![]() Most variable rate electricity plans look comparable to fixed rate plans when you are signing up. That could mean that your rate is significantly higher in the summer. Their supply team will purchase, or hedge, a one month wholesale contract for that number of customers. Typically, retail electricity companies will look at the number of customers that they have on a variable rate. Variable rates reflect the current market electricity pricing. How do Variable and Fixed Rates Compare in Pricing? The EFL will show all of the details on how your price can change, where to find historical rates, and where to find your next month’s rate. Make sure to read the Electricity Facts Label for the plan. You can find the price for your next month of electricity just by logging in to your online account with your electricity company. This price is the price that will be applied during your first billing cycle this price may change in subsequent months at the sole discretion of You’ll find a statement like this on the Electricity Facts Label: But here’s what you must take into account with a variable rate electricity plan. That offers you some reassurance on what your electricity provider will charge after the first month. When you shop for month to month energy plans you can also view the historical prices that their customers have paid on this electricity plan. Rate History – Variable Electricity Rates So you’ll be able to review their rate history and see if you are comfortable with the price fluctuations you may experience. If you are willing to take a little bit of risk, and not ready to commit, these short term variable rate plans can be a great option.Įlectricity companies must also publish the rate history for any variable rate electricity plan. A fixed rate plan gives you price certainty and protection against summer price increases. ![]() And when it gets hot in Texas, the electricity usage cranks up and and so do monthly power prices. Most of the electricity used at home is for your A/C. ![]() Because summer power pricing in Texas is risky business. We usually recommend fixed price plans for our customers.
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