{"id":31,"date":"2024-04-07T11:55:44","date_gmt":"2024-04-07T11:55:44","guid":{"rendered":"http:\/\/fp.ppd\/?page_id=31"},"modified":"2026-01-23T14:57:42","modified_gmt":"2026-01-23T04:57:42","slug":"pea-calculated","status":"publish","type":"page","link":"https:\/\/flowpower.com.au\/residential\/pricing\/our-pricing\/pea-calculated\/","title":{"rendered":"Price Efficiency Adjustment – Explained"},"content":{"rendered":"","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":41858,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"class_list":["post-31","page","type-page","status-publish","hentry"],"acf":{"page_builder":[{"acf_fc_layout":"h1","content":"

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Group\",\"hd\":false},{\"ty\":\"st\",\"c\":{\"a\":0,\"k\":[1,0.423529416323,0.184313729405,1],\"ix\":3},\"o\":{\"a\":0,\"k\":100,\"ix\":4},\"w\":{\"a\":0,\"k\":4,\"ix\":5},\"lc\":2,\"lj\":2,\"bm\":0,\"nm\":\"Stroke 1\",\"mn\":\"ADBE Vector Graphic - Stroke\",\"hd\":false},{\"ty\":\"tr\",\"p\":{\"a\":0,\"k\":[0,0],\"ix\":2},\"a\":{\"a\":0,\"k\":[0,0],\"ix\":1},\"s\":{\"a\":0,\"k\":[100,100],\"ix\":3},\"r\":{\"a\":0,\"k\":0,\"ix\":6},\"o\":{\"a\":0,\"k\":100,\"ix\":7},\"sk\":{\"a\":0,\"k\":0,\"ix\":4},\"sa\":{\"a\":0,\"k\":0,\"ix\":5},\"nm\":\"Transform\"}],\"nm\":\"Group 9\",\"np\":2,\"cix\":2,\"bm\":0,\"ix\":9,\"mn\":\"ADBE Vector Group\",\"hd\":false}],\"ip\":0,\"op\":900.000036657751,\"st\":0,\"bm\":0}],\"markers\":[]}","loop":false,"inset":false,"centred":false,"small":false,"image_right":false,"image_bottom":false,"crop_image":true,"darken_blend_mode":false,"full_height":false,"background_colour":"blue"},{"acf_fc_layout":"breadcrumbs","background_colour":""},{"acf_fc_layout":"text_rows","rows":[{"left_content":"https:\/\/youtu.be\/zPM6WlYAmeM?si=7Z863MsCh0K1Z-Qv","right_content":"

Price efficiency explained<\/em><\/h2>\r\nYour rate adjustment is calculated each month and based on what the wholesale price was at the time you used energy, and how much energy you used at these times.\r\n\r\nWe explain how this works in the helpful video to the left, and you'll find more information about the method we use to calculate your adjustment below."}],"background_colour":"grey"},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

Better habits = better prices<\/h2>","right_content":"If you used more energy when it was cheap (typically when renewable energy generation is high), we\u2019ll pass on those money-saving benefits to you in the form of a rate reduction.\r\n\r\nBut if you used more energy when prices were high (like fossil-fuelled peak times), this could lead to a rate increase for that month.\r\n\r\nBottom line: your electricity rate really depends on how motivated you are to save money and use the greenest energy possible.<\/strong>"}],"background_colour":""},{"acf_fc_layout":"text","content":"

Find the adjustment on your bill<\/h3>","column_two":"

Your bill will look much like a regular electricity bill, showing a breakdown of your charges, rates and usage. The only difference will be your bill adjustment, showing the adjustment to your rate that month.<\/p>\r\n

