Hourly, Variable or Fixed?
The market for electricity contracts has changed enormously in recent years. Many are now abandoning old fixed prices to chase bottom quotes on the spot market.
Which contract suits you?
1. Hourly Rate (The smart choice for homeowners)
You pay what electricity costs exactly the hour you use it. This is very profitable if you have an electric car (which you can charge at night when electricity is cheap or even free) or a heat pump with smart controls.
Warning: Requires that you can shift your consumption. If you run the washing machine and cook at 18:00 in the winter, it can be expensive.
2. Fixed Price (Security)
You lock the electricity price for e.g. 1 or 3 years. You know exactly what each kilowatt hour will cost no matter how cold it gets or what happens in the world.
Disadvantage: Historically, a fixed price has always been more expensive over time because electricity companies charge a risk premium.
3. Classic Variable (Monthly Average)
You get an average price for the whole month. You don't have to adjust when you do laundry or charge, but you also can't take advantage of electricity being super cheap at night. This contract is most common for apartments.
Combine hourly rates with the right tech
To really save money on hourly rates, you need an EV charger that supports scheduled charging or price control (like Zaptec Go or Easee).
Read about smart EV chargersFAQ about Electricity Prices
We sort out the electricity contracts.