Sleeved PPA
A physical corporate PPA in which a licensed electricity supplier sits between the generator and the buyer, “sleeving” the power through its supply licence.
In a sleeved structure, the corporate buyer contracts for the output of a specific asset, but the power is delivered through a licensed supplier. The supplier handles balancing and imbalance exposure, tops up supply when the asset under-delivers, and sells back surplus when it over-delivers — for a sleeving fee.
Sleeving lets a corporate buy power from a named project without becoming a market participant itself. It contrasts with a virtual PPA, where no physical delivery to the buyer takes place and the contract settles financially.
Structuring against this in a live deal?
ETC prices and executes PPAs across GB — founder-led, from indicative quote to signed contract.