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Power Sale Agreement Template for Singapore

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Key Requirements PROMPT example:

Power Sale Agreement

"I need a Power Sale Agreement for our new solar power facility in Singapore, where we'll be selling 50MW of renewable energy to a major industrial customer, with the agreement starting from March 2025 and including specific provisions for renewable energy certificates."

Document background
The Power Sale Agreement (PSA) is a fundamental instrument in Singapore's electricity market, used to formalize power supply arrangements between generators and purchasers. It is particularly relevant in the context of Singapore's liberalized electricity market, where power producers and consumers can enter into direct supply agreements. The document addresses crucial aspects such as supply commitments, pricing mechanisms, technical requirements, and regulatory compliance under Singapore law. PSAs are essential for both conventional and renewable energy projects, and must align with the Energy Market Authority's regulatory framework and the Singapore Electricity Market Rules.
Suggested Sections

1. Parties: Identification and details of the power seller and purchaser

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

3. Definitions: Key terms used throughout the agreement

4. Sale and Purchase Obligations: Core obligations regarding power supply and purchase commitments

5. Price and Payment Terms: Pricing structure, billing, and payment conditions

6. Term and Termination: Duration of agreement and termination provisions

7. Metering and Testing: Requirements for measuring and verifying power supply

8. Force Majeure: Events beyond parties' control and their consequences

9. Governing Law and Dispute Resolution: Applicable law and dispute handling procedures

Optional Sections

1. Environmental Attributes: Handling of renewable energy credits or certificates when dealing with renewable energy sources

2. Performance Security: Requirements for guarantees or performance bonds for high-value contracts or with new counterparties

3. Change in Law: Provisions for regulatory changes affecting the agreement, typically included in long-term agreements

4. Grid Connection: Responsibilities for grid connection and maintenance when seller is responsible for grid connection

Suggested Schedules

1. Technical Specifications: Detailed technical requirements for power supply

2. Pricing Schedule: Detailed pricing formulae and adjustment mechanisms

3. Testing Procedures: Detailed procedures for testing and commissioning

4. Metering Specifications: Technical requirements for metering equipment

5. Form of Performance Security: Template for performance bonds or guarantees

6. Operating Procedures: Detailed operational protocols and procedures

7. Contact Details: List of key contacts and communication protocols

Authors

Alex Denne

Head of Growth (Open Source Law) @ tiktok³ÉÈ˰æ | 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 Singapore's electricity market, covering licensing, market operation, and safety standards

Energy Market Authority of Singapore Act: Establishes the EMA and its regulatory powers over Singapore's electricity and gas markets

Public Utilities Act: Governs the supply of utilities including electricity, and establishes relevant authorities

Environmental Protection and Management Act: Sets environmental standards and compliance requirements for power generation and distribution

Electricity Market Rules: Detailed rules governing the operation of Singapore's electricity market and trading mechanisms

EMA Code of Conduct: Specific guidelines and requirements for retail electricity licensees in Singapore

Metering Code: Technical standards and requirements for electricity metering systems and data management

Transmission Code: Standards and requirements for electricity transmission systems and grid connection

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

Carbon Pricing Act 2018: Framework for carbon tax and emissions trading in Singapore's power sector

Energy Conservation Act: Requirements for energy efficiency and conservation in power generation and distribution

Contract Law (Amendment) Act: General contract law principles applicable to power sale agreements

Electronic Transactions Act: Legal framework for electronic transactions and digital signatures in contracts

Competition Act: Regulations preventing anti-competitive behavior in the energy market

Singapore Standard SS 535: Technical standards for power quality and 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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