How to Compare Electricity Prices in Sydney
The price of rent, cost of living and transport can rack up living in Sydney. Whether you live in metro areas or live further out of Sydney suburbs, saving money is always a priority, and if you can knock of a few dollars off your monthly electricity bills it makes sense to go the extra mile to compare providers.
If you’re looking to compare electricity providers on your own, GoSwitch has a few tips to get you started.
Compare existing plans
It’s easy to look at your existing plan and compare with other providers. You can even figure out the overall rate of your provider and look at the rates available for other providers. Here’s a few factors and steps to comparing your current plan and other available plans.
Check on your energy consumption & usage
A good way to determine how much you are spending on your bill is to see how much you use every month and pair that with the number of people in your household. You can consider trying to reduce your usage where needed and then calculate how much electricity you have to use on a monthly basis. When you match how much you pay vs. number of watts per month you can establish price per watts and go back to other providers to see what they can offer.
Extras included and options to save
There could even be extras or discounts available with your existing plan, but when shopping around ask the providers what extras are included and whether you are qualified for discounts. Some providers offer bundle discounts or provide bonuses that are exclusive to the company.
Suppliers in your area
Of course you want to compare suppliers are available in your area, so use a portal to see which suppliers are in your suburb and determine the fees and costs they have for that region. Costs can factor in fees in the region, so look around to see how others consider this with other price factors.
Providers likely can provide you with a price breakdown so you can see exactly what is calculated for your electricity. It can be a lot of detail, but some people find it useful to understand every part of the plan and compare to other suppliers. What’s similar? What’s different?
What contracts are available and what contract works for you? Some contracts are locked in for 6 or 12 months, while some are month-to-month. Many people have a preference and if you want a contract that allows you to reconsider without added fees, or one that you can opt out of if necessary it’s a good question to ask when exploring options.
How is the provider with flexible contracts, payment options and plans? You want to make sure your provider matches with your lifestyle and preferences, whether they are likely to change or stay the same. Investigate how flexible to company is. You can even use past reviews to see how customer service approaches issues and how available they are to help.
Rebates and concession
If you are a low income earner then you should be able to get some rebates and concessions on your bills. Take to the provider or do your research and what is available.
Easy to use platform
If you are comparing online you can use platforms that let you look through all available providers in your area. This is a great way easily compare prices and companies without having to scour through all potential providers’ websites.
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