Document background
A Power Purchase Agreement (PPA) is a crucial commercial contract used in the Australian energy market to establish a long-term electricity supply arrangement between generators and purchasers. This document is essential when parties seek to create a direct supply relationship, whether for renewable or conventional power generation. The agreement addresses key commercial and technical aspects including pricing mechanisms, delivery obligations, performance standards, and risk allocation. It's particularly relevant in the context of Australia's energy transition, where PPAs are increasingly used to support new renewable energy projects and corporate sustainability goals. The document must comply with Australian federal and state energy regulations, including the National Electricity Rules and relevant state-based requirements.
