What is the difference between fixed and variable pricing

How fixed pricing works

With fixed pricing, your daily and unit rates stay the same for the term of your contract. Only regulatory charges like GST or the Electricity Authority Levy Charge can change.

Choose fixed pricing if:

  • 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 can break the contract for an early exit fee of $100 but you won’t be charged if you’re just moving house.)

You just need to know that if any regulatory charges change, we may pass that change on to you. For more information, read our Fixed Rate Plan terms and conditions which will apply if you choose fixed pricing.

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 rates if:

  • 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 fixed pricing at any time.