ENERGY CHARGES
The energy charges relate to the raw cost of energy which is traded in the national electricity market. This portion of the charges is negotiable and the consumer can enter into a contract with the retailer of their choice.
The contracted energy prices are multiplied by distribution and transmission loss factors to arrive at the final prices. The loss factors relate to the energy losses that take place during the transmission and distribution of electricity. Transmission losses vary by geographic location and distribution losses vary according to the voltage at which the supply is taken. Loss factors are regulated and apply for one year commencing July each year. The Australian Energy Market Operator publishes loss factors …show more content…
• Based on the Impending relocation, the best option would be to accept the short term contract
• Momentum Energy’s opinion of the probable cost of “energy only” plus market & metering services charges under this contract offer for would be about $26,080.
We respectfully present this recommendation for your review and consideration. We will be pleased to answer any questions concerning this recommendation.
NETWORK CHARGES
The network charges are based on tariffs approved by the Australian Energy Regulator.
The electricity tariff is the pricing structure charged by the electricity retailer to the customer. This has a big influence on how your electricity prices are calculated. Your electricity tariff includes the “fixed charge” for supplying electricity to your business, and the “variable charge” for the amount of electricity you use.
Electricity tariffs (and therefore, electricity prices) vary according to state, region, your energy provider, the type of meter and more. The Network Use of System charges (ie the network tariff) make up a significant percentage of your total electricity …show more content…
The retailers are obliged to source specified quantities of electricity from renewable sources and there is a cost associated with this. All retailers raise these charges.
The Large Scale Renewable Energy Target (LRET) applies to generation by larger renewable energy schemes such as wind farms, geothermal and commercial solar.
The Small Scale Renewable Energy Scheme (SRES) applies to small schemes such as domestic solar installations and small wind turbines. Some retailers fix these charges at the time of contracting and others revise them from time to time.
The prices of LRET and SRES certificates are dictated by market forces and vary by retailer. Prices for SRES certificates are stable but LRET certificate prices have increased significantly in recent time owing to the shortage of certificates. This is due to inadequate new investment into renewables projects.
ESC CHARGES
The Energy Savings Scheme is state government legislation that commenced from 1st July 2009. It is designed to promote consumption reduction
The energy charges relate to the raw cost of energy which is traded in the national electricity market. This portion of the charges is negotiable and the consumer can enter into a contract with the retailer of their choice.
The contracted energy prices are multiplied by distribution and transmission loss factors to arrive at the final prices. The loss factors relate to the energy losses that take place during the transmission and distribution of electricity. Transmission losses vary by geographic location and distribution losses vary according to the voltage at which the supply is taken. Loss factors are regulated and apply for one year commencing July each year. The Australian Energy Market Operator publishes loss factors …show more content…
• Based on the Impending relocation, the best option would be to accept the short term contract
• Momentum Energy’s opinion of the probable cost of “energy only” plus market & metering services charges under this contract offer for would be about $26,080.
We respectfully present this recommendation for your review and consideration. We will be pleased to answer any questions concerning this recommendation.
NETWORK CHARGES
The network charges are based on tariffs approved by the Australian Energy Regulator.
The electricity tariff is the pricing structure charged by the electricity retailer to the customer. This has a big influence on how your electricity prices are calculated. Your electricity tariff includes the “fixed charge” for supplying electricity to your business, and the “variable charge” for the amount of electricity you use.
Electricity tariffs (and therefore, electricity prices) vary according to state, region, your energy provider, the type of meter and more. The Network Use of System charges (ie the network tariff) make up a significant percentage of your total electricity …show more content…
The retailers are obliged to source specified quantities of electricity from renewable sources and there is a cost associated with this. All retailers raise these charges.
The Large Scale Renewable Energy Target (LRET) applies to generation by larger renewable energy schemes such as wind farms, geothermal and commercial solar.
The Small Scale Renewable Energy Scheme (SRES) applies to small schemes such as domestic solar installations and small wind turbines. Some retailers fix these charges at the time of contracting and others revise them from time to time.
The prices of LRET and SRES certificates are dictated by market forces and vary by retailer. Prices for SRES certificates are stable but LRET certificate prices have increased significantly in recent time owing to the shortage of certificates. This is due to inadequate new investment into renewables projects.
ESC CHARGES
The Energy Savings Scheme is state government legislation that commenced from 1st July 2009. It is designed to promote consumption reduction