fixed price

noun

1. a price established by a seller, by agreement or by authority, as the price to be charged invariably.

Other Word Forms

• fixed-price adjective

Word History and Origins

Origin of fixed price¹

First recorded in 1905–10

Example Sentences

The government agrees to pay them a fixed price for the electricity they produce for a set period, now up to 20 years, and up to a maximum price known as the Administrative Strike Price, or ASP.

From BBC

GEL also agreed a fixed price for the electricity it buys from France with EDF, France's government-owned power company.

From BBC

GEL said it had bought wholesale electricity at a fixed price since 2017, which shielded islanders from "the significant price rises seen in the UK" and had saved customers "more than £70m".

From BBC

Under the legal settlement, the Water Authority will now pay a fixed price to MWD for delivering these supplies, starting at $671 per acre-foot in 2026, with annual adjustments for inflation.

From Los Angeles Times

It does that by agreeing a fixed price - or strike price - that they will be paid for each unit of electricity generated for 15 years into the future.

From BBC