Quote:
Originally Posted by Ducay
wait a second........that doesn't make much sense.......longer contracts are less risky as you're stuck with them.
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They're risky because it's much easier to predict rates 1 year out than 5 years out. Which is why 5 year mortgage rates are always higher than 1 year rates. Hence why a 5 year electricity rate should be higher than a 1 year electricity rate.