Common use of Electricity Consumption Clause in Contracts

Electricity Consumption. (a) The Buyer acknowledges and agrees that the Electricity Prices offered in this Agreement are based on the Buyers historical use of electricity at the Site. (b) Change Energy may revise the Electricity Price if, in Change Energy’s reasonable opinion, there has been Material Change in Electricity Consumption. (c) Change Energy will notify the Buyer in writing of any revision to the Electricity Price, and the date it will be effective, required as a result of any Material Change in Electricity Consumption, (d) Within 5 Business Days of the date of Change Energy’s notice referred to in clause 2.2(c), the Buyer must notify Change Energy as to whether it accepts the revised Electricity Price. (e) If the Buyer: (i) notifies Change Energy it accepts the revised Electricity Price; it will apply from the date specified in notice issued under clause 2.2(c); (ii) notifies Change Energy that it does not accept the revised Electricity Price, Change Energy may terminate this Agreement on 10 Business Days’ written notice to the Buyer and clause 10.3 will apply; (iii) fails to respond to Change Energy’s notice issued under clause 2.2(c), then the revised Electricity Price will apply from the date specified in the notice. (f) The Buyer must notify Change Energy as soon as practicable if it anticipates or becomes aware of any Material Change in Electricity Consumption.