How to properly compare the market on electricity?
Are you comparing the market on electricity? Here are some tips to make sure you get the best possible price for your area.
Have a bill handy
Before you look at any electricity comparison service, you should have your latest (if possible) bill handy. This will give you the most up-to-date pricing to use in your baseline comparison. Guessing with older amounts might skew the results, so always have your most up to date bill, with all pages. This way you can see what your daily fixed charge is, as well as your usage charges.
Ask your state government if you’re eligible for concessions
Many concession card holders or seniors may be eligible for concessions on their power bills thanks to state government rebates and initiatives. For example, the NSW Government offers energy rebates for low-income households and families receiving the Commonwealth Government Family Tax Benefit A or B. Other states have similar concessions for seniors, as Seniors Card holders can apply for a special discount in Victoria.
You may also be eligible for discounts if you operate life support or medical devices at your home.
For more information, visit Energy Australia.
Use a site that gives you the raw numbers
Many comparison sites want to sell you certain electricity plans even if it doesn’t represent the best savings for you and your family. This is helped by pushing big “discounts” on their comparison tables, even if the discounts only apply to a small part of the bill. Worse still, some comparison sites try to call you up at inconvenient times to secure the deal, even if you are lukewarm to the idea.
Econnex avoids all these traps by giving you the raw numbers, expressed in dollar terms. Econnex shows how much you’ll save in dollar figure, instead of percentages and hard-to-understand discounts. Better yet, the plan you choose is 100% based on facts. Econnex doesn’t call you up to confirm the switch – it’s all done within your browser.