👉 The renewal project refers to the process of extending the contract or agreement between a utility provider and its customers, typically electricity or gas companies, to continue service beyond the initial term. This project aims to secure long-term supply, stabilize pricing, and ensure reliable service. It often involves negotiations on new rates, service quality improvements, and sometimes the addition of new services or infrastructure investments. The goal is to benefit both the utility provider, by guaranteeing a steady revenue stream and customer base, and the customers, by maintaining consistent service and potentially gaining better rates or features.
