5 Reasons to Switch Energy Providers

Several states in Australia have deregulated the energy market which means that private energy providers are free to compete. However, despite having an abundance of choice, energy prices are still on the rise. The candle is being burnt at both ends with an increase in demand and a depletion of resources.

 

If you have stayed with the same energy provider for years and on the same plan, you are missing out on more cost-effective options. We have compiled a list of benefits from switching energy plans and providers.

 

Economic Rate

If you have noticed a surge in your electricity bills, it is possible that your current electricity provider is charging a high rate. There are so many options in the energy market, shop around and find a cheaper energy plan. Companies like AGL and Origin Energy offer low-cost energy plans.

 

Introductory Offers

If you signed up for a discounted plan, there is a good chance that you will be charged a standard rate after the discount period is over. Most providers offer discounted plans to first-time customers, so instead of sticking it out with an overpriced energy plan, shop around and utilise another provider's introductory offer.

 

Bundle Services

Do you have different retailers for electricity and gas? Avoid the hassle of dealing with separate providers by opting to bundle electricity and gas with the one company. This may even help you enjoy additional discounts.

 

Superior Service

In the modern world, electricity is a daily necessity and so it is important to choose a reliable provider. If you have issues with your current provider, do not grin and bear it, change providers so that you are getting value for money.

 

Offset Carbon Emissions

Finally, why not opt for saving that planet? If you are concerned about climate change, switching to a green energy plan is an effective way to lower your carbon footprint. Energy providers like Powershop and AGL offer plans that partially, or fully, source your energy usage from renewable sources.

 

When you understand all the benefits of changing to a new energy provider, why are you still renewing old contracts? Use Electricity Wizard’s service to compare electricity prices and find a new plan for your home or business.

7 Simple Ways to Save Money Without Compromising

Did you recently suffer a financial issue? Are you trying to lower your overall expenses? By re-evaluating your finances and readjusting your spending, it’s possible to enjoy greater savings. Having the goal of saving in your mind helps you understand which expenses are worth your money and which are avoidable. And of course, savings offer security in case of unforeseen financial struggles.

 If you’re confused about where to start, we’re happy to help. Here are some simple ways you can save money without compromising your current lifestyle. Take a look.

1.   Buy Generic Brands

When you’re shopping for groceries, don’t automatically reach out for name-brands, assuming they are better. For most staple items such as milk, beans, rice, eggs and so on, the generic and name brand are nearly the same quality. The only differences are the fancy packaging and marketing, So, save your dollars and stick to generic brands.

2.   Switch to Budget Plans

Not a lot of people take much interest in their electricity plans. But what if you’re overpaying for a plan that doesn’t meet your specific needs? If you’re unhappy with your current plan, then compare electricity providers and switch to a better one. Check out Alinta Energy reviews.

3.   Exercise at Home

Do you go to the gym once in a blue moon? If that’s the case, then cancel your gym membership and start working out at home. You can easily find great home workout videos on YouTube.

4.   Unsubscribe

Promotional emails and push notifications are cleverly designed to catch your attention and encourage you to make a purchase. Do you often fall for such tactics? Then simply unsubscribe from such emails and notifications.

5.   Use Energy Consciously

Reduce your energy consumption by working in natural light and turning off lights and electronics when not in use.

6.   Buy Second-Hand

A product doesn’t have to be brand new to serve its purpose. Whether you’re looking for a dining table or a designer handbag, try to explore second-hand retailers instead of buying them at full price.

7.   Cook at Home

Rather than dining out every day, start cooking meals at home. It may feel inconvenient at first, but it’ll soon become a part of your everyday life.

The Bottom Line

Savings just don’t happen overnight. You have to work consistently to improve your finances and build-up dependable savings.

6 Free Websites & Apps to Make Your Life Easier

Apart from offering uninterrupted entertainment, the internet also gives you access to a range of apps and websites that can make your life significantly easier. And the best part? They are absolutely free!

Whether you need urgent relationship advice or you’re searching for cheaper utilities, here are our top website and app picks to help you with everyday challenges. Take a look.

1.  Electricity Wizard

Spending too much on utilities like electricity? To find a good deal, use a website like Electricity Wizard to easily compare electricity prices and providers in your area. There’s no need to create a spreadsheet for comparing different retailers and prices!

2.  Relationup

Are you having doubts about your current relationship? If you don’t have a friend around to talk to, Relationup happily offers free relationship advice. You can post on the forum at no cost, or pay for immediate relationship help from an expert.

3.  Mint

Whether you’re a big spender or want to streamline your finances, you can be your own finance manager with Mint. This free app helps you keep all your accounts in one place, track bill payments, keep up with budgeting, track investments and more.

4.  WIX and Squarespace

In today’s digital age, a website serves as a portfolio for several professions. Whether you’re an artist trying to promote your art or a masseuse starting your practice, a website will help you create an online presence. Even if you don’t have the first clue about website designing, WIX and Squarespace allow you to create a website with easy drag and drop features.

5.  Headspace

Everyone feels stressed or anxious at some point in their life. If you’re going through something mentally exhausting, try Headspace to practice mindfulness and meditation.

6.  Skillshare

Are you interested in learning a skill but unsure if it’s worth pursuing? Skillshare offers expert courses on a wide range of topics. You can watch these courses and learn a new skill from the comfort of your home.

When you decide to put your internet connection to good use, you’ll be surprised how much it can smooth out the challenges of your daily life. We hope you found our suggestions helpful!

What Factors Influence Electricity Prices?

The price of electricity is generally a reflection of the cost to build, maintain, and operate power plants and the electricity grid. A lot of building and maintenance costsare involved when electricity is generated and delivered through equipment that runs on fuel. Your electricity bill has a direct connection with the increase or decrease of prices of these things.

Let’s explore a few essential factors that influence the price of electricity.

Cost of Fuel

The cost of fuel varies, especially when there is high demand. High demand for electricity results in demand for fuel, like natural gas. This can result in a higher price in the fuel and, consequently, higher costs for generating electricity.

Weather Conditions

Snow and rain make a significant contribution to the generation of low-cost hydroelectric power. Wind provides cheap electricity through turbines during favourable conditions. However, there can be an increased demand for electricity to fulfil various requirements, and increased demand can drive the prices of electricity higher.

Consumer Type

Residential customers usually pay more per kilowatt-hour (kWh) than industrial customers. This is because industrial customers are supplied a more substantial amount of electricity at one time, which makes the delivery and electricity generation cheaper and quicker. In contrast, it takes more time and effort to generate power for the customers who use smaller amounts, and therefore the cost involved in the process increases.

Minimum Usage Costs

Some electricity service providers require their customers to meet a specific usage for their plan. It means that regardless of the amount of energy you use, there is a minimum amount that you will always be charged. This can increase the overall cost of your electricity.

Why are Electricity Charges Higher During Summer?

Although the cost involved in generating electricity varies, most of us pay electricity charges based on the seasonal price of electricity. Availability of power plants and generation sources and fuel costs directly impacts rates. Prices of electricity are generally highest during the summers as the overall demand for electricity increases and more power generation sources are required to be added to meet consumer demand.

If you want to save money on your electricity bills, compare electricity prices to ensure that you are on the lowest-cost electricity tariff.

Conclusion

With several factors impacting the rates of electricity, it is often challenging to find a single reason that is driving your electricity rates up. But by understanding some of the factors that result in higher electricity prices, you can ensure you are billed accurately.