Post on June 13th, 2015
In a newly published report from the Energy Users Association of Australia, prepared by Carbon Market Economics, it revealed that household electricity rates in Australia have spiked by over 40% since 2007. Even worse, electricity rates are expected to increase by more than 30% by 2013/2014!
If you’re already feeling the crunch of outrageous electricity prices, it’s time to take matters into your own hands. When you use a quick, accurate electricity comparison service like ElectricityWizard, you can compare and switch electricity retailers to potentially lower your annual power prices each year.
Paying too much for electricity is simply unacceptable. If you’re looking for affordable electricity rates in your area, just fill in the form below or call us directly at 1300 557 701 to speak to an expert customer service representative. In less than 5 minutes, you can get a fast, free quote. We are here to help you locate cheaper electricity rates today!
Why Are Electricity Rates Increasing Throughout Australia?
If you, like many Australians, are wondering why power prices are becoming more and more expensive, there are several factors to blame:
- Cost for replacing outdated electricity infrastructures.
- Monetary impact of government renewable energy schemes.
- Inability to meet peak demand for electricity in each state.
Although these factors may not seem like much, electricity networks are increasing their wholesale electricity prices in order to pay to replace outdated electricity infrastructures nationwide. This price increase has trickled down to electricity retailers, who are raising their prices to compensate – affecting customers throughout Australia.
When you add to that the monetary impact of the implementation of government renewable energy schemes, you have the perfect storm on your hands. The electricity industry is being pulled from all sides and can only respond by increasing prices in order to keep up with the growing demand for electricity in each state.
One of the most effective ways to save money on electricity rates is by comparing and switching to a cheaper electricity retailer near you. Once you have that taken care of, you can reduce your annual power bills even further by using electricity in off-peak periods when it’s available at a cheaper rate.
Electricity used during peak periods is significantly more expensive since the majority of people in one area are turning on their power at the same time, normally when cooling homes on hot days or heating homes on cold nights. If at all possible, try to use electricity in off-peak periods when rates are more affordable. This can reduce your annual power bills massively every year.
Want 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 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?