Shaped PPA
A PPA in which delivery follows a profile agreed up front — sitting between pay-as-produced and baseload, with the residual shape risk priced into the contract.
A shaped PPA fixes a delivery profile in advance — for example monthly or seasonal volumes reflecting the buyer’s demand or the asset’s expected generation — rather than following actual output (pay-as-produced) or a flat block (baseload).
Shaping allocates part of the profile risk to each side: the seller commits to a firmer profile than PaP, while the buyer accepts a profile that is not perfectly flat. Where the boundary sits, and how the residual shape risk is priced, is one of the main negotiation points in structuring.
Structuring against this in a live deal?
ETC prices and executes PPAs across GB — founder-led, from indicative quote to signed contract.