A recent electricity markets report published by the Australian Competition and Consumer Commission (ACCC) revealed that restrictions enacted following the COVID-19 outbreak last year had a significant impact on small companies and household electricity bills. Small businesses used 17 percent less energy compared to the past due to reduced in-office business activity and increased remote and online work. However, household electricity consumption increased 10 percent as homeowners, renting tenants, and residents spent more time at home. While household energy consumption and bills were higher last year, industry experts and watchers expect them to fall and project that this year will be better for homeowners and small business owners.
Homeowners who continue experiencing increases in energy consumption may be seeking ways to cut their electricity costs. In addition to reducing utilities, one practical way to decrease energy costs can be to switch to a new electric plan. Identifying different electricity providers to obtain a new energy plan from can be a time-consuming task for some householders because choosing the best supplier requires attention to detail and a thorough weighing of benefits and drawbacks. Fortunately, comparison tools are available online for homeowners to use to their advantage. Listed below are ways to make great use of an electricity comparison tool.
Find the best online comparison tool.
Government policies across Australia respond to challenges regarding energy and intend to support a new reliable, affordable energy system that can meet generational needs and the country’s emissions reduction target. As a response, the retail electricity market in Australia became more competitive, giving Australian residents access to an increased selection of energy suppliers. You can compare electric providers and the plans they offer using a reputable website that partners with suppliers and provides publicly available information regarding their policies, energy rates, prices, and more. The best site has a built-in electricity comparison tool that allows you to enter information regarding your household type and the type of energy plan you’re seeking and filter out your options according to what you think is essential.
Consider your current household energy use when searching for a new supplier and plan.
When you identify the best energy supplier for you, determine which of their plans will suit your home according to the number of people living in your home, the type of home you live in, the energy you consume, and your electricity bills.
Do you live with one other person or several? Is your home a Queenslander, a standalone townhouse, or an apartment? How frequently do you use entertainment appliances, laundry appliances, and utilities like water, electricity, and gas? How many kilowatt-hours (kWh) do you use on average? Using the comparison tool, you can determine if you’ll save money or spend more on electricity if you switch to a new plan. To have an accurate estimate of how much you’ll pay for energy under your plan, factor in any service fees or fixed costs associated with it and the length of your contract. Furthermore, to keep costs down, consider replacing your appliances and obtaining machines with enhanced energy efficiency.
Make changes in your household to augment your new energy plan.
In addition to upgrading the appliances in your home to cut energy consumption and associated costs, you can also try engaging in more pro-conservation acts around your house. Consider turning your devices off at the power socket when they’re not in use. Drying your clothes on an indoor clothes rack or hanging them outside when the weather is good can be effective alternatives to using your dryer. Likewise, using natural light as much as possible instead of turning on numerous lights indoors can help you conserve electricity. Ultimately, following these energy-saving behaviors under your new electric plan can help you get more for your money.