As energy prices keep rising, trying to find ways to save money on the utility is becoming a more frustrating task.
Sadly, according to figures released by the Essential Services Commission, in New South Wales, there was an 18 per cent increase on households who had been disconnected from their electricity service1.
Disconnections tend to happen when households are unable to afford the payments.
For households who are struggling to stay on top of their energy bills, power providers also have hardship programs which aid households with their payments.
In New South Wales last year, there was a 19 per cent increase in households who entered into a hardship program with their provider2, from the previous year.
If you are experiencing financial difficulty with paying your energy bills, then check out our Guide to Energy Hardship Programs.
Or give us a call at 1300 683 009 to compare your energy plan and see if we can save you money on a new deal.
Otherwise, feel free to browse our energy plans online.
Standing offers are generally more expensive than market offers.
Customers who are not active in comparing their energy plans often may be on a standing offer without knowing it.
Market offers can work out to be cheaper because they often come attached with various discounts that are designed to save you money.
But be mindful, as these discounts may contain a condition that you may be required to meet to receive the discount.
You will find that discounts come in many different forms, depending on the conditions that are agreed to on the new market contract.
Remember, it is important to always read the fine print before signing on to an energy plan. If you wish to receive the discount, ensure that your household will be able to meet the conditions outlined in the terms & conditions.
Failure to meet the discount conditions may result in you needing to pay more money!
Here are some of the more well-known discounts you may encounter:
Some electricity providers may offer market plans with discounts on a 12- or 24-month contract.
Signing a contract will lock you into the timeframe, so ensure that it is the right one for you before you sign up. Some energy providers may charge you a cancellation fee if you opt out of a contract before it’s due to run out.
If your current market offer contract has run out, your energy provider is then free to move you onto a standing offer, which is the more expensive plans and does not contain discounts.
So, if you haven’t checked your energy bill in the last year, then consider comparing your bill to make sure you’re not paying too much!
Youcompare was born with a will and desire to empower Australians to take control of their financial matters.
We have been refining our comparison services for many years, so that it can efficiently find you great energy plans.
Our services are easy to use and has been designed to save you not only money, but also your time.
With Youcompare, you no longer need to spend hours upon hours of searching through different energy plans, and instead we can condense your search down for you.
By helping you find the right energy plans that match your needs, you can be confident of making an informed decision when you sign up to a new energy plan.
Plus, our services are completely free to you.
Use our energy comparison tool to find and switch to a better energy plan, and we won’t charge you a cent!
We have more energy guides for you to check out. Visit Energy Guides Australia to learn more about how you can save money on your electricity & gas, while also learning some new tips and hints on energy concessions, tariffs and more!
Or you can visit Broadband Guides Australia if you wish to consult our guides on broadband connections or what to know about switching to the NBN.
Visit our Energy Frequently-Asked-Questions to also learn more about energy and break down the jargon in the industry.
If you would like to use our services to compare your latest energy bill then here are some ways to do so.