Fixed Rate Contract

What is a Fixed Rate Contract?

A fixed rate contract locks in your energy prices for a set period (usually 1-5 years). Your unit rate won't change regardless of market fluctuations.

Benefits

• Budget certainty: Know your costs in advance
  • Protection: Immune to price rises during contract
    • Simplicity: No surprises on your bills

      Considerations

      • Early exit fees: Usually apply if you leave early
        • No benefit from price drops: You're locked in
          • End of contract: Watch for auto-renewal at higher rates

            Typical contract lengths

            • 1 year: Lower prices, more flexibility
              • 2-3 years: Balance of price and term
                • 4-5 years: Best rates, longest commitment

                  What we recommend

                  For most businesses, a 2-3 year fixed contract offers the best balance. We always set reminders before renewal to avoid rollover.

                  Our role

                  We compare fixed rate contracts across multiple suppliers to find the best deal for your usage pattern and risk appetite.