If you upgrade to a new meter, you'll be automatically put on a time-of-use pricing plan if you are in the ACT. But you may also like to consider demand pricing. Here's more information so you can find the best pricing plan for you.
What is time-of-use pricing?
Time-of-use pricing is a powerful way to save money by taking advantage of different electricity prices at different times of the day. The cost of electricity is highest during peak periods and cheapest during off-peak periods. With time-of-use pricing, you save money by changing your habits and using your appliances during ‘shoulder’ and ‘off-peak’ periods rather than ‘peak’ periods.
How is time-of-use pricing calculated?
Time-of-use pricing is made up of four charges. For a home, this includes:
- Supply charge: A fixed price per day.
- Energy consumption at 'peak times': c/kwh rate applied to your usage between 7am - 9am AEST, and between 5pm - 8pm AEST daily.
- Energy consumption at 'shoulder' times: c/kwh rate applied to your usage between 9am - 5pm AEST, and between 8pm - 10pm AEST daily.
- Energy consumption at 'off-peak' times: c/kwh rate applied to consumption for all other times.
For a business this includes:
- Supply charge: A fixed price per day.
- Energy consumption at 'peak times': c/kwh rate applied to your usage between 7am – 5pm AEST on weekdays.
- Energy consumption at 'shoulder' times: c/kwh rate applied to your usage between 5–10pm AEST on weekdays.
- Energy consumption at 'off-peak' times: c/kwh rate applied to consumption for all other times.”
Tips for managing time-of-use at home
- Which appliances could you use during off-peak and shoulder periods? Think about changing when you use the dishwasher, clothes dryer and washing machine. This is called 'time shifting'.
- 'Set and forget' appliances like dishwashers by plugging timers into power points for appliances that don't already have a timer built-in.
- Set your air conditioner to a more energy-efficient heating or cooling temperature. For winter this would be between 18 - 20 degrees and for summer this would be 23 - 25 degrees.
Learn about your usage
You may already have a meter that is capable of having time-of-use pricing at your property. Eligible meters for this pricing plan are the time-of-use meter and the smart meter. Unsure whether this applies to you? Check out our helpful page on meters for more information.
A smart meter means you can track your electricity usage and make the most of time-of-use pricing.
With a smart meter, you’ll learn about your household’s yearly, monthly and daily electricity consumption, including how much you’re using at different times of day. Data is available in 30 minute increments in My.ActewAGL.
You’re in control
With a demand pricing plan, you can see your electricity usage and peak demand patterns by logging in to your My.ActewAGL account.
The lower your half-hourly usage in the peak demand period, the lower your demand charge will be, reducing your overall bill.
Why move to a demand pricing plan?
Each household is charged for the level of demand it places on the network during the daily peak period.
Outside of this daily peak period, you'll have access one of the lowest electricity usage charges of all of ActewAGL’s plans. If you can spread your usage outside the peak period, there are real savings to be made.
A demand pricing plan gives you an opportunity to lower your electricity bills, simply by using some appliances outside the daily peak period.
How it works
Demand pricing measures residential demand on the electricity network during the daily peak demand window.
This window is when the biggest overall load is placed on the network by households. Demand pricing is designed to reflect the cost to the network of this load in a more equitable way.
Learn more about how demand pricing is calculated.
Make demand pricing work for you
Shift your usage
Time-shift some appliances like dryers and washing machines to outside the peak period. You can set and forget by plugging timers into power points for appliances that don’t have a timer built in.
Spread your usage
Spread out your individual appliance usage over the peak period. This will help you avoid a big peak during any 30 minute interval.
Consider gas for some of your energy needs.