Poorer households ‘may lose $300 a year’ under new power pricing

Poorer households ‘may lose $300 a year’ under new power pricing

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 Power Pricing Costs Australians Up To AU$300 More Annually, Report Finds

Australian energy market is set to undergo a significant shift, which brings consumers under complex power pricing plans. These plans, including dynamic tariffs, aim to reduce energy consumption during peak hours when production costs are higher.

Dynamic pricing yet to deliver for many Australian households, report finds

In the ever-evolving landscape of energy consumption, Australian households have been introduced to dynamic pricing structures, such as time of use and demand tariffs, with the promise of cost savings and more efficient energy use.  However, a new report by Energy Consumers Australia suggests that many consumers have yet to fully realise the anticipated benefits of these pricing models. The report, titled Consumer Energy Report Card: Consumer kn…