In the past year, there has been a disturbingly growing number of households in Victoria who have been finding it more difficult to pay their energy bills.
According to the Essential Services Commission (ESC), power prices went up by 16 per cent in the last financial year1, which has caused more financial strife for households.
However, there are options out there for you to try and find a better deal on your energy plan.
If you have been on the same energy plan for over 12 months, then there is a fair chance that you are probably paying too much money.
Consider comparing your current energy bill with our panel of providers to see if there is a better deal for your household.
Electricity plans come in two major forms: market and standing offers. If you have been on a market offer for over a year or your contract has lapsed, then there is a chance that you may have been moved to a standing offer.
Standing offers are generally the more expensive plans in the market place. Customers who are not active in comparing their energy plans often may be on a standing offer without knowing it.
Market offers come packed with various discounts that are designed to reward customers if they meet certain conditions. It is these offers where you can save quite a bit of money on your energy bills, provided you sign up to the right discount plan.
Comparing energy market plans is what we do, and we have been doing it for many years. With our experience, we may be able to find you a better market deal than the one you are currently on.
Market offers contain a variety of different kinds of discounts. The discounts are conditional-based, and you may receive them should you meet the requirements of the discount.
It is always important to read the fine print of the energy plan your signing up to and ensure that you are in a position to meet the discount conditions.
Failing to meet the discount conditions may result in a more expensive energy bill.
Here are some of the more well-known discounts you may encounter:
Market offer discounts can also come with a long-term contract of up to 12 months or 24 months generally.
Again, remember to read the fine print and the terms & conditions of your energy plan. Once you sign up to a contract, you may have to pay an exit fee if you wish to break the contract to switch plans.
What some people may not know about these market offers is that once the contract has reached its end, then a provider may move you to a standing offer. Standing offers are generally more expensive than market offers.
So, it pays to always be aware of how long you have left on your energy plan, and to begin comparing plans when you near the end of your contract to ensure that you remain on a good plan that suits your households needs.
We can compare your current energy plan against our providers market offers to see if there is a better deal for you.
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.