Fixed-rate plans
Fixed-rate plans are electricity plans where the rate you pay for electricity remains constant throughout the term of the contract. This means that regardless of fluctuations in the energy market or changes in utility costs, your rate per kilowatt-hour remains the same. Fixed-rate plans provide price stability and predictability, allowing customers to budget more effectively without worrying about sudden increases in their electricity bills.
Variable-rate plans
Variable rate plans are electricity plans where the rate you pay for electricity can fluctuate based on certain conditions. Unlike fixed-rate plans, the price per kilowatt-hour can vary from month to month, depending on factors such as energy demand, fuel costs, and other market influences. While variable rate plans offer flexibility, they can result in higher bills during times of peak energy demand or market volatility.
Same-day electricity plans
A same-day electricity plan is an electricity service that allows customers to quickly establish or switch their electricity service on the same day they sign up for the plan. This type of plan offers immediate access to electricity without the need to wait for days or weeks for service activation. Same-day electricity plans are convenient for individuals who require urgent or immediate access to electricity due to moving into a new residence, unexpected service interruptions, or other time-sensitive situations.
Plans by term length
Month-to-month plans
Month-to-month electricity plans are energy plans that operate on a short-term, monthly basis. Customers with these plans have the flexibility to change providers or switch to a different plan without facing early termination fees. These plans are ideal for those who prefer flexibility and may be looking to switch providers or adjust their energy plan frequently.
24-month plans
24-month plans are long-term electricity plans that lock in a specific rate for a period of 24 months. Customers who choose 24-month plans benefit from rate stability and protection against price fluctuations in the energy market for the duration of the contract. These plans offer predictability and security, making them a popular choice for those seeking budget certainty and long-term planning for their energy expenses.
Time-of-use electricity plans
Time-of-use plans charge different rates for electricity consumption based on the time of day.
Free nights and weekends plans
A free nights and weekends plan is an electricity plan that offers customers the benefit of free electricity during specific off-peak hours, typically during nights and weekends. Customers on these plans do not incur charges for the electricity they consume during these designated times, allowing them to save on their energy costs. This type of plan encourages shifting energy-intensive activities, such as laundry or running appliances, to off-peak hours when electricity is free, promoting energy conservation and savings for customers.
