What electricity tariffs, and what are the different types?
A tariff is the pricing structure an electricity retailer charges for energy consumption. When you own a battery or are considering buying one, it’s important to be on the right plan.
There are three types of electricity tariffs:
- Flat rate;
- Time-of-Use (including flexible pricing); and
- Controlled Load.
Flat rate, also known as a single rate, standard rate, anytime rate, or peak rate, is a fixed price tariff. This means that you pay the same rate no matter what time you use energy.
Time-of-Use (ToU) tariffs are variable rates. This means that different energy prices are set throughout the day. Often, they are cheaper at night and more expensive in the mornings and afternoons.
Controlled load tariffs, also known as dedicated circuit consumption, are only applied to certain appliances such as:
- slab or underfloor heating, and/or
- electric hot water systems.
Electricity retailers charge a different rate for the energy used just on that electrical circuit. The circuit will have its own meter. Note: Reposit doesn’t monitor controlled load circuits.
How does a Time-of-Use(ToU) tariff work with Reposit?
Reposit does its best work when you’re on a ToU electricity tariff. It enables the pre-charging feature for your battery.
On sunny days Reposit will recharge your battery from excess solar power, storing it for you to use when electricity prices are high. When it’s cloudy, Reposit will pre-charge your battery from cheap overnight power so you have what you need during the day. With Reposit, you’re only connected to the grid when you have to be, and when energy prices are at their lowest.
How do I change my estimated cost on the app?
If you are on a flat rate tariff, you can enter the rates on the Reposit App and our team will be updating the rates for you.
The other option is to email us a copy of your latest electricity bill to support@repositpower.com. If you don’t have an electronic version – you can always take a photo of the pages (front and back) and send them through as a picture file.
Recently changed electricity providers?
Please email a copy of your retail contract or provide us with the new rates by writing to support@repositpower.com to adjust to the correct tariff.
What is the best tariff?
Every household is different and hence the consumption pattern differs. We are not in a position to advise the best tariff but can suggest by studying the house consumption pattern over a period of time. Please send an email to support@repositpower.com