Transcription of Carbon Capture, Usage and Storage
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Carbon Capture, Usage and Storage
January 2022 Carbon Capture, Usage and Storage An update on the business model for Transport and Storage Crown copyright 2022 This publication is licensed under the terms of the Open Government Licence except where otherwise stated. To view this licence, visit or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: Where we have identified any third-party copyright information you will need to obtain permission from the copyright holders concerned. Any enquiries regarding this publication should be sent to us at: 3 Contents Disclaimer _____ 5 List of Annexes to this document _____ 6 Section 1: Introduction _____ 7 Section 2: The Role of T&SCo _____ 9 Delivery model _____ 9 Asset ownership _____ 10 Network planning _____ 12 Network Codes _____ 12 System operation _____ 13 Section 3: business model Evolution _____ 15 Section 4: Economic Regulatory Regime (ERR) _____ 18 Overview of initial settlement process_____ 18 Overview of regulatory mechanics for the first regulatory period _____ 19 RAV and allowed revenues _____ 20 Outputs and incentives _____ 26 Availability incentive _____ 26 Containment incentive _____ 27 Connections incentive _____ 27 C
2020 document and the May 2021 document) on a Transport and Storage (‘T&S’) business model (‘T&S Regulatory Investment (TRI) model’). The TRI model consists of both the regulatory model and other support arrangements which will facilitate investment in T&S infrastructure.
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