Energy buyers are interested in green power purchase agreements to benefit from full traceability of the renewable energy purchased and to show their engagement in the energy transition. A PPA can also be called a power offtake agreement.A PPA ensures a predictable revenue from the sale of export power for the power generator. It is signed between a power generator (a renewable energy asset owner or manager) and an energy buyer, often referred to as an offtaker. A power purchase agreement is a long-term contract to buy and sell power.What is a PPA (Power Purchase Agreement)?. Using the Lightning PPA makes the bid acceptance process really simple: once the generator accepts the bid online through the platform, they are able to digitally sign an immediately binding contract and secure the PPA price. Majority of offtakers now use the Lightning PPA – our standardised power purchase agreement developed to create a fair and clear contract for the generators and offtakers. This helps them put together more competitive bids. The offtakers receive feedback on all their bids to better understand why they were successful or unsuccessful in their efforts. They will therefore always aim to provide the best PPA price bid possible. They cannot see each other’s bids as the tender process is a blind auction. The offtakers are free to decide which assets they want to bid on. PPA providers on the platform have been verified and are able to purchase power directly from renewable energy generators. All utility PPA offtakers (PPA providers) in the UK are registered on the Renewable Exchange platform.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |