|Electricity Tariff Comparison|
Nowadays a lot of Aussie homes appear to be on the recently introduced Time Of Use electricity tariff, where power is priced at different rates, depending on the time of the day it is used.
The main issue we have with this tariff, is the very expensive cost of power between high demand times, for example in Sydney between 14:00 and 20:00, where it is not uncommon to be charged almost 50 cents per kWh.
Often 25% of the total electricity bill relates to this high cost power and the householder is congratulated about this by the electricity retailer, but alarmingly it relates to 50% of the total costs!
Some homes connected to this type of tariff have little choice to not using power at these times, for example young families or the elderly.
So if you are a home using a lot of power during these times and not necessarily able to use the power at the cheaper times during the night, to compensate for the high cost power, then this tariff may not be the best option for you.
So how do you find out if the TOU electricity tariff is the best or not for your home, well we would suggest you install a simple total home electricity monitor with software that will analyse two or more electricity tariff types against each other. With the results being based on your usage and the times of the day this usage occurs.
Remember in most cases you can get the electricity tariff type you want. If you are not being offered other electricity tariff types then we would suggest you talk to another electricity retailer, whom has different offers on the table. Metering type should be an issue as often you can get this changed, with many electronic meters supporting all tariff types.
This blog post brought to you by Aussie Home Energy, a major player in the HOME ELECTRICITY SAVING SERVICE industry in Australia.