This office lease clause specifically states the availability of electricity, the pricing, the quantity and the quality of the electricity provided to the demised premises.
The Illinois Electricity Clause specifically states the availability, pricing, quantity, and quality of service provided by electricity suppliers in the state. It is a key component of electricity contracts in Illinois, ensuring transparency and protection for consumers and businesses alike. The clause outlines important details related to the electricity service, enabling consumers to make informed decisions when selecting their electricity supplier. Availability: The availability aspect of the clause emphasizes that the electricity service will be accessible to consumers throughout the agreed-upon contract period. It ensures that the supplier will maintain a reliable and uninterrupted supply of electricity without substantial disruptions or outages. This commitment is crucial for businesses that rely heavily on electricity for their operations. Pricing: The pricing component of the clause outlines the rates, fees, and charges associated with the electricity service. It specifies the pricing structure agreed upon between the supplier and the consumer, whether it is a fixed rate, variable rate, or a combination of both. The clause also mentions any applicable taxes, surcharges, or additional fees which might impact the overall cost of the electricity service. Quantity: The quantity aspect of the clause determines the amount of electricity that will be supplied to the consumer. It mentions the agreed-upon capacity or load that the supplier will provide, typically measured in kilowatt-hours (kWh) or another relevant unit of measurement. This ensures that the consumer will receive the necessary quantity of electricity to meet their energy demands. Quality of Service Provided: The clause addresses the quality standards that the electricity service must adhere to. It specifies guidelines regarding voltage levels, power factor requirements, and any other technical aspects that impact the quality of the electricity supplied. This ensures that the electricity provided is stable, consistent, and meets industry standards. Different Types of Illinois Electricity Clauses: 1. Fixed-Rate Electricity Clause: This type of clause establishes a fixed price for the electricity service during the contract term. The rate remains unchanged regardless of fluctuations in the wholesale energy market, providing stability to consumers. 2. Variable-Rate Electricity Clause: In contrast to the fixed-rate clause, the variable-rate clause allows the electricity price to fluctuate in response to market conditions. The pricing may change periodically, typically on a monthly basis, meaning the consumer's electricity costs can vary. 3. Renewable Energy Clause: Some electricity contracts in Illinois include a specific clause highlighting the use of renewable energy sources. These clauses provide information about the extent to which the electricity supplied is generated from renewable sources such as wind, solar, hydro, or biomass energy. 4. Commercial Electricity Clause: This type of clause is tailored towards the needs of commercial consumers. It may include additional provisions related to demand response programs, capacity charges, or specific requirements for large-scale electricity usage. In conclusion, the Illinois Electricity Clause is a vital component of electricity contracts in Illinois. It encompasses aspects such as availability, pricing, quantity, and quality of service provided. Different types of clauses, such as fixed-rate, variable-rate, renewable energy, and commercial electricity clauses, further refine the terms and conditions based on specific consumer requirements.
