Are you aware of the ‘Take or Pay’ clause included in fixed energy contracts?
The ‘Take or Pay’ clause leaves businesses susceptible to penalty charges if their consumption is 20% under or over their contracted energy usage.
If your consumption has dramatically increased or decreased over the last 18 months, it will require action to be taken if you are in a fixed contract, to avoid penalty charges.
OEM are raising awareness of the ‘Take or Pay’ clause and volume tolerances often included in the fine print of fixed energy contracts.
If your energy consumption has changed and you are concerned about additional charges, contact us today for no-obligation advice.
Last updated: December 2020