Common use of Fixed Rate Plan Clause in Contracts

Fixed Rate Plan. You will pay the fixed rate per kWh as specified in your CDS for the length of the Term. Your fixed rate will be no greater than 5% above the LDU’s posted 12-month historical rolling average of LDU default supply rates on the day you execute this Agreement. This rate will remain applicable for the Term regardless of subsequent changes in the LDU’s average rates. You may also pay a monthly administrative fee, the amount of which, if applicable, is disclosed in your CDS.

Fixed Rate Plan. You will pay the fixed rate per kWh Mcf, Ccf, dekatherm or therm, as specified in your CDS for the length of the Term. Your fixed rate will be no greater than 5% above the LDU’s posted 12-month historical rolling average of LDU default supply rates on the day you execute this Agreement. This rate will remain applicable for the Term regardless of subsequent changes in the LDU’s average rates. You may also pay a monthly administrative fee, the amount of which, if applicable, is disclosed in your CDS.