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Old 06-30-2011, 12:59 PM   #1
Robotic
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Default Enmax fixed vs. floating rates...

Just curious what everyone has setup there electricity rates at? It looks like floating is jumping 38% next month.
http://www.calgaryherald.com/Power+p...269/story.html

Time to switch to fixed $0.08? Seems ridiculous that Enmax can change the rates to whatever they want.

It's also funny that fixed is not a true "fixed stuck for 5 year" thing. You can switch back and forth as much as you like.
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Old 06-30-2011, 02:08 PM   #2
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Enmax is the only one I'd stay fixed with; as you can cancel at any time.

I've been on 8 for a couple of years now.
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Old 06-30-2011, 02:17 PM   #3
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I have a semi-related question about easymax. I know they say you get $100 back per year for using them for both electricity and gas, and you can still get the regulated rate option (floating rates). Are the administration or other fees higher than direct energy for gas?

If not, I can't think of any reason not to switch over.
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Old 06-30-2011, 02:25 PM   #4
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I would always be fixed, since you can always lower your rate to the current rate.
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Old 06-30-2011, 02:40 PM   #5
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Thanks for the heads up - I fixed in at $0.08 - it'll be 20% less than the floating rate, and I'll watch the rate monthly to see if it drops.
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Old 06-30-2011, 02:41 PM   #6
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Thanks for the heads up, locked at 8 cents.
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Old 06-30-2011, 02:47 PM   #7
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Let's keep this thread bumped monthly with the fixed/floating spread, so those of us who locked in will be reminded to return to floating
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Old 06-30-2011, 02:48 PM   #8
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Quote:
Originally Posted by Rathji View Post
I would always be fixed, since you can always lower your rate to the current rate.
That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.

I am fixed now, but will go back to floating the second the floating rates are better
80-90% of the time you are better to be floating, so the 1 month in 3 years that you were better to be fixed sure the eff doesn't pay for years of fixed rate pwnage.
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Old 06-30-2011, 03:28 PM   #9
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I wish I could thank the OP twice. Looking at my Enmax account my EasyMax was screwed up. They owe me about $200. Free utilities next month!!!
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Old 06-30-2011, 03:37 PM   #10
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Originally Posted by hulkrogan View Post
I wish I could thank the OP twice. Looking at my Enmax account my EasyMax was screwed up. They owe me about $200. Free utilities next month!!!
Split it with ya! haha
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Old 06-30-2011, 03:59 PM   #11
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That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.

I am fixed now, but will go back to floating the second the floating rates are better
80-90% of the time you are better to be floating, so the 1 month in 3 years that you were better to be fixed sure the eff doesn't pay for years of fixed rate pwnage.
Learn something new everyday. We screwed up our Enmax when my wife was on mat leave for our second child, so have been with Direct Energy ever since.
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Old 06-30-2011, 04:23 PM   #12
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Quote:
Originally Posted by THE SCUD View Post
That's not true, they have been at 0.08 for a long time for the fixed rate, but it's never been that high on a floating rate, so you'd have been losing money for years, as compared to fixed.
OK, what was the floating rate before? For July it is 9.888 - so about 25% higher than fixed.

http://www.enmax.com/easymax/residen...ent+Prices.htm

When I first went fixed I compared it often, and never was the floating rate lower than 8.
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Old 06-30-2011, 05:33 PM   #13
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Right or wrong I have the floating rate. I don't have the time or patience to keep an eye on the rates and opt out if they drop below 8 cents. Everytime they call me to see if I want to go with the fixed rate I get a little pissed. I figure. Why don't you just give me the best rate.
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Old 06-30-2011, 05:50 PM   #14
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Originally Posted by ken0042 View Post
OK, what was the floating rate before? For July it is 9.888 - so about 25% higher than fixed.

http://www.enmax.com/easymax/residen...ent+Prices.htm

When I first went fixed I compared it often, and never was the floating rate lower than 8.
I went back a full year on my bill and the average floating rate was 7.5cent. It wasn't until the past 3 months that I've seen it exceed 8cents.
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Old 06-30-2011, 06:12 PM   #15
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I went back a full year on my bill and the average floating rate was 7.5cent. It wasn't until the past 3 months that I've seen it exceed 8cents.
Me too, I went back 1.5 years and it's never been above 0.08. I watch it every few months (when I remember!) and never do I see it move.

Enmax's allowing you to jump in and out is great, so there really is no wrong answer here - group hug!

The best approach: When you see floating is going to go above fixed, go fixed. As soon as floating drops below fixed, go back.
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Old 06-30-2011, 06:27 PM   #16
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Enmax makes money every time you switch. Every time.
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Old 06-30-2011, 06:35 PM   #17
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So apparently we're effed either way:

https://www.enmax.com/Power/Tariffs/...ergy+Rates.htm

It's been above $0.08 KwH for 6 out of 24 months - so you'd have been losing money 18 out of 24 months, you'd think....

But when I dump that data into excel and average it out, the average monthly rate?$ $0.076! So you'd have lost $0.004 or 5%. No big diff.

Last edited by THE SCUD; 06-30-2011 at 06:39 PM.
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Old 06-30-2011, 08:07 PM   #18
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Enmax's fixed rate for Electric is usually competitive. It's the fixed Gas rate that seems to be out of whack. It was $6.59 when they were charging $3 on floating.

Speaking of which, where is a reliable source to find out what the upcoming gas rates would be?
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Old 06-30-2011, 11:53 PM   #19
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Enmax's fixed rate for Electric is usually competitive. It's the fixed Gas rate that seems to be out of whack. It was $6.59 when they were charging $3 on floating.

Speaking of which, where is a reliable source to find out what the upcoming gas rates would be?
I'd assume keeping an eye on the AECO Spot and 30 day rates would be a good gauge; I've never looked so I'm not sure what leadtime they have from the benchmarks to when it actually hits your rates.
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Old 07-29-2011, 07:48 PM   #20
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Just bumping this thread to remind people to keep it fixed at $0.08 as the August floating is moving up to $0.12432.

http://www.enmax.com/Power/Tariffs/RRO+Energy+Rates/RRO+Energy+Rates.htm
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