While increasing electricity prices can feel stressful, locking into a fixed rate plan with Direct Energy can help mitigate some of that cost. In addition, signing up for a fixed rate can help you avoid market volatility and ensure financial security through rate stability for as long as you need it.
For example, if you secure a fixed rate plan with Direct Energy for five years, you'll get a rate of 16.69 cents/kWh** and avoid that annual price increase every winter and summer.
Plus, we have no enrollment or exit fees. So that means that when rates go back down or drop below your fixed rate, you can always switch back to a regulated or variable rate plan and take advantage of that lower rate.
All fixed rate options will help you avoid forecasted rate hikes and save money on home energy bills. Also, for some, knowing exactly what you'll pay for electricity every month allows you to be financially prepared and offers peace of mind.
*The forecast is based on the current forward wholesale electricity price curve in May 2023. Please note that these rates are subject to change and will not be the exact rates.
**Direct Energy's 5 Year Cashback Plus Electricity Plan as of June 2023.