Consumers from all over Australia are discovering they can save hundreds of dollars on their yearly power costs, simply by changing electricity suppliers.
The deregulation of the electricity markets in most Australian states has opened the electricity retail sector to competition; in Victoria, New South Wales, Queensland and South Australia, retailers must now battle it out to win customers by offering the best deals on power. Consumers have the right to choose from multiple electricity suppliers to find the plan that best suits them.
Despite this, recent research conducted by energy comparison site Go Switch shows that only 20 per cent of Australian households have compared electricity suppliers and switched to a cheaper plan in the last year.
Customers who have not yet taken advantage of increased retail competition are likely to be paying the “default” rate for their power, which is usually the highest possible amount.
The findings of the 2011 GoSwitch Energy Consumer Behaviour and Sentiment Survey suggest a correlation between the 52.6 per cent of Australians who did not compare electricity suppliers in the last 12 months and the estimated 50 per cent of consumers still paying the default rate for electricity.
Switching electricity suppliers is much easier than it may seem. Go Switch – Australian leading electricity comparison website – compares all available electricity suppliers and plans in your area and provides you with a comprehensive list. If you choose to change electricity suppliers, Go Switch will arrange the switch for you. The service is free, impartial and takes less than five minutes.
As power bills continue to go through the roof, there has never been a better time to compare electricity suppliers to find the cheapest plan. In the last year, Go Switch saved its customers an average of $400 a year on power – compare electricity suppliers with Go Switch and start saving today!