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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.
Term referring to the production of electricity. In Texas, electricity is produced by a number of methods including natural gas, coal, nuclear power, wind, water and solar sources.
Electricity that is made from renewable, "environmentally friendly" fuel resources, such as wind, water, biomass or solar. Information about a Retail Electric Provider's (REP) generation sources can be found on any electric plans’ Electricity Facts Label.
(May also be called: Renewable Energy)
The "green premium" is defined as the average monthly cost for 100 percent renewable plans of a given contract length (for example, one year), less the average monthly cost for plans with less than 100 percent renewable content and based on the assumed usage profile for a 12,000 per-kilowatt-hour/year user. The green premium may be thought of as an answer to the question: "On average, how much more per month would the average monthly payment be for a 100 percent renewable version of a plan with the same contract length?"
100% renewable plan at $104.07/month
less Non-100% renewable plan at $100.00/month
Green Premium of $ 4.07/month