Energy buyers can now seamlessly integrate PPAs into their situation reports and simulations.
LAUSANNE – June 1, 2023 – Datapred, the integrated online software for energy buyers, today announced its support for power purchase agreements, in addition to the listed energy products it already covers.
Energy buyers want a way to manage the risk associated with volatile energy prices, while supporting carbon neutral suppliers. Power purchase agreements (PPAs) are long-term contracts between a buyer (usually a business) and a power producer (often a renewable energy specialist) for the purchase of energy generated by an existing or planned renewable asset at a specified price.
PPAs have become a popular way for organizations to manage energy price risk and decarbonize energy sources: according to Statista, a total of 23.6 gigawatts of renewable power had been contracted through PPAs in Europe as of October 2022. But the addition of PPAs to their energy mix complicates analysis and reporting for industrial energy buyers.
Datapred’s support for PPAs simplifies these tasks: PPAs are automatically included in the software’s situation reports and profit and loss calculations, and energy buyers can simulate how PPAs affect their global energy buying and hedging strategy.
PPAs are a helpful device in the toolbox of industrial energy buyers, but they have also added to their workload” said Thomas Oriol, co-founder of Datapred. “These new capabilities are a great illustration of our mission to make life easier for them, with a software that is powerful, but not overpowering.”
It worth noting that with the same group of features, French energy buyers can handle the much-discussed ARENH mechanism, and simulate the potential consequences of its scheduled termination in 2025.
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About Datapred
Founded in 2015 and based in Lausanne, Switzerland, Datapred is an integrated online software for energy buyers, helping them with reporting and market awareness, and providing powerful decision support. Connections to external and internal data sources, as well as powerful analysis, prediction and optimization models, ensure that energy procurement is consistent with both market and operational conditions.
Additional Information
For additional information on Datapred, or a discussion of how these new capabilities could help you, please visit:
https://www.datapred.com/contact