Daily Bulletin

Money

  • Written by News Company

Power consumption is an important cost item for Australian households. It is common to find its bill too high. Faced with this, finding solutions also exist. We have selected the best tips to help you in paying cheap electricity. Though, you will still need the advice and services of a professional broker like Monster Electricity.

 





Switch Electricity Supplier: Always a Winner!

Here's a tip that will save you money. These savings will mainly be realized on the price of the kilowatt-hour, HT, compared to the regulated tariff in force. All alternative suppliers on the market are cheaper compared to the monopoly market. Consumers who opt for an alternative supplier are winners since some of their offers are cheaper than the historical supplier.

The Tariff Option: Savings not to be neglected

By choosing to subscribe to an offer of full and off-peak hours, it is possible to reduce the amount of its invoices by 40%. The peak hours (HC) are periods of 8 hours in the day when the price per kilowatt hour is more accessible. However, the price of full-time (HP) and subscription will be higher than with a base rate.

Before rushing to this solution, it is important to take the time to compare the two tariff options. The peak/peak hour option is in the majority of cases, the most advantageous option for households using electric heating. To take advantage of the cheaper hours, the household must be able to postpone its consumption of the most energy-consuming electrical appliances (washing machines for example) to these hours.

Buying Energy Group: An Effective Trick

Bulk purchasing of energy is a new trick that offers unique discounts. Here are 5 things to know about these bulk purchases:

1. A group of people subscribes to the same offer. The principle is simple: many people come together to pay less for their electricity or gas bills. In exchange, they undertake to subscribe to the same offer from an alternative supplier. Pre-registration is free and without obligation.

2. To be effective, you need a large number of registrants. The greater the number of subscribers, the more suppliers will be able to offer significant discounts on the price of kWh. In the opposite case, the supplier will not be a winner and will not be able to offer attractive prices.

3. All suppliers are competing. Similar to the auction principle, the supplier offering the cheapest offer wins the contract and the many associated customers. Outside organizations organize group purchases.

4. As a customer, the price factor must be the decision criterion. In fact, with the group purchasing system, households cannot choose a particular supplier. For example, the selected provider might only offer online customer service. 

Self-Consumption: A Green and Economical Solution

Produce your own electricity. It sounds utopian, but it's real. Self-consumption is a source of income and savings for Australian households. The consumer has the choice between consuming this energy for his own use or selling it to an energy supplier. The photovoltaic panels are the solution to the principle of consumption. In addition to the savings achieved, consumers who have opted for this solution benefit from renewable electricity.

Consume Smartly to Reduce Bills

Enjoying a cheaper electricity contract is a real solution to reduce your bills. Yet if electricity consumption is particularly high, a percentage reduction in the price of kWh will have little impact. 

 

 


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