If you haven’t switched electricity providers recently, you could be overpaying – once your fixed rate deal ends, you’re automatically placed on the electricity provider’s standard variable tariff, which normally has the most expensive rate.
The fastest and simplest way to find the cheapest electricity providers and lower your power bill is to compare electricity rates and switch suppliers by letting them fight for your business.
Instead of ringing around each electricity provider, our comparison tool can find cheaper electricity deals and the best electricity prices in a matter of minutes, saving you time, money and hassle.
To get started, just pop your postcode into the box below. Or read on to find out how a cheap electricity deal can help cut your annual power bill and put more money back into your pocket.
What are the cheapest electricity prices available now?
Every supplier charges different electricity rates – the same supplier will often charge different rates depending on what electricity tariff you are on – but the cheapest electricity prices can usually be found on tariffs where you pay by monthly Direct Debit and all bills are generated online.
To find accurate costs, and see which cheap electricity tariff best suits your needs, you need to compare the whole market. You can do this for free using our impartial comparison tool – just enter your postcode in the box above to get started.
*Based on usage of 3100 kWh of electric per year . Shows average price across all regions. Assumes payment is made by Monthly Direct Debit. Only showing tariffs which are generally available across most of the VIC & NSW.
How to compare cheap electricity prices online
It should take no more than five minutes to compare the latest electricity prices, and find a deal that best suits your needs and budget. Check out the short video below to find out more, or enter your postcode above to get started.
All the information you need to switch can be found on your latest bill, so make a note of the following:
- The name of your current supplier.
- The name of the tariff you’re on.
- How you pay for energy (online, BPay, Direct Debit, etc).
- Your monthly or annual usage, in pounds or kWh.
How to understand your power bill
If you’re serious about cutting the cost of your energy bills, it makes things a lot easier if you can find your way around one – here’s how to understand your energy bill. Make the switch by comparing and start saving today.
If you don’t have a bill to hand, we can still run a complete comparison, but it may not be quite as accurate as we’ll have to estimate your usage based on the answers to a few questions about your property.
Once we have all the relevant details, our comparison tool will gather together the most suitable electricity offers and show you how much you could save by switching. All you then have to do is pick the one you want to switch to, and we’ll do the rest.
What happens when you switch electricity supplier?
Once you’ve picked a deal from our electricity tariff comparison table, your work is basically done, and your new supplier will handle the rest of the switch by letting your existing one know you’re leaving and arranging a changeover date with them.
Your new supplier will get in touch with you via email or post to confirm your new tariff and payment details, you just need to check everything is in order and you’re good to go. If you change your mind, you have a 14-day cooling-off period in which you can cancel the deal without incurring a penalty.
Then all you need to do is give your old supplier a final meter reading on the day of the switch, so they can send you your final bill. The whole process should take no more than 17 days, including the 14-day cooling-off period, and there’ll be no digging or drilling at your property as the electricity will be supplied through the existing pipes.
On the day of the switch, you’ll need to take a meter reading for your old supplier so they can send you a final bill.
Can you switch electricity supplier if you rent?
If you live in rented accommodation and pay your electricity supplier directly, you should be able to switch – just make sure you notify your landlord or letting agent, and find out if they’d prefer you to switch back to the original supplier when you move out.
If your electricity bills are included in your rental fees, or your landlord pays the bills and then charges you later, you won’t be able to switch supplier yourself, but may find your landlord will switch for you – they don’t have to, but it might still be worth asking.
Ways to save electricity
Unplug any chargers
There are many good ways how to be energy efficient and the easiest way is to start from your home. Unplug any chargers and switch off any appliances that you don’t currently use or need to save energy and money.
Buy a room thermostat
Heating is one of the most efficient ways how you can save energy. You need fuel for heating and hot water. Something simple as a room thermostat can help to make a significant difference and you will save more money.
Turning off all lights
Maybe it seems like it can’t make a difference but turning off all lights can make a significant difference when it comes to energy and money saving. Turn up only the lights you really need and you’ll notice the difference.
Renewable energy resources
The best advice goes to the homeowners who can actually choose their own renewable energy resources. In most cases, energy saving is possible through getting better insulation which can reduce