GUIDES & RESOURCES

Energy Providers: Learn more about some of Australia’s gas and electricity providers

We know it can be difficult to wrap your head around energy plans and providers. To help you along, here is our guide to comparing energy providers.
Young couple looking at tablet

Compare Electricity & Gas Plans

Save time and effort by comparing a range of energy plans with iSelect*

X

Energy providers are the companies who manage the gas and electricity which powers homes and businesses across Australia. These companies can change their rates each year, which occur in July for QLD, NSW, ACT, and SA, and in January for VIC.

Amendments to charges are mostly due to a growth in consumer demand; networks are having to cope with larger house sizes and a growing use of appliances such as air-conditioning1. In order to meet demands, new infrastructure needs to be built and networks need to be able to cope. Unfortunately, these costs have to be passed to the consumer.

Things to consider when comparing providers

There’s no such thing as “one-size-fits-all” when it comes to choosing an energy plan. Compare energy providers to ensure you are getting a plan tailored to your energy and gas needs. Find plans from major providers such as AGL, Blue NRGEnergyAustralia, Momentum Energy, Origin Energy, and Red Energy.

The plan you select depends on a number of factors and, while price is important, there are other things you might want to consider, too. Think about:

  • Whether the plan is based on fixed or variable rates
  • If you’ll be charged a fee to exit early
  • If there are any reward schemes or other benefits on offer

compare energy providers

Questions to ask prospective energy providers

When you’re thinking of switching energy plans or providers, it pays to be well-informed. Ask the right questions to prospective providers to ensure you have the full picture when comparing plans.

Some example questions could include:

  • What is the charge in cents per kilowatt hour (c/KWh)?
  • What is the daily supply charge?
  • Are any fees involved for an early exit or late payments?
  • Are there any discounts available and how can you qualify for these?
  • If there are any conditional discounts available, consider whether you meet these conditions
  • How and when will you be billed?

Your rights and responsibilities as an energy customer

It’s important to thoroughly read the terms and conditions before entering into any contract. By law, energy retailers have to provide you with a contract that clearly states this information2.

It should contain a fact sheet discussing all charges, exit fees and other penalties, the duration of the contract, payment information and other vital components of the contract.

At iSelect we can review the details of a plan for you, to help you find an energy plan which suits you.

australian energy providers

How to take control of your energy bills

The Australian government recognises the difficulties faced by the average household, so it has implemented movements to bring reliable, affordable energy to Australia that will benefit consumers on a long-term basis3.

Of course, consumers have to do their bit to keep energy usage to a minimum, for both their own economic gain and for the good of the planet.

You can do this by making small changes every day to the way you consume gas and electricity. On average, 40% of energy consumed in Australia goes on heating and cooling, 25% goes on hot water, up to 30% is used to power appliances and 8-15% goes on lighting4.

We can, of course, keep our bills lower by focusing on all four outgoings.

1. Heating and cooling

For every degree you increase heating and cooling, you’re using 5-10% more energy4. Find other ways to control your climate, such as by shutting off rooms that aren’t in use, applying seals to prevent draughts, and insulating walls and windows.

2. Hot water

By installing an energy-efficient showerhead and hot water system, and turning off your storage system when you’re away from home for longer than a week, you could see significant savings on your energy bills.

3. Appliances

Newer, energy-efficient appliances may have a higher up-front expense, but are more cost-effective to run. Appliances use power even in standby mode, and appliances that aren’t in use make up as much as 3% of energy consumed. Try switching them off at the power point.

4. Lighting

Switch to LED lights and natural lighting where possible and ensure every family member is in the practice of turning off lights in any room not being used.

Compare energy providers with iSelect*

At iSelect we make it easy to compare energy plans from our range of providers. With personalised advice and access to some of Australia’s most reputable retailers, we make it quick and painless to switch providers and ensure you’re getting a good deal.

Our service costs you nothing, so call our team on 13 19 20 for all the clarity you’re looking for when comparing from our range of providers*.

 AGL Logo Energy Provider  Red Energy   Simply Energy
 AGL Red Energy Blue NRG Simply Energy
 EA Logo momentum logo origin energy australia logo  
 EnergyAustralia  Momentum Energy Origin Energy ActewAGL
       
       

 

Sources:
1.https://www.aph.gov.au/About_Parliament/Parliamentary_Departments/Parliamentary_Library/pubs/BriefingBook44p/EnergyPrices
2. https://www.aer.gov.au/consumers/choosing-an-energy-retailer/your-energy-rights
3. https://www.energy.gov.au/government-priorities/affordable-reliable-power-australians
4. https://www.energy.gov.au/households/energy-basics-householders

 

Feedback