Working from home this time of the virus period? You can save electricity by simply changing your tariff rate. But which type of tariff is right for you?

Working from home this time of the virus period?
You can save electricity by simply changing your tariff rate.

But which type of tariff is right for you?

A tariff is the way you get charged for your energy.

Choosing the right tariff for you can help reduce what you pay for your energy.

To help you work out what’s best for you, we’ll explain:

what the different tariffs are, and
how they work.

Electricity tariffs

There are three types of electricity tariffs:

- single rate, time of use, controlled load, and demand

With single rate tariff plan there are no peak or off-peak periods. This means that you pay the same rate whatever time of day you use energy.

The rate is usually lower than the peak rates of a time of use tariff. This means a single rate plan could be a good choice if:

You are at home a lot in the evening Monday to Friday.
You need to use your appliances more Monday to Friday, like your washing machine or dishwasher.

Single rate tariffs are sometimes called:

flat rate
standard rate
anytime rate, or
peak rate.

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