Sydney: Get ready for peak energy prices this winter - Canstar Blue

Sydney: Get ready for peak energy prices this winter – Canstar Blue

Sydney residents will need to monitor their energy use during peak periods as winter tariffs start next month.

From June 1 to the end of August, Sydney residents live in Usgrid network A higher rate will be charged for electricity consumption during a peak four-hour period, which takes place on weekdays from 5 pm to 9 pm.

This rate will affect customers who are on a time-of-use tariff, which charges a different energy usage rate depending on the time of day.

Jared Mullane explained that some consumers will need to reassess their energy needs and shift the bulk of their energy use off peak periods to avoid winter bill shock.

“Sydneys on seasonal usage tariffs might be surprised the next time their bill arrives, especially if they use the most electricity in the afternoons and evenings on weekdays,” he said.

“That’s why it’s so important to check your family’s energy habits around winter peaks and change of use where you can. And if you don’t know what kind of tariff you’re using, it’s time to check.”

Recent Canstar Blue research found that one in five customers in NSW have been on Usage time tariffwhile the majority either did not know their tariff type (43%), or were on One price tariff (37%).

Ausgrid families on seasonal time-of-use tariffs typically pay higher rates during peak periods of winter and summer, due to increased demand on the power grid.

The seasonal time-of-use tariff was introduced on the Ausgrid network in July 2018 as a way to “reduce the number of applicable peak period months”. During the months of April, May, September and October, the peak rate is not charged to bill payers.

Ausgrid is one of the three Electricity distribution networks in New South Wales Serving within Sydney, Gosford and Newcastle.

Compare single price energy prices in Sydney

Below, we have listed some of the cheapest electricity plans for customers on a single price tariff. Unlike time-of-use tariffs, these plans charge a flat rate for all energy usage, regardless of the time of day. Please keep in mind that these rates are based on a specific Sydney postal code.

Below are some of the cheapest deals posted from retailers in our database which includes a link to the retailer’s website for more details. These are products from referral partners†. These costs depend on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes an overall energy use of 3900 kWh/year for a residential customer on a single rate. Please use our comparison tool to make a comparison specific to your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase.

Ausgrid seasonal time-of-use pricing

The winter months on the seasonal Ausgrid tariff time run from June 1 to August 31, with peak times varying slightly for individual and business customers. Bill payers will get the most out of this tariff if they are able to use energy during peak periods or shoulder periods when electricity is generally charged at a lower rate.

Here are the relevant pricing times that consumers should be aware of, as reported by Ausgrid:

Resident clients

  • winter peak: Weekdays from 5 pm to 9 pm
  • winter shoulder: Weekdays from 7 AM to 5 PM and from 9 PM to 10 PM
  • Winter off-peak: Weekdays from 10 pm to 7 am, all days of the weekend

Commercial Clients

  • winter peak: Weekdays from 2 pm to 8 pm
  • winter shoulder: Weekdays from 7 AM to 2 PM and from 8 PM to 10 PM
  • Winter off-peak: all other times

What is the difference between the time-of-use tariff and the time-of-seasonal tariff?

With a standard time-of-use tariff (also known as a flexible pricing tariff), households and businesses are charged different prices for energy use depending on the time of day. Seasonal time-of-use tariff also applies Peak, shoulder and off-peak ratesIn addition to charging different prices in summer and winter.

These types of tariffs are designed to encourage Australians to reduce their energy use during times of high demand by offering much cheaper rates when there is less demand on the grid, otherwise referred to as off-peak periods. For some households, the time-of-use tariff may not be appropriate if power consumption cannot be avoided during peak times, such as weekdays between 5 PM and 9 PM, for example.

Only customers who have a file smart meter Installed in their property access to a flexible pricing tariff.

Image credit: fizkes / Shutterstock.com


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