Energy companies under fire over move to 'punishing' time-of-use tariffs

Households are having their electricity tariffs changed to so-called time-of-use rates, which charge them more at peak times.

Ms Hyde said the shocking bill came after changes were made to the way her property was charged for electricity.Instead of paying a flat rate throughout the day, her property has been moved on to a so-called time-of-use, or cost-reflective, tariff. The industry says time-of-use tariffs will make the electricity system more efficient by sending consumers price signals about the underlying costs of their power.

But the regulator also noted that the Australian Energy Market Commission , which sets the rules in the NEM, had "reached the view that the rollout of smart meters had progressed too slowly".As a result, the AEMC last August called for a mandatory rollout of smart meters to ensure every household had one by the end of the decade.

But he argued the implementation of the tariffs had been poorly handled by regulators and the industry. "As a result, they can't even start to make decisions about whether there's any way that they could move their demand for electricity use through the day.Much worse, he said, the tariffs were entrenching inequality and badly hurting many of the people who could least afford it.

She works full time at a local charity and cannot easily change when and how she uses electricity to reduce her exposure to peak prices.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Energy stocks GNX: The ASX is not the place for pure energy transition betsThe ASX just hasn’t cracked it as a destination for the next wave of green electricity generators. Genex Power is the latest to be worth more in private hands.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »

Clean Energy Council: Investment in renewable energy slumps 80pc as 2030 climate target fadesThe peak body for the renewables industry said the low level of commitments to new projects last year was due to grid bottlenecks and slow planning approvals.
Herkunft: FinancialReview - 🏆 2. / 90 Weiterlesen »

Australia’s largest online weight-loss business at loggerheads with regulatorsOne of the nation’s fastest-growing technology start-ups has accused Australian medical regulators of damaging patient outcomes.
Herkunft: brisbanetimes - 🏆 13. / 67 Weiterlesen »