Last updated on 12th April 2019

Switching energy saves money but Aussies won’t take the leap

Do you know what’s really driving up the cost of your bill?

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If you’ve had to do a double take more than once at the power bills coming to your door over the past couple of months, you’re not alone. A recent survey found that 54% of Aussies believe they could be saving on their power bills if they switched to a different energy provider.

And almost three quarters believed that their energy bills had noticeably increased over the last three years. But interestingly, almost half of the survey’s participants had not changed providers during this time.

As more and more companies try to get a piece of our hard-earned income, the energy market is becoming fiercely competitive. This means that now is a great time to switch electricity and gas plans, and take advantage while some great deals are on offer. Electricity and Gas is helping Aussies do just that. But how do you make sure you’re getting the best deal?

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.

When it comes to finding a good energy provider, the first number you see isn’t the only thing you should be looking at.

To ensure you’re getting the best energy deal, here are our expert tips to keep in mind:

Big discounts don’t always mean great savings. The base rate could be higher, which could mean that you end up paying more. Find out the total price for the service.

Talk to a customer representative and get a feel for the kind of customer service the company offers. Will they help to make your switch over easy and hassle-free?

Energy charges are comprised of two main components: supply charges (fixed) and usage charges (dependent on how much energy you household consumes). You’ll want to know the rates for both, so you can make an educated decision.

Peak rates mean energy consumption may cost more during certain times of the day (generally 2pm – 8pm on weekdays.) Seek to know a company’s policy on this.

Shoulder and off-peak rates means you could get a reduced rate for energy consumption during the quieter times in the week. Find out what your deal can offer.

Connection fees may apply, if you’re moving house or are a new customer.

Through understanding how your yearly charges will stack up, you can get a better sense of the companies who can offer great value and the ones who can’t.

You can see what providers are offering new customers, through shopping around for a better energy deal here. It’s a simple process and can give you a good idea of how much money you could be saving with another energy provider.

Don’t get left behind

Research from Roy Morgan has found that over the next 12 months, 1.46 million gas customers have said that they will be very or fairly likely to switch providers. With electricity, 2.07 million say that they are likely to switch.

Source: Roy Morgan Single Source (Australia), 12 months to December 2017, n = 50,139; 12 months to December 2018, n = 50,853.
Base: Australians 14+ with electricity connected, 12 months to December 2017, n = 14,609; 12 months to December 2018, n = 14,806. 1 Very or Fairly Likely to switch. 2 Based on customer numbers. 3 Includes brands not shown and can’t say brand.

The data’s in. Australians no longer want to put up with greedy price increases and poor value utility plans. Be one of the many Australians getting on top of their finances, and switch to a better energy provider today.

Our comprehensive tool puts you back in the driver’s seat, so you can easily compare what different companies are offering and get the best deal for your needs. Enter your details here to get started.

*https://www.energyaustralia.com.au/home/bills-and-accounts/concessions/victoria

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