10/26/2026
Choosing an electricity plan can feel overwhelming when you are faced with terms like "fixed rate" and "variable rate." So what is the difference?
A fixed-rate plan locks in your electricity price for the duration of your contract. That means your rate stays the same even if market prices go up.
A variable-rate plan can change from month to month based on market conditions. Sometimes that means lower prices. Other times, it can mean higher prices.
Neither option is automatically better than the other. A fixed rate may offer more predictability for households that prefer consistency. A variable rate may appeal to those who are comfortable with some fluctuation in exchange for potential savings.
The best electricity plan is the one that fits your needs, your budget, and your comfort level. Understanding your options is the first step toward making a smarter energy choice.