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Final Stage

At its June 2023 meeting the Committee recommended that the IASB undertake a narrow-scope standard-setting project to clarify how entities apply the own-use exception in IFRS 9 to physical PPAs for the delivery of renewable energy. The IASB discussed whether to add such a project to its work plan and, if so, what the scope and priority of that project could be. The IASB also considered stakeholders’ concerns about the accounting for virtual PPAs.

In July 2023 the IASB tentatively decided to add a project to the work plan to research whether narrow-scope amendments could be made to IFRS 9 to better reflect how financial statements are affected by PPAs. Details of this new project on Power Purchase Agreements can be found on the project page.