Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 2
- Energy Charge means a calculated payment, based on the quantity of electricity used over a predefined period.
Relevant Contract Type
Relevant Circumstances
- Agreement between consumer and energy provider for electricity consumption payment.
- Contract between two businesses on energy consumption and its cost for a particular project.
- Deal between energy provider and consumer on energy conservation and related cost.
Relevant Sectors
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Energy Charge means a fee for each consumed unit of electrical energy, derived from variable or guaranteed electricity price.
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