Document background
The Physical Power Purchase Agreement (PPA) is a crucial contract type in the Irish energy market, used to establish long-term electricity supply arrangements between generators and consumers. This document is particularly relevant in the context of Ireland's growing renewable energy sector and the increasing demand for direct power procurement by commercial and industrial consumers. It addresses specific requirements under Irish energy law and regulation, including compliance with the Electricity Regulation Act 1999 and relevant EU directives. The agreement covers physical delivery of power, pricing structures, operational procedures, and risk allocation, making it essential for both traditional and renewable energy projects. The document typically supports project financing arrangements and helps demonstrate compliance with corporate sustainability goals while ensuring security of power supply.
