Electricity
*Fixed Rate Products
Description: A fixed rate product provides a secure rate per kilowatt hour (kWh) for the generation portion of your electricity bill. Your monthly bill will vary based on usage, but the rate your pay for the electricity generation will remain constant regardless of any variables in the market.
Options for length of the contract may vary based on the retail supplier, but fixed-price products are often available in terms as short as 3 months or as long as 60 months.
Benefits: A fixed rate is often preferred by businesses with low risk tolerance, while offering a level of budget certainty, aiding in the control of operational costs. Cost control should not be confused with immediate cost savings—although a well-timed purchase can produce cost savings immediately and over time.
A fixed price product is also a very low maintenance choice. Once you have locked in your fixed rate, you do not have to manage your electricity procurement until your contract is nearing expiration.
Description: A fixed rate product provides a secure rate per kilowatt hour (kWh) for the generation portion of your electricity bill. Your monthly bill will vary based on usage, but the rate your pay for the electricity generation will remain constant regardless of any variables in the market.
Options for length of the contract may vary based on the retail supplier, but fixed-price products are often available in terms as short as 3 months or as long as 60 months.
Benefits: A fixed rate is often preferred by businesses with low risk tolerance, while offering a level of budget certainty, aiding in the control of operational costs. Cost control should not be confused with immediate cost savings—although a well-timed purchase can produce cost savings immediately and over time.
A fixed price product is also a very low maintenance choice. Once you have locked in your fixed rate, you do not have to manage your electricity procurement until your contract is nearing expiration.
*Variable Rate/ Market Index Products
Description: Index price products (also referred to as market-based products) provide supply at a rate that correlates with a published index (day-ahead or real-time, hourly pricing).
Benefits: An index price product may provide greater flexibility to take advantage of short-term market opportunities until the timing and market conditions are more advantageous to lock in on a long-term contract with a fixed price product.
Description: Index price products (also referred to as market-based products) provide supply at a rate that correlates with a published index (day-ahead or real-time, hourly pricing).
Benefits: An index price product may provide greater flexibility to take advantage of short-term market opportunities until the timing and market conditions are more advantageous to lock in on a long-term contract with a fixed price product.
*Blended/ Block and Index Products
Description: Blended price or Block and Index price products are plans that allow for any portion of the usage load to be fixed, while the remaining portion is left to move with the index.
Benefits: Blended price or Block and Index price products tend to be a great option for customers with very unique usage models, and who still want to have a level of budget security, but also be able to take advantage of dips in the market.
Description: Blended price or Block and Index price products are plans that allow for any portion of the usage load to be fixed, while the remaining portion is left to move with the index.
Benefits: Blended price or Block and Index price products tend to be a great option for customers with very unique usage models, and who still want to have a level of budget security, but also be able to take advantage of dips in the market.
*Portfolio Products
Description: Portfolio products are plans that allow qualified customers to take advantage of the seasonal market cycle. Portfolio products are contracted for a period of time, and allow a customer to move between index products to fixed products, based on predetermined intervals and market triggers.
Benefits: Portfolio products offer increased optionality and potentially greater ability to take advantage of market volatility, while still mitigating risk.
Description: Portfolio products are plans that allow qualified customers to take advantage of the seasonal market cycle. Portfolio products are contracted for a period of time, and allow a customer to move between index products to fixed products, based on predetermined intervals and market triggers.
Benefits: Portfolio products offer increased optionality and potentially greater ability to take advantage of market volatility, while still mitigating risk.
