You Could Reduce Expensive Power Prices with an Electricity Comparison in New South Wales

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Electricity Comparison New South Wales

Post on June 13th, 2015

Doing an electricity comparison in NSW can save you big time

It’s no secret that the cost of living in New South Wales is expensive, and only continues to rise year after year. Even worse, homeowners and renters are being hit from all sides as power prices rapidly increase without any sign of relief in sight. The only way to get any respite from these rising costs is to get an electricity comparison. ElectricityWizard can help you do an electricity comparison in NSW, quicker.

If you’re ready to compare and make the switch for potentially much cheaper electricity and gas rates, it’s as simple as a phone call. Call us directly at 1300 359 779 to speak to one of our expert customer service representatives who will happily walk you step-by-step through the process. We work hard to help you save money with an electricity comparison in New South Wales.

You could call us, or, simply fill out the form below to get a fast, free quote in minutes!

ElectricityWizard will make comparing electricity rates in NSW simple. We will do all the hard work for you to compare apples to apples to help you find the great rates and plans from a selection of preferred suppliers in your area. And did we mention that our service is completely free? Take advantage of big potential electricity savings today to reduce expensive power prices!

Make living in NSW affordable with a quick electricity comparison

It sounds so simple, doesn’t it? Compare electricity prices, find a cheaper deal, and start saving. But trust us—it works.

According to the most recent approval from the Independent Pricing and Regulatory Tribunal, power prices in New South Wales are expected to spike by 18% in the next year alone. This means that the average household in New South Wales will pay power prices ranging from $208 to $427 extra each year, depending upon which energy provider they use.

Not bad, is it? Today, it’s more important than ever to do your homework as a homeowner or renter in New South Wales. You can start out with a helpful electricity comparison in NSW to ensure that you have access to any cheaper power prices available in your area to compensate for this rise in utility costs state-wide.

The unfortunate truth is that these power price increases could push some New South Wales residents into poverty, according to the Combined Pensioners and Superannuants Association spokesperson. Much of the reason for this strain on household budgets is due to the fact that the low income energy rebate in the state only increased by $15. This small compensation is hardly enough to support low income households that are struggling to pay monthly utility bills.

In short, low income rebates aren’t keeping up with spiking electricity prices. To potentially save a great deal of money on expensive power rates that could put a strain on your budget, consider an electricity comparison in New South Wales to help you reduce electricity rates.

Here’s how we recommend you do an electricity comparison, so you can say goodbye to exorbitant bills.

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Our guide to doing an electricity comparison

While ElectricityWizard can do the heavy lifting for you, you might be one of those people who prefers to do the research themselves. We don’t blame you—we love that stuff! So if you’re playing along at home, here’s how we would go about doing an electricity comparison to reduce your electricity bills.

To start with, dig out your last couple of electricity bills and find out how much electricity your household has been using. You can find this information on the couple of pages.

You’ll be able to find an electricity consumption graph here, which your supplier is legally required to supply. This shows you the amount you’ve been using in your household for that billing cycle, and what you’ve used for the year to date.

Using this graph you can determine your (rough) electricity usage habits, like when you use the most electricity, and whether your use is going up, down, or staying the same.

This is also where you’ll find out what you’re being charged for your bill. Your charges are made up of a couple of different things:

  • Kilowatt-hour usage: This is the basic rate for electricity that you’re getting charged, and is usually listed in kilowatt-hours (kWh), or sometimes as “units”.
  • Supply Charge: This is the fee that you get charged to stay connected to the electricity grid. It can also be listed as a “service to property charge”, and you’ll see that you get charged at cents per day.
  • Network Charge: There could also be an extra charge on your bill, the network charge or distribution charge, which is a little something you might be required to pay to help provide maintenance for the electricity poles and wires in your area.

The other important thing that determines what you get charged is your tariff. This is the pricing structure that your electricity plan comes under, and there are a few common types you might come across:

  • Single rate tariff. This tariff sees you charged at one set rate per kilowatt hour, regardless of when or how much electricity you use.
  • Time of use tariff. A time of use tariff means you get charged at different rates depending on when you use your power. Obvious, we know, but this is where the terms “peak” and “off-peak” come into effect—peak hours, are usually during the day and into the early evening and are charged at higher prices, and off-peak hours tend to be overnight and earlier in the morning, and are lower.
  • Controlled load tariff. A controlled load tariff is a specific meter for larger, single-use appliances, like your pool pump or your electric hot water system. These appliances have their own tariff, that gets charged independent of your regular tariff, and you can have more than one controlled load operating at your property.

So that’s what you’re getting charged for on your bill. Now it’s time to put this information to use, and compare plans to see what you’re currently getting charged against what other companies are offering. You might be surprised.

  1. Have a look at what each company is charging. It sounds obvious, but it pays to make note of what each supplier is charging per unit, what tariff you’ll come under, your supply charge, and other fees that make up your monthly bill. The more information you know, the more informed a decision you can make.

  2. Have a look at the length of the contract. You want to make sure you’re not only signing on for one year when you were looking to be in it for the long haul, or vice versa.
  3. Is your supplier going to increase their rates in the near future? While most suppliers tend to keep their rate rises in line with the cost of living (although we all know how that’s going these days), there are some that say they don’t cap their rate rises. If you come across a plan like this we recommend that you avoid it, as this can hint that the supplier is planning to increase their rates in the near future—and you’re after a saving here, not a higher rate.
  4. Do they charge any fees for disconnection, moving house, or breaking contract? Organising a disconnection, let alone moving house, is stressful enough as it is, so you don’t want to find down the track that you’ll be charged a big fee for it. You also want the comfort that you’re free to change contracts if it suits you, so check this one too./li>
  5. What payment options do they offer their customers? You might like the convenience of having your bills debited directly from your account, or you might prefer the satisfaction of paying each bill via Bpay—whichever you prefer, check to see that your supplier offers that. You don’t want to sign up to a new contract, only to find that they still only accept cheques!
  6. Can they offer you any discounts? It sounds cheeky, but that’s the way the market is going—with the amount of competition around today, suppliers are doing what they can to entice you in as their customer, so why not play the game? You might be able to get a discount on your rate, or even some movie tickets, or something like that to sweeten the deal.
  7. But if you do get a discount, make sure you know what it’s a discount for. There’s a significant difference between a monthly credit, a discount on your usage rate, and a percentage discount off your entire bill. Check to see you know what your discount is for, before you sign anything.
  8. Can they match—or beat—rates set by their suppliers? Again, here’s where the competition on the market works in your favour. Asking if the supplier you’re looking at is willing to match or beat rates set by their competitors can see you get a better deal, with a supplier that you actually like.
  9. And after all that, it can’t hurt to check back in with your current electricity company and ask if they can offer you any special deals, discounts, or incentives, as a way to make you stay on with them. You’re comparing electricity prices, after all, so asking them for a cheaper deal puts the power into your hands—and what have you got to lose?

Okay, so we admit that it might sound like a lot of work. But it’s worth it in the end.

If doing in-depth research isn’t entirely your thing, then we can help you out with that.

Get a better deal on your electricity bills the easy way

At Electricity Wizard, we do all the hard work for you. When you call us, we’ll compare your rates and plans against our preferred suppliers available in your area and help you select a great plan for you. We are here to help you cut down costs and meet any other criteria you may have. Best of all, our service is completely free, so what do you have to lose?

Try us today! Call Electricity Wizard now on 1300 359 779 or fill out your details below to have one of our comparison specialists help you get a better deal on your energy bills starting today!

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