Document background
The Corporate PPA is designed for use in New Zealand's electricity market where corporate buyers seek to secure long-term electricity supply, often to meet sustainability goals and manage energy costs. This document type has become increasingly important as organizations commit to renewable energy targets and seek price certainty in their energy procurement. The agreement includes essential provisions required under New Zealand law, including compliance with the Electricity Industry Act 2010 and the Electricity Industry Participation Code. It addresses key aspects such as energy pricing, volume commitments, generation source specifications, and risk allocation between parties. The Corporate PPA structure accommodates both physical delivery and financial settlement arrangements, depending on the parties' requirements and market conditions.
