Carbon Capture and Storage: Finance

(asked on 20th October 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, what her preferred means of levy support is for the operation of Carbon Capture and Storage plants.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
This question was answered on 27th October 2015

The Contract for Difference is the means of providing support for all low carbon generation including Carbon Capture and Storage (CCS). The Supplier Obligation mechanism is a compulsory levy on electricity suppliers to meet the cost of Contract for Differences. Total funds used for this purpose are managed through the Levy Control Framework (LCF).



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