Energy Flux Limited — Terms of Service

Last updated: May 2026

For billing, subscriptions, and all other enquiries, email us by clicking here.

These Terms of Service govern your access to and use of Energy Flux content, products, subscriptions, digital services, data, models, charts, tools, newsletters, presentations and any associated materials made available by Energy Flux Limited.

By subscribing to, purchasing, accessing, or using Energy Flux, you agree to these Terms.

If you purchase or access Energy Flux on behalf of a company, institution, partnership, fund, agency, public body, or other organisation, you confirm that you have authority to bind that organisation to these Terms. In that case, “you” and “your” refer to both you individually and the organisation on whose behalf access is purchased or used.

1. Nature of Content — No Investment Advice

All content published or distributed by Energy Flux, including but not limited to articles, analysis, commentary, data models, indices, trackers, charts, presentations, spreadsheets, PDFs, slide decks, software tools and any associated digital materials, is provided strictly for general informational, educational and journalistic purposes only.

Nothing published by Energy Flux constitutes, or should be construed as, investment advice, financial advice, trading advice, tax advice, legal advice, accounting advice, or a recommendation or solicitation to buy, sell, hold, hedge, trade, finance, invest in, or otherwise transact in any commodity, security, derivative, financial instrument, physical energy product, capacity right, contract, asset or commercial position.

You acknowledge that:

• Energy Flux is a journalistic and market intelligence publication, not a regulated financial adviser, broker, investment firm, commodity trading adviser, trading venue, exchange, broker-dealer, legal adviser or tax adviser.
• Any commercial, trading, investment, hedging, procurement, policy or operational decision you make after reading or using Energy Flux content is made entirely at your own risk and discretion.
• You should seek independent professional advice from a suitably qualified adviser before making any investment, trading, hedging, procurement, legal, tax or commercial decision.

2. Definitions

In these Terms:

“Energy Flux”, “we”, “us” and “our” mean Energy Flux Limited.

“Customer” means the individual or organisation that purchases, receives, or is granted access to Energy Flux.

“Authorised User” means an individual person authorised under a valid subscription, licence, order form, invoice, enterprise agreement or written agreement with Energy Flux to access Energy Flux Materials.

“Materials” means all content, data, analysis, proprietary models, indices, trackers, tools, software, source code, visual assets, branding, logos, layouts, newsletters, articles, presentations, charts, spreadsheets, PDFs, slide decks, audio, video and other digital materials published, distributed or made available by Energy Flux.

“Order” means any checkout purchase, subscription plan, invoice, quote, order form, renewal notice, written agreement, email agreement or other document setting out the subscription, licence, price, billing period, number of users, access rights or other commercial terms agreed between you and Energy Flux.

Where an Order conflicts with these Terms, the Order shall take precedence only on commercial details such as price, subscription term, number of seats, billing method and renewal period. These Terms shall continue to apply in all other respects unless expressly varied in writing by Energy Flux.

3. Subscription Types and Licence Scope

Energy Flux may provide access through single-user subscriptions, multi-user subscriptions, enterprise licences, trial access, complimentary access, promotional access, or other licence arrangements agreed in writing.

Single-user subscriptions

A single-user subscription grants one named individual a limited, non-exclusive, non-transferable, revocable licence to access and read Energy Flux Materials for that individual’s own personal or internal business use only.

A single-user subscription may not be shared, pooled, forwarded, circulated, used by a team, used by multiple employees, or accessed through a shared inbox or shared login.

Multi-user and group subscriptions

A multi-user or group subscription grants access only to the number of named Authorised Users specified in the relevant Order, invoice, agreement or written confirmation from Energy Flux.

Unless expressly agreed in writing, a multi-user licence:

• applies only to named Authorised Users within the same organisation;
• does not extend to affiliates, parent companies, subsidiaries, clients, consultants, advisers, contractors, portfolio companies, investors, customers or other third parties;
• does not permit general internal redistribution across the Customer’s organisation;
• does not permit use by shared teams, desks, departments or mailing lists unless each recipient is an Authorised User; and
• does not permit posting Energy Flux Materials on an intranet, shared drive, collaboration platform, internal research portal, data room, chat channel or document management system unless expressly authorised in writing.

The Customer is responsible for ensuring that all Authorised Users comply with these Terms.

Seat changes

For multi-user subscriptions, the Customer may request reasonable changes to named Authorised Users during the subscription term. Seat reassignment is permitted where an Authorised User leaves the organisation or changes role, but may not be used to rotate access among multiple individuals in order to avoid purchasing additional seats.

Energy Flux may require the Customer to confirm the identity and email address of Authorised Users from time to time.

