Sponsored The bill gap: Aussies born before 1968 more likely to be overpaying for electricity

The bill gap: Aussies born before 1968 more likely to be overpaying for electricity

Aussies who switch their energy provider could save as much as $1500 a year*. Photo: Getty
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It’s official. Three different regulatory bodies have come out and said it – Australia’s energy market is anything but competitive.

First it was the Australian Competition and Consumer Commission and Independent Pricing And Regulatory Tribunal – now the Australian Energy Market Commission has found there are savings of up to $1500 a year* for Aussies switching from the worst available offer to the best.

Even former prime minister Malcolm Turnbull proclaimed there are close to two million Aussies paying more than they need to for electricity because they’re stuck on contracts that are either too expensive or inappropriate.

The victims are the Aussies who find it too difficult to switch suppliers, often aged 50 and over, who are more likely to have stayed with their supplier despite rates rising.

Every day at ElectricityandGas.com.au we hear from Aussies who are fed up with forking out thousands of their hard-earned dollars for their energy bills. And every day we help them find a better deal.

We know just how easy it is for people who don’t know the energy market to waste their money and how easy it is to put a stop to it.

Here’s How You Do It:

Step 1: Go to ElectricityandGas.com.au

Step 2: After answering a few questions, you will have the opportunity to compare quotes in your area and could be eligible for significant savings.

All of Australia’s energy market regulators recommend that Aussies review their bills every year.

This is because energy providers have been able to change rates without informing their customers, and because cheap introductory offers are used to lure people in before they find themselves hit with a big rate hike.

On top of all this, confusing pricing, sparse market competition and higher wholesale costs have caused electricity bills to surge by a staggering 60 per cent over the past 10 years.

The result? It’s everyday Aussies, trusting that their provider won’t rip them off, who get stuck with the worst rates.

“Market deregulation was supposed to reduce costs and make energy more affordable for everyday Aussies,” says ElectricityandGas.com.au founder Jon Leane.

“But the reality we have seen is incredible deals for some, contrasted with complete ripoffs for others.

“It’s just not fair for the people stuck with the raw end of the deal.”

“That’s why we started ElectricityandGas.com.au because, with prices on the rise, we think Aussies deserve the chance to find a better deal.

“Why should you be paying more for the exact same thing simply because you’re not a market expert?”

You get access to no-mark-up policies from energy providers across Australia, making it easy to find the best deals in your area.

This service makes comparison shopping for energy easy and, best of all, it’s totally cost and obligation free.

Just last month almost 40,000 people chose ElectricityandGas.com.au to help them compare, switch and save.

Cheaper bills are only a few clicks away. Why not join them?

*The Australian Competition & Consumer Commission, the Independent Pricing and Regulatory Tribunal, and figures from the Australian Energy Market Commission for South Australians switching from the worst to the best offer.