The Price Of Loyalty: Australians Losing Hundreds By Staying Loyal To Energy Suppliers

Do you know what’s really driving up the cost of your bill?

By Ansel Colburn,Electricity & Gas

Over the last decade power bills have gone up a staggering 44%*. While this is partly due to increased network costs, retail costs from energy companies have risen so high that they can now represent up to 40% of the total cost of your bill**.

Because energy companies determine these costs themselves, your choice of supplier is what determines whether or not you pay more than you have to. For example, an average energy user who stays loyal to the most expensive supplier, will end up paying $1,500 more every year than someone who has their plan with the cheapest supplier***.

When Aussies stay loyal to their supplier the only winner is the energy companies. Last year in Victoria, the profit margins for major energy suppliers were three times higher than comparable retailers in the UK, and around double that of retail sectors like fuel and food.

At ElectricityandGas.com.au we make it easy to understand the options that are available in your area, from a panel that includes suppliers both big and small. Our goal is to make home energy affordable for all Australians, through tools that make bargain shopping for energy quick, simple and effective.

Here’s How You Do It: Step 1: Select your State below.

Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings. NSW QLD VIC WA SA TAS NT ACT

“Market deregulation was supposed to reduce costs and make energy more affordable for everyday Aussies,” says ElectricityandGas.com.au founder Jon Leane. “But the reality we have seen is incredible deals for some contrasted with complete rip-offs for others. It’s just not fair for the people stuck with the raw end of the deal.”

“That’s why we started ElectricityandGas.com.au, because, with prices on the rise, we think all Aussies deserve the chance to find a better deal. How can you benefit from market competition if you don’t have an easy way to shop around?”

You get access to our large-scale bargaining power alongside no-mark up policies from energy providers across Australia, making it easy to find the best deals in your area. This service makes comparison shopping for energy easy, and best of all it’s totally cost and obligation free.

Just last month almost 40,000 Aussies chose ElectricityandGas.com.au to help them compare, switch and save. Cheaper energy bills are only a few clicks away. Why not join them?

*Figure adjusted for inflation

**’Price Shock: Is the retail electricity market failing consumers’ Report, The Grattan Institute. Figure for Victorian electricity bills.

***Figure from the Australian Energy Market Commission for South Australians switching from the worst to the best available offer

This article is opinion only and should not be taken as medical or financial advice. Check with a financial professional before making any decisions.