Glossary of Electricity Terms

Refers to the electricity consumed during the shoulder time period of time of use (TOU) or flexible tariff plans.

Solar PV refers to a solar photovoltaic system that uses a series of panels to convert light energy into electricity. Not to be confused with solar hot water systems that use encased copper pipes or evacuated tubes to use heat from the sun to heat hot water.

This is the default electricity plan for each retailer. They usually have the highest rates and no discounts. Standing offers are what some retailers will move you to at the end of the benefit period of their market offer (discounted) plans.