Prices in electricity are volatile; they can change drastically in a short period of time. Consumers’ demand will cause a change in electricity prices as well as changes in natural gas prices. When there are changes in supply and demand, it causes energy prices to fluctuate. There are also other factors that impact supply and demand and contribute to price volatility such as: extreme weather conditions, the economy and the availability of supply. As a consumer you want to have peace of mind when it comes to what you are going to pay for your electricity. If you do not have a fixed rate electricity contract, you can be affected by the volatility of the prices in the market. A fixed rate plan provides protection from the fluctuation of prices without being affected by the changes in the market.

Fixed Electricity Rate.