I need some help understanding Red Energy's new billing structure. They've gone and added a whole new billing item called Demand Summer / Temperate/ non-summer.
It seems that they show you your peak demand and times that c/kW/Day
Summer = 24c c/kW/Day (ex GST)
Temperate = 14c c/kW/Day (ex GST)
Summer = 24c c/kW/Day (ex GST)
So if your peak demand at any point during a billing cycle was say 7 KW in summer (Microwave,aircon,kettle,dishwasher,dryer all going at once) then that would be 7 kW * .24 c* 91 days = $152.88 extra on the bill
Is that correct?
where did you get this?
I am with RedEnergy, but on their Fixed contract, prior to the hikes.