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If you live in Victoria or are planning to move here it pays to know how electricity works here. This way you can be sure that you’re getting the right deal for you and you’re also saving money long-term.
So let’s take a short trip around electricity in Victoria which will give you the essential information you need to choose an electricity provider.
Back in 2009 in Victoria electricity pricing became deregulated. This allows providers to set their own prices. As a result electricity prices are very competitive in Victoria. Compare electricity plans here to find the best deal for you. Please keep in mind that the price of electricity is dependent on a number of factors like what type of meter you have, where you live, your provider, and energy consumption.
Pretty much every energy provider in Victoria offers you different types of discounts on your electricity. Do your research to see which one gives you the best value and saves you money long-term not just short-term. In addition to discounts provided by energy providers in Victoria, the Victorian Government also provides a range of electricity discounts and concessions. These are to help low-income households and also apply to gas and LPG. To find out more contact your energy provider or visit the Department of Human Services.
The Victorain Government plans to reduce the state’s electricity consumption by investing in renewable energy over the next 5 to 10 years. It has already invested 1.6 billion dollars in renewable energy. Households across Victoria are being encouraged to install rooftop solar panels at no up-front cost or little cost as an initiative to go solar. Solar power can help households save anything from $5000 to $8000 in their energy bills. In addition it helps save our planet through providing a cleaner energy source.
During times of peak consumption Victorians pay more for their electricity usage. Victorians generally use the most electricity during the summer months generally between 3pm and 9pm when people are at home and using their cooling systems, televisions, lights and other household appliances.
Winter can also cause peak demand with the use of heating. In recent years peak demand has grown due to population growth and increase in technological use. As a result electricity distribution companies have had to build more infrastructure like poles and wires. This has increased electricity prices for consumers who naturally are shopping around for better deals. So comparison of different energy providers and their electricity offers has skyrocketed.
Are you paying too much for your electricity in Victoria? Or perhaps you just want to see what other deals are out there? Contact the energy comparison experts at Cheap Bills today who will find you the cheapest electricity deal for you.
Related article: How do Energy Discounts Work?
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