Glossary of Electricity Terms

Time Of Use tariffs refer to a group of different tariffs where electricity is charged at different rates depending on the time of day and day of the week. The different time periods vary based on your electricity network. There can be multiple rates, usually either two-rate (Peak and Off-Peak) or three-rate (Peak, Shoulder and Off-Peak). In Victoria, three rate tariffs are called Flexible tariffs. Click here to view Time Of Use periods by Electricity Network