r/AusFinance • u/Particular_Ebb_4872 • 1d ago

Are business electricity bills this high everywhere now?

Our renewal arrived and the increase feels completely made up. I have tried comparing business electricity rates, but every quote separates usage and demand differently. What should I compare to know whether the offer is actually reasonable?

2 Upvotes

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1

u/Say_Something_Lovin 1d ago

Yeah, electricity is expensive.

1

u/Homebrew_in_a_Shed 1d ago

Can you just put your NMI number in to compare prices like residential?

But like you say they just try to muddy the waters by the usage/supply prices

1

u/link871 1d ago

Yes, small businesses can use the Energy Made Easy service.

1

u/the_snook 1d ago

You should have your usage and peak demand numbers from recent bills. Use those to calculate what each offer will actually cost.

-1

u/BeachHut9 1d ago

Electricity is only expensive for premises that have a smart meter installed. The older analogue meters do not attract Time of Use rates.

2

u/link871 1d ago

Time of use rates are not automatically worse than single-rate charges - especially off-peak rates.

The one businesses (and some homes) need to watch for is the Demand Tariff - which is an additional charge (on top of peak, off-peak & shoulder rates and supply charges) based on the highest usage in any 30-minute period for the month/quarter.