What is the electricity cost per kwh in australia comparing options electricity formulas grade 9

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When you have a look at your electricity bill, as well as noticing the surprisingly large fee you’re required to pay (thanks to the rising utility costs around the country), you might also notice some terms thrown around, like units and blocks. Understanding the terms on your bill can help you get a better idea of just how much electricity you’re using, and help you understand your electricity cost per kWh (or kilowatt hour, as it might also be written), which in turn can help you pinpoint how and where you can save money and reduce your electricity costs.Read below to know how much actually is electricity cost per kwh in Australia.

To help you understand your bill in detail, we’ve broken it down for you, so you can get to know what each term means and why it’s on your bill, our goal is to help you compare electricity options, rates, bills and providers. Understanding your electricity bill

In the current electricity market climate, it pays (literally) to understand exactly what makes up your electricity bill. More than just the cost of your electricity per kilowatt hour, we want to make sure you know why you’re getting charged the rate you are, and what you can do to reduce your costs.

• Network charge: Sometimes your supplier adds a network charge to your electricity account. This may also be listed as a “distribution charge”, and is added to each account to help pay the upkeep costs for maintaining the poles and wires in your area.

• A time of use tariff, where the rate you get charged per kilowatt hour changes depending on when during the day you use your electricity. This structure usually sees higher rates charged during the day and early evening (“peak” hours), and lower rates charged overnight and early in the morning (“off-peak” hours).

• A controlled load tariff, which is an electricity meter specifically for individual high-draw appliance operating at your address, like your pool pump or electric hot water heater. This tariff applies to that appliance only, but you can have more than one controlled load operating at one address.

Your electricity retailer is also required to include an energy consumption graph on your bill, which displays how much electricity you’re used for this billing cycle, and shows you your total use for the past year. This is particularly handy, as you can use it to get a rough idea of your electricity usage habits and work out where you may be able to reduce your use (and save!).

When it comes to your charges, the cost of your electricity is normally charged per unit of electricity, such as cents per kWh in households and small businesses throughout Australia. For larger companies and large quantity electricity needs, electricity may be charged in dollars per megawatt hour in some cases.

As you can now tell from your bill, the amount that you pay for your electricity is determined by a fixed supply charge or a certain amount of cents per day. This is added to your regular electricity usage charges, which are priced at an electricity cost per kWh (cents per kWh).

The more electricity you use, the higher your daily usage charges will be. This is a concept that is easy to understand for most homeowners, and it is used by electricity retailers to encourage consumers throughout Australia to conserve electricity and save on their power bills.

To give you a better example, as of July 2011, the Queensland Competition Authority ( QCA) increased notified tariffs for all Queensland households by 6.6%. For a basic household electricity tariff for general domestic usage, electricity is supplied continuously day and night to all household appliances. This domestic tariff in Queensland is also used for power and light sources in homes, flats, and housing units.

However, since off-peak electricity for night-time usage is much less expensive when electricity is in low demand, the off-peak electricity cost per kWh in Queensland at this time was little as 9.284 cents per kWh. What a dramatic difference! That is why is so important to compare electricity options

It’s important to keep in mind that these are average prices, so whichever retailer you might be with may offer different rates. It might skyrocket to anywhere from 30 to 50 cents during peak hours, or be as low as 13 cents during off-peak times.

But if you want to make long-lasting changes to your electricity use, it’s a good idea to work out the amount of electricity each of your appliances uses, so you can determine whether or not you need to upgrade to a newer energy efficient model. All it takes is some detective work and some maths.

• Have a look around and see how much power each of your appliances uses, in kilowatts. You can usually find this information on a sticker somewhere on the appliance, or in the user manual. If the appliance’s use is rated in watts, simply divide that number 1000 to get its rating in kilowatts.

• Do a quick estimate of the appliance’s hourly running cost by multiplying its input power rating by the price of your electricity per kilowatt hour. For example, if your dishwasher uses 1500 watts per hour, and your electricity cost is 35 cents per kilowatt-hour, then you can work out that this costs 52.50 cents per hour to run: (1500 ÷ 1000) x 35 = 52.50.

• Make another estimate as to the average time for which you use that appliance. To do this, just multiply its cost per hour by the average number of hours you use it. For example, if your dishwasher’s cycle is 30 minutes, and you run it eight times each week, then you can work it out that you pay $2.10 a week to run your dishwasher.

Now, while we can’t help you conserve electricity (although we do have some great tips to help you do this) or change when you use your electricity, we can help you undertake an electricity retailer comparison, so you can get a better rate for your energy use, and take a chunk out of your electricity cost per kWh.

With the use of our free, easy electricity comparison service, you’ll see what savings are out there for you. ElectricityWizard will help you to compare energy prices in your area, so you can get cheaper rates in a matter of minutes! Compare and you could save today!

*Disclaimer: ElectricityWizard compares your rates with the rates of our partner retailers, with the view of providing you the best overall offer from: AGL, Alinta Energy, ERM, Lumo, Momentum, Origin Energy, Powerdirect, PowerShop and Sumo. “Up to 37%” listed is off electricity usage with one of our partner retailers off their published standard retail contract usage rates, for residents in VIC and is subject to terms & conditions. NSW, SA, QLD residents will have access to different discounts. Listed discounts & possible savings vary for consumers and businesses depending on distribution areas, residing state, electricity/ gas accounts, tariff type and are subject to change with no notice. Testimonials are obtained from real customers that have signed up through ElectricityWizard. Offers do change from time to time, so please speak with an energy representative to discuss what offers are available for you today. Some customers may be able to upgrade their energy plan, subject to terms and conditions.