What happens if I need a gap before continuing my contract? Are there any alternatives?

If you need to break your contract temporarily you may do so. There are a couple of alternatives.

1. We will have to charge you an early termination fee for this. Once you setup and switch your new premises over to Ohm, drop us a note and we will refund you the amount of early termination fee that we have charged you originally.

2. If you know the dates that you need to do so, you can choose to change the price plan to a no-contract price plan during your renewal period so that you are not locked into a new contract again.

In order for us to offer you a Fixed price or Fixed Discount contract, there are costs involved for us to perform hedging using financial instruments for the duration of the contract.

For every contract that our customers sign up with us, we have to purchase electricity futures for to hedge against the fluctuating wholesale electricity prices. For contracts that are terminated early, there are costs incurred to unwind the electricity futures contract. This is why there is an early termination fee clause in our contract-term plans and this is also stated in the Electricity Supply Agreement during the sign up process with us.