Flexible price contracts
What is a flexible price contract?
Rather than locking in an agreed, fixed rate at the start of the contract, a flexible (or flex) price contract allows you to buy energy throughout your contract in smaller tranches, at different prices. This means you have the potential to secure lower prices if markets drop, saving you money.
Obviously, markets can go up as well as down, so there’s always a chance you’ll end up paying more for your electricity and it does require someone to monitor market movements regularly and buy at the right time.
- View our Deemed and Out of Contract rates
- Find out more about our fuel mix
- For information on our Complaints Handling Procedure view here
- View our Annual Smart Meter Installation Targets
- View our Consolidated Segmental Statement
Key advantages of flexible price contracts
- Manage risks: By actively monitoring the market and strategically procuring energy when conditions are favourable, you can significantly reduce exposure to market volatility and price spikes, ensuring a more stable and predictable risk profile
- Greater control: You can manage your energy usage and costs with more precision by making multiple purchasing decisions throughout the contract term.
- Sustainability: You can purchase renewable energy when it’s most cost-effective, aligning your energy usage with environmental goals.
- Flexibility: If your consumption changes during the contract period, you can adjust your purchase volumes to match actual usage – minimising potential penalties.
Things to remember when choosing a flexible price contract
- Market knowledge: It requires a good understanding of the energy market to make informed purchasing decisions.
- Active monitoring: You need to actively monitor market trends and be ready to act when prices are favourable.
- Potential for volatility: If market prices rise significantly, your energy costs could increase