Power purchase agreement (PPA)—exempt power supply
Produced in partnership with Matthew Collinson
Power purchase agreement (PPA)—exempt power supply

The following Energy guidance note Produced in partnership with Matthew Collinson provides comprehensive and up to date legal information covering:

  • Power purchase agreement (PPA)—exempt power supply
  • Parties
  • Background
  • Schedule 1The Facility
  • Schedule 2Charges
  • Schedule 3Specification

Produced in partnership with Matthew Collinson of Energetics

This Agreement is made on [date]

Parties

  1. 1

    [name of the Company] [of [address] OR incorporated in England and Wales with Company registration number [number] whose registered office is at [address]] (Purchaser)

  1. 2

    [name of the Company] [of [address] OR incorporated in England and Wales with Company registration number [number] whose registered office is at [address]] (Generator)

Background

  1. (A)

    The Generator is the owner and operator of the Facility.

  2. (B)

    The Purchaser wishes to purchase and the Generator wishes to sell the electricity that will be generated by the Facility in accordance with the terms of this Agreement.

The parties agree:

  1. 1

    Definitions and interpretation

    1. 1.1

      In this Agreement:

    2. Act

      1. means the Electricity Act 1989 (EA 1989);

      [Additional Supply Price

      1. means the Charges applicable to an Additional Supply;]

      [Additional Supply

      1. means quantities of electricity produced by the Facility and delivered to the Delivery Point in excess of the Supply;]

      Authority

      1. means the Gas and Electricity Markets Authority as defined in section 1 of the Utilities Act 2000 or any successor to all or substantially all of its functions and powers, and includes a reference to Ofgem;

      Business Day

      1. means