What’s the difference between a variable-rate plan and a fixed-rate plan?

A variable-rate plan means the cost of your plan can change every month. If they offer low introductory rates to entice you into a contract, that low price offer can, and probably will, change. A variable-rate plan means you must constantly monitor your electrical rate to avoid what is called ‘sticker shock’ later.

A fixed-rate plan is a price that doesn’t change over a designated time period, but please be aware that there may be separate fees and terms in the fine print that are included.

Your family’s household electrical needs are different from your neighbors’ or friends’. There are a variety of diverse options available. With so many choices, it makes it difficult for consumers to analyze the details of contrasting fees and terms when shopping for plans, but that’s where WattDawg comes to the rescue.