Which is better for my business - a plan or tariff?
If your business spends more than $16,000 per year on your electricity, then a business plan is likely to offer you more benefits than a government, regulated tariff.
Business plans can offer tailored, energy solutions that include a range of benefits such as discounted rates to help save you money or fixed rates that allow more control over your energy costs with minimal surprises.
Here’s a snapshot of how they generally compare…
|Synergy plan||Regulated tariff|
|Rates negotiable||Rates set by state government gazetted price|
|Fixed term contracts||No set contract length|
|Non-standard contract||Standard contract|
|Termination fees may apply||No termination fees|
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What is a non-standard contract (we call this a business plan)?
A non-standard contract is exactly that – non-standard. Essentially it is a contract that can include different terms and conditions, variations in price, contract length and payment options.
Non-standard contracts are negotiated directly with you and don’t require approval by the Economic Regulation Authority. However, these contracts must comply with relevant regulations.
If you generally consume about $16,000 per year, you may be eligible for a non-standard contract.
What is a tariff (also known as a standard contract)?
A regulated electricity or gas tariff is defined as a standard contract. The terms of a standard contract are governed by regulations and must be approved by the Economic Regulation Authority.
A standard contract outlines the standard terms and conditions for all customers who pay standard prices for their electricity or gas: