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Flexible Power Purchase Agreement
"I need a Flexible Power Purchase Agreement for a 50MW solar farm in Yorkshire, with specific provisions for battery storage integration and participation in the balancing mechanism, planned to commence operations in March 2025."
1. Parties: Identification and details of the generator and buyer
2. Background: Context of the agreement, facility details, and generation capacity
3. Definitions: Key terms used throughout the agreement including regulatory references
4. Sale and Purchase Obligations: Core obligations regarding electricity sale and purchase, including delivery points and volume commitments
5. Pricing Mechanism: Price calculation, adjustments, floor/ceiling prices, and payment terms
6. Metering and Settlement: Requirements for measuring and recording electricity output, reconciliation processes
7. Flexibility Provisions: Core terms regarding demand response, load shifting, and balancing mechanisms
8. Credit Support: Security requirements, credit thresholds, and acceptable forms of security
9. Force Majeure: Events constituting force majeure and consequences
10. Term and Termination: Duration, renewal options, and termination rights
11. Governing Law and Disputes: Choice of law, jurisdiction, and dispute resolution procedures
1. Green Certificates: Handling of renewable energy certificates and environmental attributes (when renewable generation involved)
2. Storage Integration: Terms relating to energy storage facilities and their operation (when storage is part of the arrangement)
3. Carbon Reporting: Provisions for tracking and reporting carbon emissions (when required for regulatory compliance)
4. Grid Connection: Terms relating to grid connection and compliance (when generator is responsible for connection)
1. Facility Description: Technical specifications of the generation facility including capacity and technology type
2. Pricing Schedule: Detailed pricing mechanisms, calculations, and adjustment formulae
3. Operating Parameters: Technical operating requirements, constraints, and performance standards
4. Metering Specifications: Technical requirements for metering equipment and data collection
5. Communication Protocols: Procedures for operational communications, notifications, and emergency responses
6. Form of Credit Support: Templates for guarantees, letters of credit, or other security instruments
7. Settlement Procedures: Detailed procedures for billing, invoicing, and settlement
Authors
Agreed Flexibility Parameters
Available Capacity
Balancing Mechanism
Billing Period
BSC
Capacity Market
Commencement Date
Contract Capacity
Contract Price
Delivered Energy
Delivery Point
Dispatch Instruction
Effective Date
Electricity
Facility
Flexibility Service
Force Majeure Event
Generator
Good Industry Practice
Grid Code
Grid Connection Agreement
Imbalance Charges
Initial Period
Law
Market Price
Metering Equipment
Minimum Generation Level
Monthly Statement
Network Operator
Offtaker
Operating Parameters
Output Forecasts
Planned Maintenance
PPA Rate
Prudent Operating Practice
Ramp Rate
Reactive Power
Renewable Benefits
Required Availability
Response Time
Settlement Period
System Buy Price
System Sell Price
Technical Specifications
Term
Transmission System
Unplanned Outage
Variable Generation Pattern
Metering and Settlement
Flexibility Services
Pricing and Payment
Billing and Invoicing
Forecasting and Scheduling
Operating Procedures
Connection and Delivery
Technical Requirements
Performance Standards
Force Majeure
Change in Law
Representations and Warranties
Confidentiality
Dispute Resolution
Liability and Indemnification
Insurance
Assignment and Transfer
Termination
Suspension Rights
Credit Support
Balancing Mechanism
Maintenance and Outages
Environmental Attributes
Compliance with Laws
Records and Audit Rights
Notices
Anti-corruption
Data Protection
Governing Law
Amendments
Entire Agreement
Severability
Waiver
Third Party Rights
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