Prices are about to go up – who is going to end up paying more?
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Winter is here and you know what that means, energy rates are going up and they won’t be cheap! So what can we expect to pay when it comes to our electricity usage?
From July 1st, energy rates will be significantly increasing across each state. Research from the Electricity Bill Benchmarks report[1] and the 2015 Residential Electricity Price Trends report[2] shows that winter is the month of the highest electricity usage for 5 of the 8 states and territories.
“The ACT have the lowest estimated electricity cost at just over 20c per kW, but their overall electricity use is second highest for winter, highest in autumn and the highest overall at over 1,300 kW,” says a spokesperson of leading energy comparison service comparethemarket.com.au.
“Overall, winter brings an additional average of $102.44 to an Aussie’s electricity bill.”
So what energy deals are on offer to help alleviate these rate increases and the cost of an expensive winter bill? We highlight the above the line offers across New South Wales, Victoria, South Australia and Queensland on the basis of a four person household using 1200 kW for a 90 day period.
The best “above the line” offers for each state are listed below:
New South Wales:
– Simply Energy “Autumn Sale” deal is giving a 23% pay on time discount on energy usage charges. This offer goes for a 24 month benefit term with a termination fee of $143 in the first year and $49.50 in the second year.
– Powershop “Standard Saver” deal is giving 4% guaranteed discount and 12% additional discount for paying an energy bill on time on both the usage and supply charges (total discount of 16%). There is no contract or termination fee either; this is a completely open plan. This offer is for customers who are happy to pay via email billing.
– Alinta Energy “Fair Go” deal gives a 20% pay on time discount on the energy usage charges. This offer runs for a 24 month benefit term with no termination fee.
– For a dual offer for electricity and gas, the best option would be with EnergyAustralia, they offer a 15% discount on electricity and a 13% discount on gas on the usage charges only. This will be applicable for those paying on time and will run for a one year benefit term with no termination fee. Customers will also receive a 2 month free supply charge per fuel cost as their promotion.
Victoria:
– Simply Energy (dual fuel) “Simply Extra” this deal will offer a 40% discount on electricity and a 25% discount on gas for paying on time on the usage charges only. This will run for a 24 month benefit term with no termination fee.
– Globird Energy “Boost” deal gives a 40% pay on time discount on the usage charges. This offer has no contract or termination fees.
– Powershop “Standard Saver” deal is giving an 18% guaranteed discount and 16% additional discount for paying the bill on time on both the usage and supply charges (this is a total of 34% in discounts). There is no contract or termination fee as it is a completely open plan. This offer is for customers who are happy to be on email billing.
– Sumo Power gives a 37% discount for paying your bill on time off the usage charges. This offer goes for a 24 month benefit term and after 12 months; the discount will drop to a 27% pay on time, off usage charges. This offer does not have any termination fees.
Queensland:
– Energy Australia “Flexi Saver” deal gives a 10% pay on time discount on the usage charges. This offer runs for a 12 month benefit term with no termination fee. This is an electricity offer only.
– Origin Energy “Origin Saver” deal gives an 8% pay on time discount on the usage charges. This offer runs for a 12 month benefit term with no termination fee. This is a dual fuel offer as well and customers can also receive a discount on gas.
South Australia:
– Simply Energy “Autumn Sale” deal is giving a 28% pay on time discount on the usage charges. This offer goes for a 24 month benefit term with a termination fee of $104.50 in the first year and $82.50 in the second year.
– Alinta Energy “Fair Go” deal gives a 20% pay on time discount on the usage charges. This offer runs for a 24 month benefit term with no termination fee.
– Origin Energy “Origin Saver” deal gives a 16% pay on time discount on the usage charges. This offer runs for a 12 month benefit term with no termination fee.
For further information or for an interview, please contact:
Hannah Twiggs, PR Assistant, comparethemarket.com.au
Tel: 07 3377 8879
Email: hannah.twiggs@comparethemarket.com.au
About comparethemarket.com.au
Comparethemarket.com.au is a comparison website that makes it easier and quicker for Australians to compare and buy products and services they rely on in their everyday lives. Whether you’re looking for a good deal on your car insurance, health cover for you and your family, the lowest fuel prices in your area, or an energy provider that suits your needs, then go to comparethemarket.com.au. It’s a completely free service and enables Australians to make purchasing decisions with greater knowledge, confidence and savings.
[1] Electricity Bill Benchmarks report: https://www.aer.gov.au/system/files/ACIL%20Allen_%20Electricity%20Benchmarks_final%20report%20v2%20-%20Revised%20March%202015.PDF
[2] 2015 Residential Electricity Price Trends report: http://www.aemc.gov.au/getattachment/02490709-1a3d-445d-89cd-4d405b246860/2015-Residential-Electricity-Price-Trends-report.aspx