Queensland has many energy deals for homeowners. While there are things you need to compare, the tariff should be looked at first.
What are electricity tariffs?
Tariffs are a framed structure which describes how you are charged for electricity that is used in both business premises and the home. Even though you might be paying the same rates for electricity use, you pay different tariffs which depend on the time of day or night. In some instances, different appliances are also charged at different rates. These are all different examples of what electricity tariffs are.
Who determines electricity tariffs in Queensland?
Electricity distributors determine the electricity tariffs in Queensland. Electricity distributors are the same companies that build and maintain power lines and poles where you get your energy from. In Queensland, you have two electricity distributors, Ergon Energy and Energex. Ergon Energy supply most areas across the state as the regional distributor. Energex supplies energy to south-east Queensland, reaching across Gympie in the north across NSW border west across Toowoomba.
Queensland electricity tariffs
On your electricity bill, you will have two types of charges that make up the costs, usage charges and supply charges. Supply is just to be connected to the grid, while usage is what you actually use and the amount you pay will depend on the tariff. As a Queensland resident, you are able to choose your provider including the different residential electricity tariffs. These include 11, 12, 31 and 33.
Tariff 11 is a single rate which is a standard tariff that ranges between 24 and 28 cents per kWh. Single rate tariff 11 might not always give you the best value but is your safest choice and when you look at an electricity provider, look for rates that are no more than 24 cents per kWh. Tariff 12 is the time of use tariff, tariff 14 is the demand tariff while tariff 31 is the super economy night rate.