If your energy plan is with AGL, Origin or Energy Australia, you’re in good company. The three biggest energy retailers account for 64.8% of the residential market in Australia.
But is bigger always better?
Even though the Big Three will always have competitive deals, smaller energy companies can often provide cheaper plans and may also offer environmentally friendly features like carbon offsets and solar feed-ins.
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It pays to compare energy plans
Smaller providers are looking to compete against the big guys so they regularly offer very competitive introductory offers.
That means it can pay to regularly compare rates, especially if you’re willing to sign up for other discounts such as direct debit payments.
But keep an eye on your bill – both big and small energy companies have a tendency to move you onto a more expensive plan once the introductory offer expires or if you’ve been with the company for quite some time and haven’t pushed for a better deal.
It’s one reason many of us get a nasty dose of bill shock when these offers expire.
The good news is that it’s quick and easy to regularly find a cheaper plan. You can compare energy providers big and small with Electricity & Gas and see if you could shave hundreds of dollars off your bill in a matter of minutes.
You can even switch online or speak to one of our experts if you want a bit more detail about a new plan.
They’ll also probably confirm that high energy bills aren’t caused by sinister laundry gnomes breaking in at night to run your dryer full pelt until sunrise, but may be a case of sticking with a supplier for a bit too long.
Click below to get started and see how much you could save today.
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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.
*AER, Retail energy market performance update for Q2 2020-21, 6 April 2021.
This article is opinion only and should not be taken as financial advice. Check with a financial professional before making any decisions.