Common use of Fixed Rate Clause in Contracts

Fixed Rate. You agree to pay Think the Fixed Rate, as specified in your Contract Summary or your renewal notice (the “Rate”) for your electric generation supply service. Your Fixed Rate will not change during the Term of this Agreement. The electric generation supply service you buy from Think will be included in your EDC’s monthly bill. Your EDC will read your meter and bill for electricity and distribution services, as well as various other charges. Think’s Fixed Rate includes estimated current total state taxes, including New Jersey Sales and Use Tax, but excludes other state and local taxes. Think’s Fixed Rate does not include EDC distribution charges, which are separate amounts that you must pay your EDC. The price may be higher than your EDC's Price to Compare. Think does not guarantee that we will provide any savings for electricity as compared to what the EDC would charge. After the expiration of the Term of this Agreement, the rate will change to a different fixed rate, which may be higher or lower than the Fixed Rate you pay during the Term, if you do not respond to the Renewal Notice.