Belgian gas and electricity supplier Mega – part of Swiss-based MET Group – announces the launch of Mega Cap, a capped variable energy contract offering an alternative to a fixed rate or a traditional variable plan. By combining a variable rate with a guaranteed price cap, Mega Cap is more affordable than a fixed-rate contract and offers protection to households against sudden price increases.
As the winter season approaches, Mega is introducing a brand-new type of energy contract: Mega Cap. Between October and March, energy demand and prices tend to rise before falling again in spring. Against this backdrop, Mega is offering an innovative formula that allows following the market price trends whilst including a cap. In this way, households are protected from sudden price spikes but can still take advantage of any future price declines.
“Winter is a period when energy prices almost always rise, from autumn until March. With Mega Cap, consumers can face the season without fearing a surge in their bills, while remaining free to benefit from decreases when they do occur”, explains Thomas Coune, co-CEO of Mega.
The chart below illustrates typical fluctuations in energy prices over the course of a year and shows how the Mega Cap formula provides protection against increases whilst allowing consumers to benefit from price drops.
A hybrid contract: between fixed and variable
Unlike fixed contracts, which lock in an (often higher) price, or variable contracts, which are exposed to all market increases, Mega Cap offers the middle ground. The price follows market trends as with a variable contract, but it can never exceed an annual ceiling set at the time of subscription.
“Mega Cap is a completely new concept on the Belgian market. It’s designed for anyone hesitating between a fixed and variable contract – offering the flexibility of a variable rate with the security of a cap”, comments Thomas Coune. “In recent years, the price gap between fixed and variable contracts has widened considerably due to market volatility and geopolitical instability. Protecting your energy budget should not be a luxury! With Mega Cap, we are offering a truly affordable alternative to a fixed contract”, he adds.
Comparative overview of contract types
|
Contact type |
Advantage |
Disadvantage |
Target audience |
|
Variable |
Immediately benefits from market price decreases. |
Fully exposed to market price increases. |
Customers willing to take some risk to potentially pay less. |
|
Fixed |
Stable, secure price for one year. |
No advantage when prices drop. |
Customers prioritising stability and predictability. |
|
Mega Cap |
Protects against increases thanks to a price cap, while benefiting from decreases. |
Slightly less protection than a fixed contract in the event of a sharp and prolonged price surge. |
Customers looking for a balanced compromise: protection from price rises while still benefiting from decreases. |
An innovative product on the Belgian market
The Mega Cap plan is available from Mega in Wallonia and Flanders for residential customers, self-employed professionals and small businesses. It is also available in Brussels for residential customers through a partnership with Testachats. The contract is open-ended and automatically renewed, giving customers continuous protection without long-term commitments.
Each year, the contract will be automatically renewed at the most advantageous rate, after customers have been informed of the new conditions (updated pricing formula and a new ceiling). With this model, Mega is introducing to the Belgian market a “protected variable rate” mechanism, a concept that is entirely new in the local energy sector.
The Mega Cap contract is available online via Mega’s website.
About Mega
Mega is a low-cost energy supplier for individuals, SMEs, and large companies, as well as a provider of low-cost mobile phone subscriptions for families and businesses. Mega promotes a simple and cost-effective approach, combining energy and mobile services in a bundled offer to help households better manage their monthly expenses.
Founded in 2013 by two entrepreneurs from Liège (Belgium), Thomas Coune (co-CEO) and Michaël Corhay (co-CEO), the company is now the fifth-largest energy supplier on the Belgian market. Mega (Power Online SA) favours the direct purchase of green energy (wind and solar) from local producers and complements its supply on European markets. Mega serves nearly 500,000 customers and employs around 160 people across its offices in Liège, Leuven and Rotterdam (Netherlands).
Since 2025, Mega has been part of MET Group, an integrated European energy company headquartered in Switzerland, with activities in natural gas and power markets. MET is present in 21 countries through subsidiaries, 32 national gas markets, and 44 international trading hubs. The company's 1,350 employees represent close to 60 nationalities.
For more information: www.mega.be