Upgrade Energy sells renewable energy to a private customer via a Power Purchase Agreement (PPA). There are three parties involved in the wheeling process: Upgrade Energy, Customer and Eskom.
Generates renewable energy at its facility.
Places it on the national grid.
Meter captures the quantity and time of supply.
Supplied with energy via the grid and recorded by Eskom.
Pays regular MegaFlex tariff as if there was no PPA in place.
No balancing of supply from Upgrade Energy and load from the customer.
Pays the agreed PPA tariff for the generated energy to Upgrade Energy.
Delivers Energy to the customer as if there was no PPA.
Provides the customer with a WEPS credit based on the energy supplied at the Upgrade Energy facility.