What is a fixed rate plan?

When you sign-up for a fixed-rate energy plan, the price you pay per kilowatt-hour (kWh) for energy supply stays the same throughout your contract. That means that even when the market price of energy changes, your rate won’t fluctuate, which can make budgeting easier for you.

However, it is important to note that even with a fixed-rate plan, your electricity bill won’t be the same every month. That’s because while the rate stays the same, the amount of energy you use will vary, plus you’ll pay for delivery charges and taxes.

Was this article helpful?
40 out of 60 found this helpful