Unlock secret energy savings ahead of the anticipated $1.5 billion cash boost for 5 million Aussies.
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As the cost of living continues to be a hot topic across Australia, particularly for those over 60 who are often on fixed incomes, the prospect of energy savings* is more than just welcome news—it's essential. Prime Minister Anthony Albanese has hinted at the continuation of a $1.5 billion emergency energy rebate scheme come July, which could provide significant relief for around five million Australians who rely on these rebates to manage their household budgets.
However, savvy consumers don't need to wait for government intervention to start saving on their energy costs. The energy market is dynamic, and recent trends have shown a promising decrease in wholesale prices, which has led to some power companies offering deals that are significantly lower than the government reference price. These deals are not just marginal savings; they are hundreds of dollars cheaper*, providing a much-needed reprieve for budget-conscious households.
To put these savings into perspective, the Australian Competition and Consumer Commission (ACCC) disclosed late last year that approximately half of Australians were likely paying at or above the government reference price for energy. This means that many are missing out on potential savings. The good news is that there's been a surge in Aussies switching providers (around half a million)*, with the first few months of this year seeing the biggest shift since 2018.
Yet, there are still millions who haven't made the switch and are consequently paying more than necessary.
Recent data from Vinnies has highlighted the growing disparity between the best plans available in Victoria and the reference price, with the gap now at a staggering $725, compared to just $185 a year ago. This indicates that the cheapest plans are becoming even more affordable, and switching has never been simpler*.
For those ready to take control of their energy bills*, here are some practical steps to unlock these secret savings:
1. Compare Plans: Start by visiting comparison websites that can help you find the best deals. Our favourite is Compare Club*. Have your latest energy bill on hand, as it contains essential information needed for comparison.
Why do we trust Compare Club?*
You get the peace of mind that comes with working with trusted professionals who are based in Australia and have years of experience*.
The team at Compare Club* will make sure you have the energy plan you need while paying a price you’re comfortable with*.
So, if you’re sick of endlessly researching energy providers, are looking to save money or simply find a plan better suited to your needs, Compare Club is ready to help*. And if you don’t like the quote you receive from Compare Club*, you don’t have to do anything.
2. Look for Member Offers: Some organisations offer exclusive energy deals to their members. For instance, Kogan First members can access additional discounts, Commonwealth Bank of Australia customers might receive credits with Amber Electric, and NRMA offers a credit deal with Simply Energy (I’m on this last exclusive deal).
3. Cashback and Credits: Keep an eye out for plans that offer upfront credits or cashback deals, which can further reduce your energy costs. Just ensure that these plans are compared against the government reference price to ensure they are genuinely cost-effective (in late 2023, I received $300 off my bill just for switching providers).
4. Stay Proactive: Don't expect energy retailers to hand you the best deals on a silver platter. It's up to you to seek them out and switch to a plan that offers the most savings. That’s where comparison services come into play*.
5. Monitor Changes: The Australian Energy Regulator has indicated that there will be minimal changes to the government reference prices in July. Some regions may see a decrease, while others could experience an increase. Staying informed will help you make the best decision for your circumstances.
While the anticipated $1.5 billion cash boost is a helpful measure, it's clear that proactive steps can lead to immediate and substantial savings on energy bills*.
By comparing plans*, taking advantage of member offers, and utilising credits and cashback deals, you can unlock secret energy savings that will benefit your household budget.
Remember, the power to reduce your energy costs is in your hands, and help is available.
Don't wait for the government or your current energy provider to make the first move*.
It’s worth comparing your energy plan* to see if you can save money. You won’t lose anything by comparing; you only stand to save*!
Click here to get started and see how much you could save.*
Explore your options, switch to a cheaper plan*, and start enjoying the savings today.
If you have any tips or experiences with switching energy providers, please share them in the comments below. Your insights could help fellow members of the Seniors Discount Club find the best deals and manage their energy costs more effectively.
*Please note, members, that this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We do this to assist with the costs of running the SDC. Thank you!
However, savvy consumers don't need to wait for government intervention to start saving on their energy costs. The energy market is dynamic, and recent trends have shown a promising decrease in wholesale prices, which has led to some power companies offering deals that are significantly lower than the government reference price. These deals are not just marginal savings; they are hundreds of dollars cheaper*, providing a much-needed reprieve for budget-conscious households.
Don’t pay more than what’s necessary. Savings ARE available. Image Credit: Shutterstock
To put these savings into perspective, the Australian Competition and Consumer Commission (ACCC) disclosed late last year that approximately half of Australians were likely paying at or above the government reference price for energy. This means that many are missing out on potential savings. The good news is that there's been a surge in Aussies switching providers (around half a million)*, with the first few months of this year seeing the biggest shift since 2018.
Yet, there are still millions who haven't made the switch and are consequently paying more than necessary.
Recent data from Vinnies has highlighted the growing disparity between the best plans available in Victoria and the reference price, with the gap now at a staggering $725, compared to just $185 a year ago. This indicates that the cheapest plans are becoming even more affordable, and switching has never been simpler*.
For those ready to take control of their energy bills*, here are some practical steps to unlock these secret savings:
1. Compare Plans: Start by visiting comparison websites that can help you find the best deals. Our favourite is Compare Club*. Have your latest energy bill on hand, as it contains essential information needed for comparison.
Why do we trust Compare Club?*
You get the peace of mind that comes with working with trusted professionals who are based in Australia and have years of experience*.
The team at Compare Club* will make sure you have the energy plan you need while paying a price you’re comfortable with*.
So, if you’re sick of endlessly researching energy providers, are looking to save money or simply find a plan better suited to your needs, Compare Club is ready to help*. And if you don’t like the quote you receive from Compare Club*, you don’t have to do anything.
2. Look for Member Offers: Some organisations offer exclusive energy deals to their members. For instance, Kogan First members can access additional discounts, Commonwealth Bank of Australia customers might receive credits with Amber Electric, and NRMA offers a credit deal with Simply Energy (I’m on this last exclusive deal).
3. Cashback and Credits: Keep an eye out for plans that offer upfront credits or cashback deals, which can further reduce your energy costs. Just ensure that these plans are compared against the government reference price to ensure they are genuinely cost-effective (in late 2023, I received $300 off my bill just for switching providers).
4. Stay Proactive: Don't expect energy retailers to hand you the best deals on a silver platter. It's up to you to seek them out and switch to a plan that offers the most savings. That’s where comparison services come into play*.
5. Monitor Changes: The Australian Energy Regulator has indicated that there will be minimal changes to the government reference prices in July. Some regions may see a decrease, while others could experience an increase. Staying informed will help you make the best decision for your circumstances.
While the anticipated $1.5 billion cash boost is a helpful measure, it's clear that proactive steps can lead to immediate and substantial savings on energy bills*.
By comparing plans*, taking advantage of member offers, and utilising credits and cashback deals, you can unlock secret energy savings that will benefit your household budget.
Remember, the power to reduce your energy costs is in your hands, and help is available.
Don't wait for the government or your current energy provider to make the first move*.
It’s worth comparing your energy plan* to see if you can save money. You won’t lose anything by comparing; you only stand to save*!
Click here to get started and see how much you could save.*
Explore your options, switch to a cheaper plan*, and start enjoying the savings today.
If you have any tips or experiences with switching energy providers, please share them in the comments below. Your insights could help fellow members of the Seniors Discount Club find the best deals and manage their energy costs more effectively.
*Please note, members, that this is a sponsored article. All content of ours that has an asterisk next to it means we may get a commission to write an article or post a deal. We do this to assist with the costs of running the SDC. Thank you!
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