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Prepaid Power Purchase Agreement

Prepaid Power Purchase Agreement Template for Canada

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Key Requirements PROMPT example:

Prepaid Power Purchase Agreement

"I need a Prepaid Power Purchase Agreement for a 50MW solar facility in Ontario, with a 15-year term starting March 2025, including provisions for Indigenous consultation and environmental attributes transfer, where the purchaser will prepay 30% of the total contract value."

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Document background
The Prepaid Power Purchase Agreement is a specialized contract used in the Canadian energy market when a power purchaser wishes to secure long-term power supply through an upfront payment structure. This arrangement provides price certainty for the purchaser and upfront capital for the generator, making it particularly attractive for new power generation projects or long-term supply agreements. The document incorporates federal and provincial regulatory requirements, addresses technical and operational aspects of power generation and delivery, and includes specific provisions for prepayment mechanisms, performance guarantees, and risk allocation. It's commonly used in renewable energy projects, industrial power procurement, and large-scale commercial operations where securing long-term power supply is crucial.
Suggested Sections

1. Parties: Identification of the power generator/seller and the purchaser

2. Background: Context of the agreement, including facility details and purpose of the prepaid structure

3. Definitions: Defined terms used throughout the agreement, including technical and commercial terms

4. Prepayment Terms: Details of the prepayment amount, timing, and any associated conditions

5. Power Purchase Obligations: Commitment to supply and purchase power, including quantity and availability guarantees

6. Delivery Points and Transmission: Specification of where power will be delivered and transmission responsibilities

7. Pricing and Payment Adjustments: Price structure, true-up mechanisms, and adjustment provisions

8. Metering and Measurement: Requirements for measuring delivered power and maintaining accuracy

9. Operating Procedures: Day-to-day operational requirements and communication protocols

10. Force Majeure: Events excusing performance and associated procedures

11. Default and Termination: Events of default, cure periods, and termination rights

12. Dispute Resolution: Process for resolving disputes between parties

13. Governing Law: Applicable law and jurisdiction

14. General Provisions: Standard legal provisions including notices, assignment, and amendments

Optional Sections

1. Environmental Attributes: Handling of renewable energy credits and environmental benefits, used when facility generates renewable energy

2. Credit Support: Additional financial security requirements, used when credit risk needs to be managed

3. Construction and Development: Provisions for facilities not yet operational, used for new power generation projects

4. Indigenous Rights and Consultation: Provisions addressing Indigenous peoples' rights and consultation requirements, used when relevant to project location

5. Change in Law: Mechanisms for addressing regulatory changes, used in longer-term agreements

6. Interconnection Requirements: Technical requirements for grid connection, used when seller responsible for interconnection

7. Storage Provisions: Terms for energy storage capabilities, used when facility includes storage technology

Suggested Schedules

1. Schedule A - Facility Description: Technical specifications of the power generation facility

2. Schedule B - Prepayment Schedule: Detailed breakdown of prepayment amounts and timing

3. Schedule C - Operating Parameters: Technical operating specifications and requirements

4. Schedule D - Delivery Point Specifications: Technical details of power delivery points

5. Schedule E - Metering Specifications: Technical requirements for metering equipment

6. Schedule F - Form of Generation Forecast: Template for production forecasting

7. Schedule G - Performance Guarantees: Detailed performance metrics and guarantees

8. Appendix 1 - Contact Information: Key contacts and notification details

9. Appendix 2 - Required Permits: List of required regulatory permits and approvals

10. Appendix 3 - Insurance Requirements: Required insurance coverage details

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈË°æ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions

























































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Relevant Industries

Energy & Utilities

Renewable Energy

Manufacturing

Mining

Data Centers

Industrial Processing

Commercial Real Estate

Banking & Finance

Technology

Infrastructure

Relevant Teams

Legal

Finance

Procurement

Operations

Risk Management

Sustainability

Treasury

Technical Services

Environmental Compliance

Regulatory Affairs

Commercial

Project Management

Relevant Roles

Chief Financial Officer

Energy Procurement Manager

Power Trading Director

Legal Counsel

Risk Manager

Commercial Director

Sustainability Officer

Project Finance Manager

Operations Director

Regulatory Compliance Officer

Energy Manager

Treasury Manager

Contract Administrator

Technical Operations Manager

Environmental Compliance Manager

Industries








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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