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Many of the terms found on Electricity Facts Labels and in Terms of Service documents are in a language all their own. This list of terms, some of which are adapted from definitions provided by the Public Utility of Commission of Texas, can help you better understand industry terms as you shop for electric plans.
A Transmission and Distribution Utility (TDU) surcharge assessed on your electric bill as a way to recover costs for Advanced Metering Systems, sometimes referred to as smart meters. This amount is in addition to a standard metering charge, but it may be bundled in a single line with all other TDU charges on your bill. If itemized separately, this surcharge may appear as "AMS," "Advanced Meter," or combined with the “Energy Efficiency Cost Recovery Factor” (EEC).
An agreement between a Retail Electric Provider (REP) and a customer that allows customers to pay approximately the same amount each month for electricity, with the balance reconciled periodically to account for over or under payments. All REPs are required by the Public Utility Commission of Texas (PUCT) to offer average payment plans.