Part 2: Carbon dioxide capture, storage etc and hydrogen production, transport and storage Chapter 1: Revenue Support Contracts Section 58: Duties of a revenue support counterparty
Section 58 makes it clear that it is the duty of a person who has been designated as a revenue support counterparty to comply with the regulations and any direction given by virtue of this Chapter. This will include the requirement for a revenue support counterparty to offer to contract with an eligible person when the Secretary of State has directed it to, or an allocation body has given a notification under section 75.
	Subsection (2) enables revenue support regulations to make provision to require a revenue support counterparty to enter into arrangements or to offer to contract for purposes connected to a revenue support contract, or to specify things that a revenue support counterparty must, can or cannot do. It also enables revenue support regulations to make provision about the making of directions from the Secretary of State to a revenue support counterparty. This will enable specific directions to be given in relation to particular contracts or matters.
	Subsection (4) places a duty on a revenue support counterparty to exercise its functions to ensure that it can meet its liabilities under a revenue support contract.
	Subsection (5) requires revenue support regulations to include such provision as the Secretary of State considers necessary to ensure that a revenue support counterparty can meet its liabilities under a revenue support contract.