Consumption Target Adjustment

9.13  For each Contract Year (or part Contract Year) following the expiry of the Initial Phase, the actual consumption of each Utility over the previous Contract Year (or part year) will be calculated and compared to the relevant Consumption Target for that Contract Year (or part year).  The relevant Consumption Target in respect of a part Contract Year will be an agreed target that makes allowance for normal seasonal energy usage for the months that comprise that part Contract Year.

9.14  The Contractor will bear all costs associated with the actual consumption being up to 10% greater than the annual Consumption Target (or the agreed target for a part Contract Year) and will retain any benefit resulting from the actual consumption being up to 10% below the relevant target.

9.15  Where actual consumption in the previous Contract Year (or part Contract Year) for a Utility was more than 10% greater than, or more than 10% lower than, the annual Consumption Target (or agreed target for a part Contract Year), the Consumption Target Adjustment will be calculated as follows:

Where: