3 reasons your electricity bill is so high

Understanding the sharp rise in electricity prices, and what you can do to lower your bill.

Electricity prices in Australia have doubled over the past five years,* and it’s a trend that is expected to continue. By now Aussies are aware of the incredible price rises, but they’re still in the dark about why their bills are so high and what, if anything, can be done about it.

Here’s How You Do It:

Step 1: Select the product you want to compare below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Here are three reasons why your electricity and gas bill is shockingly large and growing:

  • Government policy uncertainty

    No surprises here: the people in charge are struggling to come to a consensus about exactly what needs to be done to lower prices and stabilise the energy industry. While they’re making up their minds, energy infrastructure is aging and Australia is being left behind in the renewable energy race. The good news: an energy policy review from Chief Scientist Dr Alan Finkel has given Canberra firm suggestions on how to move forward. The question is, will the politicians listen?

  • Investment in infrastructure

    Investment in network infrastructure—often referred to as ‘poles and wires’—has contributed to cost increases. There is a trade-off here, because putting money into upgrades results in a more reliable network. On the other hand, network costs are responsible for roughly half of your energy bill so when they go up, so does your amount due.

  • You haven’t compared/retailer price gouging

    At the end of the day, energy is a vital resource for Australian households, but it’s also a business. A recent report from the Grattan Institute found that as much as 43 percent of a household’s total electricity bill goes straight into the pocket of the electricity companies.** If you haven’t compared energy offers lately, you could be paying a higher price than your neighbor for no good reason.

Shopping around for a better deal on electricity and gas is easy to do. Visit ElectricityandGas.com.au to get a free quote on plans in your area, so you can quickly see who’s offering a better price. A quick phone call with an energy consultant will help you confirm that you’ve found a good value plan, and you’ll be able to make the switch.

At a time when prices are climbing higher, take every opportunity you can to save time and money on your household bills. Compare plans today for a convenient way to lower your energy prices.

Get Started Now:

Step 1: Select your state below.
Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

Select your State below

piggy bankFind Out How Much You Could Save!