ShineHub – VPP Launch Offer – Terms and Conditions

  1. Introduction

  1. This Shinehub – VPP Launch Offer – Terms and Conditions ("VPP Deal") is a part of the GTL Renewable Energuard Product Agreement ("Energuard Agreement").
  1. In this VPP Deal, we will refer to:

  1. GTL Renewable Pty Ltd A.C.N. 605 007 350 as "GTL"; and

  2. The customer named under the GTL Renewable Energuard Product Agreement as “you”.

  1. Precondition of VPP Deal

  1. This VPP Deal is not applicable unless and until:

  1. You enter into a Virtual Power Plant Services Agreement (“VPP Services Agreement”) with Shine Hub Pty Ltd A.C.N. 614 356 302 (“Shine Hub”) (or a Virtual Power Plant Service Provider approved by Shine Hub in writing) to provide you with Virtual Power Plan Services; and

  2. You enter into an Electricity Retail Agreement (“Retail Agreement”) with an Electricity Retail Provider approved by Shine Hub in writing to provide electricity supply services.

  1. VPP Deal

  1. Provided that you continue to engage Shine Hub for VPP services and Powershop for electricity retail services and comply with the VPP Services Agreement and Retail Agreement, GTL will charge you at the Discounted Monthly Rate, instead of Normal Monthly Rate.

  1. Ending of VPP Deal

  1. GTL will start to charge you Normal Monthly Rate, where you:

  1. cease to engage a Shine Hub approved VPP or Electricity Retailer for the provision of VPP services or electricity retail services;

  2. engage a VPP service provide or electricity retailer other than Shine Hub or a Shine Hub approved VPP or Electricity Retailer;

  3. you breach the conditions of either the VPP Services Agreement or the Retail Agreement; and

  4. you breach the GTL Renewable Energuard Agreement.

  1. Calculation of Buy Out Charge

  1. For the avoidance of any doubt, your buy out charge under the GTL Agreement will be based on the Normal Monthly Rate, instead of Discounted Monthly Rate under this Special Deal.