WHAT WE DO
Electricity prices have been continuously rising in Australia, and it’s all over the news. Many families & businesses are struggling with these expensive power prices. Electricity Monster is a broker that compares rates from our partners.
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NSW Electricity Providers
If you’re in need of an electricity provider in New South Wales, Electricity Monster is here to help. Electricity Monster is an Electricity Broker, this means we bridge the gap between the suppliers and the Aussie consumer, and we make it our job to get you your electricity connection at the sharpest rate we have available from our partners. What we do is compare the suppliers in your area to find out which one will leave you better off. Whether you need a new connection, want a better deal or have a problem with your current electricity company, we are sure that our team has the skills to help you out. To top it off, we offer a 100% Free Service.
Call us today on 1300 232 848, our service takes less than 15 minutes.
If you’re shopping to see what electricity suppliers NSW has to offer, we really can’t blame you. Despite living in the richest and largest state in the entire country, New South Wales’ citizens have been taken to the cleaners when it comes to their electricity.
Everyone’s to blame. The government, the generators, the big retailers. While these high prices are lining the pockets of the corporate fat cats, the ordinary Australian living anywhere in NSW like Sydney, Newcastle or Wollongong is struggling to pay his or her power bill.
Here at Electricity Monster, we don’t like this situation any more than you do. That’s why we offer a 100% Free Service to both households and businesses. Our service removes the time consuming process of manually comparing suppliers, leaving you with both a sharper rate and more time to spend on the things that matter.
If you’re interested in learning more about why the NSW electricity situation has become so bad read on below.
Electricity Suppliers – New South Wales
How did NSW get here?
How did such a rich and populous state end up paying and arm and a leg just the keep the lights on? Especially with an abundance of energy resources such as hydro, coal, solar and gas? The answer is a combination of factors, all of which end up with the regular NSW consumer paying, on average, over $1600 a year for the electricity. That’s if you're lucky, because some people in NSW are paying significantly more.
Unlike a lot of other states in Australia, New South Wales was pretty late to full deregulation party. The government announced that electricity prices would be deregulated in April of 2014. After that they didn’t give people much time to get organised and in July of that same year the changes came into effect. Anyone who didn’t get onto the market was moved from the old regulated rate to the transitional tariff.
Since deregulation much has changed in NSW, a lot of it coming at the expense of the consumer. Let’s start with the electricity network and a phenomenon known as “gold-plating”. Gold-plating or over-investment is a problem all across the Australia energy sector. What this means is that an excessive amount of money has been spent upgrading, maintaining and running the network. In raw numbers, Australia with it’s population of around 24 million has an energy network valued at $75 billion, whereas the United States, with a population of 300 million has a network valued at $100 billion. Where do they get all that money? From you of course. They pass these costs onto the consumer. In NSW this has amounted to an extra $500 a year the average customer has to pay. This ultimately adds up to an extra $3 billion dollars NSW as a whole has to pay.
What’s causing all this gold plating? It’s partly to do with the government ownership of many of the electricity assets, and partly to do with certain laws. The government in NSW controls a very large amount of the energy infrastructure and they aren’t very efficient with how they spend your money. The distributors TransGrid, Ausgrid, Essential Energy are all wholly government owned, whereas Endeavour Energy is partly owned by the government.
On the generation side the government owns part of Snowy Hydro, which produces the lion’s share of the renewable energy in the state, and 19% of NSW’s generation overall. The other half of the problem is the regulation. Whoever owns the grid is guaranteed a certain earnings from the regulators, and this income is tied to the value of the network. Whether the network is owned privately or publicly, the more the network consumes in up keep the more money they can make. So they pump upgrades into the network system and pass these costs onto you. Craig Memery speaking to ABC had this to say on the subject:
“The operators have spent a lot of money on building their networks to potentially provide excessive reliability […] on top of that, the interest rate that is applied over the long term to that investment which consumers pay has been particularly high.”
CRAIG MEMERY
Policy Team Leader, Energy + Water Consumers' Advocacy Program
So much money has been wasted by the big providers and the government upgrading a network beyond the point where it was effective. Seeing as not only are your tax dollars sometimes going towards these upgrades, but these upgrades are undertaken by state owned networks then comes back to the government as revenue. Some have described this process as another form of a high tax, and sometims these upgrades as been blamed on solar installations. All this means you get lumped with a high electricity bill, it has never been more necessary to start shopping for a top plan on your residential or business electricity.
