Last updated on 18th March 2019

Secret savings for switchers: How everyday Aussies are picking up Australia’s energy tab

Aussies who switch their energy provider could save as much as $489 a year*

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It’s the secret that energy companies don’t want you to know: Australia’s energy market is built to reward switchers.

The ACCC’s 2018 Retail Electricity Pricing Inquiry Report has stated that there are savings of up to $489 a year* for Aussies switching from the worst available offer to the best. A recent survey revealed that 1.2 million Australians are dissatisfied with their current plan.1 Stuck on contracts that are either too expensive or inappropriate, many are considering making the switch to a better deal and new provider in the next twelve months.

At ElectricityandGas.com.au we hear from Aussies daily who are fed up with forking out thousands of their hard-earned dollars for their energy bills. Every day, we help them find a better deal. We know just how easy it is for people who don’t know the energy market to waste their money AND how easy it is to put a stop to it.

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.

Many of Australia’s energy market regulators recommend that Australian energy customers review their bills annually. This is because energy providers have been able to change rates without informing their customers. Cheap introductory offers can also be used to lure people in before they find themselves hit with a big rate hike.

Australian households paid up to 29% more for their electricity than they did at same time in 2016, with Victorians shelling out the largest increase (up to $457 extra on their annual bills) followed by customers in New South Wales and South Australia.2

Confusing pricing, sparse market competition and higher wholesale costs have caused electricity bills to surge by a staggering 60% over the last 10 years. The result? Loyal Australians trusting that their provider won’t rip them off get stuck with the worst rates.

“Market deregulation was supposed to reduce costs and make energy more affordable for everyday Aussies,” says Electricity and Gas founder Jon Leane. “The harsh reality is that we see incredible deals for some customers, and 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 ElectricityandGas.com.au. With prices on the rise, we think Aussies deserve the chance to find a better deal. Why should you be paying more for the exact same thing, simply because you’re not a market expert?”

“The comparison service allows you access to 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.”

Just last month, nearly 37,000 Australians chose ElectricityandGas.com.au to help them compare, switch and save.

Cheaper bills are only a few clicks away. Switching could save you more.

Why not join them?

* “If the ACCC’s recommendations are adopted, an average residential customer in NSW should be able to achieve savings of $409 (24 per cent) of annual bills by 2020–21. For other NEM regions achievable savings are estimated to be between $291 and $489.” Source: The Australian Competition & Consumer Commission, “Restoring electricity affordability and Australia’s competitive advantage”, Retail Electricity Pricing Inquiry—Final Report, June 2018. https://www.accc.gov.au/system/files/Retail+Electricity+Pricing+Inquiry%E2%80%94Final+Report+June+2018_0.pdf

[1] According to Mozo research released in October: https://mozo.com.au/energy/articles/energy-bills-rise-by-29-a-reminder-to-switch-before-summer
[2] https://mozo.com.au/energy/articles/are-you-one-of-the-1-2-million-australians-ready-to-switch-energy-plans-in-2-18

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