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Master Power Purchase And Sale Agreement Template for England and Wales

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Key Requirements PROMPT example:

Master Power Purchase And Sale Agreement

"I need a Master Power Purchase And Sale Agreement for a renewable energy project where my company will be purchasing 50MW of solar power from multiple facilities in Wales, with delivery starting from March 2025 and including specific provisions for green certificates."

Document background
The Master Power Purchase and Sale Agreement (MPPSA) is essential for establishing long-term power trading relationships in the UK energy market. It serves as a foundation document that streamlines multiple power purchase transactions under a single framework, reducing negotiation time and transaction costs. Used extensively in England and Wales, it incorporates market-specific provisions while maintaining flexibility for various power generation sources. The agreement is particularly vital for managing regulatory compliance, risk allocation, and establishing clear commercial terms between power generators and purchasers.
Suggested Sections

1. Parties: Identification and details of the buyer and seller

2. Background: Context of the agreement and relationship between parties

3. Definitions: Key terms used throughout the agreement including regulatory references to Electricity Act 1989, Energy Act 2013, and other relevant legislation

4. Transaction Terms: Core commercial terms including pricing, quantity, and delivery specifications

5. Performance Obligations: Specific obligations of each party including compliance with regulatory requirements

6. Billing and Payment: Payment terms, invoicing, and settlement procedures

7. Default and Remedies: Events of default and available remedies under the agreement

8. Force Majeure: Circumstances excusing performance including regulatory changes

9. Term and Termination: Duration and termination provisions of the agreement

Optional Sections

1. Credit Support: Financial security requirements and credit risk mitigation measures

2. Trading Parameters: Specific trading rules, limitations and compliance with market regulations

3. Green Certificates: Provisions for renewable energy certificates and environmental compliance

4. Regulatory Compliance: Specific provisions addressing compliance with OFGEM regulations and market codes

Suggested Schedules

1. Schedule 1: Transaction Confirmation Form: Standard template for documenting individual power purchase transactions

2. Schedule 2: Pricing Methodology: Detailed pricing calculations, formulas and market reference prices

3. Schedule 3: Credit Support Requirements: Specific credit terms, calculations and security arrangements

4. Schedule 4: Notices: Contact details and communication procedures for both parties

5. Appendix A: Technical Specifications: Technical requirements and standards for power delivery

6. Appendix B: Measurement and Testing: Procedures for measuring and testing power delivery and quality

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions




















































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Relevant Industries
Relevant Teams
Relevant Roles
Industries

Electricity Act 1989: Primary legislation establishing the framework for electricity generation, transmission, and supply, including licensing requirements and price controls

Energy Act 2013: Legislation covering electricity market reforms, capacity market regulations, and Contracts for Difference (CfD)

Utilities Act 2000: Legislation governing market competition rules and consumer protection provisions in the utilities sector

Competition Act 1998: Framework for preventing anti-competitive behavior and market abuse in the energy sector

Electricity Market Reform (EMR): Regulatory framework for modernizing electricity market operations and promoting low-carbon electricity generation

OFGEM Regulations: Regulatory guidelines and requirements set by the Office of Gas and Electricity Markets

Balancing and Settlement Code (BSC): Industry code defining the rules and governance for electricity balancing and settlement in Great Britain

Grid Code: Technical code specifying the requirements for connection to and use of the National Electricity Transmission System

Distribution Code: Technical requirements for connection to and use of electricity distribution networks

Retained EU Energy Law: Post-Brexit retained EU legislation relating to energy markets and trading arrangements

UK-EU Trade and Cooperation Agreement: Post-Brexit framework governing energy trading arrangements between the UK and EU

Sale of Goods Act 1979: Legislation governing the sale of goods, which may apply to certain aspects of power purchase agreements

Unfair Contract Terms Act 1977: Legislation controlling the use of unfair terms in contracts, particularly relevant for standard form contracts

Environmental Legislation: Various environmental protection and renewable energy obligation regulations affecting power generation and sale

UK GDPR: Data protection regulations governing the handling of personal and commercial data in energy contracts

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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