The average annual bill for a Melbourne household is around $1,100. Choosing the right electricity plan can make a huge difference in your monthly expenses. You may make a detailed assessment of your energy consumption needs and specific electricity requirements before you start hunting for various plans. This is where comparison websites prove helpful.
These websites allow you to compare different energy plans offered by the same provider or different providers to find the cheapest electricity Melbourne. They also provide detailed information about electricity plans, per-unit costs, discounts, rebates, and concessions the government and suppliers offer.
How to Choose an Electricity Provider in Melbourne?
To find the best electricity deals in Melbourne, you will need a fundamental understanding of how energy pricing works. Energy and gas retailers in Australia must make plan-related data available to customers as per NCEF regulations. Seemingly cheap electricity plans may not necessarily be the best choice for you. Look for an electricity supply company that offers high-quality plans at affordable rates.
There are five different electricity distribution networks in Melbourne. Each of these distributors offers a range of electricity plans and packages. You may use comparison tables to compare the fee rates, contract types, discounts, and overall cost of each plan. You will also have to consider your meter type, tariff rates, base rates, and expected electricity usage requirements.
It would help if you analysed the reputation and service quality of each of the five providers before finalising one.
Compare Electricity Plans
There are over 1 million households in Melbourne. Therefore, several reputed electricity companies have their base in Melbourne. Assess the costs and benefits involved in each electricity plan before choosing a supplier. You may be able to generate significant savings on your electricity bill by selecting plans that come with super saver benefits, smart saver benefits, and other similar perks.
Consider the total savings you are likely to generate from each plan to choose the best one for your requirements. A detailed review of individual electricity plans may reveal high or unnecessary costs you can avoid.
Check for Concessions and Rebates
The government offers electricity rebates and concessions for low-income households in Melbourne. Check for deals applicable to extreme electricity usage and rebates on electricity channelled towards hot water treatment.
Government concessions and rebates allow you to lower your monthly and annual electricity bills. For instance, Melbourne residents are eligible for an “Annual Electricity Concession” of 17.5% on household electricity bills. The concession is specifically for domestic energy usage and is available all year round. You will have to provide your concession card details to the retailer to receive the concession.
The concession is computed on final electricity cost after retailer discounts and solar credits. Local electricity retailers may offer additional benefits to customers. Check if the energy retailers you’ve shortlisted offer bonus sign-up points, green power discounts, or bundling discounts (on gas and electricity bills).
Conclusion
You may use an electricity comparison website to compare plans and choose the retailer who offers the cheapest electricity in Melbourne. The wrong electricity plan could cause your utility bills to soar. Hence, it is essential to compare different electricity plans before selecting one.
