Australians everywhere are concerned with rising electricity and gas prices, and rightly so. In the past five years, energy bills have risen dramatically and have placed financial strain on households throughout the nation.
According to energy experts, like the chairman of the Australian Energy Regulator and the Managing Director of one of the largest electricity networks in Australia, Ausgrid, electricity and gas prices are soaring for several specific reasons:
- Ripple effect of government renewable energy schemes.
- Funding needed to replace aging electricity infrastructures nationwide.
- Increasing demand for electricity and gas used during peak periods, such as on very cold or very hot days.
For Australian homeowners, there is hope in sight. You can take one important step in the right direction by comparing your current electricity and gas rates today using the ElectricityWizard comparison service. In just a few minutes of your time, one of our skilled representatives will provide you with an accurate cost comparison to help you possibly save large on annual energy bills.
For more information on important electricity and gas savings, simply call 1300 557 701 or fill in the form below to get started on your free quote at no obligation to you.
Save Money on Electricity and Gas in Off-Peak Periods
One reason that prices for electricity and gas are so expensive throughout Australia is the constant use of electricity during peak periods. Peak periods create something called peak demand, where households throughout Australia turn on their electricity at the same time – namely during very cold nights or hot days.
As a result, this creates a peak demand, where the electricity network has to work even harder to meet the increased need for electricity during a set time period. If an electricity network doesn’t have enough capacity to meet peak demand, the system will stop, and some areas may be without power as a result.
For this reason, electricity networks continue to raise their prices, causing a ripple effect that trickles down to more expensive electricity and gas rates from house to house. Electricity networks must increase their rates in order to build a larger electricity system that will be able to handle peak demand in each state so that all homes will receive ample electricity without any power outages.
If you want to save money on electricity today, it helps to do an electricity comparison to get cheaper rates. From there, you can reduce your electricity and gas rates even further by using electricity in off-peak periods when the demand is lower and prices are cheaper.
How to Compare Electricity Providers
ElectricityWizard allows you to quickly and conveniently compare an assortment of electricity providers’ plans in your area. One of our trained specialists can help you find the better available rates and options in your service region so that you can choose a plan that better meets your needs, one that saves you money.