"It scared me to death at first, until I looked at it properly," says Martin Diaper who runs Bar 62, and agrees that something has to be done.
"I think it will deter the premises that are doing the stupid drinks offers. They had to do something, it was going crazy."
But not everyone is as enthusiastic - Jane Ganley runs another bar in town called Vogue and has mixed views about the plans.
"I think it is going to cause more problems because more people are going to jump the queue and aggravate others," she says.
But she agreed charging more for drinks will cut down on the amounts of alcohol being consumed.
"If you get 2-4-1s there are going to be people drinking double the amount for less - if drinks are full price then they are going to drink slower," she adds.
Cllr Mark Allcock, from Oldham town council, says its plans are aimed at slowing down the consumption of alcohol and reducing binge drinking.
"It's about trying to get people to drink in moderation," he explains.
Jane Ganley who runs Vogue think the bar model would cause more trouble
But Oldham council hopes the new conditions will not be needed at all because bars will agree to stay above 75p a unit instead.
"What we are trying to do is work with the law", says Mr Alcock, "We are trying to work with the licensees - and we are actually achieving that unit price."
One city where tackling happy hour is already having an impact is Edinburgh.
In Scotland there will be a ban on irresponsible drinks promotions in bars from next month, but owners have already anticipated this move and many have stopped them already. Panorama was told this has led to a 20% reduction in violent crime in the city.
But Oldham could still be the first town in the UK to effectively push for a minimum price in bars.
Last year, research published by Sheffield University - and commissioned by the Department of Health - concluded increasing the price of alcohol would be one of the most effective measures to tackle alcohol abuse.
The Sheffield team found that a 50p minimum price would lead to a cut of 7% in alcohol consumption across the board and 10% cut among heavy drinkers.
However, the government rejected the 50p figure proposed by England's chief medical officer Sir Liam Donaldson, because it is unfair on the "average drinker".
Panorama: The Truth About Happy Hour is on BBC One, Monday 10 August at 8.30pm.
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