4. Subscription, Payment and Billing

By purchasing or accepting access to Energy Flux, you agree to pay all fees specified at checkout, in an Order, on an invoice, in a quote, or otherwise agreed in writing.

Energy Flux may accept payment by credit card, debit card, online payment processor, invoice, bank transfer, or any other method agreed by Energy Flux.

Card payments

Where you pay by card or online payment processor, payment is due immediately unless otherwise stated.

If your subscription renews automatically, you will be charged at the then-current rate at the start of each renewal period unless you cancel before the renewal date.

Invoice and bank transfer payments

Where Energy Flux agrees to payment by invoice or bank transfer, payment is due by the date stated on the invoice. If no payment date is stated, payment is due within 14 days of the invoice date unless otherwise agreed in writing.

All bank transfer fees, currency conversion charges, intermediary bank charges and similar payment costs are your responsibility. Energy Flux must receive the full invoiced amount in cleared funds.

Energy Flux may withhold, suspend or terminate access until payment has been received in full.

If access is granted before payment is received, this does not waive Energy Flux’s right to payment.

Purchase orders

If your organisation requires a purchase order number, vendor onboarding process, procurement approval or similar internal process, you are responsible for arranging this promptly. Your internal procurement requirements do not delay or reduce your obligation to pay an invoice by its due date unless Energy Flux has expressly agreed otherwise in writing.

Taxes

Fees are exclusive of VAT, sales tax, withholding tax, transfer tax, duties and similar taxes unless stated otherwise. You are responsible for all applicable taxes, except taxes based on Energy Flux’s income.

If you are required by law to withhold or deduct tax from any payment, you must increase the payment so that Energy Flux receives the full amount it would have received had no withholding or deduction been required, unless prohibited by law.

5. Renewals, Cancellations and Expiry

Subscription terms run for the period selected at checkout or specified in the relevant Order, invoice or agreement.

Automatically renewing subscriptions

If your subscription renews automatically, it will continue until cancelled. You must cancel before the renewal date to avoid being charged for the next subscription period.

Cancellation stops future renewals. It does not entitle you to a refund for the current subscription period unless required by law or expressly agreed by Energy Flux in writing.

Invoice-based subscriptions

Unless expressly stated otherwise in the relevant Order or agreement, invoice-based subscriptions do not automatically renew merely because a previous subscription was paid by invoice.

Energy Flux may send a renewal quote, renewal invoice or renewal notice before expiry. A renewal becomes binding when accepted by the Customer, paid by the Customer, confirmed in writing by the Customer, or otherwise agreed between the parties.

Energy Flux may suspend access when an invoice-based subscription expires or remains unpaid.

6. No Refunds

Except where required by applicable law or expressly agreed by Energy Flux in writing, all subscription payments are final and non-refundable.

You acknowledge that Energy Flux provides digital content and services that may be made available immediately after purchase, subscription activation, invoice acceptance or account creation.

Where you are a consumer and applicable law gives you a cancellation right, immediate access to digital content may only begin where you expressly request immediate supply and acknowledge that you may lose your statutory right to cancel once supply begins.

Nothing in these Terms affects any statutory rights that cannot lawfully be excluded or limited.

7. Failed Payments, Late Payments and Payment Disputes

If any payment fails, is reversed, remains unpaid after the due date, or is subject to a payment dispute, Energy Flux may suspend or terminate access until the issue is resolved.

For business customers, Energy Flux may charge interest and debt recovery costs on late payments to the fullest extent permitted by applicable law, including statutory interest and fixed recovery costs where available.

You must not initiate a false, abusive or bad-faith chargeback, payment dispute or reversal in relation to a valid Energy Flux subscription or invoice.

If you have a billing concern, you should contact Energy Flux directly using the contact details provided on our website. This does not limit any statutory rights or payment dispute rights that cannot lawfully be excluded.

8. Intellectual Property

All Materials are the exclusive intellectual property of Energy Flux Limited or its licensors and are protected by copyright, database rights, trade mark rights and other applicable intellectual property laws.

All rights are reserved.

Except as expressly permitted by these Terms or agreed in writing by Energy Flux, no Materials may be reproduced, copied, redistributed, republished, uploaded, posted, displayed, transmitted, adapted, translated, sold, licensed, sublicensed, scraped, extracted, stored, archived, incorporated into another product, used to train artificial intelligence systems, or otherwise exploited in whole or in part, in any form or by any means.

Your subscription grants only a limited, non-exclusive, non-transferable, revocable licence to access and use the Materials within the scope of your subscription or agreed licence.

No ownership rights are transferred to you.

9. Permitted Use

Subject to these Terms, Authorised Users may access and read Energy Flux Materials for their own personal use or the Customer’s internal business purposes.

Authorised Users under a multi-user licence may discuss Energy Flux Materials internally with other Authorised Users covered by the same licence.

