Dispatchable Power Agreement definition
Dispatchable Power Agreement or "DPA" means a dispatchable power agreement between the DPA Counterparty and an eligible generator entered into following the applicable contract allocation or negotiation process established under or by virtue of the Energy ▇▇▇ ▇▇▇▇;
Dispatchable Power Agreement. A contract for difference style support mechanism for carbon capture on power stations based on a strike price of electricity generated. Further developments are ongoing in the UK to determine appropriate business models for applications such as greenhouse gas removals, blue hydrogen, CO2 utilisation and CO2 shipping. This approach taken by the UK indicates the need for governments to consult the industry to ensure any support mechanisms can suitably address the specific risks and challenges of early-stage CCS deployment across different industries.
Dispatchable Power Agreement or "DPA" means a dispatchable power agreement between the DPA Counterparty and an eligible generator entered into following the applicable contract allocation or negotiation process established under or by virtue of the Energy Act 2013;
Examples of Dispatchable Power Agreement in a sentence
The Dispatchable Power Agreement (Agreement) will be executed and delivered by the Generator and the DPA Counterparty1.