Last updated on 25th July 2018

Is Your Discount Really A Rip-Off In Disguise?

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If discounts are higher than ever, why are Australians paying more than they ever have for energy?

Discounts Obscure True Value

Energy suppliers will show you a discount rate and a standard rate, both of which they set themselves. A big discount on a high standard rate can easily make it seem like you’re getting a fantastic offer, when in reality you’re being ripped off.

What’s worse is that some discounts only apply to part of your bill, and all discounts are conditional. Data shows that over time, people lapse. After 3-4 years with the same supplier, less than half of existing customers will have the same discount as a new customer today*.

And the higher their discount was, the more they overpay now.

What To Do About It

It’s no secret that the cost of energy has risen across the board, but confusing pricing is holding many Australians back from taking advantage of the competitive offers that are available.

The latest reports show that making the switch from the median standing offer to the cheapest market offer, saves you $832 in SA, $574 in VIC, $365 in NSW, $273 in the ACT and $504 in South East Queensland annually**.

You can cut through the confusion and start saving by claiming your cost and obligation-free comparison today! In just minutes you can size up competitive plans from suppliers big and small, and reclaim your cash from the energy companies.

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.

The most important things to keep in mind when choosing a plan are your cost per kilowatt hour and your supply charges. Examine these costs, and unless you fully understand all the conditions you need to meet to get your discount, you might be better off going with a cheaper standard rate.

If you find it time-consuming and difficult to tell the difference between great value for you and convincing marketing from an energy supplier, you’re not alone. Australia’s consumer watchdogs are in consensus that there is strong competition in the energy market, but consumer confusion is a huge barrier to taking advantage of it.

That’s why we’ve made it our business to help make home energy affordable for all Australians, through tools that make bargain shopping for energy quick, simple and effective.

After all, how can you benefit from market competition if you don’t have an easy way to shop around?

When you compare with us you get access to our large-scale bargaining power alongside no-markup 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.

Cheaper energy bills are only a few clicks away. Cut your costs today!

*’2018 Retail Energy Competition Review’, Australian Energy Market Commission, June 2018.
**’2018 Retail Energy Competition Review’, Australian Energy Market Commission, June 2018.

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