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fixed bill
Fixed bill refers to an energy pricing program in which a consumer pays a predetermined amount for their total energy consumption for a given period. The price is independent of the amount of energy the customer uses or the unit price of the energy.〔(Aaron Luccheti, “Cold Winder on the Way? Some Consumers Bet on it”, The Wall Street Journal , November 6, 1997. )〕 Energy companies can offer this type of pricing by hedging the risks of fluctuating demand using weather derivatives.
==History==
The ability to provide fixed bill energy contracts in the US grew out of the deregulation of the energy industry in the 1990s. An early pioneer in this field was Equitable Gas Company. They proposed a one-year, fixed-bill natural gas contract to Allegheny County, PA public schools in 1995.〔(School News, Pittsburgh Post-Gazette, June 21, 1995 )〕
The two inventors of the Equitable Gas product, Bernard Bilski and Rand Warsaw, then left Equitable and formed their own company, WeatherWise USA. Rand Warsaw is now CEO of the company. They have further developed the product and now offer a variety of fixed bill plans to energy companies under license.〔(WeatherWise press release mentioning that Rand Warsaw is CEO. Jan 27, 2005 )〕 The energy companies, in turn, offer the plans to their customers.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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