How electricity tariffs work

Average customer rating: 4.3/5
Written by Tiana Lee-Collins
Reviewed by Meredith O'Brien
Last updated April 2, 2024

Expert tips for choosing the right electricity tariff for you

When it comes to choosing a suitable electricity plan for your electricity needs, our Head of Energy, Meredith O’Brien, has some tips for you.

Meredith O'Brien
Head of Energy

Add your bill details when comparing

Remember to add your bill details if you want to see your actual usage when comparing estimated costs. This will give you a better idea of what you’re likely to pay for electricity and recalculate the estimate based on your actual tariffs.

Consider switching electricity meters

If you’re eligible, you’ll need to contact your retailer to discuss your options. Switching to a smart meter may allow you to take advantage of a time of use tariff and better manage your usage by spreading your non-essential energy usage from peak demand times to off-peak times. Time of use tariffs are particularly useful to those who work from home.

Plan high energy usage at low-cost times

If you have solar panels, maximise your solar usage by using energy-heavy appliances during the day (e.g. washing and drying clothes, running the pool pump and using the dishwasher during daylight hours).

All about electricity tariffs

What is an electricity tariff?

Types of electricity tariffs

What is peak and off-peak electricity?

What is a smart meter?

Important to know

When is the cheapest time to use electricity?

How electricity tariffs differ between states

How to reduce your energy bill

Meet our Head of Energy, Meredith O’Brien

Meredith O'Brien
Head of Energy

As the Head of Energy at Compare the Market, Meredith O’Brien believes in educating Australian customers about the everchanging gas and electricity market so they can adjust their energy usage habits and get the most out of their energy plans.

Meredith has six years within the energy industry, following 15 years of experience in financial services and is currently studying a Master of Business Administration. Meredith is a dedicated customer advocate who is passionate about empowering Australians to find the right products to suit their needs by removing the confusion from comparing.