Last updated on 8th April 2019

Paying the price of loyalty: Why Australians are losing hundreds with outdated energy plans

Do you know what’s really behind the rising cost of your bill?

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It’s a fact: Australians are paying the price of loyalty out of their own pockets.

About 12 per cent of your energy bill payment is due to your retailer. Because energy companies determine the rates they charge, your choice of supplier is what determines whether or not you pay more than you have to. For example, an average energy user who stays loyal to the most expensive supplier will end up paying more every year than someone who compared and swapped their plan to the cheapest supplier.

It may surprise you that one of the largest contributors is often the supply charge—a daily fee that applies, regardless of your electricity usage. When Aussies stay loyal to their supplier, the only winner is the energy companies.

Customers who compared with us saved an average of $400 last year alone.[1] Individuals who own businesses could save more than $1000 a year,[2] simply by moving retailers. It can be that easy!

When was the last time you compared your energy plan? Every day we hear stories from Aussies who are fed up with forking out thousands of their hard-earned dollars for their energy bills. At ElectricityandGas.com.au, we’re making it easy to assess your options through simple and effective comparison, making it easy to find a great deal in your area.

Here’s How You Do It:

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.

In 2018, the cost of electricity rose to a record 2.5% of total household spending.[3] In 2017, the ACCC announced that power prices had increased by more than 60 per cent in the last 10 years.[4] Even more concerning is that over the last two decades, power bills have increased by 183 per cent.[5] While this is partly due to increased network costs, retail costs from energy companies have continued to rise.

“Market deregulation was supposed to reduce costs and make energy more affordable for everyday Aussies,” says Electricity and Gas founder, Jon Leane. “The reality we have seen is incredible deals for some, contrasted with complete rip-offs for others. It’s just not fair for the people stuck with the raw end of the deal.”

“That’s why we started Electricity and Gas. With prices on the rise, we think all Aussies deserve the chance to find a better deal. How can you benefit from market competition if you don’t have an easy way to shop around?”.

You get access to our large-scale bargaining power alongside no-mark up policies from energy providers across Australia, making it easy to find the best deals in your area. This service makes comparison shopping for energy easy, and best of all it’s totally cost and obligation free.

Just last month, around 30,500* Aussies chose ElectricityandGas.com.au to help them compare, switch and save. Cheaper energy bills are only a few clicks away.

Compare today, and discover how much you could be saving.

[1] Data supplied by Thought World, Februrary 2019. Excludes QLD, where customers saved an average of $200. Based off the annual savings of customers across 2018.
[2] https://www.smh.com.au/business/small-business/origin-agl-and-energy-australias-profits-under-government-scrutiny-20170824-gy3r8y.html
[3] https://www.smh.com.au/business/the-economy/yes-you-are-spending-more-on-your-power-bill-20181212-p50lqm.html
[4] https://www.abc.net.au/news/2017-10-16/clean-energy-target-not-certain-to-lower-power-prices-accc/9052094
[5] https://www.news.com.au/finance/money/costs/the-real-reasons-why-our-power-prices-are-going-up/news-story/c61b12ecd56001bfbcd2b9f45c581d7b

* Based off 30,585 customers for January 2019.

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.