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Start Over by learning how to compare Electricity Providers

When you move into a new home or business premises it is often a great time to compare business electricity price comparison and compare electricity providers to find out if you can save yourself money and get a better deal on your energy consumption.

For your convenience, the internet now offers many price comparison websites like EAL who help you find the cheapest electricity and gas in your area.

To find the best value electricity and gas for your needs, it is important to first know which suppliers service your new area. In some counties, there are many companies for you to choose from, all competing for your business but in other states, you may only have one or two choices.

Electricity and gas consumption are calculated and charged at different rates depending on the energy provider you sign up with.

Different energy providers have a different peak and off-peak times, some have surcharges during the winter months, whilst others offer good concession discounts and loyalty programs that might save you a little extra pocket money at the end of the month.

Understanding how the energy providers charge, what they charge for and whether or not there are any hidden charges (like cancellation fees if you move house again or want to switch providers) will help you compare gas and electricity providers more accurately.

It is important to note when comparing energy providers that most companies are not actually the primary source of the electricity itself. Each area has an energy distributor, a fixed company that the smaller energy retailers decide on the price for.

Therefore, if the energy you are receiving is always the same, why should you have to pay more for it? The simple answer is, you shouldn’t.

Most energy providers will try to put you on their default plan when you sign up with them. The default plan usually has the highest rates and the least bonuses. Knowing this can help you ask what other plans is available and give yourself the opportunity to compare gas and electricity prices at better rates.

Everyone desires to ascertain the best value electricity and gas for their home. It is easy to get lost in a sea of energy retailers who overload you with information, making it too difficult to compare providers and receiving a suitable deal.

To compare gas and electricity suppliers, aim to connect with the best gas and electricity provider at the best rates so you won’t have to pay any more than you have to.

By taking the time to do so, you can feel reassured that there will be more left in your budget for things you’ll enjoy spending on.

You have the option to choose which electricity and gas retailer you want to connect to. You can also choose from a range of price plans offered by each retailer.

electricity providers

Energy Price Fact Sheets

Before you agree to enter any energy contract, you should be given an Energy Price Fact Sheet that provides key details about the contract, including:

Name of the contract and the retailer selling the contract

Tariff rates – including the unit price you will pay in cents per kWh for electricity and cents per MJ for gas and any fixed or standing charge in cents per day.

All fees – including any account establishment fees, exit fees, late payment fees, disconnection fees, reconnection fees and payment processing fees.

All discounts and rebates – including conditional discounts, for example; only if you pay on time, and non-conditional discounts that apply to the contract.

Other key information including:

  1. Length of contract
  2. Cooling off period
  3. Where you can access the full terms and conditions
  4. Green Power options
  5. Options for solar customers.

If you are unsure which type of energy contract you are on, check with your energy retailer.

Before you sign

Energy contracts are legally enforceable so make sure you understand the terms and conditions. If you don’t understand something, ask your energy retailer or get independent advice on what it means.

Be aware that fees may be imposed if you move or end your contract early.

There are strict requirements around the marketing behavior of retailers to ensure that energy retailers treat customers fairly.

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