Fixed vs Variable Energy Plans: Which Can Save You Money?

Choosing between a fixed or variable energy plan is an important decision that can mean more money in your pocket given the right choice. Understanding the benefits of each option is crucial in determining the most suitable plan for your needs. In this post, we will explore the top five reasons to help you make an informed decision and potentially save money on your energy bills.

1. When You Use Energy Matters

One of the primary factors to consider is the timing of your energy usage. If you typically consume energy during the day, a variable energy plan might be ideal for you. Variable plans often offer lower energy prices during off-peak hours, allowing you to take advantage of cheaper energy prices. On the other hand, if your energy consumption aligns with peak times, a fixed energy plan could be more suitable, providing you with a predictable cost.

2. Shifting Your Energy Usage

Are you working from home, retired, or a stay-at-home parent? You may not be aware that with minimal effort, you can shift the usage of high-consumption electronics and appliances to times when energy prices are lower. By running your washing machine, dishwasher, dryer, and other energy-intensive devices during off-peak periods, you can potentially benefit from a variable energy plan.

3. No Solar? No Problem!

For those without solar panels, being on a variable energy plan can still offer advantages. Renewable energy, particularly solar power, is most abundant when solar panels are highly active. As a result, the price of energy tends to be lower during these periods. By choosing a variable energy plan, you can leverage the high solar productivity in the grid and benefit from lower energy prices, even without having your own solar installation.

4. Harness the Power of Solar Batteries

If you own a solar battery system, variable energy prices can be highly advantageous. With the right system settings, you can strategically charge your battery during times when energy prices are low, and then use stored energy during high-price periods. This approach allows you to optimize your energy usage, potentially surpassing the cost savings offered by fixed price plans and reducing your overall energy expenses.

5. Don’t Get Caught Out – Do Your Comparisons

In the face of recent price rises, many energy retailers are taking advantage of the situation, potentially leaving consumers paying more than necessary. To ensure you get the best deal, it’s crucial to conduct your own comparisons. While some comparison websites exist, they often fail to include the entire market. Consider exploring alternative retailers like Amber, which offers access to wholesale pricing. By obtaining a quote from their website, you may discover that their variable energy plan could be more cost-effective for you than a fixed plan.