Part 2Carbon dioxide capture, storage etc and hydrogen production, transport and storage
Chapter 1Revenue support contracts
Hydrogen levy
I171Payments to relevant market participants
1
Revenue support regulations may make provision about amounts which must be paid—
a
by a hydrogen levy administrator to relevant market participants, or
b
by a relevant counterparty—
i
to relevant market participants, or
ii
to a hydrogen levy administrator for the purpose of enabling payments to be made to relevant market participants.
2
Regulations by virtue of subsection (1) may make provision—
a
for a hydrogen levy administrator to calculate or determine, in accordance with such criteria as may be provided for by or under the regulations, amounts which are owed by—
i
the hydrogen levy administrator, or
ii
a relevant counterparty;
b
for a relevant counterparty to calculate or determine, in accordance with such criteria as may be provided for by or under the regulations, amounts which are owed by—
i
the relevant counterparty, or
ii
a hydrogen levy administrator;
c
d
e
for the provision of copies of notices such as are mentioned in paragraph (c) or (d) to persons specified in the regulations, or the publication of such notices.
3
Revenue support regulations may make provision imposing on a relevant market participant who receives a payment from a hydrogen levy administrator or a relevant counterparty a requirement to secure that customers of the relevant market participant receive, by a time specified in the regulations, such benefit from the payment as may be specified in or determined in accordance with the regulations.
4
In this section “relevant counterparty” means any of the following—
a
a hydrogen transport counterparty;
b
a hydrogen storage counterparty;
c
a hydrogen production counterparty.