Energy Act 2023 — United Kingdom law | Esheria

Energy Act 2023

This Part sets objectives for the Secretary of State and the economic regulator, creates licensing rules for carbon dioxide transport and storage activities, and makes unlicensed activity an offence.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
United Kingdom
Instrument
Act or statute
Version
Undated source snapshot
Language
en
Official source
View official record ↗
ISOP functions administration administrative regimes appeals appeals procedure carbon dioxide transport and storage carbon dioxide transport and storage licensing carbon storage certification code governance compensation compensation caps consultation consumer standards decommissioning definitions electricity electricity interconnectors electricity licensing energy market regulation energy smart appliances enforcement fees fees and penalties +41 more

Statute overview

About this statute

This Part sets objectives for the Secretary of State and the economic regulator, creates licensing rules for carbon dioxide transport and storage activities, and makes unlicensed activity an offence. This provision gives the CMA appeal powers and deadlines, and sets information-sharing, publication, enforcement, and reporting duties for the economic regulator and Secretary of State. The Secretary of State may create and regulate transfer and revenue-support schemes, but must consult affected parties in some cases, cannot make a transfer scheme without required consent, and must arrange follow-on transfer schemes when a designation ends. This provision gives the Secretary of State wide powers over revenue support, licensing modifications, decommissioning security, and the CCUS strategy and policy statement, and it imposes several consultation, publication, and review duties. This provision sets out steps the Secretary of State and OGA must follow for CCUS strategy statements, carbon storage licensing matters, sanctions, information handling, and related hydrogen infrastructure powers.