Don’t Overpay! Compare And Find The Affordable Energy Plans
Electricity has become part & parcel of our lives; it fuels everything from our machines to our gadgets. But there a plenty of homes across Australia that are paying too much because of prehistoric plans and non-competitive options.
Over 80% households in Australia are paying too much! That means somewhere around 6.6 million households are missing out huge savings simply for not switching to more affordable electricity rates.
An Overview of Electricity Rates in Australia
But before deciding the best affordable electricity rates, it’s important to note that electricity prices in Australia vary greatly by states and territories. This is because of distribution costs, government taxes and the energy mix.
Average electricity costs are 25 to 45 cents per kilowatt-hour (kWh) and standard supply charges 93 to 107 cents. You need to know these costs to determine if you are paying too much and to calculate any potential savings.
Key Factors That Affect the Cost of Electricity
Some essential things that impact how much you pay for electricity across Australia: 1. How energy is produced – Coal, gas, renewables, nuclear, wherever your energy is being produced, there will be different costs associated with it in different parts of the country.
- Location: The cost of infrastructure and energy generation vary from one place to the other and so do the prices.
- Usage patterns: How much power you are using and when you are using it can affect your bill, particularly with time of use tariffs.
- Market Competition: Locations with a higher number of energy service companies generally leads to more competitive prices, and therefore, better offers for consumers.
- Taxes and government regulations: There are a number of state and national policies which include rebates and subsidies, that could affect your electric bill, thus provide savings.
Compare home energy maps with these Steps
You want to find ways to save a few extra dollars because our job is to teach you how not to spend more than you should. To finish the deal and get a cheaper electricity plan. Do the following steps to ace the deal
Look for How Much Electricity You Use
First, take a look at your recent power bill to see how much power you use every day. Write down your quarterly or average monthly usage in kWh, and you may find some trends there: Higher usage during certain seasons, for instance.
Understand Different Tariff Structures
When you compare household electricity plans, always learn about common tariff types, including the ones like Demand tariff. You will mostly pay for your peak usage, which helps promote even consumption.
Look At Green Energy Alternatives
If your carbon impact is a top concern, look for plans that offer carbon offsets or renewable energy plans. Some retailers offer Green Power accredited plans, so that you can help contribute to renewable energy generation.
Directly Contact Providers
When you’ve narrowed down a few electricity plans, reach out to the providers to verify the details and see if there’s any more flexibility or offer available. It’s always good to speak with someone live as you will get a good feel for what to expect from them.
Keep Track on You Bills Regularly
Post switching, keep an eye on your electricity bills to ensure the new plan offers expected savings. Regular tracking helps stay updated and be prepared to switch again if some good deal arises.
