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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 fee charged to a customer by a Retail Electric Provider (REP) if the contracted rate plan is terminated by the customer prior to its ending date.
A Retail Electric Provider (REP) that is certified by the Public Utility Commission of Texas (PUCT) to sell electricity to end-use customers. They typically compete for your business by offering competitive prices, renewable energy options, customer service benefits or other incentives.
(May also be called: Competitive Retailer)
The non-profit corporation that administers and maintains the reliability of Texas’ electric power grid. When you select a new Retail Electric Provider (REP), ERCOT will send you a postcard to confirm your switch.
A unique identifier assigned to each point of electricity delivery (for example, a residential address) that is used in the registration and settlement system managed by the Electric Reliability Council of Texas (ERCOT) or another independent organization. You can find this number on your electric bill.
An information sheet required by the Public Utility Commission of Texas (PUCT) that provides consumers with standard information about a specific electric plan. It contains the Retail Electric Provider’s (REPs) company information, contract terms, price, additional fees and renewable energy percentage as it pertains to the plan being selected. The EFL will commonly show how the energy charge and customer charge factor into the plan’s overall price, and ultimately, monthly energy costs.
The portion of a monthly electric bill based on the total consumption of power used multiplied by the cost per kilowatt hour (kWh) during a billing period.
(May also be called: Energy Rate or Energy Price)
A surcharge assessed to recover costs associated with energy efficiency programs that have been approved by the Public Utility Commission of Texas (PUCT). This amount is charged in addition to the standard TDU fee, but it may be bundled into a single line with all other Transmission and Distribution Utility (TDU) charges on the bill. If itemized separately, this surcharge may show up as "EEC," "Energy Efficiency," or even combined with the Advanced Metering System (AMS) charge.