A pilot platform being developed by the Energy Exchange for renewable energy PPAs is expected to be launched within the third quarter of this year, energypress sources have informed.
The main idea, given the current maturity of the market, is to offer common ground where the parties involved – RES producers and off-takers – can converge to negotiate bilateral contracts.
A simple platform will be offered to facilitate the needs of buyers and sellers, the sources noted, adding the Energy Exchange will not include more complex functions such as billing, clearing or other services.
Also, the Energy Exchange is developing a contract template as assistance for parties interested in establishing PPAs, especially smaller players. It will be at their discretion whether to use it or not.
The aim will be to offer a formula ensuring proportionality and balance between producers and off-takers in order to minimize the possibility of contracts being broken over the slightest of issues.
No particularly challenging regulatory issues remain pending for the platform’s operation, meaning delays are unlikely.
The Energy Exchange may revise the platform’s original form at a latter date in order to offer additional services that would correspond with the PPA market’s increased maturity anticipated over time.