Update: The cheapest Electricity offers in SE QLD in January

SE QLD households could now be paying over $500 more in a year than they have to on power bills, according to government data in January.

9Saver has analysed plans available in the south-east this month and found a gap of over $500 between the best and worst for an average four-person household.

3 Ways to Save:

A typical 4-person household uses 7320kWh of Electricity a year, which would cost $1963 on Alinta Energy’s Home Saver Plus residential plan.

That’s more than $500 less than if they were on Alinta’s un-discounted standing offer.

QEnergy’s cheapest offer is currently the second-cheapest in SE QLD for an average household, and Origin switchers getting no discount can save over $300 by taking up the best discount from their provider.

The table below demonstrates why it’s never been more important to shop around for Electricity in SE QLD.

Cheapest Electricity Plans, SE QLD, January (Source: energymadeeasy.gov.au)

RETAILER #1: Alinta Energy #2: QEnergy #3: Origin Energy #4: AGL
OFFER NAME Home Saver Plus Residential Single Rate Flexi Home_17 Single Rate Maximiser Set and Forget
ESTIMATED ANNUAL BILL WITH ALL DISCOUNTS $1,989 (inc. GST) $2,037 (inc. GST) $2,112 (inc. GST) $2,113 (inc. GST)
CONTRACT TERM No contract term 2 years Ongoing contract with benefit period Ongoing contract with benefit period
RETAILER FEED-IN TARIFF FOR SOLAR? 11 cents per kWh 8 cents per kWh 7 cents per kWh 10.6 cents per kWh
LINK Get this offer Get this offer  Get this offer  Get this offer

Mother of three Lisa Meehan discovered a better deal then went to her provider, who matched it.

“Effectively we’ll be saving $800 a year,” she said. “As every family knows, no matter how many kids they’ve got Christmas time is expensive and then straight after Christmas you’ve got kids going back to school so everything you can save is a bonus.”

Her advice to others? “Just keep an eye on all your providers, be aware of what’s out there in the marketplace and know where all your hard earned money is going to”.

Comparing deals takes only a few minutes, but it doesn’t necessarily mean you have to make a switch. Arm yourself with the information to negotiate a cheaper deal with your existing energy provider if you prefer.

As always, it pays to read the fine print – some deals will lock you in to a multi-year contract.

* In highlighting particular offers we are not making specific recommendations as this article does not cover all available products and may not compare all features relevant to you. Any advice provided is general in nature and does not take account of your needs, objectives or financial situation. Individuals should consider their own circumstances, and if in doubt seek appropriate advice, before proceeding.