Government looks to boost Corporate PPAs

The Government has issued a call for evidence on how to improve the Corporate PPA market to help boost industrial competitiveness and drive economic growth.

The Departments for Business and Trade and for Energy Security and Net Zero said heightened and increasingly volatile electricity prices had renewed business interest in CPPAs.

It said the agreements enable corporates to secure “competitively priced electricity” to improve competitiveness and make progress towards net zero.

The call for evidence aims to identify barriers and opportunities for businesses to secure stable, competitively priced electricity through CPPAs.

Responses are invited from interested organisations including companies that use significant amounts of electricity, generators and developers, investors and electricity suppliers and intermediaries.

CPPAs are currently believed to represent 2.5% to 5% of the GB power trading market.