To complete the Bill Watch details for your electricity bill and get suggestions for better deals to save you money, we need a few details.
These details are available from your last electricity bill and help us estimate your future annual electricity cost using the best plans available for your area and applicable for your electricity meter type.
We need your postcode to identify the electricity plans that are available in your area.
If you entered your postcode during your account setup, it will pre-populated when you turn on BillWatch. You need to make sure your postcode is up to date so we suggest the plans that are available for your area.
If it’s blank, simply select it to enter in your postcode or suburb.
We need to know whether the tariff type for your electricity usage is single rate or multiple rates.
Your tariff refers to how you are charged and the rates you are charge for your electricity usage and generally depends on your meter type and the available tariffs offered by your energy provider. Your tariff type is available from your electricity bill, typically found in the details of your electricity usage section of your electricity bill
Energy retailers have many different names for the tariffs they use, but generally, all tariffs fit into 2 categories: single rate tariffs and multiple rate tariffs.
An important point to note when identifying your tariff type, don’t confuse dedicated circuits or solar feed in tariffs as necessarily meaning you are on multiple rate tariffs. These are special rates that are in addition to your tariff type. We’ll deal with these below in Other rates in your bill.
Single rate tariffs
Single rate tariffs are ones that have one rate for your main electricity usage (remember not to include any dedicated circuits or solar feed in tariffs here). Typical names used by electricity providers for single rate tariffs are:
Multiple rate tariffs
Multiple rate tariffs are ones that have more than one rate for your main electricity usage (remember not to include any dedicated circuits or solar feed in tariffs here), such as a rate for peak times and a rate for off-peak times.
Multiple rate tariffs usually contain some combination of rates for different times of the day:
Typical names used by electricity providers for multiple rate tariffs are:
Once you identify the tariff type on your bill, select either Single Rate or Multiple Rates on your Bill Watch bill.
Other rates in your bill.
In addition to your tariff, you may have additional rates on your bill that determines the cost of your electricity. The most common are Dedicated Circuits and Solar Feed in Tariffs.
Dedicated circuits are separate electricity lines that are generally used to power a single appliance, such as a pool filter system or heat pump, washer and dryer, fridge or other home appliance that demands a high volume of electricity. Residential plans may offer up to 2 dedicated circuits and each circuit will have separate rates applied to them.
Typical names used by electricity providers for dedicated circuits are:
If you have one or two dedicated circuits you should select Dedicated Circuit on your Bill Watch bill
Solar Feed in Tariffs
Solar feed in tariffs may apply if you have solar panels on your home. A solar feed in tariff is the rate the electricity provider pays you for any electricity you put back into the grid from your solar panels.
If you receive a solar feed in tariff, this will be display on your bill and you should select Solar Feed in Tariff on your Bill Watch bill.
Daily averages from your bill
Your electricity bill will include your electricity usage over the bill period, expressed in kilowatt hours (KWH). Your bill will show your total kilowatt hours and your average daily kilowatt hours for each rate that applies to your plan.
For Bill Watch, we need your average daily kilowatt hours for each rate included in your bill (KWH/day or KWH per day) for:
This information is usually included in the details of your electricity usage section of your electricity bill.
Your average daily kilowatt hours will typically be a number with up to 5 decimal points.
If your multiple rate tariff doesn’t include a shoulder price, then leave this blank in Bill Watch. If you only have one dedicate circuit, then one of them blank.
An important point to note is, your usage information will also include your daily supply charge. We don’t need this information from your bill because we have this charge for the thousands of plans we collected to find you the best deals.
Green energy plans %
Some plans offer electricity sourced from “green” options like solar farms, wind farms, hydro plants or other renewable electricity sources. If you select a green %, we will suggest to you only plans that offer this percentage of green energy.
It’s important to remember that green may mean different things to different electricity providers. You should ensure you understand the green electricity sources included in any plan you select.
Most plans offer a range of discounts which can drastically reduce the cost of your electricity bill.
We recommend you take advantage of these discounts but need you to tell us whether you are interested in them or not.
You can select the discounts that interest you in Bill Watch by selecting: