What are Electricity Tariffs?

Understanding Electricity Tariffs in Queensland

With the price of energy rising, it’s time to know what your tariff options are and how to understand your electricity bill. Tariffs can be confusing with the energy jargon and all the different tariffs out there but what does it all mean?! 

To simplify electricity (and gas) tariffs, we’ve decided to pull together all the tariff essentials and break it down for you. If you would like some further information or assistance with your home or workplace electricity tariffs and meters, give the electrical team at Fallon Solutions a call today on 1300 762 260.

Electricity tariffs in detail

Flat rate tariffs: Energy usage is applied at the same flat rate at all times. It is also called peak, flat rate, standard or demand.

Time of use: Depending on the time of day, a different rate is charged for usage. Electricity is most expensive on weekday afternoons and early evenings, and cheapest late night through to the early morning.

Demand tariffs: Demand tariff charges are based on the demand that you place on the electricity network. Your demand is measured over 30 minute intervals that are set by the electricity distributor in your area and you are billed based on your highest demand during that period.

Off peak tariffs: Off peak times refer to when the electricity network usage is low leading to electricity prices being lower during these times. Off peak times are usually at night and weekends.

Controlled load: Electricity use of large standalone appliances, such as the hot water system, are referred to as controlled load usage. Controlled loads are metered separately from the rest of the property and are billed at off peak rates. The price is lower as electricity will only be supplied during off peak times.

Solar feed-in tariffs: Any electricity that your home’s solar power system sends back to the grid is credited on your bill after you have been charged for electricity.

Choosing a tariff depends on your meter

Initially, your tariff will be set up by your energy distributor. Selecting the right tariff for you could reduce your bills, but this will depend on the type of meter that you have:

• Basic meter – Flat rate peak tariff will apply
• Digital meter – You qualify for a peak and off peak tariff. If you also need a controlled load, this will normally be a separate meter within your meter box. 
• Smart meter – You qualify for peak, off peak and controlled load tariffs

References:
https://www.qld.gov.au/housing/buying-owning-home/energy-water-home/electricity/electricity-prices/electricity-prices-tariffs
https://www.aer.gov.au/consumers/my-energy-bill/tariff-and-fees-explained
https://www.energyaustralia.com.au/home/electricity-and-gas/compare-electricity-and-gas-plans/tariffs
https://www.canstarblue.com.au/electricity/electricity-tariffs-and-charges-explained/

24/7 Emergency Electricians

Our master plumbers & electricians are available 24/7 for emergency services in Greater Brisbane and the Gold Coast. Offering you peace of mind in stressful circumstances, you can trust that a Fallon Solutions plumber will be there promptly when you need them.

Electrical emergency services are available to residents of:

• Brisbane
• Ipswich
• Logan
• Moreton Bay
• Redlands
• Gold Coast

For residential or commercial plumbing emergencies, call us on 1300 054 488.