Just got an email from Enmax saying they expect electricity prices to be volatile this coming year:
Quote:
I want you to be aware that, in 2018, we’re anticipating more volatility in electricity prices than you may have experienced previously.
This may be a good time to consider your options, because your current floating index plan does not have a cap on the rate you pay for electricity. And this means you’re vulnerable to volatility.
Some ways to avoid surprises on your bill:
Choose a new EasyMax® three-year plan featuring a floating rate that follows the Regulated Rate Option rate and is capped at 6.8¢/kWh* .
Switch to a fixed-rate* that’s offered on your plan
*Delivery related charges, taxes, and a monthly Administration Fee of an average of $7.10 per site, for each electricity and natural gas, are extra.
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Did anyone else get this? I checked and their 3-year floating rate plan is at 5.2¢ right now, but can go all the up to 6.8¢. Fixed rates are around 6¢ depending on the term. Checked my last bill and I'm getting charged at 3.5¢ right now. I don't really see how electricity charges could double, so I doubt I'll do anything, but just curious what others think.