Carbon Capture and Storage: Finance

(asked on 8th December 2015) - View Source

Question

To ask the Secretary of State for Energy and Climate Change, whether carbon capture and storage plants that become operational with the assistance of support not provided by her Department will be eligible to receive contracts for difference.


Answered by
Andrea Leadsom Portrait
Andrea Leadsom
This question was answered on 15th December 2015

Contracts for Difference may be awarded to generators who meet the requirements of eligibility set out in the Contracts for Difference (Definition of Eligible Generator) Regulations 2014. A generating station connected to a complete CCS system is an eligible technology under those Regulations. Contracts for Difference for CCS are awarded on direction of the Secretary of State and would be subject to the circumstances at the time, including factors such as the value for money and affordability of a project and competing demands on available budgets.



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