The Aussies have a lot to say about energy. You can say for about two, there are three opinions! But one thing most of us can agree on: energy prices are very expensive in Australia. This is why it pays to compare energy plans.
A study published by News.com.au found that by 2020, more than one million Aussies will have difficulty meeting their electricity bills. Energy is the biggest cost-of-living cost for an Australian family. The situation has been exacerbated by the terrible economic crisis that many Aussies have found themselves in because of Covid-19.
The Department of Industry, Science, Energy and Resources and the Australian Energy Regulator both discover that consumers can save hundreds of dollars a year when they Compare energy plans. Your savings will depend on factors such as:
- The number of people in your family
- The state / territory in which you live
- Whether you have solar panels on your roof
- When you use most of your power.
- Discounts, penalties for late fees, etc.
For example, let’s start with your electricity bill. Consumers who have been with the same provider for many years often carry “standing offers”. This is a government-fixed price cap: the maximum that your power provider can charge per kilowatt-hour. Fortunately, less than 20% of the uncontrolled electricity market in Australia is still a permanent offer; But if Nanna hasn’t talked to her power company since 1993, she has a good chance of becoming one of the ~ 20%.
Other consumers are on the “default market offer”, the maximum rate your provider can charge for your plan. As the market becomes increasingly competitive, electricity suppliers often offer a time-limited discount (for example, 1 or 2 years). It encourages customers to sign up; Once expired, they return to the more expensive default market offer.
Jain, who is also the CEO of the energy value comparison website Econnex, for a number of reasons, “recommends comparing energy plans every two years. The energy market is changing at a break-neck pace. What seemed like the best deal two years ago may not be the best deal for you right now. Many Australian homes are dealing with bill shocks and impossible deals, but power is increasingly in the hands of consumers. ”
“Econnex’s services have already been used by many Australians to analyze energy plans We aim to disrupt an impossible national energy market by helping Australian consumers explore alternatives at a glance. Many consumers pay extra for electricity, there is a strong economic field to compare energy plans; We’re proud to make it easy. “
Econnex also provides users with easy-to-understand information about the main terms of the contract offer; For example, supply charge, usage charge, solar feed-in tariff etc. They give consumers the opportunity to change providers without a website; Customers can approve Econnex to start the transfer process on their behalf.
Want to know more about Econnex? Please visit econnex.com.au Get the best deal Energy plan comparison.