Electricity pricing (sometimes referred to as electricity tariff or the price of electricity) varies widely from country to country, and may vary significantly from locality to locality within a particular country. There are many reasons that account for these differences in price. The price of power generation depends largely on the type and market price of the fuel used, government subsidies, government and industry regulation, and even local weather patterns.
What is a tariff?
All the information you need when it comes to small business electricity and gas tariffs. A tariff is the pricing structure a retailer charges a customer for energy consumption. It’s divided into two parts:
The variable charge relates directly to how much you consume. Tariffs vary depending on your energy distributor.
The three types of energy tariffs
Not all offer types are available in all states
Types of tariff structure for electricity
Types of variable charge tariffs for gas The tariff structure for gas depends on your state
Basis of electricity rates
Electricity prices vary between countries and can even vary within a single region or distribution network of the same country. In standard regulated monopoly markets, electricity rates typically vary for residential, commercial, and industrial customers. Prices for any single class of electricity customer can also vary by time-of-day or by the capacity or nature of the supply circuit (e.g., 5 kW, 12 kW, 18 kW, 24 kW are typical in some of the large developed countries); for industrial customers, single-phase vs. 3-phase, etc. If a specific market allows real-time dynamic pricing, a more recent option in limited markets to date typically following the introduction of electronic metering, prices can even vary between times of low and high electricity network demand.
The actual electricity rate (cost per unit of electricity) that a customer pays can often be heavily dependent on customer charges, particularly for small customers (e.g. residential users).
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