Document background
The Commercial Power Purchase Agreement serves as the primary contractual framework for electricity supply arrangements between power generators and commercial consumers in Hong Kong. This document is essential when businesses seek to secure long-term power supply, particularly in cases involving significant electricity consumption or renewable energy procurement. The agreement must comply with Hong Kong's regulatory framework, including the Electricity Ordinance and Scheme of Control Agreements governing power companies. It typically includes detailed provisions for power delivery, pricing structures, performance standards, and risk allocation, while accommodating specific requirements of Hong Kong's electricity market structure. The document is particularly relevant for businesses looking to manage their electricity costs, ensure supply security, or meet sustainability goals through structured power purchase arrangements.
