T&Cs - Price Cap

1. Scope of application

‍‍These Additional Terms and Conditions for the Ostrom Price Cap of Ostrom GmbH apply in addition to or in deviation from the General Terms and Conditions of Ostrom GmbH for the Supply of Electricity („T&C Electricity").

2. Special provisions for the Ostrom price cap

2.1. Who can use the Ostrom price cap?
The Ostrom price cap is an additional module that Ostrom offers in addition to selected tariffs (currently: SimplyFair tariff and the sister tariffs of the SimplyFair tariff in accordance with No. 4.3.5 of the General Terms and Conditions for Electricity) and that can be booked by the customer. The Ostrom price brake is available in these selected tariffs to all customers whose expected annual electricity consumption is less than 15,000 kWh. Customers on other tariffs, in particular the SimplyDynamic tariff, cannot take advantage of this offer. Ostrom reserves the right to reject customers based on the above criteria. In addition, customers whose energy price is already above the applicable maximum price cap (see Section 2.2) when the contract is concluded cannot take advantage of the offer.

2.2. How does the Ostrom price cap work?
The Ostrom price cap sets a maximum price cap for the regular energy price within the respective tariff booked by the customer ("price cap"). The amount of the price limit is determined by the currently valid offer or the Ostrom Price Cap price sheet. The start date is specified in section 2.3. If the Ostrom price cap is activated for a tariff booked by the customer, either the working price of the booked tariff or the agreed price cap applies; the lower of the two amounts is always applied as the working price to be paid. The Ostrom price cap applies regardless of a price guarantee for the tariff booked by the customer.

2.3. How long is the Ostrom Price Cap valid?
The Ostrom Price Cap applies for a period of twelve months. If a new customer of the Ostrom electricity tariff books the additional module Ostrom Price Cap (i.e., when booking the additional module, no electricity is yet being supplied by Ostrom), then the contract for the Ostrom Price Cap begins on the day the contract is concluded. If an existing customer of the Ostrom electricity tariff books the additional module Ostrom Price Cap (i.e., when booking the additional module, electricity is already being supplied by Ostrom), then the contract begins on the first day of the month following the booking. Ostrom will inform the customer of the start of the term.

2.4. Can the price cap change?
‍The price cap is valid from the contract date for a minimum period of twelve months. After this period, Ostrom may adjust the price cap. Customers will be informed of any intended adjustment and the effective date in text form no later than six weeks before it takes effect. The adjustment only becomes effective if you agree to it. If you do not object to the proposed adjustment in text form by the proposed effective date, your consent will be considered as granted. In this case, you also have the right to terminate the contract without notice and in text form. We will specifically inform you of this right in the notification. Adjustments can also be made before the start of electricity supply, but not earlier than 12 months after the conclusion of the contract.

2.5. What does the Ostrom Price Cap cost, and how is it billed?
‍A fee applies for using the Ostrom Price Cap. The amount is specified in the currently applicable offer or price sheet for the Ostrom Price Cap. The fee is billed annually. The due date of the invoice can be found in the current offer or price sheet. Payment is based on the payment method specified in the tariff booked by the customer.

2.6. How can the Ostrom Price Cap be cancelled?
‍Cancellation of the Ostrom Price Cap must be submitted no later than one month before the end of the current term. In the case of early cancellation, there is no entitlement to a refund of the fee. The full annual amount is charged regardless of the cancellation date. If no cancellation is made, the Ostrom Price Cap will automatically renew and can then be cancelled at any time with a one-month notice period.