Time of use pricing

Customers with interval meters can choose to go on a time of use tariff with their retailer. This means your electricity use is charged at different prices during three different time periods – peak, shoulder and off peak. This type of pricing provides incentives for you to save money by shifting your usage out of peak periods to less expensive shoulder and off peak periods.

Prices are cheaper in off peak and shoulder periods – that’s 83% of the time (there is no peak period on weekends and public holidays), and more expensive during peak periods.

Typical electricity usage

Typically households use almost 80% of their electricity in the shoulder and off peak periods. Remember that electricity use varies from household to household and from season to season, particularly when large appliances such as air conditioners, portable heaters, swimming pool pumps and clothes dryers are used.

Changes to Time of Use peak periods

From 1 July 2018 we are introducing seasonal peak periods, to reduce the number of months the peak periods apply. 

During Spring and Autumn there will be no peak periods, reflecting the reduced energy needs of our customers during this time and the decreased impact that has on the network. The shoulder period will be extended to this timeslot.

In Summer, between 1 November and 31 March, the peak will be 2pm - 8pm.

In Winter, 1 June and 31 August the peak for households will be 5pm to 9pm and for businesses it will be 2pm to 8pm. 

Ways to save

Check out our range of advice to better manage your energy use and make the most of Time of Use pricing to save on your bills:

  • Turn you dishwasher on before you go to bed (off peak) rather than straight after dinner (peak/shoulder) 
  • Avoid using the clothes dryer where possible. If you have to use it, use it on the weekend or after 8pm during the week (shoulder). 
  • Run you pool pump during shoulder periods and you could save about $250 a year. If you have a quiet pump or are located a long way from your neighbours you may be able to run it over night, saving even more.  
  • Use a fan instead of air conditioning on milder days. A ceiling fan costs less than 5 cents an hour to run in peak periods.