The SunContract PREMIUM package is a more sophisticated or complex offer, and like SIMPL, it too is available to both energy producing customers, as well as commercial and industrial consumers of energy.

With SunContract SIMPL, customers could not take advantage of the fluctuations of the wholesale energy exchange prices since they were locked into a fixed contract price for the duration of their contract — one year.

With SunContract PREMIUM, customers can take adavantage of the fluctuations in the wholesale energy exchange prices, but are still protected by some mechanisms we’ve put in place which we’ll disucss below.

⚡️SunContract PREMIUM for Producers:

This offer includes the purchase of the entire year’s quantity of electricity at a contract price — protected by a reference price. For better understanding, we will define these terms.

SunContract PREMIUM Contract Price for Producers:

The contract price is the binding price used to calculate purchase of electricity from producers on the platform. In the case of SunContract PREMIUM for Producers, the contractual price is based on the hourly price on the BSP spot market (wholesale energy exchange), minus a certain percentage margin for deviations.

In this article, we will assume that the cost for deviations is 10%.

PREMIUM Contract Price for Producers = BSP Spot - 10%%

PREMIUM Reference Price for Producers:

The contract price is then secured by a quarterly, pre-determined price (the reference price). The reference price is a non-binding price from which the profits on SunContract marketplace are calculated due to the possibilities offered by the marketplace. It is used (in the case of a guaranteed minimum price agreement) to determine a minimum price payable to the producer.

For example, if the current monthly traded contract price (BSP Spot - 10%) is below the reference price, the reference price shall apply for that month and the producer will be paid according to the reference price. However, if the contract price (BSP Spot-10%) skyrockets, the producer can take advantage of these fluctuations and will be paid the contract price, and not the reference price which acts as a bottom/minimum payable fee.

The advantage of this offer is that if the energy exchange (BSP Spot) prices skyrocket, producers do not remain bound to a fixed contract price set for the year ahead (as in the case of SunContract SIMPL Package). Instead, they can sell electricity at the current energy exchange prices (BSP Spot-10%). And if this contract prices (BSP-10%) fall, they are protected by the minimum payable reference price.

Regardless of the contractual price, producers can additionally raise their selling prices on the SunContract marketplace with the direct sale to the buyers with P2P agreements. Up until now, producers have been able to raise their prices by up to 20 %.