Act now to cut rising power and gas bills

With one month to go until the carbon price kicks in as part of the Federal Government’s Clean Energy Plan, residents and small businesses in Victoria are urged to act now to help cushion the impact of rising gas and electricity bills.

Energy prices around the nation are estimated to rise at least 10 per cent and as high as 18 per cent in some parts of the country when the carbon price comes into effect from 1 July.

Energy Quotes Director David Perry said higher energy bills will add to the burden for many families and businesses but there are some steps people can take now to help reduce their costs.

“Reaching a better deal on your power and gas bills will help save money and provide some comfort.

“Start with an audit to look at where you can reduce energy usage in the home or business, and don’t be afraid to shop around for a better offer based on your needs,” said Mr Perry.

According to Mr Perry, many energy consumers don’t realise they have a choice when it comes to their energy retailer and there are a range of different rates and competitive discounts on offer.

“Making the right choice can help households and businesses save precious dollars on energy bills, particularly if they are still on a standard or default contract,” said Mr Perry.

“The amount you save depends on several factors including energy usage and where you live. For example, in South Australia the average household on a standard contract, with a power bill of $500 each quarter, could save about $280 a year by switching to a cheaper energy provider.

“In the west of Melbourne, a household on a quarterly power bill of $300 with a default retailer could save at least $200 a year. Consumers in Southern NSW could save at least $150 to $250 on an annual bill of $1200 to $2000 by changing their plan.” The catch is that comparing the range of deals available can be confusing and customers need to make sure they are comparing like for like based on their energy needs.

“Look at the entire bill including energy rate and service charge, check if a discount on offer applies to all or part of the bill, and make sure you factor in an exit fee where applicable,” said Mr Perry.

An energy broker like Energy Quotes can make the process easy, with a fast and free service over the phone or internet.*

“We recommend you act now before the price rise hits in July as it can take up to 30-90 days to change to a lower cost provider,” he advised.

For more information call Energy Quotes on 1300 697 868 or visit www.energyquotes.com.au.

*Australian–based consultants compare a customer’s rate and discount from current retailer, with a number of energy providers in their area based on their energy usage. Advice given is based on information received at time of quote and may be subject to increasing government or supply charges.