A fixed price plan is when a customer pays the same amount every month for a set period of time. This allows you to contract with a competitive energy supplier for electricity or natural gas and be billed at the same amount per kWh or Mcf for a specified period of time. The price per kWh or Mcf will be the same each month (for example $0.0580 per kWh) for the contract period. The price will not increase or decrease over the term of the contract. Any changes in your use or the market rate of natural gas and electricity should not affect the rate you pay per unit.
In Ohio, a law was passed that brokers and suppliers could no longer use the term fixed because in case of extreme conditions, such as a power plant closing or the coldest winter ever, the price will change. The term we use now is firm. This is basically the same as fixed. Your rate won't change during your term agreement unless something catastrophic happens.
- What is the Public Utility Commission?
- Should I Choose a Different Supplier?
- Privacy Statement
- Energy Price Choice How To Guide
- What is a "rate class"?
- Who is my Current Supplier?
- How Long are Supplier Energy Agreements?
- If I Live in a Municipality or Co-Op Can I Switch Suppliers?
- Utility Bill Examples
- Why do I have to pay a cost recovery fee if I cancel?
- What is Energy Deregulation?
- How do I Choose a New Energy Supplier?
- What is Electricity Choice?
- What Factors Should I Consider When Choosing a Supplier?
- What Factors Affect the Price of Electricity?
- How Can I Find Out if a Competitive Energy Supplier is Reputable?
- What is Energy Deregulation?
- How Long is a Contract with a Energy Supplier?
- How Will I know if I'm Eligible to Switch My Competitive Energy Supplier?
- What Factors Affect the Price of Natural Gas?
- What is Natural Gas Choice?
- How Can You Benefit from Energy Deregulation?
- Does Energy Deregulation Affect Your Service?
- What Does Energy Deregulation Mean for Me?
- What is Energy Regulation?
- What is a Competitive Market?
- What is a Competitive Energy Supplier?
- What is a Fixed Price Plan?
- What is a Variable Price Plan?
- What is the Difference Between a Competitive Energy Supplier and a Local Utility Company?
- What is Energy Price Choice?
