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Power Sales Agreement Template for Singapore

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Key Requirements PROMPT example:

Power Sales Agreement

"I need a Power Sales Agreement for a new 50MW solar facility in Singapore, with delivery starting from March 2025, including specific provisions for renewable energy certificates and grid connection requirements for solar power."

Document background
The Power Sales Agreement (PSA) is a crucial document in Singapore's energy market, used to establish legally binding arrangements for power supply between generators and purchasers. It addresses key commercial and technical aspects of power trading while ensuring compliance with Singapore's regulatory framework, including the Electricity Act and EMA guidelines. The agreement is particularly relevant for both conventional and renewable power producers, large industrial consumers, and participants in Singapore's wholesale electricity market. It typically includes detailed provisions on pricing mechanisms, delivery obligations, technical standards, and risk allocation.
Suggested Sections

1. Parties: Identification of seller and buyer, including registration details and addresses

2. Background: Context of the agreement, including facility details and purpose of power sale

3. Definitions: Key terms used throughout the agreement including references to relevant Singapore legislation (Electricity Act, EMA Act, Market Rules)

4. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments, compliance with EMA regulations and Market Rules

5. Price and Payment Terms: Pricing structure, billing procedures, and payment terms in accordance with Singapore market requirements

6. Term and Termination: Duration of agreement and termination provisions, including regulatory compliance requirements

7. Metering and Testing: Requirements for measurement and verification of power delivery as per Singapore Metering Code

8. Force Majeure: Events excusing performance and related procedures under Singapore law

Optional Sections

1. Carbon Credits: Treatment of environmental attributes and compliance with Carbon Pricing Act

2. Performance Security: Requirements for performance bonds or guarantees under Singapore law

3. Grid Connection: Responsibilities for grid connection and maintenance as per Transmission Code

4. Development Milestones: Construction and development timeline requirements including necessary permits and licenses

Suggested Schedules

1. Technical Specifications: Detailed technical parameters of the power facility in compliance with Singapore Standards

2. Pricing Formula: Detailed calculation methodology for power prices including vesting contract requirements if applicable

3. Testing Procedures: Procedures for testing and commissioning according to EMA requirements

4. Performance Standards: Required operational and performance standards under Singapore regulations

5. Metering Specifications: Technical requirements for metering equipment as per Singapore Metering Code

6. Form of Performance Security: Template for performance bonds or guarantees compliant with Singapore law

7. Operating Procedures: Detailed operational protocols and procedures in accordance with Market Rules

8. Insurance Requirements: Required insurance coverage details as per Singapore regulatory requirements

Authors

Alex Denne

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

Relevant legal definitions








































Clauses


































Industries

Electricity Act (Cap. 89A): Primary legislation governing the electricity sector in Singapore, including licensing, market operation, and safety requirements

Energy Market Authority of Singapore Act: Establishes the EMA and its regulatory powers over the electricity market

Public Utilities Act: Governs public utilities including certain aspects of electricity supply and infrastructure

Environmental Protection and Management Act: Covers environmental standards and requirements for power generation facilities

EMA Electricity Market Rules: Detailed regulations governing the operation of Singapore's electricity market

Transmission Code: Technical and operational requirements for connection to and use of the transmission system

Market Support Services Code: Rules governing market support services and retail operations

Metering Code: Standards and requirements for electricity metering

Generation License Requirements: Specific licensing conditions and obligations for power generators

Retail License Requirements: Licensing conditions and obligations for electricity retailers

Carbon Pricing Act: Regulations on carbon tax and emissions requirements for power generation

Contract Act (Cap. 53): Basic contract law principles applicable to power sales agreements

Competition Act (Cap. 50B): Rules preventing anti-competitive behavior in the electricity market

Vesting Contract Requirements: Specific rules governing vesting contracts in the electricity market

Singapore Standards for Electrical Installations: Technical standards and safety requirements for electrical installations

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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