Electricity Bills | BY Alan
Lately, the absolute last thing NSW residents looks forward to is the electricity bill.
Considering how the average NSW electricity bill is about $1950 a year, we can’t blame them!
Have a conversation with our electricity brokers on 1300 584 872 or pop a few details in the form to switch to a sharper rate in NSW!
Average NSW Electricity Bill
For homes with a swimming pool (10149 kWh annually):
For homes without a swimming pool (6632 kWh annually):
Average Electricity Bill NSW – The Results
On average, NSW homes with a pool cough up a shocking $2840 a year for power, while homes without a pool pay $1950 a year!
Pool owners switching to an Electricity Monster partner could save about $140 a year, on average!
If you wanted sharper savings on your electricity and gas, pop a few details in the form or call 1300 232 848 today!
What’s Driving Electricity Costs Higher In NSW?
Found that you are paying too much for electricity? Take a close look at the type of plan you are on now.
Knowing if your power bill is higher than the average NSW resident, you will be alerted to if you need to be comparing energy plans.
Despite market offers usually having cheaper electricity rates and attractive discounts, a lot of people in NSW were stuck on expensive standing offers.
Nearly a quarter of NSW residents were on standing offers before the DMO came in!
A significant contributor to costs in NSW? Network charges for setting up more power lines and poles. Network costs in NSW make up over half of an average market offer.
The Australian network has seen a 70% increase in its value between 2005 and 2016.
Why would power companies spend so much on the network? Pointless government policies guarantee profits for retailers for merely investing more.
Network costs seem to keep on rising with another increase of 2.6% expected by 2020.
Breaking down your power bill
Confusing, complicated and costly. That’s your power bill. Australians have some of the highest energy rates in the world but do you really know where all that money is going? And how do you know what any of these terms mean?Learn More
Cause For Comfort
Electricity prices in NSW will see a 6.6% fall by 2020, according to forecasts from the market authority AEMC.
The price fall in NSW is in line with a nationwide trend of wholesale electricity costs going down.
Wholesale prices of electricity are set to go lower as more power supply hits the market from new power plants coming online.
A June 2018 report from the competition watchdog ACCC says the NSW government should “remedy the over-investment of their network”.
The report also found that such a move could cut the average NSW energy bill by $100.
Compare electricity plans and shop around for more reliable retailers with more affordable rates!
Take a few minutes to speak to our electricity brokers on 1300 232 848 and experience the magic of our 100% Free Service!
This publication looks at how much a 4-person household pays a year, on average, on plans from ten leading providers in NSW. By all means, no financial decisions should be made based on data from this publication. Individual usage, circumstances and brands could cause usage figures to vary.
Important points to note are:
- In brief, we do not guarantee that the information applies to every household in NSW.
- Significantly, all dollar figures are including GST.
- In effect, the comparison is between specific market offers that Origin, AGL and EnergyAustralia have in a state and the rates of an Electricity Monster partner.
- The plans chosen for comparison may not necessarily reflect the most competitive plans offered by Origin, EnergyAustralia or AGL.
- Specifically, comparisons are on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
- Rates are accurate as of September 6, 2019.
- Accordingly, electricity rates used are from the websites of electricity retailers. We have not verified their accuracy.
- Chiefly, electricity benchmarks used for the average energy usage of households are from the AER website.
- Notably, we have taken the Ausgrid distributor across all electricity retailers in NSW.