Fixed and variable rates
Fixed rate / guaranteed pricing
How fixed rate pricing works
With fixed rate pricing, your Meridian charge and network charge each month is fixed for the term of the contract.
The Meridian charges cover the price of energy, and our retail services like meter reading, billing and customer support. Only government and regulatory charges like GST and the Electricity Authority levy can change.
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.
How variable pricing works
With variable pricing, you have no fixed term contract. We can change rates by giving you 30 days’ notice.
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.