*The Energy Charge charged by Gexa Energy on fixed price plans is fixed and will not change during the initial term of your plan. The Energy Charge associated with variable price and month to month products may be higher or lower each month. For fixed and variable plans, the total price of your electricity may be adjusted to reflect changes in TDU charges, third party fees, or changes in law or regulation that result in the imposition of new or modified fees or costs on Gexa Energy. See Electricity Facts Label and Terms of Service.
**Free electricity usage from 12:00 AM Friday to 12:00 AM Monday. Monthly and other billed charges apply normally. The price can change only to reflect actual price changes that are allowed by the Public Utility Commission of Texas due to changes in law or regulatory charges. See Electricity Facts Label for details. Eligibility requirements, terms and conditions apply
What Is a Fixed-Rate Electricity Plan?
A fixed-rate electricity plan is a type of energy plan where the price you pay per kilowatt-hour (kWh) of electricity stays the same for a set period, usually from 12 months to 3 years, although they can be as short as 3 months. With a fixed-rate electricity plan, your electricity rate won’t fluctuate during the contract period.
How Do Fixed-Rate Electricity Plans Work?
While the price you pay for each kWh remains the same throughout your contract term, it doesn’t mean that your energy bill will be identical each month. Your bill’s total will depend on how you consume energy during the billing period. Therefore, even with fixed-rate electricity plans, your bill will fluctuate depending on your usage.
Who Can Benefit from the Gexa Flex Plan?
There are certain types of consumers who might want to consider a Gexa Flex Plan.
Peace of Mind:
With a fixed rate plan, you don't have to worry about price increases, because your energy charge is locked in for the contract term.
Protection Against Market Changes:
In the event electricity prices increase due to weather events, or other factors, fixed rates protect you from price hikes.
Potential for Long-Term Savings:
If you lock in a favorable rate during a period of low electricity prices, you could save money over time. Even if the energy market prices rise, your rate remains the same.
Factors to Consider When Choosing a Fixed-Rate Electricity Plan
When determining whether a fixed-rate electricity plan is best for you, consider the following factors:
- Current and Future Electricity Prices: Since you’ll be locked into a rate for a certain amount of time, you’ll want to consider whether energy prices are higher or lower than average as you’re getting ready to enroll.
- The Stability of Your Energy Usage: Make sure the consistent pricing of your fixed-rate plan aligns with your average consumption so you can manage costs effectively.
- Contract Length: Fixed-rate plans are often offered at a variety of contract lengths. Longer contracts may offer a lower rate, but you’ll be locked into that rate for the duration of the term. Ensure you’re comfortable with the commitment you’re making before you sign your energy contract.
- Early Termination Fees: Most fixed-rate plans have early termination fees if you choose to end your contract early or switch providers. Make sure you’re aware of these fees before you sign your contract.
Gexa Energy’s Usage Credit Electricity Plans
Gexa Energy offers several usage credit electricity plans so you can find one that fits your needs.
Look over our plan details below.*
Gexa Free 3-Day Weekends:
With this plan, you can get free electricity all day and night, Friday, Saturday, and Sunday, and lock in a great price for 12 months.**
Gexa 12 & 24:
Available in 12- and 24-month contracts, this straightforward fixed-rate plan provides you with a low price you can depend on.
Gexa 55+:
Designed for customers 55 years or older, this fixed-rate plan can provide you with 24 months of price protection.
FAQs About Fixed-Rate Energy Plans
The opposite of a fixed-rate energy plan is a variable-rate energy plan. With a variable-rate plan, the price per unit of energy can fluctuate as often as every month. This means your bill can go up or down each month depending on a variety of factors, including current energy prices.
Determining whether a fixed-rate or variable-rate electricity plan is better for you will depend on a few factors. If you value predictability and want to protect yourself from potential price increases, a fixed-rate plan may be right for you. If you’re open to the possibility of price fluctuations and you want the ability to adjust as prices change without a penalty for early cancellation, a variable-rate plan might be more suitable.
Gexa offers both fixed-rate plans and variable-price plans, including a variety of specialized fixed-rate plans based on your needs:
- Electric vehicle (EV) plans
- Solar and battery plans
- Usage credit plans
- Smart device plans
You can browse and shop each of the plans available in your area.
Gexa Energy purchases renewable energy credits (RECs) from renewable generation resources throughout North America to match 100% of the energy sold under your electric plan. The RECs Gexa purchases represent the renewable attributes of power generated from a variety of renewable energy sources, including, but not limited to, the sun, wind, geothermal, hydroelectric, wave or tidal energy, and biomass or biomass-based waste products, including landfill gas.