What is the difference between a variable rate and fixed rate plan

What is the difference between a variable rate and fixed rate plan? Deregulation of the energy sector in Texas provides users across the state a consumeroriented market scenario. Consumers are now able to find the right Texas Electricity Company from whom... More

What is the difference between a variable rate and fixed rate plan? Deregulation of the energy sector in Texas provides users across the state a consumeroriented market scenario. Consumers are now able to find the right Texas Electricity Company from whom they can buy Business Electricity, for commercial purposes as well as domestic consumption. A value addition to Electric Choice program is that one can chose the Electric Rates at which to buy electricity. Electricity Rates offered by each of the suppliers varies depending on the source from which the energy is generated. Hence natural gas-based electricity is least priced while ‘green’ or non-fossil-based electricity generation comes with a premium tag. Therefore, subject to the electric type one can chose a electric plan. Again, Texas Electric companies offer a range of electricity rate plans. Besides, these plans are tailored to meet a wide-spectrum of consumption patterns. Consumers who seek to maximize these opportunities Less