The ECA reported in December 2017 that over a third of customers have never switched their energy provider. Most energy companies have their benefit period as 12 months after which there would be no discounts apply to your usage and supply charges. Only 23% of NSW residents switched their energy provider in 2017-2018 which makes it official that most of us are not paying enough attention to our energy bills and hence bearing the high cost. Therefore, if you don't shop around every 12 months then it is most likely that you are paying more than you should1
Three different regulatory bodies have come out and said it – Australia’s energy market is anything but competitive. First, it was the ACCC and IPART – now the AEMC have found that there are savings of up to $1,500 a year2
for Aussies switching from the worst available offer to the best.