I am glad that the area that I am staying in is finally eligible to switch over to the open electricity market where I can choose my electricity retailer. There are currently two standard price plans which are the Fixed Price Plan and Discount Off the Regulated Tariff Plan. For the Fixed Price Plan, you pay a fixed rate throughout the contract period of either 6, 12 or 24 months. For the Discount Off the Regulated Tariff Plan, the rate you pay will change as the regulated tariff is adjusted every three months (quarterly). You get a fixed discount off the regulated tariff whether it goes up or down.
I preferred the fixed price plan for a more predictable electricity bill moving forward. Not trusting other websites that tells you which retailer offers the cheapest electricity per KWh, I did my own research. I visited the retailer’s website and
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