The Department told us it expects around three quarters of the allocation of financial support of almost £22 billion will be from levies on consumers (such as those using power generated by the Net Zero Teesside project).46 The remaining 25% will come from the Exchequer.47 However, the Department does not yet know the precise balance of funding between the consumer and taxpayer as this will depend on the final terms of the contracts it signs with projects.48 And uncertainty remains around the...

The Department told us it expects around three quarters of the allocation of financial support of almost £22 billion will be from levies on consumers (such as those using power generated by the Net Zero Teesside project).46 The remaining 25% will come from the Exchequer.47 However, the Department does not yet know the precise balance of funding between the consumer and taxpayer as this will depend on the final terms of the contracts it signs with projects.48 And uncertainty remains around the funding available 37 Q 72 38 Q 73 39 Q 74 40 C&AG’s Report, para 3.16 41 Qq 73 42 Qq 73 43 Qq 1, 17 44 Q 1 45 Q 1 46 Q 17 47 Q 17 48 Q 17 13 for future Type: conclusion | Number: 14 | Response status: not_addressed Government response: 3.1 The government agrees with the Committee’s recommendation. Target implementation date: Summer 2025 3.2 The department continuously assesses the affordability and value for money of government support for CCUS as part of key policy and decision-making processes