Get the best commercial electricity and natural gas rate from top suppliers.
EnergyBot is an innovative energy broker transforming the energy procurement process for businesses.
Driven by a proprietary technology platform, EnergyBot is the first online energy broker to leverage modern AI technologies and industry-specific data to offer your business a simpler process and completely transparent experience – ultimately reducing your annual energy costs.
We work with the top local and national commercial energy providers to find you the best electricity rates possible.
Suppliers offer many different types of plans for residential and business consumers. At a high level, the suppliers offer two types of plans: fixed rate or variable rate.
Each plan has its pros and cons. If you live in a deregulated market, it’s up to you to research the local suppliers and plans to find the best plan for your home or business.
The simple definition of a fixed rate plan is that you are signing up for a contract with a fixed rate. That rate will remain constant for the term of the contract. Regardless of weather, natural events like hurricanes, or market volatility, your rate will not change. In most cases, fixed rate plans will have a term length of 12, 24, or 36 months.
The simple definition of a variable rate plan is that you are signing up for a contract with a variable rate. The rate will change on monthly basis based on market factors. Variable plans offer more flexibility but also present more volatility in pricing which may affect your monthly electricity bill.
It is important to weigh the pros and cons with your unique situation and select the right plan, fixed plan or variable plan, before signing a long term contract with an energy supplier.
View more energy data using the Energy Information Administration's electricity data browser.
In a deregulated energy market, residential or business consumers can switch plans at any time.
If you are locked into a longer term contract with a supplier, you can still switch to another supplier. You will just pay a switching fee. Switch fee differ by contract and supplier. Before switching, take time to read the terms of your contract and do that math to figure out if switching will offer cost savings in the long run.
If you have questions about switching, contact our customer support team.
