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libertypowercorp.com
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Definitions (87)
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ach debit
ACH stands for automated clearing house, which is a network that electronically processes money. Typically this would be an automatic withdrawal from your checking account.
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aggregator
A group or organization (generally a Municipality, apartment complex, community or other large entity) that represents energy consumers to purchase electricity. The goal is to negotiate lower prices w [..]
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authorized decision maker
The individual who signed the Liberty Power agreement or gave voice authorization through the TPV process. Only the Authorized Decision Maker has the authority to make changes to the account or appoi [..]
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base rates
The rates utility companies charge to cover its non-fuel costs.
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billing cycle
The Billing Cycle is based on the utility’s meter read cycle. Some months the number of days in the billing cycle will vary, but it is approximately every 30 days.
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broker
Any entity that serves as an agent or intermediary in the purchase and sale of electricity to retail customers.
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capacity
The amount of electric power that can be delivered at one time by a generating unit, generating station, or all the plants on an electric system.
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change of ownership form
In Texas, a Texas Change of Ownership Request Form must be completed by both the previous and new owners to ensure there is no service interruption. The completed form, a copy of the bill of sale, and [..]
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co-generator
A power plant that produces both electrical (or mechanical) energy and thermal (steam or process heat) energy.
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competition
Allowing two or more entities to sell similar goods and services, in this case, energy generation, in the same market.
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