The Complete Electricity Guide After Retirement

Energy Saving Tips | POSTED ON January 18, 2019 BY Alan Koshy

* We do not compare all energy providers & have commercial arrangements with our partners.

For seniors on a fixed pension, the rising costs of electricity, which has more than doubled1 over the past decade, is a big issue.

Follow our state-by-state guide comparing our partner retailers with the ‘Big 3’ energy retailers – AGL, Origin Energy and Energy Australia.

Specifically, check out our handy section of the concessions you could qualify for as a pensioner in your state!

Looking For A Cost-Effective Provider?

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Discover your new Electricity Rates!

So we can quote you via email, we need to search your meter type.

NSW up to

30

Discount*
By using our service, you agree to our terms

* We do not compare all energy providers & plans in the market due to commercial arrangements.

What Power Plan Is Ideal For A Senior?

Most discounts depend on you clearing your bills on time before it becomes due.

Accordingly, if you forget to pay your electricity bill on time, the punishment is ruthless.

As your pay on time discount vanishes, it instead turns into a penalty and a much larger bill.

Additionally, now that you are a pensioner in Australia, it can be assumed that the kids have moved out.

Though it can be quiet without your children and grandkids around, on the bright side, your electricity usage may go down.

To make sure that you can save more, it could be more cost effective for you to choose an electricity plan with low daily supply charges.

A supply charge is precisely what the name seems to suggest.

Specifically, retailers in Australia charge this for keeping you connected to the poles and wires which bring power to your property.

Accordingly, as the supply charge has nothing to do with how much you use, choosing plans with a low supply charge makes sense!

Find out: Energy poverty is hurting 42,000 Australian households!

Average Electricity Bill for Seniors

We calculate the average yearly power bill for a two-member home in VIC, NSW, QLD and SA.

We have chosen AGL, Origin and EnergyAustralia as they are the largest energy retailers in Australia.

Specifically, keep an eye out for how much you could save by moving to one of Electricity Monster’s partner retailers!

Victoria

For two-person homes without a swimming pool (4526 kWh annually):

*Discounts eligibility is subject to approval

 

Also, there are concessions available for Seniors from the Victorian State Government for holders of a Pensioner Concession Card and Victoria Seniors Card:

Queensland

For two-person homes without a swimming pool (4610 kWh annually):

*Discounts eligibility is subject to approval

 

Also, there are concessions available for Seniors from the Queensland State Government for holders of a Pensioner Concession Card and Queensland Seniors Card:

NSW

For two-person homes without a swimming pool (5141 kWh annually):

*Discounts eligibility is subject to approval

 

Also, there are concessions available for Seniors from the New South Wales State Government for holders of a DHS Pensioner Concession Card and DVA Pensioner Concession Card:

SA

For two-person homes without a swimming pool (4526 kWh annually):

*Discounts eligibility is subject to approval

 

Also, there is a concession available for Seniors from the South Australian State Government for holders of a Pensioner Concession Card and Commonwealth Seniors Health Care Card:

What Can I Do About Rising Electricity Prices?

As you move closer towards the twilight of your life, you deserve all the peace of mind you can get.

By all means, seniors are some of the most loyal customers that electricity retailers can find.

More often than not, however, the loyalty shown by senior citizens has not been rewarded, with electricity retailers continually bumping up prices.

Want to get ahead of the curve and find a sharp deal with attractive discounts and low supply charges?

Electricity Monster can help with that!

We are a 100% Free Service that allows you to compare the plans of our partner retailers and honestly check if you are better off by switching.

If you decide to switch, we can handle all of the paperwork and make the entire process effortless.

With a couple of minutes of your time, you could find a sharper rate by speaking to our friendly electricity brokers on 1300 232 848!

Looking For A Cost-Effective Provider?

We compare retailers for FREE!

By using our service, you agree to our terms
Discover your new Electricity Rates!

So we can quote you via email, we need to search your meter type.

NSW up to

30

Discount*
By using our service, you agree to our terms

* We do not compare all energy providers & plans in the market due to commercial arrangements.

Disclaimer:

This publication looks at how much a 2-person household pays a year, on average, on plans from Origin, AGL, EnergyAustralia and Electricity Monster’s Select Partner Retailers in NSW, VIC, QLD and SA. The information being made available in this document cannot substitute for legally sound advice. 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 provided applies to every household in Australia
  • Significantly, all dollar figures are including GST.
  • In effect, the comparison is between market offers that Origin Energy, Energy Australia and AGL have in a state, and the rates offered by an Electricity Monster partner.
  • Rates are accurate as of February 15, 2019.
  • Specifically, comparisons are on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
  • 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.
  • The plans chosen for comparison may not necessarily reflect the most competitive plans offered by Origin, EnergyAustralia and AGL.
  • For Victoria, the Citipower distributor has been used across all electricity retailers.
  • In NSW, the Ausgrid network is utilised across all electricity retailers.
  • For QLD, we have chosen the Energex network across all electricity retailers.
  • In SA, SA Power Networks distributor has been chosen for use across all electricity retailers

1 ABC News story dated July 18, 2018 “Chart of the day: Something has gone terribly wrong with electricity prices”

Written by Alan Koshy
January 18, 2019

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