Frequently Asked Questions
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A. There are a number of reasons to secure a fixed price at this time:
1. Electricity prices continue to be impacted by a variety of factors, including growing energy demand, investments in grid infrastructure, inflationary pressures, and the transition to cleaner sources of generation. While these investments are important for maintaining a reliable and sustainable energy system, they can contribute to fluctuations in energy costs. Securing a fixed price can help provide stability and protection from future market volatility.
2. Natural gas prices are influenced by supply and demand, weather patterns, storage levels, and global market conditions. Because these factors can change quickly and significantly affect prices, many consumers choose a fixed-price plan to help manage their energy costs and reduce exposure to market fluctuations.
1. Electricity prices continue to be impacted by a variety of factors, including growing energy demand, investments in grid infrastructure, inflationary pressures, and the transition to cleaner sources of generation. While these investments are important for maintaining a reliable and sustainable energy system, they can contribute to fluctuations in energy costs. Securing a fixed price can help provide stability and protection from future market volatility.
2. Natural gas prices are influenced by supply and demand, weather patterns, storage levels, and global market conditions. Because these factors can change quickly and significantly affect prices, many consumers choose a fixed-price plan to help manage their energy costs and reduce exposure to market fluctuations.
A. There are a number of considerations:
• Look at the commodity price for natural gas or electricity
• Consider options such as time of use pricing for electricity, if offered
• Ensure you are comfortable with the length of term of the agreement
• Look for potential environmental benefits such as green power and carbon credits
• Know your rights for cancellation
• Take time to read the details of the agreement (you have to verify your agreement over the phone 10 -60 days after you sign in order to be enrolled in the program you choose)
• Ensure you have the authority to enter into such an agreement (only account holders and their spouses can sign up for energy agreements)
• Make sure you have the contact information for the marketer that you have chosen
• Look at the commodity price for natural gas or electricity
• Consider options such as time of use pricing for electricity, if offered
• Ensure you are comfortable with the length of term of the agreement
• Look for potential environmental benefits such as green power and carbon credits
• Know your rights for cancellation
• Take time to read the details of the agreement (you have to verify your agreement over the phone 10 -60 days after you sign in order to be enrolled in the program you choose)
• Ensure you have the authority to enter into such an agreement (only account holders and their spouses can sign up for energy agreements)
• Make sure you have the contact information for the marketer that you have chosen
A. Energy Marketers are able to purchase electricity and natural gas in large volumes at wholesale rates. The marketer is able to sell a fixed term agreement to customers at a fixed price so the customer will not see an increase in supply price for the full term of the agreement. This provides price protection to the customer if supply prices increase. If the customer purchases their electricity through their utility, they will be charged a price that is approved by the Ontario Energy Board which is a forecast of prices for the next 6 months. Gas prices are very volatile, and the Ontario Energy Board approved price may change every 3 months.
A fixed-price agreement helps protect customers from increases in the supply price during the term of the agreement and provides greater predictability for budgeting. While a fixed-price agreement does not guarantee savings compared to utility rates, many customers appreciate the stability and peace of mind that comes with knowing their energy commodity rate will remain unchanged for the length of their agreement.
A fixed-price agreement helps protect customers from increases in the supply price during the term of the agreement and provides greater predictability for budgeting. While a fixed-price agreement does not guarantee savings compared to utility rates, many customers appreciate the stability and peace of mind that comes with knowing their energy commodity rate will remain unchanged for the length of their agreement.
A. If a customer moves they can take the contract with them to their new location.