Look out for the Price Efficiency Adjustment (PEA)<\/strong> - this is our technical term for your monthly adjustment. This number will be a negative or a positive depending on your energy habits.<\/p>\r\nFor example:\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n
\u00a0<\/span><\/td>\r\nRate\u00a0<\/strong><\/td>\r\nUsage\u00a0 \u00a0<\/strong><\/td>\r\nAmount\u00a0<\/strong><\/td>\r\n<\/tr>\r\n
Base Rate<\/strong><\/td>\r\n28c\/kWh<\/span>\u00a0 \u00a0<\/span><\/td>\r\n500 kWh<\/span><\/td>\r\n$140.00<\/span>\u00a0 \u00a0<\/span><\/td>\r\n<\/tr>\r\n
Price Efficiency Adjustment<\/strong><\/td>\r\n-5c\/kWh<\/span>\u00a0<\/span><\/td>\r\n500<\/span>\u00a0kWh<\/span><\/td>\r\n-$25.00<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>","inset":false,"background_colour":"dark-blue"},{"acf_fc_layout":"spacer","large":false,"background_colour":""},{"acf_fc_layout":"text_rows","rows":[{"left_content":"
What's the PEA?<\/h6>","right_content":"The PEA, or Price Efficiency Adjustment, is the term we use for your monthly rate adjustment. It\u2019s essentially your score for how \u2018price efficient\u2019 you were that month. In other words, how often you used energy when wholesale prices were low.\r\n\r\nIt\u2019s made up of three parts:<\/strong>\r\n
    \r\n \t
  1. When you used electricity<\/li>\r\n \t
  2. What the wholesale prices were at the times you use electricity<\/li>\r\n \t
  3. The network tariff you\u2019re on<\/li>\r\n<\/ol>"},{"left_content":"
    The PEA equation<\/h6>","right_content":"Since we\u2019re all about behaviour change at Flow Power, we want to know how your approach compared to our average customer\u2019s approach.\r\n\r\nWe discover this by subtracting our average customer\u2019s PEA (the BPEA<\/strong>) from your monthly initial PEA (your CPEA<\/strong>) to get your billing period PEA<\/strong>, which amends your monthly base rate.\r\n\r\nOr in other words: CPEA \u2013 BPEA = PEA.<\/strong>"}],"background_colour":"grey"},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

    Defining the CPEA and BPEA<\/h3>","right_content":"

    CPEA<\/h6>\r\nYour Customer Price Efficiency Adjustment (or CPEA for short) is the figure that reflects how your energy usage pattern performed against the wholesale electricity prices and your network tariff."},{"left_content":"","right_content":"
    BPEA<\/h6>\r\nThe Benchmark Price Efficiency Adjustment (BPEA) forms part of your base rate on your energy fact sheet. The Benchmark PEA broadly represents the average customer price efficiency adjustment of Flow Power residential customers."}],"background_colour":""},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

    The impact of your network tariff<\/h3>","right_content":"Your network tariff will determine the prices we use to calculate your PEA.\r\n\r\nTime-of-use tariffs charge different prices depending on when you use energy (for example, during peak or off-peak periods), whereas flat tariffs charge one consistent energy rate."}],"background_colour":""},{"acf_fc_layout":"spacer","large":false,"background_colour":""},{"acf_fc_layout":"pea_explained","tabs":[{"title":"Flat Tariff","rows":[{"left_content":"

