I have a question with the way Powershop calculate their prices. Before I go to them for clarification I wanted to know what you thought. The reason for this is because I don't actually think they are that cheap anymore. My calculations put them within $$ of other companies where they used to be quite a difference.
So if you go to the "Labs" page there is a "Powerpack Prices Explained" - I Picked the September Future Pack (the calculation methods same applies to all packs).
Price per unit = Energy Rate + Daily Charge + GST. But this means that you are paying the Daily Charge in full in each and every pack you buy! If I buy 4 packs in a month, which is not uncommon, then I am paying the 158.5c/day multiple times.
When I signed up for Powershop 4 years ago, the selling point was that you don't pay for a daily charge - even now on their web page they say "Unlike other power companies Powershop has no additional fees such as daily fixed charges" which although technically correct, there are no additional fees above the price per unit, the daily charge is actually included in the price/unit that you are given so you are paying a daily fixed charge.
Over the years, Powershop has become less of a difference between them and regular power companies - their future power prices are in fact quite expensive - January if I buy it now will cost 33.8c/unit.
So am I wrong? Is there something else happening in the background that knows I've already paid for my fixed fee and deducts it from somewhere?