So, you want to compare electricity and cut your bill?
That might entail finding a better provider with lower rates.
While many companies are battling to offer you the best deal on electricity, still having to go through each one can be taxing and time-consuming.
It might turn out to be a waste of time if you’re doing comparisons every few months because rates from some electricity providers can change pretty drastically.
Thankfully, there’s a much better way to get the best deal on your electricity without wasting too much time or effort – and you won’t even need to pick up the phone or send off a lot of annoying emails!
Here is what you need to do to get the cheapest electricity provider
Compare Different Providers
The best way to save money on electricity is to shop around and compare rates between different providers.
Before you can proceed, you should take the following steps: start comparing companies so that you can get the most accurate information possible without wasting too much time.
1) Figure out your monthly electricity usage
Obtain your monthly consumption of kilowatt-hours (kWh) before you choose the right plan.
The first thing you’ll need is to find out what your current electricity usage is to know how much electricity you’re consuming daily.
To solve the problem, either track it yourself by looking at your current bill or have an electrician come over and audit your energy usage. You can also install smart meters to link your usage to an app on your phone.
2) Find the cheapest company in your area
Every city and state/province has an energy or public utility commission that regulates power companies, so you can check with them to find the cheapest energy saving company in your area.
Different companies will offer different rates for their electricity plans. Compare these offers and choose one that fits your needs (i.e., price, contract length, etc.).
- You can also use websites like Econnex to help you compare rates and pick a plan that fits your needs.
Websites are the fastest and best way to compare electricity rates. Besides, you have the option to switch your current plans directly from the website. This way, you can get electricity deals quickly and begin saving money straight away.
Econnex is a user-friendly platform that compares all available energy plans from leading suppliers in Australia and presents them to you as simply as possible.
Here is how to compare power plans with the online comparison tool:
- Estimate your power usage (kWH)
- Enter your state and postcode in the top spot on the best energy comparison site to receive instant results.
- Other information asked to include whether your house is using gas or electricity and who is your power supplier at the moment
- Decide on the tariff type – fixed or variable – to fit your needs
4) Every 6 or 12 months, it is highly recommended to compare the rates again so that you will always know the cheapest plan.
Electricity providers are always coming up with new plans that offer different benefits or rebates to try and attract customers.
Regular power comparison will always ensure you are at the cheapest rates possible.
Conclusion
Knowing which one is the cheapest can be challenging with so many different utilities and providers in Australia. But with our guide, you’ll quickly find out what electricity rates are available near you.
Econnex makes it pretty easy to compare electricity and find the cheapest electricity in your area.
Hundreds of dollars could reduce the energy bills you pay each year by finding the best rate for your needs – we recommend that everyone compare their options!
