Price and Term definition

Price and Term. All Sale Contracts shall specify the price for energy or Natural Gas, as applicable, and the term of the agreement. The term of the Sale Contract binding on IDT may not extend beyond the Planned Term. Payment Provision: Sale Contracts shall require that Customer to make all payments due to the Deposit Account Assignability: Sale Contracts will be assignable by IDT to a lender institution or credit provider, which includes the BP Parties, without the consent of the Customer.

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Price and Term. The price and term of this agreement are set forth in the Electric Facts Label (EFL). The term will begin on the Switch Date and continue for the number of months specified in the EFL. Energy Charges will be calculated by multiplying the price set forth in the Pricing Appendix by the electricity consumed, measured in kilowatt-hours (“kWh”) for each billing period plus other charges (line losses, ancillary services, fuel adjustment charge and other ERCOT charges). The Energy Charges will include costs incurred by the Seller to provide electricity to Buyer, but the price in the Pricing Appendix will increase if required by Seller due to changes in market conditions increasing the wholesale or MCPE price. The Buyer will pay the following additional items which will be listed separately on the invoices:

Price and Term. The price and term of this agreement are set forth in the Electric Facts Label (EFL). The term will begin on the Switch Date set forth on the Pricing Appendix and continue for the number of months specified in the EFL. Energy Charges will be calculated by multiplying the price set forth in the Pricing Appendix by the electricity consumed, measured in kilowatt-hours (“kWh”) for each billing period. The Energy Charges will include costs incurred by the Seller to provide electricity to Buyer, but will include the pricing issued by the Transmission and Distribution Utilities (TDU) not listed herein. The Buyer will pay the following additional items which will be listed separately on the invoices: (1) TDSP Metering Fee and Transition Charge. The tariffs which explain these charges for each TDU can be found at: ▇▇▇.▇▇▇.▇▇▇▇▇.▇▇.▇▇ (2) Taxes: Any federal, state, or local taxes associated with the sale electricity, and (3) any transactional charges, such as meter tests, tampering charges, etc. as billed by the TDU. These taxes include the state Gross Receipts tax and the PUCT Assessment fees. Following the completion of the agreement term, Buyer will automatically transfer to the post term default rate, which rate will be communicated in a separate written notice at least thirty (30) days prior and no more than (60) days prior to the end of the Term. Buyer may contact Seller at any time to request extension of Buyer’s current rate for a longer term or negotiate a new rate for the extended term.

Examples of Price and Term in a sentence

• This Price and Term Appendix constitutes part of and is subject to the terms and provisions of the ESA.

• This Price and Term Appendix may be executed in counterparts, all of which together shall constitute one and the same instrument.

• Competitive Supplier agrees to provide All-Requirements Power Supply and other related services as expressly set forth herein in accordance with the prices and terms included in the then effective Price and Term Appendix to this ESA.

• The Retail Prices set out in any Price and Term Appendix do not include current and future charges collected or assessed by the Local Distributor pursuant to its distribution service tariff, or local transmission costs as may be imposed by NEPOOL, ISO-NE or individual electric utilities that have FERC transmission tariffs or other such distribution and transmission charges.

• Competitive Supplier shall supply electric energy to the Point of Delivery to all Participating Consumers on a non-discriminatory basis pursuant to the prices and terms as set out in the then effective Price and Term Appendix.

• Price and Term Appendix – The Price and Term Appendix substantially in the form of Appendix A hereto, which is then in effect under this ESA, and which amongst other terms sets forth the prices and terms for the provision of All-Requirements Power Supply for consumers in each Rate Class.

• The service under which the Competitive Supplier provides all of the electrical energy, capacity, reserves, and ancillary services, transmission services, transmission and distribution losses, congestion management, Renewable Energy Obligations, and other such services or products, including but not limited to any additional Renewable Energy Certificates, as specified in any Price and Term Appendix, necessary to provide firm power supply to Participating Consumers at the Point of Delivery.

• The ESA may be extended beyond the termination date established in Article 4.1 by mutual, written agreement of the Parties, provided however, any new pricing terms shall be negotiated, and the Parties shall amend this ESA by executing an updated Price and Term Appendix.

• The Retail Price(s) for All-Requirements Power Supply as set out in the then effective Price and Term Appendix shall include (i) a Consultant Fee, payable by the Competitive Supplier to CPG, and (ii) if applicable, an Operational Adder payable by Competitive Supplier to the Aggregator.

• Competitive Supplier agrees that it will offer the optional Products described in the then effective Price and Term Appendix into its provision of All-Requirements Power Supply under this ESA.