The Physical Power Purchase Agreement (PPA) is a fundamental instrument in New Zealand's electricity market, used to establish long-term electricity supply arrangements between generators and purchasers. This document is essential when parties seek to create a direct supply relationship with physical delivery of electricity, as opposed to financial hedging arrangements. It's particularly relevant for renewable energy projects, industrial consumers, and utility companies operating within New Zealand's regulatory framework. The agreement must comply with the Electricity Industry Act 2010 and related regulations, while addressing commercial, technical, and operational aspects of power supply. It's commonly used for new generation projects seeking project finance, large industrial users wanting to secure long-term power supply, or generators looking to secure stable revenue streams through long-term contracts.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Your data doesn't train Genie's AI
You keep IP ownership of your docs
1. Parties: Identification of the power generator/seller and the purchaser, including full legal names and addresses
2. Background: Context of the agreement, including facility details and purpose of the PPA
3. Definitions and Interpretation: Detailed definitions of terms used throughout the agreement and rules of interpretation
4. Term and Conditions Precedent: Duration of the agreement, commencement date, and any conditions that must be satisfied before the agreement becomes effective
5. Sale and Purchase Obligations: Core obligations regarding the sale and purchase of electricity, including quantity commitments and exclusivity provisions
6. Delivery Point and Title: Specification of where electricity will be delivered and when title passes
7. Metering and Testing: Requirements for measuring electricity delivery and quality testing procedures
8. Price and Payment: Pricing structure, payment terms, invoicing, and dispute procedures
9. Operation and Maintenance: Requirements for operating and maintaining the generation facility
10. Curtailment and System Security: Provisions for reducing or interrupting supply and maintaining system security
11. Force Majeure: Definition and consequences of force majeure events
12. Default and Termination: Events of default, remedies, and termination procedures
13. Liability and Indemnities: Allocation of risks and responsibilities between parties
14. Dispute Resolution: Procedures for resolving disputes between parties
15. General Provisions: Standard contractual provisions including notices, amendments, and governing law
1. Change in Law: Provisions dealing with regulatory changes affecting the agreement, used when regulatory environment is uncertain
2. Carbon Credits and Environmental Attributes: Allocation of environmental benefits and obligations, used for renewable energy PPAs
3. Grid Connection: Requirements for grid connection and related obligations, used when seller is responsible for grid connection
4. Development and Construction: Provisions regarding facility construction and development, used for new generation facilities
5. Credit Support: Requirements for financial security, used when party creditworthiness is a concern
6. Insurance: Specific insurance requirements, used for higher-risk arrangements
7. Refinancing Provisions: Terms allowing for refinancing of the project, used for project-financed facilities
1. Facility Description: Technical specifications of the generation facility
2. Testing Procedures: Detailed procedures for testing and commissioning
3. Metering Specifications: Technical requirements for metering equipment and procedures
4. Pricing Methodology: Detailed calculation of prices including formulas and adjustments
5. Operating Procedures: Detailed procedures for daily operations and communications
6. Performance Standards: Specific performance requirements and metrics
7. Form of Direct Agreement: Standard form for direct agreements with financiers
8. Interface Procedures: Procedures for interfacing with the grid and system operator
9. Form of Performance Security: Ƶ for any required performance bonds or guarantees
Find the exact document you need
Virtual PPA
A New Zealand-governed financial contract between a renewable energy generator and corporate buyer for price hedging and supporting renewable energy development, structured as a virtual power purchase agreement.
Download
Residential Power Purchase Agreement
New Zealand-compliant agreement template for residential electricity supply arrangements between power providers and household customers.
Download
Power Purchase Agreement Solar
New Zealand-governed agreement for the sale and purchase of electricity from solar power facilities, establishing terms for power delivery, pricing, and operations.
Download
Corporate PPA
A New Zealand-compliant agreement for long-term corporate purchase of electricity, typically from renewable sources.
Download
Green Power Purchase Agreement
New Zealand-compliant agreement template for the purchase and sale of renewable energy and associated environmental attributes between generators and corporate buyers.
Download
Virtual Power Purchase Agreement
A financial contract for renewable energy procurement in New Zealand, enabling corporate buyers to support renewable generation through virtual power purchase arrangements.
Download
Contract For Differences PPA
New Zealand-compliant Contract for Differences Power Purchase Agreement template for structured energy trading and financial settlement between generators and offtakers.
Download
Commercial Solar Power Purchase Agreement
New Zealand-governed agreement for commercial solar power supply, covering installation, operation, and ongoing electricity purchase terms.
Download
Private Wire PPA
New Zealand-governed agreement for direct electricity supply through private infrastructure between generator and consumer.
Download
Power Purchase Contract
A New Zealand-governed agreement for the sale and purchase of electricity between a power generator and purchaser, subject to local electricity industry regulations.
Download
Physical Power Purchase Agreement
New Zealand-governed agreement for the physical sale and purchase of electricity between a generator and purchaser, including delivery terms, pricing, and operational requirements.
Download
Power Offtake Agreement
A New Zealand-governed agreement establishing terms for the sale and purchase of electrical power between a generator and an offtaker.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)