Common use of Pricing, Billing and Payment Terms Clause in Contracts

Pricing, Billing and Payment Terms. You will pay Direct Energy for your service at the rates for the Initial Term, the introductory period price, and during the “Renewal Period” (as defined in Section 7) as set forth in the Rate Plan Summary (subject to any change contemplated by Section 7). You will also pay gas distribution/transportation charges to your NGU. During the Initial Term, your service rate will include a monthly administrative fee (“Admin Fee”), if applicable, the amount of which is set forth in your Rate Plan Summary. The Admin Fee covers administrative costs for the procurement and management of your natural gas generation service. The Initial Term and Renewal Period rate is exclusive of all applicable NGU related taxes and charges (including the applicable Transition Rider or similar charge, if applicable) as applicable. Your NGU will send you a monthly bill that will include your NGU’s charges, Direct Energy’s charges, and any other charges incurred in accordance with this Agreement. Depending upon the date of the meter read, your bill from the NGU may be prorated. The prorated billing is a technique for applying standard methods to nonstandard billing periods. A billing period that is shorter or longer than the NGU’s designated billing period days will have prorated charges based on a 30-day average for the applicable rate. You will pay your bill in accordance with the NGU’s billing and payment terms. If you are claiming tax-exempt status, you are responsible for providing Direct Energy with your Ohio tax exemption certificate, as it has been filed with the Ohio Department of Taxation.