The Renewable Energy Agreement is designed for use in England and Wales when parties wish to establish a formal arrangement for the supply and purchase of renewable energy. This document is particularly relevant in the context of corporate renewable energy procurement, power purchase agreements (PPAs), and green energy initiatives. It addresses key aspects such as energy pricing, delivery terms, regulatory compliance, and environmental attributes while ensuring alignment with UK energy legislation and renewable energy obligations.
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1. Parties: Identification and details of contracting parties
2. Background: Context of the agreement and high-level objectives
3. Definitions: Key terms used throughout the agreement
4. Supply Terms: Core terms regarding energy supply, including quantity and specification
5. Pricing and Payment: Payment terms, pricing mechanism, and invoicing
6. Delivery Point and Title: Specifications of where energy is delivered and transfer of title
7. Metering and Recording: Requirements for measuring and recording energy supply
8. Force Majeure: Provisions for unforeseen circumstances affecting performance
9. Term and Termination: Duration of agreement and termination provisions
10. Representations and Warranties: Standard legal assurances from both parties
11. Governing Law and Jurisdiction: Applicable law and dispute resolution mechanisms
1. Green Certificates: Terms relating to renewable energy certificates, used when parties want to trade environmental attributes
2. Development Obligations: Include when agreement covers new renewable energy facility development
3. Grid Connection: Include when agreement includes responsibility for grid connection
4. Construction and Commissioning: Include when agreement covers new facility construction
5. Storage Provisions: Include when energy storage is part of the agreement
1. Technical Specifications: Detailed technical requirements for energy supply
2. Pricing Schedule: Detailed pricing mechanisms and calculations
3. Performance Standards: Required performance levels and measurement methods
4. Site Details: Information about generation facility location and specifications
5. Metering Requirements: Detailed specifications for metering equipment and protocols
6. Form of Performance Security: Template for any required performance bonds or guarantees
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