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Energy Sales Contract Compliance Checklist

Ensure seamless energy sales and avoid costly penalties! This checklist streamlines contract adherence, minimizes risk, and boosts operational efficiency for energy providers.

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Contract Initiation & Negotiation

1 of 10

Review and verification of initial contract terms and negotiation records.

Contract Initiation Date

Summary of Initial Negotiation Points

Contract Type (e.g., PPA, Wholesale)

Initial Contract Term (Years)

Counterparty Name

Initial Contract Draft

Legal & Regulatory Approvals

2 of 10

Tracking and documentation of all necessary legal and regulatory approvals.

Application Submission Date

Regulatory Body Involved

Application Reference/Tracking Number

Approval/Permit Expiration Date

Approval Status

Uploaded Approval Document

Pricing & Payment Terms

3 of 10

Verification of pricing structure, payment schedules, and invoicing accuracy.

Contracted Price per Unit

Effective Date of Pricing

Payment Term (Days)

Payment Method

Invoice Amount

Invoice Due Date

Late Payment Fee Amount

Service Level Agreements (SLAs)

4 of 10

Monitoring and documentation of SLA adherence and resolution of breaches.

Uptime Percentage (Target)

Downtime Duration (Maximum Allowed)

Last SLA Review Date

Response Time to Incident (Target)

SLA Performance Rating (Current)

Summary of SLA Breaches (if any)

Supporting Documentation (e.g., Performance Reports)

Supply & Delivery

5 of 10

Verification of supply chain integrity, delivery schedules, and quality control.

Scheduled Delivery Date

Scheduled Delivery Time

Quantity Delivered

Quantity Short/Over

Delivery Condition

Delivery Notes/Comments

Delivery Documentation (e.g., Bill of Lading)

Delivery Location Verified

Metering & Reporting

6 of 10

Accuracy of meter readings, reporting procedures, and data validation.

Meter Reading - Current Period

Meter Reading - Previous Period

Energy Delivered (kWh)

Invoicing Quantity (kWh)

Meter Reading Date

Time of Reading

Meter Status

Meter Reading Notes (e.g., discrepancies, anomalies)

Contract Amendments & Renewals

7 of 10

Documentation of contract amendments, renewal processes, and termination procedures.

Original Contract Expiration Date

Amendment/Renewal Effective Date

Renewal Term (Years)

Summary of Contract Amendments

Amendment/Renewal Document

Renewal Type

Authorized Signatory (Renewal)

Compliance with Energy Regulations

8 of 10

Adherence to relevant energy market rules, environmental regulations, and safety standards.

Applicable Regulations (e.g., FERC, NERC, State Laws)

Specification of ‘Other’ Regulations (If selected above)

Last Regulatory Compliance Training Completion Date

Permit Expiration Date (Year)

Uploaded Regulatory Compliance Documentation (Permits, Certificates)

Confirmation of Adherence to Current Regulations

Contract Performance Monitoring

9 of 10

Analysis of contract performance metrics, identification of areas for improvement, and risk mitigation.

Energy Delivered (MWh)

Contracted Price ($/MWh)

Actual Price Realized ($/MWh)

Price Deviation from Contract (%)

Date of Performance Measurement

Performance Rating (Overall)

Notes on Performance Deviations & Actions Taken

Record Keeping & Audit Trail

10 of 10

Maintenance of complete and accurate records of all contract-related activities for auditing purposes.

Record Creation Date

Summary of Key Contract Terms

Scanned Contract Document

Contract Value (USD)

Contract Reference Number

Last Audit Date

Audit Comments / Findings

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