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How do you read an electricity facts label?
Information on how much they will be charged for their electricity. The breakdown of pricing between the Transmission and Distribution Service Provider (utility) and the Retail Energy Provider. Insight on the type of contract terms governing the plan. The length of the contract. Description of the products being purchased.
What does EFL stand for in electricity?
An Electricity Facts Label (EFL) is a document describing the details of a plan. The EFL will show the average electricity rate you will pay at certain usage levels. It will also show you other information like green percentage, base (monthly) charges and an early termination (cancellation) fee.
How do you read an EFL in Texas?
1 Average price per kWh: First, understand that kWh means kilowatt per hour. 2 Base Charge: Some plans have a base charge. 3 Energy Charge: This is the rate charged by your electricity provider. 4 CDU Charge: 5 Type of Product: 6 Contract Term: 7 Termination Fee: 8 Prepay Plans:
How do you calculate cost per kWh?
Average Price per kWh = [((Base Charge + CDU Delivery Charge per billing cycle) + (Monthly Billed Usage kWh's) x (Energy Charge + CDU Delivery Charges per kWh)) ((Energy Charge + CDU Delivery Charges per kWh) x Weekend kWh usage)] / Monthly Billed Usage.
What does per kWh mean?
Your electricity company charges by how much electricity you use per kilowatt-hour (kWh). To put it simply, this means it measures the number of kilowatts you use over time. For example: A 100 watt light bulb uses 0.1 kilowatts each hour. It would take 10 hours for the light to consume 1 kWh of energy.
How do electric rates work?
The rates for each are generally a multiplier of your kWh usage — so you would simply add them together. For example, if the 'Energy Charge' were $0.1001 per kWh and the 'Delivery Charge' were $0.0650 per kWh, you would sum $0.1001 + $0.0650 = $0.1651 per kWh.
What is the base charge on my electric bill?
What is a Base Charge? A base charge is, according to the Public Utilities Commission, a “flat fee applied each month regardless of the amount of kWh used”. Most retail electric providers that charge such a base cost do so on a monthly basis, though some REP charge a daily base charge to customers on prepaid plans.
What is Gena residential usage credit?
The usage credit creates a low-price sweet spot at 1000 kWh. Gena Energy's Gena Choice 6 showing at 4.5¢ per kWh. The rate includes a monthly service fee of $14.95 for consumption of less than 1000 kWh and a residential usage credit of $25 for consumption of more than 999 kWh.
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