Fixed or variable rates? What’s right for you
Here's the difference between fixed and variable pricing. If you've still got questions on what's right for you, we're here to help.
Understanding fixed rate pricing
How fixed rate pricing works
With fixed rate pricing, your Meridian charge and network charge each month is fixed for the term of your contract. Only government and regulatory changes like GST and the Electricity Authority levy can change.
The Meridian charges cover the price of energy, and our retail services like meter reading, billing and customer support.
Fixed pricing applies when your price category, capacity and metering configuration stays the same and no new network charge is introduced.
Choose fixed rate pricing when
- you want some certainty to help you budget, even if it means you pay a bit more now than you would on variable pricing
- you’re happy to sign up to a contract of up to three years.
You just need to know that if any government or regulatory charges change, we may pass that change on to you.
For more information, read our Fixed rate pricing terms and conditions which will apply if you choose a fixed rate plan.
What’s variable pricing?
How variable pricing works
On a variable rate plan, you’re not locked into a contract. It also means your Meridian charge and network charge will change as energy and network prices change.
You could save money if prices drop but, if they rise, so will your electricity rates. We’ll always give you 30 days’ notice before we increase your rates.
Choose variable pricing when
- you don’t want to be tied into a contract
- you’re happy for your rates to change (with 30 days’ notice).
You can change from variable pricing to any available fixed pricing at any time.
For more information, read our Simple Flexi Plan terms and conditions which will apply if you choose a variable rate plan.
Fixed rate plans versus variable plans
| Fixed Term Contract | Meridian charge | Network charge | GST & Government levies | |
| Fixed Rate Plan* | Yes | Fixed for length of contract | Fixed for length of contract | Can change |
| Variable Rate Plan | No | Can change | Can change | Can change |
*Fixed pricing applies when your price category, capacity and metering configuration stays the same and no new network charge is introduced. If any of these do change, and we can no longer offer the plan you are on, we’ll give you prior notice and help you find a new plan.
How do I see what plan I’m currently on?
Your plan details are on your bill. You can find this in your online account, under the 'Transactions' tab. You can also find your rates on our App.