Better Electricity Deal

Ready to Switch? Here’s How to Find a Better Electricity Deal

Changing electricity suppliers can be an easy and efficient means to reduce your power expenses. Plenty of Australian homes still pay more because they haven’t considered a change in supplier or plan. As the continuing increase in power rates goes on, it’s more crucial than ever that you get a better electricity deal.

By comparing electricity companies, you can identify electricity plans that better meet your power use, if you require a fixed rate plan or one that is more flexible with peak & off-peak rates. Here in this guide, we will tell you how to change providers, what to watch for and how to steer clear of typical mistakes that may ultimately cost you money.

The steps involved in Changing Electricity providers: A Complete Guide 

Changing your electricity supplier is usually an easy process. Here are the steps to follow to effect a smooth change:

Step 1: Review Your Current Electricity plan

It is necessary before initiating the process of changing to have an idea of exactly what your current electricity plan entails.

  • Current provider: Who is your existing electricity provider?
  • Tariffs and rates: What are your tariffs? Are you on a standard tariff or time-of-use tariff?
  • Contract terms: Do you have a fixed-term contract? If yes, then check the end date of your contract so that you do not have to pay early termination charges.

Step 2: Compare Plans and Providers

Now that you have a clear idea of your existing plan and usage, it is time to compare the providers. There are plenty of electricity comparison sites that help you compare electricity prices and plans from various providers to help you find a Better Electricity Deal that suits your energy needs.

Step 3: Look for exit fees or charges

If you’re already contracted into a fixed-term deal, there might be exit charges to leave early. These will differ by provider and how long you’ve got left on your contract. Don’t forget to include this in the decision when switching.

Step 4: Register with your new provider

Once you’ve completed the selection of a service provider, it is time to sign up and this is where we step in! We will assist you in getting connected with a new provider who will assist you in dealing with the paperwork and informing your existing provider. You will not have to bother yourself with contacting your previous provider since the new firm will organize the switch.

Step 5: Wait for the switch to be made

The process of switching electricity plan usually takes anything from 3 to 10 business days, depending on the supplier. Your electricity will still be supplied without a break while this process is happening.

You will get a final bill from your previous supplier, and your new supplier will give you an opening bill after the switch has taken place.

How to make the transition smooth and continuity of service

Changing electricity suppliers is typically trouble-free, but it is worth taking a little extra effort to make sure the handover goes smoothly:

  • Arrangement of switch: Make sure your new supplier does all the necessary communications with your existing supplier. However, don’t forget to double-check, especially if you are in final stages of contract.
  • Verify your meter: Make sure your meter is in good condition prior to the switch. If your new company demands a smart meter for time-of-use pricing, ensure it is installed prior to signing up for such a plan.
  • Take a reading of your meter: On the date of the switch, note down your electricity meter reading. This will assist in ensuring that your final bill is correct and avoids any discrepancies.
  • Avoid final payments: Be aware of any pending payments to your previous provider. Ensure that the last bill from your previous provider is settled to prevent services from being cut off.

Ready to Get a Better Electricity Deal Today? Switch with Utility Market

Changing electricity provider is an easy way of reducing your energy bills and gain benefits from improved plans and customer service. Making good use of step-by-step process, dodging pitfalls and choice comparison, you are sure to get a better electricity deal that fits your needs and curtails your bills.

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