Business electricity plans generally fall into three categories: fixed‑rate, variable‑rate, and time‑of‑use (TOU). Fixed‑rate plans lock in a specific price per kilowatt‑hour for the length of your contract, giving you predictable bills and protection from market volatility. Variable‑rate plans tie your price to wholesale market prices, so your rate may drop when market prices are low but can increase when demand or fuel costs rise. Time‑of‑use plans charge different rates depending on when you consume electricity: higher rates during peak demand hours and lower rates during off‑peak periods. The right option depends on your usage patterns and risk tolerance. A fixed rate suits businesses with steady, high usage that want budget certainty, while companies that can shift some operations to off‑peak times may save with a TOU plan.
Lower Electric Bills