What does politics have to do with electricity?

Energy price rises may be an ongoing trend, and consumers are advised to shop around for a better plan.

Australian households are bracing themselves for a bill shock this winter, with electricity and gas bills due to increase. Experts warn that the situation could get worse before it gets better, mainly because the government can’t nail down a strong policy on climate change.

Energy providers are quick to blame rising wholesale electricity prices as the reason for huge power bills. They’re not off base, either—the cost of wholesale electricity has just about doubled over the last seven months.*

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While there may be little you can do as a consumer to affect the wholesale electricity prices, you do have the ability to switch providers if you find a better deal. It’s a smart way to push down prices in your household, and it’s not as complicated as you might think.

Compare energy plans with ElectricityandGas.com.au to find out how much you could save just by changing your energy company. The free online service quickly compares plans in your area to match you with an affordable deal.

If you haven’t compared energy plans for a while, you may be surprised with how much you can save. Negative media attention around electricity and gas prices may lead you to believe that you’re stuck paying a higher price, so you may as well accept it.

The reality is that regularly reviewing your energy plan is a good way to find the cheapest available prices. This is especially true when the cost of powering your home is more expensive than it’s ever been.

An inability to see eye to eye on climate change is a key factor in rising prices. Australia lacks a consistent emissions trading scheme, with the last several prime ministers cancelling out each other’s policies.

While politicians squabble, investors stop investing, and the energy industry starts to go backwards in terms of technology. Electricity and gas providers face an unreliable future, and as a result they raise prices to protect their interests.

Until the government comes to a solution about the energy industry in Australia, prices may keep going up. If this happens, remember that you don’t have to simply accept the price you are given by your energy company. Find a better deal on your electricity and gas by comparing prices with ElectricityandGas.com.au today.

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