Quick Tips to Understand and Calculate Your Utility Bills

1. Quick Tips to Understand and Calculate Your Utility Bills When you look at your utility bill, you’re not just seeing a record of last month’s consumption; you’re staring at an opportunity. The opportunity to streamline, optimise, and make better decisions moving forward. Understanding how to read and calculate your utility bills gives you the strategic advantage of managing your home or business more effectively. Whether you're setting up an AGL electricity connectionor managing an existing one, insights can help. What Are Utility Bills? Utility bills are charges for services such as electricity, gas, water, and sometimes waste removal, depending on where you live. These services are crucial to running your home or business, but the charges may fluctuate from month to month. Factors like your usage and seasonal changes can cause bills to rise or fall. Comparing rates between providers can help a great deal; for instance, you can compare Australian energy plans to find the best deals. What Do the Components of a Utility Bill Mean? ● Account Information At the top of the bill, you will find details like your account number, billing period, and due date. This section ensures you know when to pay and how much you owe.

2. ● Usage This section shows the amount of electricity, gas, or water you’ve used during the billing period. For electricity, this is usually measured in kilowatt-hours (kWh); for gas, it’s in megajoules (MJ); and for water, it’s in litres or kilolitres. Business owners should pay particular attention to this section, especially if they want to effectively manage and compare their small business electricity rates, ensuring they have the best deal for their needs. ● Rates or Tariffs Here, the price per unit of the service is outlined. For example, you might pay 30 cents per kilowatt-hour of electricity. There may be various rates for peak and off-peak usage, so take note of any price variations. If you have an AGL electricity connection, it's important to understand the different rates offered so you can easily compare them online using a comparison tool to get the best Aussie energy deal that suits your business or household. ● Supply Charges These fixed daily charges cover the cost of maintaining the infrastructure that delivers services to your home. Whether or not you use a lot of energy or water, the supply charge remains the same. When establishing a new connection, make sure to factor in supply charges when reviewing new AGL electricity connection costs. ● Discounts or Credits Some providers offer discounts or credits for paying your bill on time, using a particular payment method, or staying within a certain usage range. Check if any of these apply to you and keep an eye out for these when comparing or switching as they can help lower your overall cost. ● Taxes and Additional Fees Certain taxes or fees may be added to your bill. The Goods and Services Tax (GST) in Australia is typically included, and other small charges might be for environmental initiatives or local council levies. Gas users might also notice a specific gas rate on their bill. How to Calculate Your Utility Bill Step 1: Check Your Usage Your usage amount is displayed on your bill in kilowatt-hours (kWh), megajoules (MJ), or kilolitres (kL). Step 2: Multiply by the Rate Calculate the total usage amount by the rate you are charged for each unit. For example, if you used 500 kWh of electricity and your rate is $0.30 per kWh, you would calculate: 500 kWh x $0.30 = $150.

3. It can be helpful to compare Australian energy providers to ensure you’re getting the best rate for your energy usage. Step 3: Add Supply Charges Find the supply charge listed on your bill. If the supply charge is $1.50 per day and the billing period is 30 days, you would calculate: 30 days x $1.50 = $45. Step 4: Apply Discounts or Credits If you qualify for any discounts, subtract these from your total. For example, if you receive a $10 discount for paying on time, you would subtract that from the total: $150 + $45 - $10 = $185. Step 5: Add Taxes Finally, add any taxes or fees. If GST is 10% of your total, you would calculate: $185 x 0.10 = $18.50 (GST). So, your final bill would be: $185 + $18.50 = $203.50. Summing Up Instead of dreading your utility bills, approach them with confidence and see them as an opportunity to see exactly what you’re paying for, and even compare with other providers. With a clear understanding of how to read and calculate your bills, you’ll have the knowledge needed to track your consumption and explore ways to reduce it. Whether you're looking at an Australian residential or business account or setting up a new AGL electricity connection, staying informed lets you make smarter choices about how and when you use your resources, ultimately keeping more money in your pocket. Contact Us Company Name: Deal Expert Address: Level 1, Suite 1, 3 Bowen Cres, Melbourne, VIC, Australia Phone No: 1300087011 Email Id: info@dealexpert.com.au

4. Website: https://dealexpert.com.au/