![]() Calculations based on daily electricity usage of 20 units. The following table shows annual costs for a household on the Synergy single rate tariff, plus all three time of use examples. We found that, based on the above assumptions, households on a time varying tariff would be better off in all three cases – more than $300 a year in one case. In time of use example 3, we assume that a household uses 30% of its energy at peak times, 30% during off-peak hours and 40% during shoulder periods.In time of use example 2, we assume that a household uses 30% of its energy at peak times, 40% during off-peak times and 30% at shoulder periods.To do this, we assume in time of use example 1 that a household uses 40% of its energy at peak times, 30% at off-peak times and 30% at shoulder periods.We also show expected costs for households on the single rate tariff. Based on varying assumptions around peak, off-peak and shoulder time electricity usage, the following table shows expected annual bills for typical households in the Perth area on the time of use tariff. To offer a guide as to which Synergy tariff works out the cheapest overall, Canstar Blue has done the number crunching. So what does all this mean? It means that choosing the product best for your circumstances comes down to when you use power – and how much you use. Peak time prices on the Home Smart Tariff are close to double those of the A1 Tariff. Usage rates with the Midday Saver Tariff come in noticeably cheaper than usage rates on the A1 Tariff during off-peak times, but there is minimal difference between A1 Tariff rates and shoulder charges on the time of use plan. Working out which of these two Synergy electricity tariffs will be cheaper for your household is no easy task. Households must have a smart meter installed to access Synergy’s time of use electricity tariff. Super Off-peak rates apply between 9am and 3pm every day.Off-peak rates apply between 9pm and 9am every day.Peak usage rates apply between 3pm and 9pm every day.While the daily supply charge with Synergy’s time of use tariff is the same as its single rate plan, you can see how dramatically usage charges vary, from as low as 8.00c per kWh to as high as 50.00c per kWh. The usages times are split into three categories – peak, off-peak & ‘shoulder ’ (the time between peak and off-peak) – and rates vary significantly. With it, customers are charged different electricity usage rates depending on the time of day they use power. This is Synergy’s flexible pricing, or ‘time of use’, tariff for households in Perth and the surrounding areas. Synergy describes this tariff as its most simple and says it will result in easy to understand bills. ![]() Usage and supply charges are as follows: Charge With this tariff, households are charged the same electricity usage rate regardless of the time of day they use energy. This is Synergy’s single rate tariff for households in the Perth area. Picking the right tariff for your household’s needs is crucial to reducing your bills. While there is no electricity competition in the Perth area, there are at least two different electricity tariffs to pick from, resulting in different usage rates and varying overall energy costs. The gas market in WA is also still regulated, but there are six different gas suppliers to choose from, which is proving good for competition. ![]() It’s a similar story in regional WA, with Horizon Power the sole electricity supplier. But for now, you have to make the best of the situation with Synergy. The governing Labor party in WA does broadly support the deregulation of the electricity market, so one day things could change. The prices that Synergy charges for power are regulated by the WA government. In this area, Synergy is currently the only authorised electricity retailer and there is no opportunity to switch. ![]() If you live in the south west corner of Western Australia, then your home will be connected to the South West Interconnected System – the electricity distribution network that supplies residential customers from Albany to Kalbarri, including metropolitan Perth. Which electricity retailer services the Perth area?
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