Long-Term Electricity Supply Contracts

10 Power Purchase Agreements

“…"In other words, while still in the distribution system, electricity is a service, not a product; electricity only becomes a product, for purposes of strict liability, once it passes through the customer's meter and into the stream of commerce" 338 Supply gas, namely heat, on the other has been considered as a services contract, when referring to long term power supply agreements. 339 Bailey, 340 on the application of art. 2.º of US Commercial Code, where it is analysed if electricity is "transaction in goods."…”