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A power purchase agreement (PPA), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually an utility, government or company. [1] [2] PPAs may last anywhere between 5 and 20 years, during which time the power purchaser buys energy at a pre-negotiated price.
Take-or-pay clauses are common in the energy industry and, in particular, for gas sales; see volume risk. The High Court in England and Wales recognises such clauses as "a familiar provision in commercial contracts", but also notes that they have been a source of commercial dispute "for more than 100 years". [ 1 ] :
On 15 February 2000, AES and the Bulgarian grid operator Natzionalna Elektricheska Kompania EAD (NEK) signed a 15-year tolling agreement, according to which AES has an obligation to replace the old power station with a new facility. [2] In June 2006, AES started construction of the new 670 MW power station. [3] It became operational on 3 June ...
Equitable tolling applies in criminal and civil proceedings, including in removal proceedings under the Immigration and Nationality Act (INA). [2] Equitable tolling is a common principle of law stating that a statute of limitations shall not bar a claim in cases where the plaintiff, despite use of due diligence, could not or did not discover the injury until after the expiration of the ...
Contractual agreements between custody transfer parties; and; Government regulation and taxation. Due to the high level of accuracy required during custody transfer applications, the flowmeters which are used to perform this are subject to approval by an organization such as the American Petroleum Institute (API).
In electric power transmission, wheeling is the transmission of power from one system to another through the third-party interconnecting network. [ 1 ] [ 2 ] [ 3 ] The wheeling provider, or utility, receives compensation for the service and for electricity losses incurred in the transmission.
Power pooling is used to balance electrical load over a larger network (electrical grid) than a single utility.It is a mechanism for interchange of power between two and more utilities which provide or generate electricity [1] For exchange of power between two utilities there is an interchange agreement which is signed by them, but signing up an interchange agreement between each pair of ...
ISOs and RTOs of North America as of 2024. A regional transmission organization (RTO) in the United States is an electric power transmission system operator (TSO) that coordinates, controls, and monitors a multi-state electric grid.
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