Types of business electricity plans
The best energy plan type for your business depends on your model, usage habits, and budget. Learn more about common plan types:
Fixed-rate plans
A fixed-rate plan offers a stable electricity rate throughout your contract length. Regardless of market fluctuations, fixed rates provide predictable energy costs for your business. Companies with consistent energy demand can benefit from fixed-rate plans. For example, manufacturing companies often have a continuous production process and significant energy usage, so a fixed-rate plan is likely their best option.
Variable-rate plans
A variable-rate plan offers fluctuating energy prices based on market conditions. While you may save on energy costs during periods of low demand, you risk higher rates during high demand. If your business has lower usage during peak seasons, you could save money compared to a fixed-rate plan. For example, schools may benefit from a variable-rate plan because of lower energy usage during summer break.
Renewable energy plans
You can power your business with green energy, such as solar or wind, with a renewable energy plan. Choosing a renewable energy solution can reduce your business’s carbon footprint and demonstrate dedication to sustainability. For example, small businesses or apartment complexes may benefit from showcasing a commitment to green practices and appealing to eco-conscious customers.