Media Contact
Carl Kitchen 0401 691 342
Jul 01 2019

Never a better time to find a cheaper energy deal

The energy industry welcomes the introduction of a comparison tool that makes it easier to assess energy deals in the market.

The Australian Energy Council’s Chief Executive Sarah McNamara said that “the industry understands many customers have found choosing a new energy deal challenging and the range of deals confusing.

“From today every offer in SA, NSW, and southeast Queensland will be compared against an independent benchmark called a Reference Bill. Customers will be able to rate the value of a new offer by the size of the discount against the Reference Bill – the higher the discount, the more you will save.

“In Victoria, every discounted offer will be compared against the Victorian Default Offer, and customers can expect their retailer to clearly explain what the new offer will mean to them.

“These changes represent a huge shift in the way consumers can compare offers. Switching shouldn’t be a chore, and with the new comparison tools available, picking a new offer and saving some money should be a quick and painless exercise.

“But market offers available today remain cheaper than the Default Market Offer or the Victorian Default Offer. Research released today shows that a quarter of customers believe the new regulated prices will make their bills cheaper, but these offers will only apply to the 1 in 9 customers currently on standing offers.

“We encourage all customers to go to the government’s EnergyMadeEasy website (https://www.energymadeeasy.gov.au) or its Victorian equivalent (https://compare.energy.vic.gov.au/) to help find a cheaper deal.”

About the Australian Energy Council

The Council represents 23 major electricity and downstream natural gas businesses operating in competitive wholesale and retail energy markets. These businesses collectively generate the overwhelming majority of electricity in Australia and sell gas and electricity to over 10 million homes and businesses.

Related News

News

Australian Energy Council congratulates Daniel Westerman

The Australian Energy Council congratulates Daniel Westerman on his appointment as CEO and Managing Director of the Australian Energy Market Operator.

Feb 10 2021
News

New data shows solar shines despite lockdowns

Rooftop solar installation grew by 18 per cent nationally over the last year, according to the Australian Energy Council's latest Solar Report, which showed record growth in solar PV capacity and installations during 2020.

Feb 04 2021
News

Australian Energy Council congratulates Chris Bowen and thanks Mark Butler

The Australian Energy Council congratulates the Hon Chris Bowen MP on his appointment as Shadow Minister for Climate Change and Energy and thanks the Hon Mark Butler MP for his extensive work in the portfolio.

Jan 29 2021
GET IN TOUCH
Do you have a question or comment for AEC?

Send an email with your question or comment, and include your name and a short message and we'll get back to you shortly.

Call Us
+61 (3) 9205 3100