How To Find Cheaper Electrical Options In Australia

How To Find Cheaper Electrical Options In Australia

Are you paying too much money when it comes to electricity bills? Do you think it’s time that changed? The good news is that many Australians are going through the same predicament as you and finding a cheaper electrical option is easy if you know what to do. With electricity being the biggest expense for homeowners and businesses, finding a cheap electricity option becomes all the more important.

The most effective way of finding a cheaper electrical option is to switch your electricity provider. Areas, where homeowners are allowed to change their electricity suppliers, include New South Wales, Victoria, Queensland, Australian Capital Territory and Southern Australia. Here is a guide to get started on switching your electric provider.

What kind of plan are you on?
Before you can start looking at other available options, it’s important to assess your current plan; and see how much you are paying as well as if you will be charged any fees should you decide to change your plan or retailer. If a past bill can’t give you this information, call your retailer and make the enquiries. When studying your bills, take note of how many kilowatts you use every quarter. Dig up the bills for the past year as this will give you a more elaborate estimate and prove helpful when comparing offers.

How are you charged under the current plan?
If you are to find out whether there is a better deal for you, you will need to understand how you are charged under the current plan. The charges will be either different rates depending on the time of use or a single rate regardless of when you use electricity. Regardless of the type of meter you have, you will be charged according to one of the above ways.

Other factors to consider when comparing plans include the rate per kWh, fixed supply charges, discounts, late fees, billing, other fees, length of a contract, your gas plan as well as other terms and conditions. You should also consider the following:

  • The level of savings that comes with every plan. Also, note that all the estimates you find on comparison websites or commercial switching websites assume that the bills are paid on time.
  • The level of savings only applies during the first year and can include a discount off the first month’s bill. It’s, therefore, important to think about the long-term, rather than just the short-term because the savings are bound to change after the first year.

 

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