Document background
The Bilateral Power Purchase Agreement (PPA) is a crucial commercial agreement used in the Australian energy market to establish a direct contractual relationship between electricity generators and buyers. This document is particularly relevant for renewable energy projects, corporate energy procurement, and industrial power users seeking to secure long-term electricity supply at predictable prices. The agreement must comply with the National Electricity Law, National Electricity Rules, and relevant state-specific regulations. It typically includes detailed provisions for energy pricing, delivery obligations, performance standards, and risk allocation, while accommodating specific requirements of the Australian electricity market structure. PPAs have become increasingly important in Australia's energy transition, supporting the development of new generation projects and helping large consumers meet their sustainability goals.
