How Does Energy Comparison Work?

Energy suppliers have different tariffs and prices, which may confuse you about the best option for you and your household or organization. With over one hundred energy suppliers in Australia, the process of filtering through different energy suppliers and tariffs to find the perfect energy plan is sure to be time-consuming. Energy comparison sites such as Econnex Comparison help you compare energy prices, rates, and tariffs in five minutes. Upon completing the comparison, all you have to do is choose the plan that better suits your needs and, if such plan is not your current energy plan, switch to a new one. 

Switching to a new energy supplier is mostly a fluid process. You get the same gas and electricity regardless of who you have as your energy supplier. Thus, the main difference between suppliers and plans is the price – this makes energy comparison and switching energy plans and suppliers a convenient process.

Why Should You Compare Energy Plans?

Many households and businesses overpay on energy bills, and this is because they are on overpriced energy plans. This translates to fewer savings for households, even though there are cheaper and better energy deals from other energy suppliers. Although cheaper deals are not always guaranteed, it is worth a shot to look to switch energy suppliers because cheaper deals mean that you save money. 

For businesses, switching to a cheaper energy plan could ensure that the business keeps on running – this is especially true for small businesses who need to save as much as possible. But many businesses do not have the resources or time to handle an energy plan comparison. Energy consumption will increase when a company grows and moves to a larger building. In such cases, going solar is a good investment. You will need to calculate the number of solar panels required to run your operations smoothly. On the other hand, a business that moves to a smaller location and uses less equipment would need to re-evaluate its energy plan, as failure to do so would be a waste of money. It is best to compare energy plans to discover a cheap option in both instances.

Energy Comparison on the Customer’s End

Energy comparison sites such as Econnex Comparison ensure that searching for the cheapest energy plan is simple and stress-free for customers. To get started, you input your postcode and choose to compare your gas bill, electricity bill, or both bills. Choose to compare your residential or business electricity bill and select if there is a solar panel installed on the property so that you can have options for the best solar feed-in tariffs. If someone on the property requires life support equipment, select whether the life support equipment is fuelled by gas, electricity, or both. The new retailer will handle the process with extra care upon receiving this information.

If you are moving to a new property, input your expected moving date to have power when you move in. On the other hand, if you are not moving to a new property, select if you have your gas and/or electricity bill available for optimal energy comparison. If your bill is accessible, select the correct meter type and fill in your usage from your bills. If your bill is not available, move on to your usage profile. If you hold a concession card (an energy rebate), enter your goods and services tax (GST) concession rebate on your last electricity and/or gas bill. Enter your name, email address, and phone number to prove your details, then find out how much you can save. You will see electricity plans from the available suppliers, as well as tariff names and annual costs. You can finally switch to another energy plan from the same supplier, or you can switch to a different energy supplier and save some money.