Variable rate plans charge a market-based price per kilowatt-hour that can change each billing period. Instead of locking into a fixed rate, your electricity price floats with wholesale market conditions, supply and demand, fuel costs and other factors.
These plans can offer savings when market prices are low, and they usually have shorter contract terms or no long-term commitment. However, because prices can spike during periods of high demand or volatility, they are best suited to businesses that have flexible operations and can shift usage if needed.
Unsure if a variable rate plan is right for you? Contact us today for a free review of your usage profile and market options.