Electricity Prices to Rise Again in NSW, SEQ. How Do You Find Electricity Deals?

Surfer Dude on 25/05/2023 - 08:35

Hello OzBargainers! This morning I read an article on the ABC advising that electricity prices will rise (again) from July in NSW, SEQ and SA.
Link to article: https://www.abc.net.au/news/2023-05-25/australian-energy-reg…

It had me wondering: I see a lot of forum posts about the cost of utilities and general goods, but I haven't really noticed bargains being posted with regards to electricity providers or deals that can be achieved with some finesse.

What approach do you take to make sure you are on the best plan and/or have gotten the best electricity/utility deal? Do you have any advice to share on how the OzB community can get onto the best deals available?

Feel free to provide advice on how you reduce your energy costs, however I am more after a discussion re: electricity/utility deals.

Home & Garden Electricity

Comments

  • Shadowsfury on 25/05/2023 - 08:48
    +3

    Use your state government's comparison sites and pick a cheaper provider

  • Lord Fart Bucket on 25/05/2023 - 09:01

    My question is… what is going up? Supply charge? Actual kWH cost? Both?

    • Sleeqb7 on 25/05/2023 - 12:40
      +13

      Profits probably.

    • UltimateAI on 13/06/2023 - 22:39

      Both!!

  • CheapandUsed on 25/05/2023 - 09:07
    +4

    The one big switch offers have been cheaper than most others around and with a big name provider.. but still use the gov comparison site though e.g. https://www.energymadeeasy.gov.au/ and work through all the promotional offers.

    It is hugely time consuming though.

  • IMadeYouReadThis on 25/05/2023 - 09:27

    I just moved to GloBird from Origin which seems to be cheapest currently and I am well aware that they may not be the cheapest coming July.

  • Surfer Dude on 25/05/2023 - 09:29
    +2

    So using the state Gov comparison tool is the only way to find the next bargain?

    No one figured out how to get a deal besides a comparative assessment on the Gov sites?

  • jasuten on 25/05/2023 - 09:35
    +3

    If you have solar I've found it easier to compare rates using https://wattever.com.au/

    • Surfer Dude on 25/05/2023 - 10:02

      Have not heard of this before, thanks for the suggestion!

      • Nugs on 25/05/2023 - 15:15

        I just tried it and they've got shoulder and offpeak rates flipped about for SA AGL solar saver with VPP. it spits out a yearly bill that is 3/4 of what i calculated and it's more than the error associated with the rates being flipped, they might be overstating the importance of the 15c/kWh rate that AGL have recently announced (actually we would need a FIT of 32c uncapped to match the yearly figure)
        .

    • dammit on 31/05/2023 - 22:27

      I second this, just signed up to simply energy nrma 10% off as it seems to be best deal based on my tou usage profile plus 12 cent FiT

  • brad1-8tsi on 25/05/2023 - 10:00
    +2

    I use wattever.com.au and then double check the rates with energymadeeasy.

    If you have your own place and can afford the 4-7 year payback then get solar on the roof. As many panels as you can fit.

    • Lord Fart Bucket on 25/05/2023 - 10:06

      But most retailers do not allow export greater than 10kW

      • brad1-8tsi on 25/05/2023 - 10:13
        +3

        Export isn't the money maker these days. It's personal use.

      • dammit on 31/05/2023 - 22:26

        I just ticked that my system is 10kw or less, hopefully I self consume enough so my exports aren’t eye raising, to have them think that it’s >10kw… ;-)

  • skid on 25/05/2023 - 10:09

    In the last few months, electricity prices have been consistently high all round. I used to churn to the best provider but am finding that this isn't worth doing this time around. See how it goes next year.

    • scix on 30/05/2023 - 13:32
      +1

      A fixed rate plan may be worth it, although there aren't many and you have to gamble on just high the increase will be on a state by state basis.

  • admira on 25/05/2023 - 10:37
    -1

    Government comparison sites can never read my bills no matter what I do, download original electronic versions, take photos of paper ones.

  • franco cozzo on 25/05/2023 - 12:12

    victoria too…..(profanity) (profanity) (profanity)
    https://www.abc.net.au/news/2023-05-25/australian-energy-reg…

    • brendanm on 25/05/2023 - 13:27

      They know dan will just hand out more taxpayer money to counter it.

      • franco cozzo on 25/05/2023 - 14:25

        & it will counter a fraction of the increase and theyll make much fanfair about it like it actually means anything

      • Mad Max on 27/05/2023 - 23:53

        They know dan will just hand out more taxpayer money to counter it.

        Only to the people that are already on welfare.
        The people that are actually working for their money (taxpayers) won't get any handouts.

  • wetsandwich on 25/05/2023 - 15:21
    +3

    Why do retail companies even have to exist. A company just to skim middle man profits when it all comes from the same factory.

    • shxhshzhz on 25/05/2023 - 16:56
      +2

      More money squeezed out from households for big companies to enjoy

    • Cluster on 25/05/2023 - 17:45
      +5

      The idea was pitched to governments as such: Instead of having one government run power company, we can now have dozens of companies, each with their own CEO, board, sales staff, accounting staff, email/phone support, offices, company cars, advertising, etc.

      Increasing the number of people required to retail power to consumers could be increased by twenty times or more, and this would be so much more efficient and drive down prices.

      All government heard was 'more workers to tax, woohoo!'

  • Mad Max on 28/05/2023 - 00:10

    Get used to power price increases.
    The federal and state goverments need to fund the climate change policies.
    They are closing reliable existing coal power generation that uses cheap australian coal, to install unreliable solar and wind power generation using imported solar panels and wind turbines that will all end up in land fill in 10-15 years.
    Australians have to pay for all the new infrastructure (including very expensive new power transmission lines) through ever increasing prices for electricity and through additional taxes.
    The worst thing is that all this extra cost borne by the relatively small australian population is not going to make any difference against the huge carbon footprint of countries like China or India that keep burning all the fossil fuel they can get.

    • MuddyClear on 31/05/2023 - 08:21
      +1

      Username checks out

      • Mad Max on 13/06/2023 - 20:53
        +1

        Grattan Institute developed an economic model of Australia’s National Electricity Market (NEM), finding that moving to a system with 70 per cent renewable energy – and closing about two-thirds of today’s coal-fired power plants – would not materially increase the cost of power but would dramatically reduce emissions.

        So why are electricity prices going up by 30% on 1st July? And they have already gone up by about 20% last year. All electricity providers are blaming the cost of new infrastructure for renewables.
        I think we are told a lot if fibs and we, the people, have to suffer the consequence and pay for it.
        Australia is already more than carbon neutral if you exclude the coal shipped to China, India, etc.
        Not many people in Australia and a huge land with billions of trees.

        • Underlord on 13/06/2023 - 22:30

          Fossil fuels exported from Australia and burnt overseas don't count towards our carbon emissions anyway

        • UltimateAI on 13/06/2023 - 22:38
          -1

          Not against Coal\Gas, we should definitely try and extend the life of any remaining plants.
          The core issue is the lack of investment over the last 2 decades, yes 20 years not renewables.
          Building and running Coal and GAS plants is frigging expensive. Just so happens that Solar\Batteries are now by far the cheapest forms of power.
          But yes, going to cost us folks big increases, because former governments (both sides) rejoiced in short-term profits.

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