Power Supply Agreements are essential documents in Singapore's energy sector, used to formalize the relationship between power suppliers and consumers. These agreements, regulated under Singapore's robust energy framework, specify crucial elements including supply obligations, technical requirements, pricing structures, and performance standards. A Power Supply Agreement is particularly vital for businesses with significant power requirements, ensuring reliable electricity supply while maintaining compliance with Singapore's Electricity Act 2001 and EMA regulations. The document serves as a comprehensive framework for managing power supply relationships, risk allocation, and operational requirements.
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1. Parties: Identification and details of the power supplier and purchaser
2. Background: Context of the agreement and relationship between parties
3. Definitions: Key terms used throughout the agreement including technical and regulatory terms
4. Supply Obligations: Core obligations regarding power supply, capacity, availability and reliability standards
5. Pricing and Payment Terms: Tariff structure, billing cycles, payment terms and adjustment mechanisms
6. Term and Termination: Duration of agreement, renewal options and termination circumstances
7. Technical Requirements: Technical specifications, compliance standards and operational requirements
8. Metering and Billing: Requirements for metering equipment, reading procedures and billing processes
9. Maintenance and Outages: Planned maintenance schedules, notification requirements and emergency procedures
10. Regulatory Compliance: Compliance with Singapore electricity laws, EMA regulations and market rules
1. Carbon Credits: Provisions for green energy certificates and carbon trading when dealing with renewable energy sources
2. Force Majeure: Provisions for unforeseen circumstances affecting performance obligations
3. Step-in Rights: Rights of lenders or third parties to take control in project financing scenarios
4. Change in Law: Provisions addressing regulatory changes and their impact on the agreement
5. Interconnection Requirements: Specific provisions for grid connection and interface requirements
1. Technical Specifications Schedule: Detailed technical requirements, standards and performance specifications
2. Pricing Schedule: Detailed pricing mechanisms, calculations and adjustment formulas
3. Performance Standards Schedule: Specific performance metrics, testing requirements and compliance standards
4. Testing Procedures Schedule: Procedures for testing, commissioning and performance verification
5. Metering Requirements Schedule: Detailed specifications for metering equipment and measurement procedures
6. Operating Procedures Schedule: Day-to-day operational procedures and emergency protocols
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