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Did you know that the two numbers at the beginning of the postal code will have a significant impact on the electricity bills you pay?
According to data from the Australian Energy Market Council (AEMC), people living in New South Wales pay the lowest electricity bills in the country, while those living in the Australian Capital Territory and South Australia have the highest electricity bills.
Although many of us may have attributed the additional costs we pay for electricity bills to the aftermath of the pandemic and more time at home, where you live—rather than wandering around for better energy transactions— —In fact, it may be the culprit.
“Energy prices may vary depending on where you live. This may be affected by the energy supply, infrastructure, market conditions in the area, etc.,” said Catherine Anderson, chief customer officer of online power retailer Powershop.
“The best thing consumers can do is to shop around to make sure their deals are suitable for their families.”
Although the national electricity cost is on the rise, AEMC’s new report shows that starting this year, electricity prices should fall.
Ms. Anderson said that if customers think they are paying too much, they should contact their energy company without hesitation.
“Call the energy company to ask about your transaction and whether it is suitable for your family. You should feel comfortable,” she said.
“The purchase of energy transactions is more than just comparing rates-you need to ensure that the retailer you choose matches your values, protects the planet, and is transparent about your transactions.
Three ways to reduce electricity bills
In order to reduce the cost of electricity bills, Ms. Anderson suggested to develop the following family habits.
1. Heating and cooling usually have a large impact on energy costs. Use reverse cycle air conditioning and try to set the temperature between 24-26°C in summer. Setting your air conditioner to a temperature 1 degree higher than the usual temperature in summer can reduce costs by up to 10%.
2. Reducing airflow and improving the insulation of your home can reduce heat loss in winter and help keep it cool in summer. For some people, this may include things like double-glazed windows, but even an inconspicuous door snake that blocks airflow or closes curtains to keep heat can have an impact.
3. Many things are about your behavior and making small changes around the house – Turn off the lights when you leave the room, talk to your child about energy efficiency, and use apps such as the Powershop app to see how your behavior affects your energy use.
Frequently Asked Questions: Electricity Charges
Will electricity prices go up?
Although prices are expected to fall this year, they will still be higher than 10 years ago.
When I switch energy suppliers, will I lose power when they switch?
No, when you change energy suppliers, you will not lose power. All energy in your area is provided by the same distributor, which means your retailer only needs to take over your account.
What should I pay attention to when comparing power plans?
To ensure that you are provided with the best electricity transaction, you need to compare retailers. To complete this task and get the best deal for you, please ask the following questions.
What are the peak and off-peak rates for each retailer?
What is the average usage in your household?
What is the supply cost for each retailer?
What is the green energy rating of each retailer?
Are you ready to be locked in the contract? If yes, how long will it take?
If you want to change the retailer again, do you need to pay a cancellation fee?
related: Thrifty dad of seven children cuts $2,400 in bills
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