Last updated on 23rd January 2020

Victorians Should Expect Electricity Rate Increases in January 2020 — But You Have Options

Summer power bill increases are typical, but with rates increasing, it makes sense to compare your options on the competitive energy market.

Compare today and discover what you could save!

Are you tired of higher power bills? That’s understandable. When summer arrives, energy bills often go up.

And now they’re creeping even higher…

The Australian Energy Regulator is increasing charges for electric service beginning January 1, 2020. They cite an increase in Victoria land taxes, as well as a rise in costs for electricity delivery, as the reasons for the higher cost.

But you don’t have to pay outrageous rates. There’s actually a way to mitigate these energy bill increases.

Find competitive rates for electricity in Victoria

It turns out that different Victorian electricity service providers have different rates. And you can compare the rates of various providers to make sure you’re not overpaying.

Compare 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.

Why compare electric plans?

If you’ve never accepted an offer from an electric company on the market, you’re likely on a default power plan, and that typically means you’re paying more than you have to.

But options are available from electricity retailers, and those plans are usually more affordable because retailers strive to be competitive in the market.

How do you know if you’re on a default offer or receive your electricity from a retailer? Here are a few indicators that you may be on a default plan (and paying too much):

  • You never signed up with a retailer that may have contacted you via phone or mail.
  • You moved house, and the electricity was connected by the realtor.
  • You were on a market deal that expired.

It’s also important to be aware that the rates for businesses are set to go up much more than residential rates when January rolls around.

So whether you’re concerned with the electric bill charges for your home or your business, make sure you’re getting the best rate possible.

This article is opinion only and should not be taken as financial advice.

^Source: News.com.au 2017, https://www.news.com.au/finance/money/costs/what-to-expect-from-your-winter-bill/news-story/89a82c1e4ebc906cd3f9f49395c00ec9
**Source: Mirage News 2019, https://www.miragenews.com/nsw-budget-helping-beat-winter-chill-with-energy-rebates-for-electricity-and-gas/
***Source: Department of the Environment and Energy, https://www.energy.gov.au/rebates?title=&field_audience_tid%5B%5D=616&items_per_page=20