Cheapest Electricity Rates ACT

Comparing cheap electricity rates in ACT is widely recommended for residential households and businesses as it can help consumers find a better deal and save money on their power bills. 

Comparison shopping has become accessible for most Aussies. However, the downside to doing it on your own is that it can be both time-consuming and stressful if you haven’t switched plans in years. The market changes on a regular basis, meaning plan rates, discounts, and benefits can go up or down at any time. This makes shopping for the best deal much harder as you’ll need to sort through every retailer if you’re really looking to save the most money.

Instead, call Electricity Monster. Our team of energy experts will find you the best deal we have available within our network of partnered electricity providers. We can even help you get connected. Our service is 100% free to use, so call us today and see how much you can save.

Each electricity provider in Canberra and the greater ACT area has unique plan offers with competitive rates, benefits, and sign-up incentives. While you might want to choose the cheapest rate out there, this decision might not save you the most money in the long run.

Several factors can influence the actual price you’ll be paying, like discounts, electricity consumption, and more - so it’s important to compare the market against your energy habits. You should be looking for a suitable plan that matches your household’s energy needs, offers favourable contract terms (e.g., discounts, tariff type, etc.), and is ultimately cost-effective. 

It’s important to never settle for a plan that you’re unsure about. There are other variables outside of cost that should be considered as well, like customer service, payment methods, tariffs, bill clarity, and inclusive features. These considerations can help guide you to an energy plan that’s suitable for you.

Being loyal to an energy provider may not bring the financial benefits that you might think. The convenience of staying with the same retailer is certainly nice, but that doesn't mean you're getting the best energy deal. As a matter of fact, you could be paying more because your benefit period has expired. The generous discounts that you received when you first signed up with your retailer may only be valid for a specified period of time. After this, your rates can automatically go up.

If you have questions about your current electricity plan and want to see if you can get a better deal, we recommend calling our energy experts at Electricity Monster today. We’ll help you get connected and handle the process from start to finish. Our services are 100% free to use.

Your energy bill can be high due to a variety of factors. One of the main reasons comes from high energy consumption. However, there's another underrated reason - being on a bad electricity rate.

For example, if you signed up with a big energy retailer a few years ago, you might have been offered a generous sign-up bonus. However, as time passes, your discount expires, so now, you’ll see a big increase in your energy bills. As much as you try to lower your electricity usage and switch to a more energy-efficient lifestyle, you may still see higher-than-average power bills.

You can also compare your current electricity bills with previous ones - preferably over the last year. This can give you more clarity as to why your bill has changed.

Your bill could be higher than normal because:

• you're using significantly more energy
• your tariffs have increased
• your discounts have expired
• new fees and charges are now included
• unpaid amounts from previous bills have been added.

If you’re looking for a cheap electricity rate in ACT, the best way to find out is by comparing the market. ACT is home to several competitive plan offers that might be better than what you’re currently on. The ACT government also suggests that you compare plans so you get the best deal on your electricity.

With a variety of sign-up bonuses, discounts, and benefits available, there are numerous ways to save. One of the glaring issues with comparison shopping is the amount of time it can take to find a plan that aligns with your budget and electricity needs. The end goal is saving money, but how can you save money if you aren’t sure what plan actually gives you the best rate? While you can compare the reference price of each plan you look at, that's only one variable that can determine which plan is right for you.

This is where Electricity Monster comes in. Our team of energy experts will not only do the comparison shopping for you, but we’ll get you a fair deal on an energy plan that suits your personal budget. We can even compare both electricity and gas for additional bundle savings and the convenience of only dealing with one retailer for both of your utilities.

Electricity Monster can also help you out with your natural gas needs. Many electricity providers offer gas plans along with their energy plans, and the same is true for our partners. If you are one of the many residential customers who use a high amount of gas, finding a way to lower your gas bill or electricity bill is just as important as getting a better deal on your energy. Finding yourself a cheap electricity supply is one thing, but once you get your gas at a sharp rate, you could start to see some serious savings. If you’re in the market for a new electricity and gas plan or just want a better deal on your gas, get in touch with Electricity Monster, and we’ll help you with every step of the process.

