Glossary

Offsite: These are contracts that are associated with a wind farm or photovoltaic energy facility connected to the country's transmission grid to deliver energy from its point of origin to the point of consumption. In other words, the customer receives the energy from a project connected to the grid. These contracts usually occur when customers do not have the appropriate space to set up an installation, preferring to opt for this option.

The customer does not keep the installation.

Virtual/ Financial: This is a financial hedge of the spot market price. The customer does not need to be on the same electrical system or physically connected.

Suitable solution for customers with multiple load points, so that a renewable project can virtually supply multiple consumption points. A price is set and adjusted according to the reference that has been established (which is usually the pool). The user can be charged or paid for the adjustment depending on whether the agreed price is higher or lower than the pool. The benefit is cost forecasting and risk management, since prices are fixed for a given period, they are financial hedges. The customer has freedom of choice of supplier.  

The customer does not keep the installation.

Another characteristic of the off-site PPA (front of the meter) is that it is not the final price of consumption; tolls and charges for the use of the electricity infrastructure (to deliver the energy to the point of consumption) must be added. 

Long-term electricity supply contract established between a generator and a consumer in which the photovoltaic generation installation is located in the same place (roof or ground) where it will be consumed. and the main feature is that the installation is connected directly to the consumer's internal network so it acts on the variable (or energy) term of the electricity bill, reducing it. 

The agreed price is the final price and it is not necessary to add regulated costs.

The customer can keep the installation at the end of the established term.

Number of years required for the positive flows of the investment to offset the expenses incurred. Provides the risk of a project expressed only in terms of time.

Producer and consumer.

Customers completely disconnected from the grid (or the customer plans to disconnect). Businesses or companies that disconnect from the grid have to generate all the electricity themselves.

The amount of energy from the sun that is received over a given area and at a given time.

They are the interlocutors between electricity producers and the electricity market.