Comparing Plans from the Best Electricity Comparison Broker
As electricity prices keep going up in Australia, changing to a cheaper plan may be one of the quickest means of reducing your household bills. But with every sale, promotion, and small-print clause circulating, it’s not hard to feel confused. The secret? Concentrate on several main points that are most important to your consumption, so you can switch confidently and genuinely observe savings. Here’s an easy, step-by-step guide to help you shop for electricity plans from electricity comparison broker. If you’re trying to compare electricity plans, using a broker makes the process easier and ensures you’re not missing better deals in your area.
1. Know Your Current Consumption
Before you compare from any electricity comparison broker, get your previous 3–4 electricity bills and check for:
- Total kWh consumption for a quarter or year
- If you are on a uniform rate or timely tariff use
- Seasonal usage peaks
That data helps you compare apples with apples when examining new plans not just at headline rates.
2. Align the Tariff Type with Your Lifestyle
Australian electricity plans provided by electricity comparison broker typically fall into one of these:
- Single rate – a single flat price per kWh, irrespective of time.
- Time-of-use – varying prices for peak, shoulder, and off-peak periods.
- Tariff – a fee based on your largest short burst of consumption
If you’re at home primarily in the evening, a single rate might be more suitable. If you’re able to move heavy appliance, use to off-peak times, time-of-use might save you more. Learning how time-of-use tariffs work can help you choose between cheap electricity plans or more flexible options that align with your lifestyle.
3. Compare Supply Charges
Daily basis supply charge is a flat fee which you pay in order to get connected, no matter whether you are using any electricity or not. On an average, across the year, a difference of 10 cents per day amounts to $36.50. For low use homes, a lower supply charge may be worth more than a less expensive usage rate.
4. Don’t Just Look for Discounts
Large discounts can be appealing, but do consider:
- Is the discount on the total bill or only usage?
- Is it unconditional or contingent?
- For how long it is valid before rates shift?
Occasionally, a plan with a smaller, unconditional discount will end up saving you more than a sensational “40% off usage” that vanishes after 12 months.
5. Consider Solar Feed-in Rates
If you install solar panel on your roof, its time you look at the feed-in tariff. However, don’t make it your sole determining factor. A plan with a lower solar rate but lower-cost grid electricity may still leave you better off in total, particularly during months when you consume more power than you generate.
6. Utilize Comparison Tools but Read the Details
Government comparison sites are a great starting point but always read the plan’s Energy Fact Sheet on the retailer’s website. For a broader electricity comparison Australia, keep an eye on market trends and promotions that impact long-term savings. Make sure:
- You’re comparing the same tariff type.
- The rates apply to your distribution zone
7. Recheck Every 12 Months
Electricity markets change, and so do retailer promotions. Even if you get a good bargain today, check your plan annually particularly when your benefit period is coming to an end. Many electricity providers in Australia change rates after the first year, so reviewing regularly helps avoid bill shock.
Final Word
Switching smarter isn’t about hunting down the cheapest advertised price, it’s about identifying the plan that suits your real usage, budget, and lifestyle. Make sure you consider this checklist as your guide, and you will be on your way to reducing your bill without even sacrificing the comfort. At Utility Market, we make it a point to simplify the process of comparing electricity plans so that you can find out where you stand & switch with confidence.
Checkout our LinkedIn page to stay updated on the latest electricity market trends.
