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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.
Indexed Products have a price that changes according to a pre-defined pricing formula based on publicly available indices or information. Indexed products may have a fixed contract term or it can be month-to-month (variable).
A banking term where demand for payment (a check) cannot be honored because there is not money available in the account on which the check was drawn.