Electricity companies around Australia are starting to roll out a new way to charge you for electricity. It is called a residential demand tariff.

Unsurprisingly this new tariff can result in higher bills for you, and higher profits for them.

This post is important. It will explain to you what a demand tariff is, how it works, and why many households should avoid it at all costs.

The electricity companies want to make demand tariffs the norm, so you must be armed with the knowledge to spot one when you see one, and understand the implications of signing up for one. [Read more…]