Comparing Aussie Energy Providers – Who To Use?
In a sea of energy suppliers, it’s easy to feel overwhelmed and confused about which plan is perfect for you. From discounts to flexible plans and other eye-catching advantages, taking the opportunity to examine the fine print can allow you to discover a power plan’s true worth.
According to some 2018 report from the Australian Energy Market Commission, 23 percent of energy residential customers intend to change retailers within the next year. If you are one of those folks, it is important to concentrate on the areas of your plan that really matter. It is common knowledge to use a comparison website to get the best gas and electricity best deals at iSelect.
In this article you are likely to find some of the simplest ways to ensure you’re comparing energy programs the ideal way.
When you compare energy programs, knowing your energy bill can allow you to recognise how discounted supplies actually impact your final costs. Let us begin by reviewing the base charges.
The tariffs on your invoice
Electricity companies charge in cents per kilowatt hour (c/kWh) and there are 3 Types of tariffs:
- Single speed: in which you pay the same rate for power day in, day out, morning, noon and night
- Time-of-use rates: where you cover three different rates for the power you use, depending on if it is during peak, non-peak or shoulder intervals
- Controlled load speeds or’two-rate’ tariff: where you pay a certain rate for using a certain appliance such as an electric water heater
The charges on your invoice
- Supply charges: These are for access to power. These apply regardless of power usage and cover the expense of the power poles, wires, gas pipes and meters adjusted to your dwelling.
- Usage charges: These are for the amount of power you actually use. For moderate to large families, usage fees will typically comprise the largest aspect of your energy bills.
- Demand charges: Some tariffs also include a fee for how quickly you use power, and they generally have a lower cost for use
Discounts are not always what they appear
Even though a discerning eye can help you compare energy programs and filter out the best deal for you, it is reassuring to know that the competitive prices do exist. Let us take a look.
Discovering the actual discounts
Now that you know the inherent tariffs and rates the reductions can be applied to, you are better positioned to spot reliable energy prices and dependable energy programs that suit you.
When you compare energy programs, consider these points
While the first thing to review is always the cost, additional concerns that you might want to take into account when comparing energy programs include:
- Will you get locked into a contract or are you free to depart at any moment? This is important because there may be exit fees attached to your contract.
- A discount on your first bill might sound fantastic, but it is important to search for an energy plan that’ll lead to lower electricity bills over the whole year — not only your first invoice.
Discounts and advantages
- Are there any particular benefit periods? Can you get a discount for paying on time or through direct debit?
- Many energy retailers reward clients for paying on time by providing discounts on every bill that is paid on schedule. If you’re always current with your payments, you can take advantage of the reduction to save on your gas and electricity bills.
- If you are living in a rental house, consider energy programs with no exit fees or early termination fees. Getting stuck with extra charges is the last thing you would need when moving home.
Many retailers have renewable energy programs that provide you the choice to pick a portion of your electricity bill to be matched by the merchant and used to reinvest in renewable energy resources. These may come at an extra cost, but provide you the confidence of helping the environment.
Some suppliers offer rewards programs, points clubs and other incentives for clients. These often change so keep abreast of new offers.
Convenient bill cycles
Will you be billed monthly, bi-monthly, or quarterly? Bill smoothing computes your estimated total energy expenditure over a definite period of time (typically a year) and smooths out your invoice, so you pay the exact same amount each period.
By way of instance, if you spent $50 a month throughout the winter and $100 bucks per month during the summer, invoice smoothing would have you paying $75 per month during the year.