1. Don’t default to the default
Market offers will still almost always be cheaper or equal to the new default offers and shopping around is still the best way to reduce your energy bills.
2. Don’t set & forget
Retailers are now required to notify you when your rate changes or your discount expires. This should prompt you to compare plans to ensure you’re getting a good deal.
3. Flexible payment options
To avoid bill shock you can opt to pay your bills weekly, fortnightly or monthly, or sign up for bill smoothing, which divides your annual usage into monthly instalments.
4. Don’t be distracted by discounts
Some retailers offer discounted rates but these are often conditional. Opting for a lower ongoing rate without discounts can be cheaper in the long-run, especially if you often pay your bills late.
5. Shop around
Use increased energy competition to your advantage by comparing current offers. Call an energy comparison service and make sure you have a copy of your latest bill handy.*