Last updated on 23rd July 2019

Why Australians should check their latest electricity bill

Hidden charges are pumping up Aussie energy bills. When’s the last time you checked yours?

If you pay your electricity bill without checking the charges, you might be overpaying.

Energy companies routinely pack extra fees and charges into a power bill, and these can quickly cancel out any discounts you’re receiving. And if you find those discounts confusing, it’s for good reason—the ACCC recently found that one market offer with a 35% discount cost an average of $887 more each year than another offer with no discount.

The secret to lowering your electricity bill isn’t scooping up the biggest discount, it’s finding a better overall deal. Aussies can use the free service Electricityandgas.com.au to compare prices in their area and immediately see who is offering the best value for money.

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.

It’s no secret that the cost of energy in Australia is out of control. After all, the government wouldn’t be setting aside $285 million in the latest budget if energy bills were affordable. In fact, statistics show that energy prices in Australia have doubled since 2015*.

If you’re on a single-rate plan, you’re paying the same amount for every kilowatt of electricity you use. If you’re on a time of day usage plan, you’re paying a different rate depending on the time of day.

A time of day plan can save you money, if you’re able to use the bulk of your electricity when the rates are cheaper. If you’ve got solar panels, you could save even more by using the electricity generated by your panels.

Understanding rate structures can help you choose a plan that will save you the most money. Electricityandgas.com.au lets you compare prices so you can instantly find a better deal. The service is simple, and it doesn’t cost you anything.

And speaking of saving money, electricity discounts can work for you—if you know how to take advantage of them.

Many companies offer a hefty pay-on-time discount, but it only works in your favour when you pay on time. The ACCC found that a typical NSW household with a 40% pay on time discount could be hit with an extra $987 in charges if they miss a due date.

If you’re not paying your bill on time, your discount could turn into a very expensive liability. Take a close look at your electricity bill to see if there are any hidden fees or inflated charges, so you can get a true idea of how much you’re paying.

Australians are tired of being rorted by sneaky fees on their electricity bills. Take charge of your electricity costs by switching to an affordable, transparent plan that won’t leave you penniless.

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