Retricity Limited structures Virtual Power Purchase Agreements that take advantage of electricity licence class exemptions — connecting generators and offtakers directly, without either party needing to hold a supply licence.
Get in touchRetricity designs and negotiates Virtual PPA structures that sit within Great Britain's electricity licence class exemption framework, keeping arrangements simple, compliant and commercially efficient for both generators and offtakers.
We structure financial PPAs that let businesses secure renewable electricity prices and volumes without taking physical delivery, settling the difference against the wholesale market.
Under the Electricity (Class Exemptions from the Requirement for a Licence) Order, generators and suppliers below specified thresholds can trade directly. We design contracts that work within these exemptions, avoiding the cost and complexity of full licensing.
Decades of experience negotiating power contracts across conventional, renewable and waste-to-energy generation means we know where value sits in a deal — and how to secure it.
Retricity is led by two energy market specialists with a combined track record across generation, supply and large-scale power contracting.
Alex Young is a seasoned energy project developer with over 25 years' experience advancing power infrastructure projects across their development cycle to become investable propositions. Alex's expertise spans thermal renewable technologies such as combustion and gasification, as well as pure renewable technologies including hydro and wind, combining commercial acumen with engineering expertise to develop projects that support a sustainable, low-carbon energy future. Alex led EDF Energy's bilateral power purchase agreements with renewable energy generators between 2002 and 2006, switching to the other side of the table with Infinis in 2009, leading their sale of power.
View LinkedIn profileDr John Bone is a highly experienced commercial energy negotiator who adds real value in the conventional energy, renewable energy and waste sectors by identifying and delivering new opportunities.
Over the last 20 years, John has worked in a number of high-profile roles for large companies across the North East including ICI and Sembcorp. At ICI, he was the electricity buyer and latterly managed their European energy purchasing.
View LinkedIn profileWant to find out whether a Virtual PPA structured under a licence exemption could work for you? Contact Retricity to discuss your generation or offtake requirements.