Skip to main content

How is the monthly deposit calculated in the SimplyFair tariff?

Laura avatar
Written by Laura
Updated over 2 weeks ago

๐Ÿ“Š How is your monthly advance payment calculated?

Our pricing model determines the amount of your monthly advance payment based on the following components:

๐Ÿ”Œ Estimated annual consumption

This indicates how much electricity you are expected to use per year, measured in kilowatt hours (kWh).


โšก Energy price

The energy price is calculated in cents per kilowatt hour. With Ostrom, your electricity comes from 100% renewable energy!

๐Ÿ”ง Grid fees

These fees are charged by your local grid operator to transport electricity from the power plant to your home.


๐Ÿ“Œ Example calculation

  • Energy price: 30 ct/kWh

  • Annual consumption: 1200 kWh

  • Base fee incl. grid fees: 10 โ‚ฌ

Calculation:

1,200 kWh รท 12 months = 100 kWh per month
100 kWh ร— 30 ct/kWh = 30 โ‚ฌ
30 โ‚ฌ + 10 โ‚ฌ base fee incl. grid fees = 40 โ‚ฌ

๐Ÿ‘‰ Monthly deposit payment: 40 โ‚ฌ (example)


๐Ÿงฎ Want to calculate your own deposit payment?

Find our tariff calculator here! ๐Ÿš€

Did this answer your question?