    Your PEA on a flat tariff<\/h3>","right_content":"A flat tariff<\/strong> is the most common type of network tariff. It means your distributor charges you the same rate to use electricity, no matter the time of day.\r\n\r\nTo determine your PEA on a flat tariff, we first need to determine your Customer PEA (CPEA)<\/strong>.\r\n\r\nWe determine this by multiplying the total price (which updates every 5 minutes) by your electricity usage for that period, for the whole billing month.\r\n\r\nLet\u2019s say the total price was 10c\/kWh<\/strong> during the first price period and your usage was 5kWh<\/strong>.\r\n\r\nWe\u2019d multiply these together and repeat this multiplication every time the total price changed (i.e. every five minutes) while you were still using electricity.\r\n\r\nWe\u2019d then divide this total by your total electricity usage for in the billing period. This process is called the Load Weighted Average Price (LWAP).\r\n\r\nBelow is an illustrative example. It\u2019s important to know that price intervals take place every 5 minutes, and a typical billing period is about a month, so this is a very<\/strong> simplified example.\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n
    Price period (5-minute intervals)<\/span><\/b>\u00a0<\/span><\/td>\r\nWholesale price<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\nNetwork Price<\/span><\/b>\u00a0<\/span><\/td>\r\nTotal Price<\/span><\/b>\u00a0<\/span><\/td>\r\nYour usage<\/span><\/b>\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
    1\u00a0<\/span>\u00a0<\/span><\/td>\r\n2 c\/kWh <\/span>\u00a0<\/span><\/td>\r\n3c\/kWh<\/span>\u00a0<\/span><\/td>\r\n5 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n5 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
    2\u00a0<\/span>\u00a0<\/span><\/td>\r\n7 c\/kWh <\/span>\u00a0<\/span><\/td>\r\n3c\/kWh<\/span>\u00a0<\/span><\/td>\r\n10 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n3 kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
    3\u00a0<\/span>\u00a0<\/span><\/td>\r\n17 c\/kWh <\/span>\u00a0<\/span><\/td>\r\n3c\/kWh<\/span>\u00a0<\/span><\/td>\r\n20 c\/kWh\u00a0<\/span>\u00a0<\/span><\/td>\r\n2 kWh<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\nThis example\u2019s calculation would be [ (5 x 5) + (10 x 3) + (20 x 2)] \/ (5 + 3 + 2) = 9.5 c\/kWh<\/strong>\r\n\r\nWe then need to subtract this figure (your LWAP) from the Time Weighted Average Price (or TWAP) for the month.\r\n\r\nWe calculate your TWAP by adding up the total price for each price period in the billing month and dividing the total by the number of price periods for the billing month.\r\n\r\nUsing the above example your TWAP calculation would be (5 + 10 + 20) \/ 3 = 11.7 c\/kWh<\/strong>.\r\n\r\nNow we\u2019re ready to get your CPEA, by subtracting your TWAP figure from your LWAP figure.\r\n\r\nIn this example your CPEA would be 9.5 c\/kWh \u2013 11.7 c\/kWh = \u2013 2.2 c\/kWh.<\/strong>"},{"left_content":"
    So now we have your CPEA, we subtract the BPEA to get your billing period PEA, or the amount that is adjusts your base electricity rate.<\/h6>","right_content":"Still using the above example, the CPEA is negative and when we then minus the benchmark to get your PEA:\r\n\r\n \r\n\r\nCPEA - BPEA = PEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-2.2c\/kWh \u2013 1.7c\/kWh = -3.9c\/kWh<\/strong>\r\n\r\n \r\n\r\nThis results in a negative PEA of -3.9c\/kWh, which means that in this example, you\u2019d receive a reduction of 3.9 cents off your base rate on your bill for that month.\r\n\r\nIf the base rate was 30 c\/kWh, your final rate would be calculated as follows:\r\n\r\n \r\n\r\nBase rate + PEA = electricity price<\/strong>\r\n\r\nor<\/em>\r\n\r\n30 c\/kWh + (-3.9 c\/kWh) = 26.1 c\/kWh<\/strong>\r\n\r\n \r\n\r\nHowever if your CPEA exceeded the BPEA, your PEA that month would be positive, increasing your base rate.\r\n\r\nLet\u2019s use the same examples from above. With a base rate of 30 c\/kWh and a positive PEA of 3.7 c\/kWh, your electricity price would be calculated as follows:\r\n\r\n \r\n\r\nCPEA - BPEA = PEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n3.7 c\/kWh \u2013 1.7 c\/kWh = 2 c\/kWh<\/strong>\r\n\r\n \r\n\r\nYour PEA in this example would be 2 c\/kWh, meaning you\u2019d receive an increase to your base rate for that month. It would be calculated as follows:\r\n\r\n \r\n\r\nBase Rate + PEA = electricity price<\/strong>\r\n\r\nor<\/em>\r\n\r\n30 c\/kWh + 2 c\/kWh = 32 c\/kWh<\/strong>"}]},{"title":"Time-of-use","rows":[{"left_content":"

