Ok, I do not get this. I have to make a decision as to whether to go fixed or variable on Easymax, and the variable electricity rate is 14.86 cents/kwh vs. the fixed rate of 8.9 cents per kwh. It seems like I would be an idiot to go with the variable rate. That doesn't make sense to me, particularly if you think about mortgage rates where generally, the fixed rates are higher than the variable rates - you pay a higher interest on fixed rates to buy some peace of mind and the bank has to put in a cushion to make sure that they don't run the risk of being too low relative to the market sometime in the future.
So am I completely off base here? Confused!
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