DESNZ publishes response to CCS Network Code Heads of Terms consultation
The Department for Energy Security and Net Zero (DESNZ) has published the response to its December 2023 consultation on the proposed Heads of Terms for the Carbon Capture and Storage (CCS) Network Code. The Code is part of the new regulatory regime governing the arrangements between CO2 network users and transport and storage companies. DESNZ intends to publish the full text of the Code in early 2025, along with additional explanatory materials in due course, providing further details on policy responses and the policy rationale on specific topics. Alongside the response, DESNZ has also published a spreadsheet with an example calculation of the transport and storage charging formula.