With only a few weeks to go until the carbon price kicks in as part of the Federal Government’s Clean Energy Plan, residents and small businesses in NSW are urged to act now to help cushion the impact of rising energy bills.
According to the Independent Pricing and Regulatory Tribunal (IPART)’s final determination announced today, regulated electricity prices will rise by an average of 18 per cent and gas prices as high as 15 per cent when the carbon price comes into effect on 1 July.
Energy Quotes Director David Perry said higher energy prices 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 your 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, some 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 each year, particularly if they are still on a default contract,” said Mr Perry.
“For example, an average household using a default retailer on a quarterly bill of $300 to $500 a quarter could save about $150 to $250 a year by switching to a lower cost energy provider.”
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 own 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 customers act now and do their research before the price rise 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 Energy Quotes will only recommend a customer change their plan if it will save them money.
*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.