Compare energy pricing plans
Electricity retailers each have a range of pricing plans to suit different types of customer.
Smaller energy users’ bills usually have two cost components:
- Fixed daily charge – covers meter rental, meter reading and usually a fixed fee charged by the network operator or lines company. Displayed as cents per day (c/day).
- Variable rate charge – this is how much electricity you use (displayed as units or kilowatt hours kWH) and the variable rate (displayed as cents per Unit or kilowatt hours c/kWH).
Larger energy users’ bills usually have three cost components:
- Energy charges – energy consumption over a time period multiplied by an energy cost (c/kwh). The energy cost is either a contracted or spot price, depending on your contract.
- Network charges – passed on from your local network or lines company. They depend on your connection type.
- Other charges – can include metering charges, administration fees, levies and GST.
Sometimes you can save money on your power bill just by changing your pricing plan. Look at all cost components when comparing different suppliers. Check energy suppliers’ websites for notes and graphics explaining their charges, and contact them directly to see if they can offer a better deal.
Count vehicle fuel costs as part of your energy use
Vehicle fuel cost components are volume, price and kilometres. Track these to compare vehicles in your fleet being used for the same task. You might find you could do the same job with a more fuel-efficient or electric vehicle, or manage with fewer cars. If you use GPS vehicle tracking, pull this data into the analysis as well. Drivers who regularly speed or hard accelerate could reduce emissions and save fuel by driving more efficiently.