I hate to think about it, but our electricity bill is high, really high. I opened it recently and was shocked to find it was $1400 for the last quarter! Ouch! Okay our house is all electric with no gas, but really? It is not even a big house, it is a small house. We don’t even have hordes of people living with us. It is just the 3 of us. Yes, the bill was for over the winter period but even then it seems ridiculous. Surely I could get a better deal?
With my mission set, I went off in search of more spark for my buck. My first stop was the Australian Government website called ‘Energy Made Easy’ (click here to check it out) This site is designed to help you compare all the electricity and gas retailers in your area to see if you are on the best energy deal for your needs. All you need is a recent bill and they will give you a run down on the most appropriate deals for your location and usage levels.
From the bill I needed:
(1) The time period for the bill
(2) The total amount of electricity we used (usually on the second page)
Then the only other things I needed were my postcode and what type of tariff you are on (they help you figure out that). The results came back that there were 3 providers that had the best deals for me and interestingly they were 3 companies that I had never heard of!!
Next I visited the individual company’s websites. As it turned out one of the companies was in Tasmania so they were out of the running given I lived in New South Wales!!! So I contacted the remaining two companies and got them to give me a call. It is a bit of a pain to have to go through all the rigmarole of talking to the companies – but nothing beats leg-work when it comes to getting a great deal! Besides you learn a lot about how your bill works and how electricity is charged.
In the end I went with a company that gives me:
(1) A rate structure that is far more favourable than my current provider.
(2) 5% off the total bill for paying on time. This is an easy win for us as I always pay on time using direct debit. This discount alone is worth $70 a quarter off my bill as with my previous energy company I did not get any discount. (Note: If you have a Healthcare card you are also eligible for a further discount so make sure you tell your electricity/gas or telephone company if you have one).
(3) No surcharge for using my credit card to pay by direct debit, unlike my previous provider.
(4) It is a two year contract but with no break fee if we leave the house.
My guesstimate this change in supplier will save us $160 per quarter or $640 per year. Not a bad payoff for a couple of hours work.
Now my next project is to get our electricity usage down 🙂
p.s always contact your current provider before making a change and find out any costs that may be involved in switching.
If you liked this post you might also like:
5 Financial Tips You Need To Know Now You’re A Parent