Evolving Regulation For CO₂ Storage: A Call For Evidence From Ofgem

On 6 August 2025 the UK Government and Ofgem, launched a Call for Evidence to explore how economic regulation for CO₂ storage should evolve as the Carbon Capture, Usage and Storage sector matures. As the CO₂ storage market transitions from early-stage development to a more self-sustaining model, the government is evaluating whether the current Regulated Asset Base model remains fit for purpose. This consultation seeks input on whether alternative regulatory approaches might better serve:

• Users of CO₂ storage services;
• Consumers impacted by storage costs;
• CO2 storage developers and infrastructure providers; and
• Investors and financiers of CO2 storage sites.

Therefore, the government is inviting public feedback, including CO₂ capture and transport providers both domestic and international, current and prospective CO₂ storage developers, investors and financial institutions.