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Australia How to save even more money on your energy bill

04:40  20 october  2020
04:40  20 october  2020 Source:   dailymail.co.uk

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For many people, the regular electricity bill accounts for a significant part of the household budget. In fact, the energy bill is often only surpassed by the mortgage It's usually in your best interest to keep it as low as possible, conserving energy and money . Scroll past the jump to learn how to start saving .

a person sitting at a table using a laptop computer: MailOnline logo © Provided by Daily Mail MailOnline logo

Australians are saving hundreds of dollars on their electricity bills, according to a new report.

Fresh figures published by the Australian Competition and Consumer Commission on Monday showed that 1.5 million households paid 7.6 cent less for power in 2019.

The savings are due to a series of reforms brought in by the Federal Government last year which resulted in individuals saving about $219 and small businesses pocketing an extra $424 annually.

Law reforms directed providers to compare prices against the same base rate when advertising deals.

a person sitting at a table using a laptop: Fresh figures published by the Australian Competition and Consumer Commission on Monday showed that 1.5 million households paid 7.6 cent less for power in 2019 (stock image) © Provided by Daily Mail Fresh figures published by the Australian Competition and Consumer Commission on Monday showed that 1.5 million households paid 7.6 cent less for power in 2019 (stock image)

HOW TO SAVE MONEY ON YOUR POWER BILL

Go to Energy Made Easy and upload a recent power bill.

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The site will provide the best plan for the household's power usage.

Consumers who want to change providers will then be guided through the process.

Customers who want a better deal with their current provider are encouraged to call and ask.

Source: ACCC

Prices were also capped at a default price in New South Wales, South Australia, Queensland and Victoria to ensure companies did not charge customers more than a set rate.

Despite the changes, the consumer watchdog said many consumers are still paying inflated rates because they are using older plans, or signed up for deals that have since expired.

ACCC Chair Rod Sims said any residents yet to see savings should shop around.

'It continues to pay for households and small businesses on market offers to shop around, especially those with one of the big three electricity providers, because these customers often paid more than customers with other providers.'

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He added that free government websites such as like Energy Made Easy and the Victorian Energy Compare give consumers a way to compare their bills across providers.

The website allowed users to upload previous power bills with their energy usage information for a free cost comparison across all providers.

Minister for Energy Angus Taylor said changing energy companies is 'a lot easier than it used to be'.

Minister for Energy Angus Taylor said changing energy companies is 'a lot easier than it used to be' (stock image) © Provided by Daily Mail Minister for Energy Angus Taylor said changing energy companies is 'a lot easier than it used to be' (stock image)

'Energy Made easy will find the best possible plan for your usage and then it'll help you through the switching process,' he told Sunrise.

Mr Taylor also explained that customers can call their current provider and ask for a better deal.

'Companies know that competition is something that have to respond to, and we strongly encourage people to get out there and do it.'

The report also revealed that customers who use solar power paid 24 per cent, or $313, less in 2019 than people who buy power from the grid.

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