Understanding Your Energy Bill
If you’re like most everyday Aussies and you find your energy bills are somewhat confusing, here are a few handy definitions to keep in mind when deciding whether your plan is a good one or an indication you need to shop around.
STANDING OFFER: This is the basic offer for electricity and gas, without any discount applied. If you never shop around, this is the plan you will automatically be given.
MARKET OFFER: This is an offer with other features such as a discount, fixed charges or frequent flyer points.
DAILY SUPPLY CHARGE: This is a fixed charge to get electricity to your home EVEN IF YOU DO NOT USE ANY.
USAGE CHARGE: This is a charge based on how much electricity or gas you actually use.
DISCOUNT: This is the amount you can save off the rates by shopping around among the providers and paying your bill on time. Most discounts only apply to the Usage Charge, but some apply to BOTH the Usage and Daily Supply Charges.
EXIT FEE: This is a fee you pay for leaving your provider (also called a termination fee). These fees vary based on what is left on your contract.
Still have questions? Read more at Your Energy Savings from the Australian Government
Check out the current FiftyUp Club Energy Offer