View source for Contracts referencing nature-dependent electricity

''IFRS 9 - fair value accounting - exemptions - own use.''

For the purposes of IFRS 9, a contract referencing nature-dependent electricity means a contract that exposes an entity to variability in an underlying amount of electricity - referenced in the contract - because the source of its generation depends on uncontrollable natural conditions (such as the weather).

Examples include solar and wind-power electricity generation.


== See also ==
* [[Contract]]
* [[Derivative]]
* [[Fair Value Adjustment]]
* [[Financial instrument]]
* [[FVTPL]]
* [[Hedge accounting]]
* [[IAS 32]]
* [[IAS 39]]
* [[IFRS 9]]
* [[IFRS 15]]
* [[International Accounting Standards Board]]  (IASB)
* [[Net settlement]]
* [[Own use]]
* [[Power purchase agreement]]  (PPA)
* [[Reporting entity]]
* [[Swap]]
* [[Underlying]]
* [[Virtual power purchase agreement]]  (VPPA)


==Other resource==
*[https://kpmg.com/us/en/articles/2024/own-use-scope-exemption-ifrs-accounting-standards.html Own use exemption under IFRS Accounting Standards - Objective, scope, and practical implications for power purchase agreements (PPAs) - KPMG - March 2024]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:The_business_context]]

[[Category:Accounting,_tax_and_regulation]]
[[Category:Financial_products_and_markets]]
[[Category:The_business_context]]