Energy bill stress reaches ‘record high’, ACCC urges consumers to compare electr...
source link: https://itwire.com/science-news/energy/energy-bill-stress-reaches-%e2%80%98record-high%e2%80%99,-accc-urges-consumers-to-compare-electricity-plans,-prices.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
Thursday, 10 August 2023 12:27
Energy bill stress reaches ‘record high’, ACCC urges consumers to compare electricity plans, prices Featured
By Gordon Peters
The ACCC has urged households and small businesses to contact their energy company and ask if a cheaper electricity plan is available, in light of recent price increases above the regulated safety net for some customers.
The competition watchdog - the Australian Competition and Consumer Commission - today issued an alert noting that energy prices have increased for many Australians and you may have received a letter from your energy company advising of a large price increase”.
The alert stresses that energy companies are required to provide certain information in bills and letters to help you compare your current energy plan to other available plans, and “it’s important to look at your bill and any letters or emails they send you. Check any recent communications for price increases”.
“Your current energy plan will most likely be what’s called a ‘market offer’. This is what 90% of households are on. Market offers are the tailored plans that energy companies advertise to attract customers. They can include discounts and different tariffs depending on people’s circumstances. They are also available to existing customers,” the ACCC explains.
“But there is also a government safety net price available through a type of energy plan called the ‘Default Market Offer’ (New South Wales, South East Queensland, South Australia) or ‘Victorian Default Offer’ (Victoria).
“The safety net is also referred to as the ‘reference price’ as it’s used as a yardstick to compare different market offers. Electricity companies in New South Wales, south-east Queensland and South Australia must follow the Electricity Retail Code. The code provides companies with a standard way of setting out their electricity prices, such as using the ‘reference price’. This makes it easier for you to compare prices and get a better deal.”
On “finding a better deal” the ACCC suggests that the “simplest way to save money on your electricity bill is to call your energy company and ask if a better deal is available. There could be greater savings if you are willing to change energy companies. We have listed a few different ways to work out if there is a better plan for you.”
Here’s the suggestions on the ACCC’s website:
Contact your energy company
Ask your current energy company whether they can offer you a better plan.
Check concessions or rebates
Ask your current energy company whether you are eligible for any concessions or rebates. You can also check the energy.gov.au website
.
Use a government comparison website
You can search for a better electricity plan on the Energy Made Easy website. You just need to upload your bill or enter your usage and the site can help you find a better deal.
Use the reference price
Energy companies must compare their prices to a reference price set by the Australian Government. You can use the reference price comparison percentage and estimated annual cost to compare deals from different companies.
Read 294 times
Please join our community here and become a VIP.
Subscribe to ITWIRE UPDATE Newsletter here
JOIN our iTWireTV our YouTube Community here
BACK TO LATEST NEWS here
GARTNER MARKET GUIDE FOR NDR 2022
You probably know that we are big believers in Network Detection and Response (NDR).Did you realise that Gartner also recommends that security teams prioritise NDR solutions to enhance their detection and response?
Picking the right NDR for your team and process can sometimes be the biggest challenge.
If you want to try out a Network Detection and Response tool, why not start with the best?
Vectra Network Detection and Response is the industry's most advanced AI-driven attack defence for identifying and stopping malicious tactics in your network without noise or the need for decryption.
Download the 2022 Gartner Market Guide for Network Detection and Response (NDR) for recommendations on how Network Detection and Response solutions can expand deeper into existing on-premises networks, and new cloud environments.
PROMOTE YOUR WEBINAR ON ITWIRE
It's all about Webinars.Marketing budgets are now focused on Webinars combined with Lead Generation.
If you wish to promote a Webinar we recommend at least a 3 to 4 week campaign prior to your event.
The iTWire campaign will include extensive adverts on our News Site itwire.com and prominent Newsletter promotion https://itwire.com/itwire-update.html and Promotional News & Editorial. Plus a video interview of the key speaker on iTWire TV https://www.youtube.com/c/iTWireTV/videos which will be used in Promotional Posts on the iTWire Home Page.
Now we are coming out of Lockdown iTWire will be focussed to assisting with your webinars and campaigns and assistance via part payments and extended terms, a Webinar Business Booster Pack and other supportive programs. We can also create your adverts and written content plus coordinate your video interview.
We look forward to discussing your campaign goals with you. Please click the button below.
Recommend
About Joyk
Aggregate valuable and interesting links.
Joyk means Joy of geeK