• Knock_Knock_Lemmy_In@lemmy.world
    link
    fedilink
    English
    arrow-up
    4
    ·
    2 days ago

    Big customers lock in deals for a fixed price of Y for X years.

    Smaller customers can also get similar deals but retail customers (normal people) rarely can lock prices for more than 1 year. Most pay spot prices.

    • village604@adultswim.fan
      link
      fedilink
      English
      arrow-up
      3
      ·
      2 days ago

      Huh? I’ve shopped power companies a lot and I’ve never seen one that didn’t offer a 3 year fixed rate.

      • Knock_Knock_Lemmy_In@lemmy.world
        link
        fedilink
        English
        arrow-up
        1
        ·
        2 days ago

        Then your area is better served. Large companies typically sign 10-15 year deals so my point remains relevant. Residential customers get slightly worse pricing, but much shorter deals.