How to find the best retailers NSW has on offer
The one ray of hope in for the New South Wales consumer is you do have a lot of options in terms of electricity providers. The problem is knowing which ones are offering the sharpest rates. Often times retailers will employ deliberately confusing and complicated pricing schemes in order to catch customers unawares. However, going through and figuring out which one has the best deal for you can take forever. Not to mention cross checking all the different discount rates and standing offers can become a nightmare. That’s why you should use an Electricity Broker. That’s why you should call us here at Electricity Monster.
Electricity Monster has some of New South Wales’ top plans all under one roof. We’re partnered up with some of New South Wales sharpest providers so that we can deliver great rates for Australia, all while providing a 100% Free Service. Not only that, we have an entire crack team of highly trained Electricity Brokers ready personally to help you get into a sharp rate in as little as 15 minutes. If you’re interested in joining the 35,000 other Australians who are enjoying sharper rates with our service call us today!
The future for electricity in NSW
Recent times have seen some interesting new developments in the NSW electricity scene. One of the more ambitious and unusual projects that’s been floated is Snowy 2.0. Snowy 2.0 is a next generation hydro scheme that’s straight out of a science fiction movie. The plan is to link the Talbingo reservoir and the Tantangara reservoir via underground tunnels. In between these two water sources, a kilometer underneath the mountains, they’re planning to build a power station. Like most hydro plants, electricity will be generated by falling water spinning massive turbines.
What’s special about the Snowy 2.0 scheme though, is that its turbines will be reversible, allowing for water to be fed back into the reservoir and to be used all over again.
Should the project be completed Snowy 2.0 will be able to generate over 2000 MW of electricity and be able to store a massive 350,000 MW. Many of those working on the projects are extremely confident in its potential. Paul Broad the CEO of Snowy Hydro made the bold claim that Snowy 2.0 could outperform any coal plant in the country.
Snowy 2.0 is just part of the massive renewables boom that’s going on all across New South Wales. 2018 will see 10 new wind farms constructed, when you combine this with the ever growing investment in solar a grand total of 4750 MW of electricity will be generated. The investment in renewables that’s going in in NSW is great for the environment and all, but what does it do to get that power bill down? Not a whole lot right now, which is why it pays it compare with Electricity Monster.
We can find you more cost effective providers
Curious about what you’ll get when you call Electricity Monster?
All you need to do is pick up the phone and dial 1300 232 848. After that you can sit back and let our brokers handle all the heavy lifting. We just need your name, and your address, so we can figure out what your electricity tariff is. Once we’ve got that all sorted we get right to comparing the retailers that we have available in your area.
Before you know it we’ll have found you the sharpest rate we have. Not to mention, you won’t have to do a thing. Everything to do with the switch to your new supplier is handled by Electricity Monster.
Once the switchover has been completed you’ll receive a welcome pack from the new supplier we’ve found you. This may take a few days to arrive but don’t worry too much if it does. The good news is, at no point will you ever be without power. In short we can switch you over to a new provider in as little as fifteen minutes.
What about when it comes time to renew your agreement? No worries, we can handle that too. Once your agreement expires just ring us again, we’ll be waiting for you call, and as always Electricity Monster is a 100% Free Service.
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faq
How do I compare electricity providers?
We understand that in NSW you have a lot of options to choose from. With so much on offer how do you go about finding the right provider for you? Call Electricity Monster. We offer a 100% Free Service that makes comparing electricity retailers a breeze.
How can Electricity Monster help you to find you the right retailer?
Our service is quick and easy. If you call us our trained brokers will make comparing electricity suppliers an absolute breeze. Once we’ve received your call the job of comparing and switching retailers can be sorted in fifteen minutes. So what have you got to lose? Give us a call and start comparing retailers today.
Will I lose my power supply if I switch providers?
We understand if this is something you’re worried about. However, the good news is, no, you will never be without power if you make the switch using Electricity Monster. We will need to take a special meter reading. This is just to figure out where one supplier ends and another on begins. After you’ve been switched over you’ll get a welcome pack from you new retailer.
