What is a time-of-use tariff?
A time-of-use tariff is an electricity tariff where energy suppliers offer different prices at different times of the day. The price differences usually correspond to when there is more or less demand for electricity often referred to as peak (when lots of people are using electricity) or off-peak periods (when fewer people require electricity such as overnight).
Traditionally, time-of-use tariffs were day-night, static tariffs such as Economy 7. There are also newer tariffs available which have been facilitated by the introduction of smart meters and these can have different prices throughout the day.
The different tariff types available tend to fall into three categories:
Flat Rate Tariff
This is a tariff which remains the same price per unit of energy throughout the day and is the same every day.
Static Time-of-Use Tariff
This is a tariff with different price periods during the day, but these different price periods are the same every day.
Dynamic Time-of-Use Tariff
This is a tariff which has different price periods throughout the day and these periods change every day. One example of a tariff like this is the Agile Octopus tariff by Octopus Energy.
If you have submitted your tariff information to Moixa support you will be able to see your tariff information on the Moixa Dashboard. Your export tariff data will only be shown if you are on an export tariff that we can optimise for. If your tariff data shown is incorrect please contact support to amend this.”