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

The following Energy precedent Produced in partnership with Matthew Collinson of Igloo Energy provides comprehensive and up to date legal information covering:

  • Power purchase agreement (PPA)—exempt power supply
  • Background
  • 1 Definitions and interpretation
  • 2 Commencement and duration
  • 3 Commercial Operations Date
  • 4 Sale of electricity
  • 5 Operation of the Facility
  • 6 Metering
  • 7 Payment
  • 8 Change in Law
  • More...

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.

    1. (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:

        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 any day other than a Saturday, Sunday or a public holiday in England on which the banks in London, UK are open for business;

        Change in Law

        1. means the coming into effect of any Law after the date of this Agreement, and/or the modification, repeal or

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