Here's what the pricing on your electricity bill means.
Your electricity bill which you receive from your energy retailer is typically made up of a few parts:
The daily fixed charge which is typically a cents per day charge.
The variable charge which is a charge for the amount of electricity you use. These may be split and described as anytime (24hrs), hot water/controlled, peak, off-peak, or shoulder, depending on how many meters you have or what retail plan you are on.
Some retailers use other billing methodologies. For a good explanation of the parts that make up your bill, check out the Utilities Disputes Fact Sheet.
For further information on your bill, please contact your electricity retailer. You can view contact details at powerswitch.org.nz
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