Power Purchase Agreement
PPAs are long-term electricity contracts in which the a consumer agrees to off-take certain amount of power (KWh) from a (green) energy producer or from a Trader.
Sometimes power producers don't have enough flexibility or production to sell certain types of PPAs and prefer to sell 'as generated', in which the consumer agrees to use all the electricity produced by the plant, however this is not prefered by most consumers, as they prefer to purchase the electricity they use. That is when traders with bigger portfolios of PPAs come in play, since they can buy 'as generated' from the producer, and sell a 'baseload' or 'as consumed' to the consumer. In a 'baseload' the consumer agrees to a certain amount of KWh per month, while in 'as consumed', the end-user get's electricity as it's used.
Hero Energy's big portfolio let us give the best conditions to both; the (renewable) energy producer and the end-user.
