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We’ve partnered with Econnex to bring you a range of energy plans to help you compare them.
We’ve partnered with Econnex to bring you a range of energy plans to help you compare them.
Are you looking for a cheap electricity plan that can help you save on your energy bills? With power bills on the rise, finding an affordable electricity plan is crucial for many households. But don't worry: Savvy is here to assist you in comparing and finding a cheap energy plan.
Our 100% free comparison service allows you to instantly compare electricity plans available in your area in one place. Say goodbye to the tedious task of contacting multiple energy companies and scrolling through numerous websites trying to find the information you need; compare online, switch and save right here with Savvy today.
Finding the cheapest electricity plan depends on comparing various elements that make up a power bill. It’s important to understand how your electricity and gas is charged, so that you can take advantage of the cheapest tariff rates to lower the overall cost of your bill. Here are some key steps to help you compare and find the cheapest energy plan:
Consider your electricity usage pattern
Have a look at one of your recent electricity bills to identify your electricity usage pattern. Identify whether you use most electricity during peak or off-peak periods. Some electricity plans offer discounted rates during off-peak hours, allowing you to save more on your energy bills if you switch use to off-peak demand hours.
Evaluate different tariffs
Understanding the different electricity tariffs available, such as single rate, time of use, and controlled load tariffs can help you find the cheapest electricity plan for your household needs. Choosing the right tariff based on your usage habits can lead to significant cost savings.
Compare supply charges
The supply charge is a fixed fee that covers the cost of delivering electricity to your property, regardless of how much electricity you use. Different providers will have varying supply charges, measured in cents per day, so it's essential to compare this charge alongside other electricity plan details to help you identify which retailer is offering the cheapest supply charge. This also applies to gas bills too!
Compare sign-up discounts and other incentives
Look for providers offering bundling discounts (having both your electricity and gas with the same provider), sign-up incentives or rewards programs. These energy discount offers can further reduce your overall electricity expenses.
Review the fees and other charges
Take into account any connection fees, late payment fees or early exit fees which may come with the plan. Understanding the complete fee structure will help you identify the plan with the lowest overall costs.
Consider renewable energy options
If sustainability is important to you, explore providers which offer green energy plans, renewable energy options like GreenPower or carbon offset programs. Supporting clean energy sources can help reduce your environmental impact by encouraging retailers to buy more renewable energy generated by the sun and wind.
Look at the feed-in tariff if you have solar panels
If you have solar panels installed, it's important to compare the feed-in tariff offered by electricity providers. The feed-in tariff (also called the pay-back rate) is the rate at which they pay you for the extra electricity your panels produce and send back to the grid. The higher the feed-in tariff, the more money can end up in your pocket from your solar panel system.
When comparing solar electricity plans, look at both fixed-rate and variable-rate feed-in tariffs. A fixed rate means you get paid the same amount for all the electricity your panels generate. A variable rate means the payment changes based on when you export electricity, usually higher during peak times and lower during off-peak hours. If you have a battery installed with your solar system, you can choose the times when you export power back to the grid to take advantage of the highest pay-back rates.
Compare electricity plans side-by-side
You can use Savvy's free comparison service to instantly compare electricity plans from some of Australia’s leading providers online. We make it easy for you to evaluate and compare different energy plans side-by-side so you may be able to find the most cost-effective option for your personal needs. It’s as simple as choose, switch and save with Savvy!
The process of switching your electricity plan to a cheaper and better option is easy when you do it through Savvy. Follow these simple steps:
Start by filling out a quick online form with information about you and your energy profile, such as where you live and what sort of energy plan you’re after.
Once you’ve done this, you’ll be provided with available electricity plans to compare. Having a recent energy bill to hand will help you refine your quote further with information such as your current plan’s cost and your usage.
If you find an energy deal you’re happy with, which is cheaper than your current plan, you can go ahead and make the switch right away online. All the change-over details will be sorted for you, including a final meter reading from your old supplier.
Some simple yet effective ways to help you reduce your electricity bills include:
You won’t need to pay a cent to compare a variety of energy plans online through Savvy, as it’s 100% free.
By filling out your form and providing a recent energy bill, you can have all the facts and figures worked out for you.
When you fill out your quote, you’ll be able to consider offers from some of the leading energy providers in Australia.
Disclaimer:
Savvy is partnered with Econnex Comparison (CIMET Sales Pty Ltd, ABN 72 620 395 726) to provide readers with a variety of energy plans to compare. We do not compare all retailers in the market, or all plans offered by all retailers. Savvy earns a commission from Econnex each time a customer buys an energy plan via our website. We don’t arrange for products to be purchased directly, as all purchases are conducted via Econnex.
Any advice presented above is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an energy plan. For further information on the variety of energy plans compared by Econnex, or how their business works, you can visit their website.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
© Copyright 2024 Quantum Savvy Pty Ltd T/as Savvy. All Rights Reserved.
Quantum Savvy Pty Ltd (ABN 78 660 493 194) trades as Savvy and operates as an Authorised Credit Representative 541339 of Australian Credit Licence 414426 (AFAS Group Pty Ltd, ABN 12 134 138 686). We are one of Australia’s leading financial comparison sites and have been helping Australians make savvy decisions when it comes to their money for over a decade.
We’re partnered with lenders, insurers and other financial institutions who compensate us for business initiated through our website. We earn a commission each time a customer chooses or buys a product advertised on our site, which you can find out more about here, as well as in our credit guide for asset finance. It’s also crucial to read the terms and conditions, Product Disclosure Statement (PDS) or credit guide of our partners before signing up for your chosen product. However, the compensation we receive doesn’t impact the content written and published on our website, as our writing team exercises full editorial independence.
For more information about us and how we conduct our business, you can read our privacy policy and terms of use.