Will switching providers cost me money?
Not with Electricity Monster! We run a 100% free service.
How do I sign up to an electricity plan?
Call us! Our number is 1300 232 848. We’ll guide you through the process.
What is a smart meter?
Smart meters are here and they’re making meter readings so much easier. While New South Wales has had access to them for a while now some people still aren’t quite sure what they do. Smart meters take a reading of how much power you’re using far more frequently than a regular meter. This way you get a much more accurate gauge of how much power you’re using. If you have a smart meter, estimated reads and human readings are no longer necessary.
What is an electricity usage charge?
Electricity usage is how much electricity you’re using, usually displayed in kWh. Your electricity usage charge is how much that electricity costs you. The more you use, the higher your power bill will be at the end of your billing period. Often times these charges can be outrageous so make sure you give us a call here at Electricity Monster and see if we can sort you out with a sharper rate.
What is an electricity supply charge?
Your electricity supply charge is a bit different from your usage charge. This charge isn’t tied to how much electricity you use, rather it’s a standardised charge your retailer imposes so you can remain connected to the network. Much like your usage charge this’ll vary from supplier to supplier.
What is an electricity tariff?
An electricity tariff can seem a little confusing at first, but don’t worry we’re here to clear things up. This is how the electricity you are using is structured. Lots of things can influence what your tariff is, such as what time of day and what provider you’re with. What your tariff is called can depend on which electricity company you’re with but these are some common examples:
- Single rate
- Controlled load
- Block rate
- Two rate
- Time of use
What is a peak usage rate?
Different providers will set their peak times differently. Often times peak times will occur during times where people spend the most time at home, such as late afternoon to night time. Your peak usage rate is what you’ll be charged during this period. Usually it’ll be the most expensive tariff you pay.
Sometimes you might be paying the same tariff through all 24 hours of the day. Other tariffs might have you paying peak, off peak, and shoulder rates. It’s important to have a look at your power bill closely to find out which tariff you’re on.
What is an off peak rate?
Off peak rates are the other side of the peak usage coin. Typically these might occur during the time of day where electricity usage is at its lowest and is often less expensive than your peak usage rate.
What is a pay on time discount?
Energy suppliers often will provide incentives in order to get you to deal with your electricity expenses the way they’d like. One of these ways is by offering a pay on time discount. These are typically the major cherry electricity retailers dangle in front of you in order to get your to switch to their service. In NSW these can reach well above 20%, so it’s definitely worth paying your bill on time to get that nice big price cut.
What is a direct debit discount?
Another offer your provider might make is a direct debit discount. A direct debit is when the money is taken directly out of you account, rather than an automatic payment where you make the decision when and how to pay. A direct debit discount is offered to encourage customers to pay via direct debit, this ensures the bill always gets paid and is great for your provider’s cashflow
What is a discount benefit period?
Let’s say you sign up for a new provider offering a 20% pay on time discount. Often time this pay-on-time discount will be for a finite period of time. Once the period expires you might end up getting a nasty surprise in the mail once your discount benefit period ends. If this has happened to you, give us a call at Electricity Monster and we’ll see if we can sort you out with a sharper rate.
What if I can't pay my electricity bill?
In a market where electricity prices have exploded recently, there really is no shame in having a little bit of trouble paying your bill. However you don’t have to stick with that same old provider who’s been charging you a fortune for years. Comparing electricity suppliers with Electricity Monster is the one of the best way to find the sharpest rate you can.
What is Bill Smoothing?
Sometimes power bills can creep up on us. Ever opened up the first bill of winter and had your jaw drop to the floor? Bill smoothing seeks to mitigate surprise bills like this. By paying a similar amount each bill period, you have consistency in your payments. Often shortfalls on some bills will be made up by excessive payments elsewhere.
How do I switch electricity providers?
Call Electricity Monster! 1300 232 848, we’ll sort you out with a sharp rate.
When should I switch electricity suppliers?
Any time where you feel like you’re not getting the best deal you can. However finding out what the top plans are can be tedious and time consuming. That’s why you need to compare retailers with Electricity Monster. Give us a call on 1300 232 848, our trained brokers will find you a sharp rate in no time at all!
