Electricity tariffs, or pricing structures, influence how much you pay for your power. In Newcastle, several types of tariffs are commonly offered, each with its own advantages and potential savings:
Single Rate : This is the simplest tariff, where you pay the same price per kilowatt-hour (kWh) regardless of when you use the electricity.
Time of Use : With this tariff, the price per kWh varies depending on the time of day. You’ll typically pay more during peak hours and less during off-peak times.
Controlled Load : This tariff applies to specific appliances like hot water systems or pool pumps. You’ll get a cheaper rate for these appliances, but they may be controlled remotely by your energy retailer during peak periods.
In addition to usage charges, most energy plans also include a daily supply charge, which covers the cost of delivering electricity to your home. It’s also worth noting that solar feed-in tariffs are also available if you have solar panels. These tariffs pay you for any excess electricity your system feeds back into the grid.
The Australian Energy Regulator (AER) provides valuable information about different tariffs and how they work. We can help you understand the specifics and find the tariff that best suits your lifestyle and energy usage patterns.