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How Much Could You Save by Switching

How Much Could You Save by Switching

Tags: Energy Information
Last updated by The FiftyUp Team on

A recent report gave some shocking figures when it came to Aussies and energy bills.

  • 13 million Aussie’s struggle with energy bills
  • 34% of Aussies cut back on their energy usage
  • Men are more likely to switch or as ask for a better deal

Households can save money but you have to be active in the energy market. Meaning, you have to be proactive about saving yourself money.

HOW MUCH COULD YOU SAVE BY SWITCHING

A report from St Vincent de Paul shows the enormous gap between the best and worst electricity market offers available below:

In NSW, the difference between the single best and the single worst market offer ranges from $1,040 per annum to $850 for customers with typical consumption levels.

In QLD, the difference between the best and the worst market offers is between $705 and $775 (depending on tariff type) for customers that always pay bills on time.

See the Current Energy Offers for FiftyUp Club Members

In SA, the difference between the best and the worst electricity market offer is $840 per annum.

In VIC, the difference between the best and the worst market offers ranges from $700 per annum to $960 for customers with typical consumption levels.

How much you can save by switching providers and plans will depend upon 3 factors:

  • your usage
  • your state and electricity zone
  • what deal you are on right now

Households on standing offers who do not receive a discount or those who haven’t shopped around in years could be paying thousands of dollars. Saving money is up to you. Take the bull by the horn and start saving on your energy today.

See the Current Energy Offers for FiftyUp Club Members



 

Originally posted on .

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Gregory
Gregory from NSW commented:

Be careful you have to pay more You don't receive a Discount till the next Quarter bill 

Someone
Someone from QLD commented:

Just wondered how your solar panel. Feed in tarrif cost before 11pm cut off tonight Thanks 

Keith
Keith from NSW commented:

I have built a spreadsheet for comparison of any retailer and find at best there is very little difference between them. Either they have low rates and high standing charges or vice a versa then throw in discounts for early payment then add to the mix a better discount if you let them into your bank account; why would one under any circumstance. Of course credit/debit card is available with a standing charge. At best these offers are flim flam; in the end we are being overcharged for a basic commodity then slugged for poles & wires we have already paid for. Privatization did bring results but not for the consumer. Just maybe batteries are worth the cost or maybe local communities build their own grid. 

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