A consumer report has found dynamic power prices such as time-of-use and demand tariffs were largely failing to help consumers or the broader grid.
Dynamic electricity prices like time-of-use tariffs are often costing consumers more, in particular poorer households, according to a new report.
Among them are time-of-use tariffs, which charge people more for power at peak times and less at others. "On average, these two appliances would likely account for no more than 10 per cent of home energy use," ECA wrote in its report.It said this was a "worrying" finding given the importance of heating and cooling to health and the typically patchier insulation in low-income homes.Like millions of Australians, Doreen Fawcett is grappling with a nightmare of unwanted power bill complexity. Calls for simplification are growing.
"Australian homes are generally poorly insulated, and maintaining a comfortable internal temperature is very important for health." Across Australia, huge numbers of consumers are slowly waking up to the presence of mysterious new power charges on their bills. "Without this, demand tariffs plans are unlikely to change customer behaviour .Meanwhile, the Australian Competition and Consumer Commission said the growing complexity of power pricing made it increasingly difficult for many consumers to make head or tails of the market.
ECA said it would be important for those consumers — and the broader electricity system — to foster such changes and encourage households able to benefit from dynamic pricing.Despite this, it sounded a note of caution, warning that many other households would be unable to ever afford such options and should not be unduly punished.
Smart Meter Time-Of-Use Tariffs Demand Tariffs Smart Appliances Solar Rooftop Solar Energy Industry Smart Tech Comumer Protection Utility Prices Cost Of Living Electricity Use Cost Of Aircon Cost Of Heating
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