Victoria became the first state to introduce price deregulation to retail electricity prices in 2008.
There are now more than 20 electricity and gas retailers to choose from in the Garden State, resulting in a more competitive market and greater choice for customers.
Are you looking for a great deal on electricity or gas? With so many options to choose from, the hard part can be narrowing down the right plan for your lifestyle and budget. That’s where Energy Watch can help.
Energy Watch makes it easy for you to compare different energy providers in Victoria so you can find the best plan for your household. As you compare different offers, it’s important to keep in mind the following points:
• Rates. How much does the retailer charge for electricity and gas? Be sure to look at the variable and fixed charges for each provider you are considering.
o Variable. Variable charges are based on your actual usage – (measured in cents per kilowatt hour (kWh) for electricity and cents per megajoule (c/MJ) for gas.) Rates may be divided into peak, non-peak, and seasonal usage rates.
o Fixed. Also known as the ‘supply charge’, this is the cost associated with supplying gas or electricity to your home or business.
• Discounts and incentives. Does the retailer offer any pricing incentives? These might include:
o An on-time payment discount when you pay your bill on or before the due date.
o Discounts for bundling your electricity and gas plans together.
o Generous first-time customer rebates to get you to sign on.
• Payment. To make it easy to manage your energy bill, look for a provider that offers a range of payment options, for example:
o Fortnightly, monthly or quarterly billing.
o A variety of payment options, such as payment plans, direct debit, etc.
• Add ons. As Victoria embraces more eco-friendly energy, many plans now offer solar energy options.
If you’re consistently getting hit with big energy bills, it might be worth looking around to see if you can get a better deal.
Energy Watch makes it easy to quickly compare different energy plans, which could see you saving a bundle. It only takes a few minutes and won’t cost you a cent!
If you’re in the market for a better deal on energy in Victoria, compare offers from some of Australia’s leading energy providers. Or call us on 13 92 82 and we’ll help you find a plan that’ll keep your wallet happy.