The Anatomy of a Fixed Rate Plan

By energy_linguist, June 11, 2009, FAQs, News, Special Offers

A fixed rate is really not as much of an enigma as it may sound. In fact, your average electricity plan is pretty straight forward once you dive through the lingo and get to the meat of it. I figured with the new offerings here at Bounce Energy, it was a good time to clear the air on what a fixed rate truly entails.

A fixed rate plan is very simple. Your provider will detail the contract terms when signing up for new service. Fixed-rate plans are exactly as they sound: a fixed rate that does not fluctuate during your contract terms. Now, contract terms can range anywhere from 3 months to 3 years, depending on the provider and plan. One thing to keep in mind is that you may be charged a cancellation fee if you decide to switch service or providers before the contract expires.

So if you're looking for peace of mind that demand or seasonal variables won't drastically affect your monthly bill, then a fixed rate may be your best option. It's all about determining your needs on a long term and monthly basis.

Also, if you're simply looking for a summer rate protection plan or just a lower rate to save you money right off the bat, then check out Bounce Energy plans and rates to see what best fits your unique needs.

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