    Your PEA on a time-of-use tariff<\/h3>","right_content":"There are three key differences in a time of use tariff<\/strong> compared to the flat network tariff:\r\n
      \r\n \t
    1. It will consider if the time interval is in peak, off-peak or shoulder period of your assigned network tariff,<\/li>\r\n \t
    2. where there are stepped rates, it will use the first network rate, and<\/li>\r\n \t
    3. any demand charges will be billed directly as a separate charge on your account.<\/li>\r\n<\/ol>\r\nTo determine your PEA on a time-of-use tariff, we first need to determine your CPEA.\r\n\r\nWe determine this by multiplying the total electricity price (which is the sum of the wholesale price and the network price, and updates every 5 minutes) by your electricity usage for that period. We do this for the whole billing month.\r\n\r\nLet\u2019s say the total price was 15c\/kWh<\/strong> during the first price period and your usage was 5kWh<\/strong>.\r\n\r\nWe\u2019d multiply these together and repeat this multiplication every time the wholesale price changed (i.e. every five minutes) while you were still using electricity. We\u2019d then again divide the total by your total electricity usage for each price period.\r\n\r\nThis process is called the Load Weighted Average Price (LWAP).\r\n\r\nBelow is an illustrative example (note that price intervals reset every 5 minutes and a typical billing period is about a month, so this is a very<\/strong> simplified example):\r\n\r\n \r\n\r\n\r\n\r\n\r\n\r\n\r\n
      Price period (5-min interval)<\/span><\/b>\u00a0<\/span>\r\n\r\n\u00a0<\/span><\/td>\r\nNetwork rate<\/span><\/b>\u00a0<\/span><\/td>\r\nWholesale price<\/span><\/b>\u00a0<\/span><\/td>\r\nTotal price<\/span><\/b>\u00a0<\/span><\/td>\r\nYour usage<\/span><\/b>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      1<\/span>\u00a0<\/span><\/td>\r\n10 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n5 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n15 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n5 kWh<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      2<\/span>\u00a0<\/span><\/td>\r\n10 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n10 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n20 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n3 kWh<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n
      3<\/span>\u00a0<\/span><\/td>\r\n15 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n20 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n35 c\/kWh<\/span>\u00a0<\/span><\/td>\r\n2 kWh<\/span>\u00a0<\/span><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n \r\n\r\nIn this example, the relevant calculation would be [ (15 x 5) + (20 x 3) + (35 x 2)] \/ (5 + 3 + 2) = 20.5 c\/kWh<\/strong>.\r\n\r\nWe then need to determine your Time Weighted Average Price (TWAP). We calculate this by adding up the total price for each price period in the billing month, then dividing the total by the number of price period for the billing month\r\n\r\nIn the above example, this would result in a calculation of (15 + 20 + 35) \/ 3 = 23.33 c\/kWh<\/strong>.\r\n\r\nTo get your CPEA we subtract these two figures from one another. In this example your CPEA would be 20.5 c\/kWh \u2013 23.33 c\/kWh = \u2013 2.8 c\/kWh<\/strong>."},{"left_content":"
      So now we have your CPEA, we subtract the BPEA to get your billing period PEA, or the amount that is amended on your electricity rate.<\/h6>","right_content":"Still using the above example, the CPEA is negative and when we then minus the benchmark to get your PEA:\r\n\r\n \r\n\r\nCPEA - BPEA = PEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n-2.8 c\/kWh \u2013 1.7 c\/kWh = -4.5 c\/kWh<\/strong>\r\n\r\n \r\n\r\nThis example results in a negative PEA of \u20134.5 c\/kWh, which means that you receive a reduction in your base rate on your bill for that month.\r\n\r\nIf the base rate was 30 c\/kWh, your final rate would be calculated as follows:\r\n\r\n \r\n\r\nBase rate + PEA = electricity price<\/strong>\r\n\r\nor<\/em>\r\n\r\n30 c\/kWh + (-4.5 c\/kWh) = 25.5 c\/kWh<\/strong>\r\n\r\n \r\n\r\nIf your CPEA exceeds the BPEA, your PEA that month would be positive, increasing your base rate.\r\n\r\nUsing the example above, with a base rate of 30 c\/kWh and a positive PEA of 3.8 c\/kWh, your electricity price would be calculated as follows:\r\n\r\nUsing the same examples from above, with a base rate of 30 c\/kWh base rate and an example positive PEA of 3.8 c\/kWh, your electricity price would be calculated as follows:\r\n\r\n \r\n\r\nCPEA - BPEA = PEA<\/strong>\r\n\r\nor<\/em>\r\n\r\n3.8 c\/kWh \u2013 1.7 c\/kWh = 2.1 c\/kWh<\/strong>\r\n\r\n \r\n\r\nIn this example your PEA would be 2.1 c\/kWh, meaning you\u2019d receive an increase to your base rate for that month. This would be calculated as follows:\r\n\r\n \r\n\r\nBase rate + PEA = electricity price<\/strong>\r\n\r\nor<\/em>\r\n\r\n30 c\/kWh + 2.1 c\/kWh = 32.1 c\/kWh<\/strong>"}]}],"background_colour":"blue"},{"acf_fc_layout":"text_rows","rows":[{"left_content":"

