Ssroc Power Purchase Agreement

If you`re in the energy industry, you may have heard of the SSROC power purchase agreement. But what is it, and why is it important?

The SSROC power purchase agreement is an innovative agreement between the Southern Sydney Regional Organisation of Councils (SSROC) and energy providers. The agreement allows SSROC to purchase renewable energy generated by solar farms, wind farms, and other renewable energy sources at a fixed price.

This fixed price is often lower than the market rate, which makes renewable energy more affordable for SSROC and its member councils. It also allows SSROC to support the development of renewable energy infrastructure in Australia.

One of the benefits of the SSROC power purchase agreement is that it provides a stable source of revenue for renewable energy providers. Because energy providers know that SSROC will purchase a certain amount of renewable energy at a fixed price, they can invest in new renewable energy projects with more certainty. This helps to encourage the growth of the renewable energy industry in Australia.

In addition to supporting the growth of the renewable energy industry, the SSROC power purchase agreement also helps to reduce greenhouse gas emissions. By purchasing renewable energy instead of energy generated by fossil fuels, SSROC and its member councils are able to reduce their carbon footprint and contribute to a more sustainable future.

Overall, the SSROC power purchase agreement is an important initiative that benefits both energy providers and the environment. By providing a stable source of revenue for renewable energy providers, it helps to encourage the growth of the renewable energy industry in Australia. At the same time, it helps to reduce greenhouse gas emissions and support a more sustainable future.