How does energy comparison work?

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How does energy comparison work?

Aussies, thinking you’re paying too much for your power bills? You probably are. In the years following energy market deregulation, there’s been a massive spike in power prices; in the 10 years to June 2013, prices rose on average by 72% for electricity and 54% for gas. (Check out the Parliament Briefing Energy prices—the story behind rising costs for the alarming details.) In 2018, the ACCC released the results of a damning inquiry into the state of the energy market. They found significant uncompetitive behaviour, leading to a market that was unsustainable and unaffordable.

When homes and businesses pay too much for the bare-essential of power, it’s bad for the Aussie people and our economy; fortunately, the Federal Government’s had enough of that nonsense. They’ve poked at various policy levers, and prices are trending back down again. (In fact, to the tune of a whopping $900 million in potential energy bill savings; read the short and sweet ACCC report here.)

However, there’s an important caveat. Just because retail electricity prices have gone down, doesn’t mean that electricity providers are passing the savings on to customers. That’s why you need to compare energy plans to make sure you’re getting the cheapest energy prices available! And you can do just that in a few clicks, thanks to Econnex.

Econnex is an energy comparison website that provides quotes from a carefully vetted panel of energy providers. They’ll first ask you a few questions, and provide you with a list of available deals. As well as pricing information, these deals will include the main conditions of the contract; it’s always important to make sure a deal is right for how and when you use your energy!

With only a few minutes of effort, you can potentially get dozens of deals straight to your browser. Less effort, and more saving time and money for the things that matter!

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