Quote:
Originally Posted by The Hendog
Also trying to decide on this same situation and I am torn since the rate has been below 5.99/kwh for approximately 8 months and floating could be better. However we apparently use lots of electricity so the attraction of a stable rate for 3 years is nice as well and summer seems to usually see an increase in rates.
Is it as easy to change between floating and fixed (vice versa) as Enmax advertises?
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Yes you can just call them, or do it online. I did it last year in June because I was on an 8c electricity plan, and went floating. Probably saved me a bunch so far.
With gas being so cheap, and no rise in site for the foreseeable future I wouldn't see any point in being locked in at a higher rate.