RM6289 is for the provision of Corporate Power Purchase Agreement(s) (cPPA). These are also known as indirect wire Power Purchase Agreements (PPA).
A cPPA is a long-term contract between a business (the buyer) and a renewable energy developer (the seller).
RM6289 helps you buy renewable electricity directly from specific energy projects. Either ones that already exist or new ones built specifically through this scheme. Use RM6289 to meet your organisation’s carbon net zero targets.
It includes:
- group buying power:
- bring customer needs together (aggregation) by purchasing energy in bulk
- secure more competitive price
- long-term agreements:
- known as power purchase agreements (PPAs)
- typically last between 5 and 15 years
- you can finalise the exact length for your contract during the sign-up process
- flexible contract types: the framework is primarily set up for pay-as-produced (meaning you pay for the electricity as it is generated)
Watch our introduction to power purchasing agreements webinar for more information.