I'm currently with Engie. Just received a letter stating my power bill is increasing. (No surprises there since the wholesale price has increased recently).
My peak/offpeak/ancillary rates have increased about 10%, which is okay.
My supply charge has increased a whopping 23%, from $1.16 to $1.49 per day. Not so okay.
As a low power usage, once person household, this will definitely result in the most substantial increase in my overall power bill.
I have churned providers in the past and looked for retailers with the lowest supply charge (my biggest cost) but prices and offers are constantly changing with different companies. It's almost like they intentionally muddy the waters in complexity so the average consumer gives up and stays with the same provider for a lifetime. Also, Engie being a small retailer, one would assume their prices are already at the lower end of the spectrum, compared to the bigger retailers such as Origin or Energy Australia.
Any advice? Thanks
Yeah I got a similar email/notice from Origin as well…really not loving it atm but also struggling to find a competitive alternative.