What electricity tariffs, and what are the different types?

A tariff is the pricing structure an electricity retailer charges for energy consumption. When you own a battery or are considering buying one, it’s important to be on the right plan.

There are three types of electricity tariffs:

• Flat rate;
• Time-of-Use (including flexible pricing); and
• Controlled Load.

Flat rate, also known as a single rate, standard rate, anytime rate or peak rate, this is a fixed price tariff. This means that you pay the same rate no matter what time you use energy.

Time-of-Use (ToU) tariffs are variable rates. This means that different energy prices are set throughout the day.Often, they are cheaper at night and more expensive in the mornings and afternoons.

Controlled load tariffs, also known as dedicated circuit consumption, are only applied to certain appliances such as:

• slab or underfloor heating, and/or
• electric hot water systems.

Electricity retailers charge a different rate for the energy used just on that electrical circuit. The circuit will have its own meter. Note: Reposit doesn’t monitor controlled load circuits.