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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.
If you’re in Victoria and are looking for an electricity provider, you need to call Electricity Monster. Do you want a new connection? Do you have a problem with your current provider? Or are looking for a better deal on your business or residential electricity bill? Whatever you need we can help! We compare the available retailers from our panel in your area, and fight to get you the best deal we have available via our website.
Despite living in one of the most competitive electricity markets in the world, many Victorians stick with the companies that have outrageous electricity rates. Often this is a result of the big three retailers such as AGL Energy, Origin Energy or Energy Australia. So far the team at Electricity Monster has helped over 35,000 Australian homes and businesses into sharper rates, and we’d love to help you out too. The whole process can take as little as fifteen minutes to compare and save with our Free Service!
Electricity Monster provides a 100% Free Service
Here at Electricity Monster, we make it our job to find you our top plans, at the best rates we have available. Living in Victoria it can sometimes feel like you’re being constantly bombarded with energy plans and deals. It can be difficult to make heads or tails of them. With over twenty providers operating in the state of Victoria, it’s easy to get overwhelmed and confused by which suppliers are offering the top electricity rates.
If you call Electricity Monster we can make this process so much easier. A fifteen minute call with one of our trained brokers can sort you out with a new connection, or a new provider at the sharpest rate we have on offer. So don’t wait, give as a call, we’re here to help you save on your residential or business electricity.
You don’t need to stick with expensive electricity companies
People say that Victoria is one of the most competitive energy markets in the world. That’s what they say, but does it really feel that way for you, your family or your business? While Victoria has a reputation as a power shopper’s paradise, the data doesn’t back this up. Between January and March of 2018, the rate of people who have had their power disconnected due to being unable to pay their bill jumped by over 10%. Since July 2017, 39,544 Victorians have been unable to pay their power bill and have subsequently had their power cut off. This is 22% higher than the period from the previous year. Not only that but the raw dollar amount you have to pay has gone up as well. More than 50% of customers on hardship plans have more than $1000 on their bill, this is up 7% from the previous year. How much did you pay last bill?
Here’s the problem, Deregulation was supposed to lower prices and promote competition, has instead lead to a 200% increase in the price of an electricity connection since the year 2000. How does that make you feel? We think that many Victorians would agree with Emma King, chief executive of the Victorian Council of Social Services when she said:
“For too long, everyday Victorian households have been ripped off by energy companies. They have been fleeced, it's time for that to end.”
The big retailers don’t much care though. They will continue to charge excessive prices, and jack the rates up every year. It got so bad that in 2017 the Victorian government ordered the AGL, Origin and Energy Australia to pay a $720 dollar rebate to over 280,000 customers who were charged far more than they should have been. After that, they went ahead and just jacked the price up again on the 1st of January anyway. This is the mentality of big corporations and it’s happening all across the country.
Electricity Monster doesn’t want this to happen to you. Like any Australian we like to see a fair deal for everyone. That’s why you should get in touch with one of our electricity brokers and get yourself on the best deal we have on offer for your home or business.
Studies have show that on average Victorians are paying 21% more than the cheapest offer on the market. This could amount to over $200 dollars you don’t need to spend. $200 dollars is a week’s worth of food for your family or catching a few football games at the ‘G. If you’re a business owner this could pay for some new equipment you need to run your business. Saving on power is a must do, especially considering the way the economy is currently.
The issue of energy poverty grows every day. The ridiculous prices set by these providers are having a real impact on Australian families. Bernard Salt, KPMG special advisor and respected demographer outlined the consequences of high prices:
“Households [are] having to divert funds from other areas such as medical bills, food and clothing.”
Tragic situations like these are becoming all too common in Australia. Australia is one of the richest countries in the world and people shouldn’t have to choose between keeping the lights on and keeping food in their kids stomachs. You need to survey the available retailers. If you do this you will be able to make an informed decision. However, it’s often very confusing & takes a long time.
So you’re in Victoria, you’ve got dozens of companies to choose from, and each company has a bunch of different plans, and each plan comes with it’s own rates and discounts and prices. What do you do? Which one is right for you? What about business energy? What do you do next? Comparing prices is such a chaotic exercise in a market as saturated as Victoria. It can just end in a major headache. So don’t sweat it, let us take care of it.
If you’re looking for the best priced retailer you can get from our partners, then you should definitely call Electricity Monster. By partnering with some of the fairest suppliers in the Victorian energy scene, we’re able to deliver a 100% Free Service. Our brokers are dedicated to getting you the sharpest rates we can. So far over 30,000 Australians have used our service and are now enjoying sharper rates than they were before. Comparing electricity retailers doesn’t need to be hassle and it doesn’t need to cost anything. So give us a call, our number is 1300 232 848, and start to take control of your electricity supply today.
Since 1921 all of the electricity supply and distribution in Victoria was controlled by the State Electricity Commission of Victoria. The SECV controlled everything, they generated the electricity, transmitted the electricity and distributed the electricity.
The Victorian Energy Market as we know it today really got going in the early 90s. In 1993 the SECV was split into five smaller companies, each one handling a different aspect of the electricity business.
The goal here was to sort of split the energy industry into two areas. On the one hand there would be transmission and distribution, which accounts for wires, poles and power plants. On the other would be the retail side. This was intended to promote competition and lower prices, but the lack of regulation on the retail end of things lead to skyrocketing prices which could be costing Victorians around $250 million every year.
Nowadays electricity distribution in Victoria is handled by five different businesses, each one overseeing a different area of Victoria and/or Melbourne: Citipower for the inner city of Melbourne, Powercor Australia for the western suburbs and West Victoria, Ausnet Services for the Northern and Eastern Suburbs as well as east Victoria, Jemena for the northwestern suburbs, United Energy for the southeastern suburbs and Mornington Peninsula.
