What is nem charges?

NEM charges, also known as New Electricity Market charges, are the charges that consumers pay for the electricity they use from the grid. These charges typically include costs associated with generating, transmitting, and distributing electricity, as well as fees to cover the maintenance and operation of the electricity grid.

NEM charges can vary depending on the location, type of consumer, and the time of day when electricity is used. In some cases, consumers may also be charged additional fees for using renewable energy sources or for participating in demand response programs.

It's important for consumers to understand and monitor their NEM charges to ensure they are getting the best value for their electricity usage. By being aware of these charges, consumers can make informed decisions about their energy consumption and potentially reduce their overall electricity costs.