What type of consumer are you?

Are you the type who is always looking for the best deal? What if you can apply the same cost cutting mentality on the electricity bill? And also, make it more friendly for the environment?

Suppose you live in Australia and live in a deregulated energy market, like Victoria. In that case, you have the flexibility to shop around, switch electricity providers and grab the best deal in the market.

You may be thinking, how can you do that? You have to do nothing, many affiliated websites already have done the hard work for you.

You just have to enter VIC postcode into the Compare Energy Vic website, and choose the plan in your locality.

The entire process is quite easy, but you have to keep many things in mind. In this context, we are going to discuss things to look forward to.

4 Important Things to Consider:

1. Signup incentives.

Most providers offer a signup incentive when you sign up for a new provider.

While the signup incentives are great but don’t get overwhelmed, as the signup incentives can cost you more in the long run.

That’s why it is important to compare plans firstly based on usage costs and then use Compare Energy Vic to find the best plan.

2. Pay On Time Discount.

If you are someone who pays their bill on time, you must know that many retailers offer discounts whenever you pay your bill on time.

But the caveat is that you end up paying more if you fail to pay your bill on time.

So, keep a reminder and never miss the date to save the most on your bill.

3. Flexible contract.

If you always move or are planning to move, you must choose a plan with an open ended contract or no exit fees when you opt out of the service.

Choosing this type of plan will give you the freedom and the flexibility to switch providers or plans without paying an exit fee.

4. Renewable Option.

If you want to contribute and save the environment, you must choose renewables as one of your choices.

Choosing providers that provide energy from renewables will strengthen your contribution towards a healthy environment.

How Much Electricity Costs in Victoria?

This is a pretty complex thing as the price may vary a lot depending on the provider and various other factors.

The other aspect is where you live, the type of meter that is installed, and how much electricity you use.

You can check all the aspect using Compare Energy Vic for more information. Electricity retailers in Victoria consider two factors to calculate the total bill.

Fixed Supply Charge

This is a charge that you have to pay irrespective of the electricity you consume. The cost is charged for the infrastructure that delivers electricity to your home.

Usage Charges

Usage charge is the total charge you pay as per the usage. This is charged as per the kilowatt per hour that you consume.

How to Reduce the Total Bill?

You can do many things other than switching a provider to save money on your total bill as a consumer.

You can buy energy efficient devices, switch devices off when not in use, and shift to smart devices to save the most on the total bill.