Skip to:
Get started by downloading the app
Our sign-up process is completed through the app.
Scan the QR Code below, or click a link to get started
Our sign-up process is completed through the app.
Scan the QR Code below, or click a link to get started
In the National Electricity Market (where retailers like Flow Power buy electricity), the wholesale price of electricity changes every five minutes. These changes in wholesale price reflect the changing supply of electricity from generators like wind and solar, and the changing demand for electricity as businesses and household use more or less electricity throughout the day. Notably, the wholesale price for electricity is often at its lowest in the middle of the day, when there is lots of renewable energy powering the grid.
We believe that using electricity during periods when renewable energy generation is high will help transition the market and is better for our customers’ savings. The PEA is our way of rewarding this behaviour change.
A low PEA is better, and means you are being more price efficient. A high PEA is worse, and means you are being less price efficient.
Your PEA will be calculated each month based on
If you use more of your electricity when wholesale prices are cheaper (typically in the middle of the day when there are lots of renewables), over the course of the month it will reduce your PEA and your bill. On the flip side, if you use more of your electricity when wholesale prices are more expensive, it will increase your PEA and your bill.
If you have a high PEA, there are likely to be opportunities for you to be more price efficient. By thinking about when you use electricity and changing some habits, it’s possible to reduce your PEA and your bill. Any improvements you make, no matter how small, will lead to better outcomes for your PEA and your bill.
Network tariffs are the prices charged by the local distributor i.e., the company that owns the poles and wires that connect to your house. Your network tariff will be reflected in your base rate. Typically, base rates will be slightly lower for time of use tariffs when compared to a single rate network tariff.
Your network tariffs will also impact how your PEA is calculated.
If you have a flat (or single) network tariff where the prices are the same throughout the day, it won’t impact how your PEA is calculated. Your PEA will just be calculated based on the wholesale price when you use electricity over the month.
If you have a time-of-use tariff, the “peak” and “off peak” rates will impact your PEA. Using more of your electricity during “off-peak” will decrease your PEA, whereas using more electricity at “peak” rates will increase your PEA.
Lastly, if your network tariff includes any demand charges, these will not be factored into a PEA calculation. Instead, they will be billed directly as a separate charge on your account.
If you’re interested in a more in-depth calculation by tariff type, we’ve got you covered.
We’ve got your back! Our app will continuously guide you on how you can make changes to lower your PEA, through usage recommendations, notifications when wholesale prices spike, and insights to your live energy usage. Our aim is to help you shift your energy consumption to greener, cheaper times.
Want to learn more about the smart energy tools included with the Power Renewable Home plan?
We’re focused on building the renewable energy future, together with our customers. That’s why we developed the Power Renewable Home plan – complete with the PEA and smart energy tools to empower you to create the renewable energy future.
Want to find out more? Get in touch with our friendly team.
