The advantages of a fixed electricity price include:
Budget security: A fixed electricity price provides you with predictability in your electricity bills as the price remains the same throughout the agreed-upon period.
Protection against price increases: A fixed electricity price shields you from market price increases during the agreed-upon period.
Simplicity: A fixed electricity price makes it easy to manage your electricity bills as you pay the same price each month without worrying about price fluctuations.
Reduced risk: By choosing a fixed electricity price, you eliminate the risk of unpredictable changes in the electricity price, which is beneficial for those with tight budgets.
It is important to note that fixed electricity prices are not always the cheapest option, as you may end up paying more if the market price falls below the fixed price.
Therefore, it is important to assess your individual needs and cost considerations before deciding between a fixed electricity price or a variable electricity price.