Power purchase agreement (PPA)—exempt power supply

Produced in partnership with Matthew Collinson
Precedents

Power purchase agreement (PPA)—exempt power supply

Produced in partnership with Matthew Collinson

Precedents
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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

Matthew Collinson
Matthew Collinson

Self-employed Consultant Lawyer


Matt has specialised in energy and infrastructure projects since 2006, including in City practice and as an industry consultant. He has spent more than half his career as a general counsel in regulated energy supply and network businesses, and has written extensively on regulation of the gas and electricity sectors.

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Jurisdiction(s):
United Kingdom
Key definition:
Supply definition
What does Supply mean?

The Value Added Tax Act 1994, s.5(2)(a) provides that supply "includes all forms of supply".

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