This glossary explains terms related to electricity.
All electricity plan
An all-electricity plan is a system that uses electricity for all the needs of a customer.
A charge assessed during each billing cycle without regard to the customer’s demand or energy consumption. The base charge differs per area (energy company) and plan.
A charge based on the power transmission and distribution network for transmitting power. Amount of energy usage (kWh) x Unit price of the delivery charges (Unit is depending on your area or your plan).
Deregulation is a set of reforms designed to relax local monopolies and other regulations, thereby encouraging non-electric companies to enter the market and increase consumers choices of providers, services and pricing options.
Energy charge 1st, 2nd, 3rd Tier
A charge based on how much electricity was used. This is broken down in 1st Tier, 2nd Tier and 3rd Tier. This charge applies only applies to metered lighting plans.
Feed-in Tariff (FIT). The FIT is a fee paid by electricity customers, based upon their usage that is designed to support the production of renewable energy.
Japan Electric Power Exchange. It is the only exchange in Japan that operates in the wholesale power trading market. Ambit Energy Japan makes the Guaranteed Savings Plan possible by purchasing electricity in bulk for lower rates.
Low Voltage Power. This is an electricity rate plan for those with contract power of less than 50 kW.
Pay-easy is one of the payment methods that you can choose via MAA or through Customer Care. You can pay your electricity bill at an ATM with cash or with your bank account by choosing Pay-easy.
Power Procurement Adjustment
Power Procurement Adjustment includes the Fuel Cost Adjustment Factor and the Procurement Adjustment Factor.
The Fuel Cost Adjustment Factor is calculated based on the rate set by EPCO in Customer’s area. The Procurement Adjustment Factor is designed to adjust monthly electricity charges based on fluctuations of the actual cost of power to Ambit impacted by factors, including, but not limited to, capacity curtailments, weather related increased in demand, or regulatory changes.
Re point is the reactivation of the Customer’s contract that contract has been cancelled.
Smart meters are digital devices that measure the energy usage in your home or business. They transmit this data to your power company much like a radio broadcasts music or a walkie talkie transmits your voice. They are safe, accurate and have been proven to be very reliable and have been in use for many years all over the world.
Solar power is a power generation method in which sunlight is directly converted into electric power using a solar cell.
A charge based on the electric energy (kWh) consumed.
Supply Point Identification Number
This is a unique 22 digit number that identifies your location and customer profile. Energy providers use this number to provide your service quickly and accurately. You can find this number on your bill and you will need the number when you make a contract with energy retailers.
Changing your retail electricity provider is called switching.
Time Of Use. Rates are variable and dependent upon the time of the day the electricity is used.
Disclaimer: This glossary is meant to be a general terminology guideline and is not to be used to represent any legal definitions or opinions.