Help >>FAQs>> What are variable rates?

What are variable rates?

If your energy plan, tariff or contract is ‘variable’, your standing charge and the price you pay for your energy can fluctuate with wholesale energy prices.

Variable rates are available with our Smart PAYG or Traditional PAYG and that means your energy prices can go either up or down, according to what the wholesale market is doing.

If wholesale prices rise, we have to pay more for the energy we buy on your behalf, we pass that price rise on to you so you’ll pay more for your energy. Rest assured, we’ll always give you at least 30 days’ notice about price changes, so you'll have plenty of warning.

Variable plans have no fixed term at all, so you can leave whenever you want, with no exit fees or termination charges.

Can I choose whether I join Boost on a fixed or variable plan?

Smart PAYG or Traditional PAYG are both variable plans. These are designed to be flexible with your energy without being tied into a contract for a fixed amount of time.

Is this page useful?