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Electricity Rates

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The news is filled with information about electricity rates skyrocketing, but it can be hard to understand and quantify what that really means.  The table below shows the true situation in Australia, with the average electricity bill increasing around $500 last year through standard market forces.  Of course your bill didn’t necessarily increase that much (but it may have been more), these statistics are based off an average Australian household, nonetheless you would have experienced some rate rise and its important you take control to minimise you bill.  At GoSwitch we study the data rigorously to understand what’s going on in the market and provide our customers with the best information possible to suit their needs.

Annual Electricity Rates in Australia

cheap-electricity-ratesBased on industry average consumption. How we calculate savings.

Electricity rate increase over five years

Electricity rates have skyrocketed over the last five year increasing an average of $200 per annum, and the experts predicts it’s only going to get worse. Each year, new players enter the market, often offering new, cheaper plans, but despite this, there is still price pressure on the average Australian household.  Once of the major reasons is because most Australian’s are on the standard default energy plan, and these are often amongst the least competitive rates in the market.

Last year was the worst electricity rate rise in recent history, increasing an average of $500 per household.  Luckily, GoSwitch users that switched to a cheaper energy provider last year, would only have increased an average of $200, or 40% of the rate rise everyone else experienced.  So it is a worthwhile exercise to check in with us every 6 months and see if there is a better rate for you.

Does “cheap electricity rates” mean poor quality?

Not at all. Your actual supply of electricity is managed by your energy distributor, which is fixed according to where you live. You energy retailer is the company responsible for determining how much you pay and sending your bills – if you switch to a cheaper electricity plan with another energy retailer, your supply remains exactly the same.  If you want to know how the costs are calculated, we outline how electricity pricing works in Australia in this article.

What do I need to know about GoSwitch?

GoSwitch is Australia’s leading electricity comparison site in Australia.  We created a comparison engine that analyses your current plan and electricity/gas usage against others in the market to advise you where you can save money.  Our staff are trained to take your situation into consideration, offering recommendations to suit you.  We have a call centre team ready to explain all the fine print, and if you are want to proceed, we take control of the switching process for you, so you don’t need to deal with messy paperwork.  We make it easy.

Finally, if you want some help, but don’t want to talk to anyone on the phone, you can use our ‘live chat’ function that automatically pops up on each page of the website.  This real-time chat function allows you to type all of your electricity rate questions and someone in our call centre will answer them.  If you then want to talk to that person on the phone, all you need to do is ask and they will give you a call, or you can proceed in your own way.

We try really hard to give good advice for free.  It’s what we are passionate about, and we supply lots of options so you can do it in a way that you feel comfortable with.  So give it a go, and let us know how you get on!

Peace of Mind Guarantee

If for any reason, after 6 months you are not happy with the retailer we switched you to, then we will move you over to any another retailer of your choosing from our panel and reimburse your exit fees where applicable: please refer to terms and conditions.

So now - you can switch to a new energy provider with complete peace of mind.

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