If you're looking for the cheapest electricity provider, it's highly recommended that you compare the market so you can find an energy plan that best fits what you're looking for. You'll also want to factor in things like discounts, as they can play a large role in determining what the cheapest electricity plans are.

However, it can take a significant amount of time to compare energy plans. Phone us at Electricity Monster instead. We can help you get connected to the best deal we have available. Best of all, we take care of the entire process for you - no need to worry about paperwork or long phone conversations. We can even help you get connected fast. Our energy experts pride themselves on getting you a fair rate for a fair price. Give us a call now and we'll compare energy providers in our network of partners. If you're tired of high energy bills, it's time you did something about them. Contact us today.

All states and territories in Australia have unanimously made smart meters the default meters, which means if you are replacing an old meter or are upgrading, the installer will default to a smart meter.

Smart meters offer a wide range of benefits. For example, a smart meter will measure your electricity consumption and solar export every 30 minutes and then send this information to your energy provider automatically. This means your energy provider will bill you for exact energy usage - you’ll no longer have to deal with estimated bills.

An energy tariff refers to the amount charged for providing electricity under your contract. Tariffs can vary based on where you live, which energy distributor you are with, and the type of meter you have. Below are two different tariff types that you should be familiar with.

1. Single rate tariff

A single rate tariff has no peak or off-peak periods. Regardless of the time of day you use your energy; you will pay the same rate. Residential customers who are home in the evenings with most of their energy usage coming during peak times may benefit from this tariff.

2. Time of use tariffs

A time of use tariff is often found in households with a smart meter installed that has the capabilities to be used with services like a solar panel system or a solar battery. This tariff means that the rate a consumer pays will depend on the time of day that the electricity is used. You'll often see times such as peak, shoulder, and off-peak.

Do you want to learn more about how tariffs can affect your energy bill? Do you want a better electricity deal? Call us today, and we can help. With our service, comparing energy providers is simple. We take care of the process for you. We can even analyse your energy usage and offer a variety of free solutions to help you save money.

It won’t cost you anything to compare energy retailers through Electricity Monster. However, there may be fees associated with a specific retailer if you do decide to switch. Exit fees, which are less common in today’s market, used to be tacked on to your last bill if you decide to switch to another provider. Fortunately, many energy providers have gone away with these fees. You should still check with your provider to ensure you won’t encounter any hidden fees if you decide to switch. 

Need help figuring out whether switching providers is right for you? Call our energy experts today.

In 2019, the reference price was introduced to New South Wales, Australian Capital Territory, South East Queensland, and South Australia as a benchmark electricity price. Also known as the Default Market Offer (DMO), the DMO acts as a price cap on how much you'll pay for your electricity bill if you don't switch to a new energy plan when your original offer expires. In Victoria, it is known as the Victorian Default Offer (VDO).

Once you’ve signed up with a new electricity provider in ACT, there’s what is known as a cooling-off period, which allows you to cancel the agreement without being charged any penalties or fees. If you decide to cancel, simply call your new electricity provider within the cooling-off period and request to cancel your service.

A solar feed-in tariff is a payment you receive from energy retailers for any excess energy produced by your solar system that gets fed back into the grid. Solar FiTs usually consist of a few cents that you’ll receive for each Kilowatt hour (kWh) of excess energy produced.

In most cases, these solar feed in tariffs are not paid out in cash but will instead appear as a credit on your energy bill.

Getting the right solar feed in tariff for your household depends on a variety of factors. For example, a home that exports loads of excess solar energy may benefit from a high feed-in tariff. But a household that exports little to no excess energy may be better off with lower solar feed-in tariffs and a sharper electricity rate.

Call one of our friendly energy experts, and we’ll analyse your current feed-in tariff rate and work to help you find a better deal. Are you big on renewable energy? Our team can also help you find competitive energy plans that align with your needs.