Common use of Fixed Rate Products Clause in Contracts

Fixed Rate Products. Fixed Rate Products have a contract term of at least three months. The price of a fixed rate product (including all recurring charges and ancillary service charges) may only change during a contract term to reflect actual changes in TDSP charges, changes to the ERCOT or Texas Regional Entity, Inc. administrative fees charged to loads, or changes resulting from federal, state or local laws that impose new or modified fees or costs on us that are beyond our control. Price changes resulting from these limited circumstances do not require us to provide you with advance notice, however, each bill issued for your remaining contract term will notify you that a price change has been made. The price may not vary from the disclosed amount to reflect changes in ancillary service charges without approval from the PUC.