Texas electricity definition

Renewal

The continuation or replacement of retail electricity service when an existing product approaches or reaches expiration.

What it means

A renewal offer is a new decision input, not proof that staying is best. If no action is taken, the applicable default product and cancellation terms are described by the provider's notice and contract documents.

Eyebiss interpretation

How the decision system uses this concept

Eyebiss compares a renewal only when its current EFL and terms can be evaluated alongside the current arrangement and supported alternatives.

Claim provenance: OFFICIAL_SOURCE

Commonly confused with

automatic price guarantee
contract extension

Related concepts

Contract expirationThe point when the initial term contract is completed under its stated end condition.WAITThe evidence supports revisiting the decision at a specific time or after a known condition changes.KEEPThe available evidence does not support changing the current arrangement now.SWITCHComplete, current evidence supports changing the arrangement after relevant costs, timing, and constraints are included.

Sources

PUCT Substantive Rule 25.475: General Retail Electric Provider Requirements and Information DisclosuresPublic Utility Commission of Texas
The contract documents include the TOS, EFL, and YRAC. The rule defines fixed-rate and variable-price products. The EFL uses standardized price disclosures, including specified usage levels. Contract-expiration notices must describe termination penalties and applicable timing.
Retrieved 2026-08-21 · Texas · primary source · freshness highConsumers should verify the current rule and their own TOS, EFL, YRAC, and expiration notice before acting.