      Why is the PEA benchmarked?<\/h3>","right_content":"Your PEA is compared to a benchmark that is set by our average customer in your distribution area \u2013 so you can see how you\u2019re tracking compared to our other customers.\r\n\r\nOur current customer benchmark is approximately 2 c\/kWh. <\/strong>This means that on average our customers have an approximate PEA of 2\/kWh when compared against the market. We subtract this benchmark PEA from your initial PEA to get the amount that is adjusted from your base rate.\r\n\r\nWe regularly review how our customers are tracking and will adjust this benchmark periodically (annually) to reflect the performance of our customers.\r\n\r\nIf you can beat this benchmark PEA over a billing period, your final usage rate for electricity will be below the base rate. The better you do, the bigger your reduction.\r\n\r\nYou\u2019ll get prompts in your app on how you can change your behaviour to be more price efficient. This webpage explains how you can set and enable price notifications in the Flow Power app.\r\n\r\nNeed more information? Click here for other FAQs on the PEA<\/a>."}],"background_colour":""},{"acf_fc_layout":"faq_cta","heading":"

      Have more questions?\u00a0we\u2019re here to help<\/em><\/h2>","content":"For any questions about the Price Efficiency Adjustment, please contact our friendly Customer Success team.<\/strong>","buttons":[{"link":{"title":"See our FAQs","url":"https:\/\/flowpower.com.au\/residential\/frequently-asked-questions\/","target":""}},{"link":{"title":"Get in touch","url":"https:\/\/flowpower.com.au\/residential\/contact-us\/","target":""}}],"show_arrow":true,"centered":false,"background_colour":"blue"}],"summary":"Curious about how we calculate the Price Efficiency Adjustment? This page takes you through how we get to that final number.","show_ci_banner":false,"hide_headermenu":false},"yoast_head":"\nHow is Price Efficiency Adjustment Calculated | Flow Power<\/title>\n<meta name=\"description\" content=\"Read on to know how we add up your wholesale prices, network tariffs and usage to get to that final Price Efficiency Adjustment (PEA) number.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/flowpower.com.au\/residential\/pricing\/our-pricing\/pea-calculated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How is Price Efficiency Adjustment Calculated | Flow Power\" \/>\n<meta property=\"og:description\" content=\"Read on to know how we add up your wholesale prices, network tariffs and usage to get to that final Price Efficiency Adjustment (PEA) 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