You may quote brief extracts from publicly available, non-paywalled Energy Flux content for fair commentary, discussion or reference, provided that Energy Flux is clearly attributed and the quotation does not substitute for the original publication.

Paywalled Materials may not be quoted, summarised, forwarded, reproduced, translated, copied into client notes, included in research products, circulated in market commentary, or otherwise redistributed to any third party without prior written permission from Energy Flux.

10. Restrictions

You agree not to:

• share login credentials or allow any unauthorised person to access Energy Flux;
• allow multiple individuals to access Energy Flux through a single-user subscription;
• forward, copy, screenshot, scrape, download, extract, summarise, reproduce or redistribute Materials except as expressly permitted by these Terms;
• use Materials for the purpose of constructing, training, improving, benchmarking, operating or supporting a competing product, publication, dataset, model, index, tool, service or artificial intelligence system;
• use automated systems, bots, crawlers, scrapers, browser extensions, scripts, data-mining tools or similar technologies to access, download, monitor or extract Materials;
• remove, obscure or alter any copyright, trade mark, watermark, source attribution or proprietary notice;
• bypass, disable or interfere with any access control, paywall, security feature, metering system, authentication process or technical restriction;
• publish or circulate login links, magic links, account access links or subscriber-only URLs;
• misrepresent Energy Flux analysis as your own;
• use Energy Flux Materials in any unlawful, misleading, defamatory or market-abusive manner; or
• use Energy Flux in breach of any applicable law, regulation, market conduct rule, sanctions regime or professional obligation.

11. Data, Models and Outputs

Any proprietary data, index values, model outputs, derived metrics, charts, calculations, analytical frameworks, methodologies or tools published by Energy Flux remain the intellectual property of Energy Flux Limited, regardless of the format in which they are accessed or consumed.

You may not extract, reproduce, store, copy, reverse-engineer, benchmark, resell, republish, redistribute or incorporate Energy Flux data, models or outputs into another product, model, database, dashboard, research service, trading system, risk system, newsletter, client report or commercial workflow without prior written permission.

Energy Flux may update, revise, remove, discontinue or correct any data, model, index, output, chart, methodology or tool at any time.

12. Third-Party Content and Links

Energy Flux content may reference, cite, summarise or link to third-party data, reports, websites, platforms, publications, exchanges, agencies or other external sources.

Energy Flux does not control and is not responsible for third-party content, data, availability, methodology, accuracy, licensing terms, security or privacy practices.

Your use of third-party resources is at your own risk and may be subject to separate terms and conditions.

13. Forward-Looking Statements, Forecasts and Scenario Analysis

Energy Flux Materials may contain forward-looking statements, forecasts, projections, assumptions, scenario analyses, model outputs, estimates or opinions about future events.

These reflect the author’s views and assumptions at the time of publication and are inherently uncertain. Actual outcomes may differ materially.

Energy Flux accepts no obligation to update, revise or correct forward-looking statements, forecasts, projections, model outputs or scenario analyses except at its own discretion.

14. Availability and Changes to the Service

Energy Flux provides its Materials and services on an “as is” and “as available” basis.

Energy Flux may update, modify, suspend, withdraw, replace or discontinue any part of the service at any time, including newsletters, archives, models, datasets, tools, charts, features, formats, delivery methods and publication schedules.

Energy Flux does not guarantee uninterrupted access, error-free operation, permanent availability of archives, compatibility with any specific device or software, or continued availability of any specific content, tool, model, dataset or feature.

15. Account Security

You are responsible for maintaining the confidentiality and security of your account, login credentials, access links and email account.

You must notify Energy Flux promptly if you become aware of any unauthorised access, credential sharing, account compromise or suspected breach of these Terms.

Energy Flux may suspend or restrict access where it reasonably suspects unauthorised access, credential sharing, excessive use, automated access, redistribution or other misuse.

16. Confidentiality of Commercial Terms

Unless publicly advertised by Energy Flux, pricing, discounts, seat counts, licence terms, invoice terms, enterprise terms and other commercial arrangements agreed with you are confidential and may not be disclosed to third parties without Energy Flux’s prior written consent, except where disclosure is required by law, regulation, audit, professional advisers or internal procurement processes.

17. No Warranties

To the fullest extent permitted by applicable law, Energy Flux excludes all warranties, representations, conditions and guarantees, whether express or implied, including but not limited to warranties of accuracy, completeness, timeliness, availability, merchantability, fitness for a particular purpose, non-infringement and suitability for any trading, investment, hedging, procurement, operational, legal, regulatory or commercial decision.

Energy Flux does not warrant that any Material is accurate, complete, current, uninterrupted, secure, error-free or free from viruses or other harmful components.

