NextEra Energy Services' fixed price electricity product give you term flexibility and price certainty. This electricity contract type works best for businesses that require budget certainty but have no need or interest in the flexibility to manage future carbon reduction regulations or utilize future technological advances designed to lower cost or carbon reduction. The price of electricity commodity is fixed through the initial term of the contract. You can select whether you want to fix the price of separate charges for components associated with retail electric supply, such as capacity and transmission.*
How Fixed Price Electricity Works
Actual market prices of electricity commodity fluctuate up and down every hour
- We de-risk this price volatility for you by purchasing electricity forward (set price, future delivered); we do the hedging for you.
Risk Level
- By fixing the price of electricity commodity, you allow us the opportunity to hedge your commodity risk when market prices fluctuate.
- This product costs the most but it eliminates electricity commodity price risk.
Product Overview
Product |
Standard Product (Fixed Electricity Commodity) |
Features |
Fixed electricity commodity price per kWh for the initial term of the contract. You can select whether you want to fix the price of separate charges for components associated with retail electric supply, such as capacity and transmission.* |
Contract |
Up to 96 months and even longer for creditworthy customers. |
Potential |
Low, due to the fixed electricity commodity price per kWh. |
Advantages |
|
Disadvantages |
If market prices fall and you have a contract with a long initial term, you could end up paying too much for electricity commodity. A fixed electricity commodity price may not be ideal if you’re planning to integrate behind-the-meter renewable energy at your sites, participate in demand response or make energy efficiency upgrades. Our Energy Optimization Approach and/or variable price products, such as the Block and Index Product can help give you the flexibility you want to keep your overall electricity costs low. |
Explore More Energy Options
Energy Optimization
Today’s commercial energy and sustainability strategies must include deeper insight. Our high-powered analytics tool can reveal cost-effective energy solutions for your organization.
Block and Index
This customized energy management strategy incorporates stability and flexibility. Here, you fix a portion of energy usage and any energy used above or below block volumes settle on an Index product.
Renewables & Reliability
Meet corporate sustainability goals through planning, reporting and renewable energy sources, and ensure energy reliability in your operations with our unique service offerings.
* All commercial products are subject to specific terms and conditions in the customer contracts. Only the price per kWh for electricity commodity is fixed. Charges imposed for all components associated with retail electric supply, such as capacity and transmission, are subject to increase under any adjustment provisions or change in law provisions set forth in the contract. Taxes and utility charges are also separate charges paid by customers. NextEra Energy Services makes no representation or warranty as to actual product prices, and/or the direction, trend, movement level or range of product prices and wholesale/retail electricity or natural gas market prices. Each customer must rely on its own judgment and advice from its advisors about these matters. Further, each customer is solely responsible for determination of its risk tolerance for any product and its decision to purchase any electricity product under any product structure. No communication - oral, written or electronic - from NextEra Energy Services or its affiliates will be deemed to be representation, assurance or guaranty as to the expected service or performance of any product. NextEra Energy Services operates through various affiliates.