Fixed vs. Variable Rates – Which One Should You Choose?

Georgia natural gas marketers typically offer two types of rate plans: fixed or variable.

• A fixed rate plan allows you to rest easy knowing your bill will won’t vary from month to month. It locks in a specific price-per-therm when you commit to a contract, typically between 6 and 24 months long. As natural gas rates fluctuate in the Georgia market, your fixed rate may be higher or lower than the variable rate. The upside is your per-therm rate is guaranteed to remain stable, so you won’t run the risk of an unexpected price increase.

• A variable rate plan, on the other hand, is for people who prefer more flexibility. It doesn’t require a contract, so you can cancel any time – without a penalty. With this type of plan, the price-per-therm can fluctuate from month to month with the cost of natural gas. Depending on natural gas prices at the time, this could decrease or increase your bill.

Not sure which one is right for you? Take our 60-second personality quiz to find out.

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