18. Limitation of Liability

Nothing in these Terms excludes or limits liability that cannot lawfully be excluded or limited, including liability for death or personal injury caused by negligence, fraud or fraudulent misrepresentation, or any liability that cannot be excluded under applicable law.

Subject to the above, Energy Flux Limited, its directors, officers, employees, contributors, contractors and affiliates shall not be liable for any direct, indirect, incidental, special, consequential, exemplary or punitive damages, or any loss of profits, revenue, goodwill, anticipated savings, contracts, business, opportunity, data, use, reputation or market position, arising out of or in connection with:

• your use of, or reliance on, any Energy Flux Materials;
• any trading, investment, hedging, procurement, policy, operational or commercial decision;
• any errors, omissions, inaccuracies, delays or interruptions;
• any third-party content, data, platform, service or website;
• any market movement, price movement, supply disruption, regulatory action or geopolitical event;
• any unauthorised access, credential sharing or misuse of your account; or
• any suspension, withdrawal, discontinuation or modification of the service.

For business customers, the maximum amount Energy Flux Limited may be required to pay in respect of all claims arising out of or in connection with these Terms, any Order, any subscription, and the Customer’s or any Authorised User’s use of Energy Flux shall be limited to the total fees actually paid by the Customer to Energy Flux for the relevant subscription during the 12 months preceding the event giving rise to the claim.

For consumers, nothing in these Terms affects statutory rights that cannot lawfully be excluded or limited.

19. Termination and Suspension

Energy Flux may suspend, restrict or terminate access immediately, without notice and without refund, if it reasonably believes that you or any Authorised User have:

• breached these Terms;
• failed to pay any amount when due;
• shared credentials or access links;
• allowed unauthorised access;
• redistributed, copied, scraped or misused Materials;
• exceeded the scope of your subscription or licence;
• initiated a false, abusive or bad-faith chargeback or payment dispute;
• used Energy Flux in breach of applicable law; or
• acted in a way that may harm Energy Flux, its systems, its intellectual property, its reputation or its commercial interests.

Termination or expiry of your subscription does not affect any rights or obligations that accrued before termination or expiry.

Clauses concerning intellectual property, payment obligations, restrictions, confidentiality, no investment advice, disclaimers, limitation of liability, governing law and jurisdiction shall survive termination or expiry.

20. Force Majeure

Energy Flux shall not be liable for any delay, failure, interruption or non-performance caused by events beyond its reasonable control, including but not limited to failure of hosting providers, payment processors, email service providers, analytics providers, data vendors, internet infrastructure, cyber incidents, power outages, strikes, regulatory actions, war, terrorism, civil unrest, natural disasters, pandemics or other events outside its reasonable control.

21. Notices

Energy Flux may contact you by email, through the website, through your account, through invoice correspondence, or by any other contact method you have provided.

You are responsible for keeping your contact details accurate and up to date.

Formal notices to Energy Flux should be sent to the contact details provided on the Energy Flux website or to any other address notified by Energy Flux for that purpose.

22. Modifications to These Terms

Energy Flux may update these Terms from time to time.

Continued use of Energy Flux after updated Terms take effect constitutes acceptance of the revised Terms.

Material changes will be communicated by the website, email or another reasonable method.

If you do not agree to the revised Terms, you must stop using Energy Flux and, where applicable, cancel your subscription before the next renewal date.

23. Assignment

You may not assign, transfer, sublicense or delegate any subscription, licence, account, Order or rights under these Terms without prior written consent from Energy Flux.

Energy Flux may assign or transfer its rights and obligations under these Terms in connection with a merger, acquisition, restructuring, sale of assets, corporate reorganisation or transfer of business.

24. Severability

If any provision of these Terms is held to be invalid, unlawful or unenforceable, the remaining provisions shall continue in full force and effect.

The invalid, unlawful or unenforceable provision shall be deemed modified to the minimum extent necessary to make it valid, lawful and enforceable, or, if that is not possible, shall be treated as deleted.

25. Entire Agreement

These Terms, together with our Privacy Policy and any applicable Order, invoice, licence agreement, enterprise agreement or written agreement, constitute the entire agreement between you and Energy Flux Limited with respect to your access to and use of Energy Flux.

They supersede all previous discussions, correspondence, representations, understandings or agreements relating to the same subject matter.

26. Governing Law and Jurisdiction

These Terms, any Order, and any dispute or claim arising out of or in connection with them shall be governed by and construed in accordance with the laws of England and Wales.

The courts of England and Wales shall have exclusive jurisdiction over any dispute or claim arising out of or in connection with these Terms, any Order, or your use of Energy Flux, subject to any mandatory consumer law rights that apply in your country of residence.

For billing, subscriptions, and all other enquiries, email us by clicking here.