Choosing the right energy provider in Australia can be overwhelming. Given the dynamic landscape of Australia’s energy market, major energy providers are drawing a teeth-to-teeth competition. With new regulatory laws in place, energy providers are up against a slew of security and reliability challenges. This, in turn, has triggered uncertainty and variability throughout. Hence, making an informed decision is the need of the hour to maximise savings and ensure high efficiency. The following are five practical ways to help you compare energy providers in Australia.
Using an online comparison tool is the most straightforward approach when comparing energy providers. Websites like Money.com.au, Canstar Blue, and Compare the Market have free comparison tools that comprehensively view energy providers according to their tariff, latest plans, contract length, and estimated monthly expenses. You can also get some good discounts occasionally through certain affiliate links.
Customer reviews and ratings offer valuable insights into company performance, service categories and satisfaction levels. For instance, if you want to compare electricity NSW rates, you must pay attention to the comments made by current customers. While positive comments are important, don’t ignore the negative feedback. This is because a customer’s satisfaction with a particular energy provider can vary depending on the usage patterns. So, consider both positive and negative comments to take the final call.
Before comparing energy providers in your area, it’s essential to form a clear understanding of your energy usage patterns. The easiest way to go about it is your past energy bills. You must consider at least 10-12 energy bills to understand your energy usage pattern comprehensively. After you have estimated the average expense, make a note of the period when it was all-time high and low. You will see how the holiday season will show more consumption. Look for energy providers who offer tailored services for households that consume more energy, like the ones with solar panels or charging electric cars.
Whether it’s pay-in, sign-up bonuses or direct debuts, every other energy provider provides discounts for new customers. On the surface, it looks tempting, but they often come with terms and conditions, like signing up for a 2-year contract period.
Some discounts are also available for a limited time to make customers act fast – the usual Fear-of-Missing-Out marketing. So, as an informed buyer, you must steer clear of such marketing monikers and choose what you think is the best for your energy needs.
Green energy is a worthy option for those who prefer environment-friendly energy sources. Generally, it means working with energy from renewable sources, like solar and wind.
Thus, when comparing providers, always check if they offer green energy plans and assess the percentage of renewable energy. Choosing a provider with a strong commitment to green energy can contribute to a more sustainable future.
Comparing energy providers in Australia doesn’t have to be complicated. You can always make informed decisions using a combination of online tools, customer reviews, and understanding your energy usage patterns.
One must remember that there is no set rule to follow while choosing an energy provider. Everything boils down to the specific requirements of a resident or a business. However, comparing providers is always a wise call to save more and choose a more sustainable option.
The key here is to spend time doing considerable research. While online comparison tools are convenient, relying on word-of-mouth references is always a good idea. If you have specific queries about the services of an energy provider, it’s best to schedule a call or drop them an email with the details. The more proactive you get with your research, the closer you will be to choosing your area’s most functional energy provider.
What else would you like to add to this list to find the best energy provider in Australia? Hang out in the comments section below and let us know.