Variable Price Plans Sample Clauses
A Variable Price Plans clause establishes that the prices for goods or services under the agreement may fluctuate over time based on specified factors or market conditions. Typically, this clause outlines the mechanisms for adjusting prices, such as linking them to commodity indices, inflation rates, or supplier costs, and may set limits on how often or by how much prices can change. Its core practical function is to provide flexibility for both parties to adapt to changing economic circumstances, thereby managing the risk of price volatility and ensuring the contract remains fair and sustainable throughout its term.
Variable Price Plans. THIS SECTION 5.2 IS ONLY APPLICABLE TO CUSTOMERS ON A VARIABLE PRICE PLAN (which also includes customers whose fixed price plan has expired without renewal and whose plan has therefore been converted into a variable price plan pursuant to Section 5.1). If you selected a variable price plan, the price for Generation Supply for your first month of service is set forth in your Enrollment Authorization, and the price you pay for electricity after your first month of service (your “energy charge”) will vary each month based on YEP’s prevailing market costs of energy, capacity, Transmission Charges, the amount of your “Retail Service Charge” and gross receipts tax. If you had enrolled in a fixed price plan and your term has expired without renewal such that you’ve been placed on a variable price plan pursuant to Section 5.1, then the price you pay for electricity (your “energy charge”) will vary each month based on YEP’s prevailing market costs of energy, capacity, Transmission Charges, the amount of your Retail Service Charge and gross receipts tax. For all variable plans, any other taxes (aside from gross receipts tax) and Distribution Charges will be passed through to you at YEP’s cost. Retail Service Charges include congestion, line losses, ancillaries, renewable portfolio charges, and a reasonable profit margin determined by us from time to time in good faith. The Retail Service Charge may change for each billing period but will never exceed $0.055 per kW/h. Your variable price may vary on a monthly basis with no advance notice, but as a form of low price assurance, and because YEP values your loyalty, if you are ever unsatisfied with your plan during the variable period, you will have the right to cancel this Agreement without penalty in accordance with the procedures for cancellation set forth in Section 8 below. To learn your current variable price, please call us at ▇▇▇-▇▇▇-▇▇▇▇.
Variable Price Plans. You will buy your electricity generation service from YEP, for the street address(es) specified in your Enrollment Authorization, beginning on the Effective Date through the date upon which you cancel your Agreement. After your first month of service, your service with YEP will continue on a month-to-month basis until cancelled by you or YEP as described in Section 8 below.