Revenue Support Agreement
The Revenue Support Agreement (RSA) is the mechanism designed to incentivise private sector investment and mitigate demand related revenue risks to Transport and Storage companies (T&SCo). The T&SCo form part of the projects involved in the Carbon Capture Usage and Storage (CCUS) sector, providing the industry with their services in transport and storage of carbon dioxide.
LCCC have been advising government on the design and development of the Revenue Support Agreement since the early conceptual design stages in 2020, and will continue to contribute our support towards the expansion of the CCUS market.
Latest news:
In August 2024, LCCC were announced as the designated counterparty for the RSA under the Carbon Dioxide Transport and Storage Revenue Support (Directions and Counterparty) Regulations 2024.
In December 2024, LCCC signed a revenue support contract with the T&SCo of the East Coast Cluster, Net Zero North Sea Storage, for the RSA. Click here to access publications of both the Revenue Support Agreement contract with Net Zero North Sea Storage and register.
In April 2025, LCCC signed the RSA agreement with the T&SCo of the HyNet North West Cluster, Liverpool Bay CCS Limited. The cluster includes a diverse mix of low-carbon projects such as industrial carbon capture, low-carbon hydrogen production, negative emissions power, and power generation with carbon capture. Click here to access the publications of both the Revenue Support Agreement contract with Liverpool Bay CCS and the updated register.