Part 1: Licensing of Carbon Dioxide Transport and Storage Chapter 1: Licensing of Activities Section 11: Conditions of licences: general
Section 11 establishes the conditions that may be included in a licence. Such conditions must be limited to those which the grantor (the Secretary of State or the economic regulator) considers necessary having regard to their statutory duties and objectives.
	In order that the economic regulator may cover its costs of administering the licence, this section confirms that the licence may contain conditions requiring a payment to be made to the economic regulator during the term of the licence.
	Conditions may also include the ability to require that the licence holder: complies with directions relating to specified matters; consents to the disclosure of information; be prohibited from doing certain actions unless the consent of the Secretary of State or economic regulator has been provided; refer certain matters for a determination by the economic regulator or the Secretary of State; and refer certain things e.g. contracts or agreements which are related to the licence, for approval from the economic regulator or the Secretary of State.
	In particular subsection (3) confirms that the licence may contain provision about the calculation of the ‘allowed revenue’ that the licence holder is entitled to receive.
	Subsections (5) and (6) enable the licence to require the provision of certain information to inform persons who are considering applying for a licence and also potential users of the network who are considering whether to apply for financial support for carbon capture activities, where carbon capture could be from a range of potential sources, including power plants, industrial facilities, low carbon hydrogen, carbon capture from energy from waste, carbon capture from bioenergy and potentially direct air capture.
	Any monies received by the economic regulator pursuant to the conditions must be paid into the Consolidated Fund.