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Australia is a large country with different electricity providers in each state. This makes it difficult for consumers to compare electricity prices and plans across the nation.
Fortunately, Econnex is here to help you find the best deal for your needs. In this blog post, we show you how to compare the rates and therefore make informed decisions.
First, it’s important to note that the electricity market in most parts of Australia is deregulated. This means you can choose your energy provider from a range of options available on the market.
Despite the deregulation of electricity in Australia, not all states have equal rates. Some States have higher charges than others.
New South Wales has the lowest electricity plans, while South Australia and The Capital Territories have the highest rates.
What’s the average rate?
Second, find out the average electricity price in your area by using the Energy Market comparison tools such as Econnex.
You will receive a quick update on rates for your area, which can help inform future decisions about switching providers and tariffs. You can also use this information to compare with your electricity usage.
How much can you save?
Third, consider how much you can save by switching to a different company – the difference in rates could be enough for more free time or an outing every month! Compare prices and fees at Econnex before making any decisions about changing suppliers. Finding the best deal is easy with our energy comparison tool.
What’s your KWH usage
Fourth, understand how many kilowatt-hours (kWh) you use in a month and calculate your savings.
The more you know about your electricity usage, the easier it is to determine which plan or provider will save you the most money.
From your electricity bills, you should quickly determine your average monthly energy consumption. But if you can’t estimate your monthly usage, you can estimate based on family size and house type.
Econnex makes this process easy for you. You can fill out the online form in just a few minutes, and it will do everything else for you.
Fixed-term contracts and variable rate plans
Fifth, compare electricity rates for fixed-term contracts and variable rate plans.
Under a fixed-term contract, your electricity billing rate does not change within the contract period, usually 12 months.
But for variable-rate plans, your supplier can adjust the rate but must give advance notice.
Econnex makes comparing prices as easy as possible so you can get the best deal on electricity in Australia. It offers both types of contracts to suit every kind of household and business energy use.
What are the available discounts?
Sixth, check if there are any discounts available for new customers or long-term customers. The energy Providers offer different types of plans, discounts, and contracts to suit your energy needs. Get the best deal with our easy-to-use service so you can save money on electricity in Australia.
Comparison shopping is a smart way to choose your electricity provider. If you’re not sure how much you can save by switching, use our handy tool to compare electricity rates in your area and calculate savings. You should consider both fixed-term contracts and variable rate plans as well as discounts for new customers or existing ones who have been with their providers for a long time.
Many factors go into deciding which company is best for you, but luckily we’ve done all of the work for you! Our customer service representatives are available at any time to assist with any questions or concerns you may have.
Let’s talk soon.