A Fixed Price solution for your electricity supply provides a set rate for a specific contract term. We monitor the daily markets and strategize with you on how and when to purchase your energy.
Benefits of Fixed Price include:
- Offers price stability and budget certainty, along with predictability of operational costs.
- Provides a hedge against a volatile energy market and offers protection from price spikes.
- Works for clients with a low risk tolerance or little budget flexibility.
- Typical contract terms from 12 to 48 months.
Timing is critical. A fixed rate helps you avoid price spikes but knowing when to buy is essential. We advise our clients on the best time to purchase their electricity or when it’s optimal to extend existing contracts.
Simply waiting for your contract expiration may not be the best time to buy. As industry experts, we watch the market for trends and drops in pricing, notifying you of those advantageous periods. Freedom works with the largest electricity suppliers in the market to secure the best possible rate options for you.
While valuable to ensure budget certainty and price stability, there can be a downside to a fixed price contract. This type of solution factors in what traders believe the future commodity cost to be on the day you execute the agreement, but markets can, and do, fall short of those predictions, potentially leaving you paying an unnecessary risk premium.
