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Power Purchase Agreements

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Diamond Energy:
Energy Market Interface Services Capability Statement

Overview

Diamond Energy is unique in that we finance, build, own and operate generation facilities in our own right as well as posses a range of regulatory and energy market accreditations.

The combination of this expertise and various accreditations allows Diamond Energy to provide a tailored & yet cost effective fully integrated energy market interface service to developers/owners of distributed generation facilities.

Key Accreditations

Key Diamond Energy accreditations include:

  • Australian Energy Market Operator (AEMO) accreditation as a Financially Responsible Market Participant (FMRP) and Responsible Person (RP);
  • Austraclear Accreditation to sell and settle electricity transactions in the wholesale National Electricity Market (NEM);
  • Australian Securities & Investment Commission (ASIC) Australian Financial Services License (FSL) that enables it to participate in the electricity futures markets;
  • Retail electricity Licences in Victoria, South Australia, New South Wales & Queensland.
  • Office of the Renewable Energy Regulator (ORER) accreditation regarding the creation & transaction of Largescale Renewable Energy Certificates (LREC’s);
  • New South Wales Independent Pricing and Regulatory Tribunal (IPART) accreditation under the Greenhouse Gas Abatement Scheme (GGAS) regarding the creation & transaction of New South Wales Greenhouse Gas Certificates (NGAC’s); and
  • Essential Services Commission Victoria accreditation under the Victorian Renewable Energy Target (VRET) regarding the creation & transaction of Victorian Renewable Energy Certificates (VREC’s).

Service Capabilities

Key Diamond Energy service capabilities include:

  • Provision of competitive power purchase agreements (PPA’s) specifically tailored to generator’s requirements;
  • PPA’s can include export/import power and green certificates (LREC’s, NGAC’s, VRET’s, etc) as appropriate – with market spot and/or fixed long-term pricing options available;
  • Management of all AEMO scheduled generator dispatch requirements including:
    • Day-to-day management of generator operation with regard to owners objectives and forward market conditions;
    • AEMO offer submission/re-adjustment for generator MW capacity, price, and other ancillary services for each trading interval via the AEMO MMS system; and
    • Management of all AEMO communications (including: offer acknowledgment, dispatch instructions, PASA forecasts, etc).
  • Confirm and settle all generator transactions using AEMO MSATS system and Diamond Energy’s Austraclear Facility.
  • Compliance with all AEMO Prudential Requirements;
  • Manage all administrative requirements in regard to the creation, verification and reporting requirements in regard to various “green certificate” products (ie: LREC’s, NGAC’s, VREC’s, etc) as appropriate; and
  • Regular communication and comprehensive reporting to generator owner.

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