Don’t Lose Money by Sticking to One Electricity Provider: Compare to Find the Best Deals

By Mike Igi | September 21, 2021

When it comes to household electricity bills, you may be looking for ideas to reduce the monthly expenses. As a regular consumer, you might want to know about the best energy deals available in your locality.

Researching the electricity suppliers in Australia and connecting with the right one that fits your budget is challenging. Comparing the best electricity deal and switching to a new service provider can help.

Here are a few ways to compare and choose the best electricity provider in your locality.

Analyse Your Current Plan and Requirement

According to the Ministers for the Department of Industry, Science, Energy and Resources, around 24 per cent of Australia’s electricity came from renewable energy last year, up from 21 per cent in 2019.

Before you decide to switch to a new electricity provider, it is essential to understand your current plan and energy needs.

Most of you might not know the terms and conditions of your current contract. It might contain information about hidden charges.

Analysing your current plant can help you find details like:

• Current rate per kilowatt.
• The expiry date of the contract.
• Amount of energy you use per month.
• Check if it is a renewable or non-renewable source of energy.
• Check the cancellation or termination charges.

It is easier to compare and check the best energy deals for your home or office with the above details in hand.

Research and Compare Energy Service Providers

Now that you know your monthly electricity needs, you can explore the market to find a suitable energy provider at a reasonable rate.

There are some critical factors that one must consider while choosing the best energy offers in Australia.

Check Reputation

It is advisable to check the brand name and reputation of an electricity provider. Looking at customer reviews and testimonials, you can understand the quality and efficiency of their service.

Ask About Promotional Discounts

You should check if they provide promotional discounts for new customers. Some companies also provide free installation and troubleshooting services for the initial months.

Look for Renewable Sources

It is best to choose an electricity company that uses renewable sources for generating energy. It is not only a cost-effective option but also the best way to maintain a greener environment.

Compare Rates and Plans

It is essential to check and compare the rate per kilowatt with your current service provider. You can choose the best deal to reduce your electricity charges.

You should check the type of electricity plans offered by potential companies. A variable electricity plan helps to adjust your energy usage when the prices rise or fall. Variable plans do not carry any cancellation charges either.

The advantage of a fixed-electricity plan is that it allows you to plan your monthly budget to have a stable money flow.

Final Note

Switching to a new energy provider can take up to one month. Hence, it is advisable to start looking out for options before your current plan ends. It ensures that your energy supply is uninterrupted while you switch your energy dealer.

You should select the best energy deals that offer reliable service, total customer satisfaction, and a legally registered company. It will give you the best returns on investment at nominal prices.