Fixed daily supply charges come from regional electricity distributors, while variable usage charges come from your chosen electricity retailer. Here are some ways to adapt electricity use and save on energy bills.
Single rate tariffs – A good plan if you want the kW/h charge to remain the same 24/7.
Time of use tariffs – Peak, shoulder, and off-peak rates for different times of the day.
Controlled load tariffs – Useful for stand-alone appliances, such as a hot water cylinder.
Retailers thrive in the competitive Victorian electricity market by adjusting their market offer, kW/h usage charges, time of use charges, and other charges. Your new energy plan should include an understanding of your household electricity usage times during the day, night, and weekends.
In addition, you should always keep an eye out for special contract features, discounts, and incentives that are specifically designed to attract new customers. In fact, in the deregulated energy market, GoSwitch recommends checking back annually for new, improved, and updated energy deals. Discounts include:
Conditional discounts – apply when specific conditions are met, such as on-time bill payment.
Guaranteed discounts – apply for the entire contract term, without additional conditions.