Gold Coast Electricity Costs: How to get a Cheaper Monthly Power Bill

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Electricity Costs Gold Coast

Post on June 13th, 2015

How much do you pay for your electricity on the Gold Coast?

It’s no secret that Australians are paying far too much when it comes to monthly electricity prices. In fact, according to the recent ACCC Retail Electricity Pricing Inquiry, households throughout Australia (and Queensland in particular) are paying some of the highest electricity prices in the developed world. State by state, Australian electricity prices are much more expensive than prices in the US, European Union, or Britain.

Comparison of residential electricity prices

While actual retail costs of electricity depend upon the wholesale market, distributors, and new green initiatives, Gold Coast customers have increasing power to compare rates and choose their own electricity company. Understanding your electricity bill and finding the cheapest rate for your energy is the best way for Queenslanders to save on their power bills.

Get a Better Price for your Electricity on the Gold Coast

The good news is that it is entirely possible to reduce electricity costs on the Gold Coast. Understanding the Queensland electricity market is the best place to begin. Between 2017 and 2018, the Queensland Tariff-Tracking Project found that it was possible for customers to save around $500 a year simply by switching from their old, standard rate to one of the competitive market rates on offer.

Electricity companies also offer huge savings and better prices on energy to customers who pay on time, or meet other conditions. The difference between standard offers, discounts, and bonus rates adds up to save hundreds on yearly power bills. Special discounts and incentives change all the time, so it’s important to do your research to compare the best prices every 12 months.

Queensland Discount Electricity Prices

By choosing an accurate electricity comparison service like Electricity Wizard, you can quickly compare the range of electricity rates available in your area to locate any cheaper prices near you. This is one of the fastest and most convenient ways to save money on your monthly power bill. Just contact us to see if you are already getting the best rate. If not, we’ll let you know which companies have the best deals so you can make the switch.

How to Reduce Electricity Costs on the Gold Coast

As well as switching to the cheapest price for your electricity, you can use these helpful tips to reduce energy usage around the house. A few simple tips to save energy will see extra savings on the price you are paying for electricity. By being proactive, you can dramatically decrease your power usage each month to save money and benefit the environment at the same time:

  1. 1. Don’t leave your appliances on standby mode. Many people don’t realise that appliances left on standby mode continue to use power. Televisions, computers, or games consoles left on stand by could each be costing you between $5 and $12 a year to do nothing. Turn off all large appliances when not in use to save money on your power.
  2. 2. Moderate your air conditioner use in the summer. For every degree higher, you reduce your air con bill by around 10%.  In Queensland, about 40% of every household bill in summer is due to the cost of running an air conditioner. A ceiling fan will save you money!
  3. 3. Purchase energy efficient appliances. The next time that you need to replace a large appliance, like a refrigerator, dryer, or washing machine, consider spending more on an energy-efficient appliance. This will save you more on your power bill in the long run. Well worth the investment!

Do You Want to Get a Better Deal on Your Electricity Bills?

At Electricity Wizard, we do all the hard work for you. When you call us, we’ll compare your rates and plans against the best electricity companies in south east Queensland. We’ll help you select a great plan for you to 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?

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