Consumers favor fixed-rate electricity plans for cost savings and price stability

Consumers are increasingly choosing fixed-rate electricity plans over variable ones, as fixed rates are generally cheaper and offer protection against price hikes. This trend is driving competition among suppliers to offer more fixed-rate products. September's variable ("green") electricity tariffs range from over 10 to 16 cents per kilowatt-hour, while fixed ("blue") tariffs offer more options below 10 cents. Yellow tariffs also mostly exceed 10 cents, with some exceptions. Wholesale electricity prices are rising for October, potentially reversing September's price reductions. New fixed-rate plans, like DEI's myHome Plan and Protergia's Picasso, offer monthly fixed charges for electricity and regulated fees.