Section 34A Cooperation with economic regulatorF1

(1)

This section applies where a licence holder also holds a relevant licence.

(2)

The licensing authority who granted the licence to the licence holder must provide such assistance as the economic regulator may reasonably require in carrying out its functions in relation to the relevant licence.

(3)

The licensing authority must, in particular, inform the economic regulator if it becomes aware of—

(a)

circumstances that have arisen, or are likely to arise, in relation to the activities authorised by the licence which, in the opinion of the licensing authority, could affect the carrying on of activities authorised by the relevant licence;

(b)

circumstances that have arisen, or are likely to arise, in which the licence or a storage permit granted under the licence may be terminated.

(4)

In this section—

“economic regulator” has the same meaning as in Part 1 of the Energy Act 2023 (see section 55 of that Act);
“relevant licence” means a licence under section 7 of the Energy Act 2023;
“storage permit” means a storage permit within the meaning of—
1. (a)
  regulation 1(3) of the Storage of Carbon Dioxide (Licensing etc) Regulations 2010 (S.I. 2010/2221), or
2. (b)
  regulation 1(3) of the Storage of Carbon Dioxide (Licensing etc) (Scotland) Regulations 2011 (S.S.I. 2011/24).

Annotations

Textual amendments

F1: Ss. 34A, 34B inserted (26.12.2023) by Energy Act 2023 (c. 52), ss. 53(1), 334(3)(a)