In terms of electricity generation, Victoria is mostly powered by a number of brown coal plants dotted across the state. This is in quite the contrast from other regions of the country. For example Queensland is Australia’s largest energy exporter , and mostly exports black coal.
Brown coal has a major issue when it comes to generation as it contains quite a high amount of water. This is an issue because the brown coal is more difficult to combust than black coal, this makes electricity generation more difficult and produces more carbon. This is why black coal is more favoured globally when producing electricity. However Victoria has so much cheap brown coal available it will continue to burn it for many more years to come.
In terms of renewables Victoria is making some progress. In 2016 the government approved the construction of a $650 million dollar wind-farm in western Victoria. This project is part of the Victorian government’s plans to hit a 25% renewable energy target by the year 2020. Initially it was only expected to generate enough power for 140,000 homes, however more recent estimates have driven that number up to 340,000. The project is expected to create over 300 jobs as well.
So now that you know what’s what in regards to electricity in Victoria, it’s time to make the smart decision and get yourself a sharper rate today. This is why you definitely need to call Electricity Monster.
Want to know how we work?
Electricity Monster is an Electricity Broker, and we’ve got some of Victoria’s sharpest rates all in the one place. Looking for a top plan? Want to change retailers? Need a new connection? Electricity Monster can handle all of that for you.
All you have to do is make the call. Our brokers will guide you through the whole process. All we need is your name and address, that way we can figure out your tariff. Afterwards we’ll compare the providers in your area and find you a cost effective rate for your home or business.
In no time at all we should be able to find you a plan that leaves you better off. Don’t worry, you don’t have to lift a finger. We’ll take care of everything to do with your changeover to your new provider.
Not too long after you’ll get a welcome pack in the mail. This will be from your new provider. There will also be no disruption to your power. This whole process can be taken care of in as little as fifteen minutes.
Once your term is up, we can do the whole thing again. Just give as another call and we’ll find you another sharp rate. Electricity Monster is here to help with our 100% Free Service.
With over 20 electricity suppliers in Victoria taking the time to compare them can seem like a mammoth undertaking. That’s why Electricity Monster is here. Our Free Service takes all the grunt work out of comparing suppliers, and it can also secure your home or business at a top rate.
We compare some of the top rates in Victoria to find you the best rate we have available. Our trained brokers are experts in their field and are waiting to set you up with the sharp rate today! The whole process can take as little as fifteen minutes. Give us a call, we offer a 100% Free Service.
No you won’t. What will happen is we will take a special kind of meter reading. This is just to identify where your old provider stops supplying your electricity, and when your new one takes over. Once you’re all set, you will receive a welcome back from your new provider and there will never be any loss of power when switching providers.
No, not if you use us! We run a 100% Free Service.
Call Electricity Monster on 1300 232 848. We’ll take care of the rest.
Smart meters are currently being rolled out across the country. They’ve been available in Victoria for a while now. Smart meters are great as they offer a more accurate reading of your electricity usage. Human error or estimation lump you with an incorrect power bill.
Electricity usage charges make up the meat of your power bill, so it’s important to figure out how much they’re costing you and if you can get a better rate. Typically electricity usage charges are between 20c/kWh and 30c/kWh, but some providers charge much more. Talk to Electricity Monster, you could be getting a bigger discount.
This is what you pay to stay connected to your energy network. Sometimes this will appear on your bill as cents per day, or possibly as a large lump sum for the entire billing period. How much you pay for your electricity supply charge will depend on which retailer you are signed up with.
Your electricity tariff is how your electricity usage is priced. Basically depending on what type of tariff you’re on, what company, or what time of day it is, you will be charged differently. These tariffs can vary quite a bit between suppliers but common examples include:
A peak usage rate is a charge levied by your provider for use of electricity during peak times. The peak usage rate will depend on what tariff you are on and what time of day it is.
Some plans only use a single use tariff, which charges the same rate for electricity regardless of what time of day it is. Other plans such as a two-rate tariff may feature both off peak and peak rates. This is all up to the discretion of your provider and can depend on what state you live in.
Just like with peak usage rates, off peak rates depend on your supplier, tariff, and what time of day it is. If you are on a single rate tariff, you won’t typically have to pay a peak or off peak rate. Generally off peak rates occur during the times of day where electricity usage is lowest, and are charged at a lower rate.
Paid your bill on time? Congratulations! Most retailers love this, and as an incentive they will sometimes offer super competitive pay on time discounts. These operate as an incentive to pay your bills on time. If you do so, you will receive a discount on your power bill.
However, makes sure you pay it on time every time. An outstanding bill will impact your pay on time discount. These can really add up and sometimes big price hikes are hidden behind the discount.
These work pretty similarly to pay on time discounts. If you pay your bills using direct debit, some suppliers will throw in a direct debit discount as a reward. These can leave you with a little extra cash so make sure you check to see if your provider offers them.
If you’ve signed up to a new plan that offers a discount on your energy bill, this will be the period this discount is effective for. Do keep a close eye on it, and know the date your discount period ends. Otherwise you could be in for a shock 12 or 24 months down the line when your power bill suddenly spikes. If this has happened to you give us a call at Electricity Monster and we’ll see what we can do to help.
If you can’t pay your bill it’s probably too expensive. That’s why you should take the time to compare the electricity providers Victoria has to offer. If you call us at Electricity Monster we can help you out with that in no time and have you swiftly locked into a sharper rate.
Looking for a bit more consistency in your bill? Maybe bill smoothing is right for you. Bill smoothing works by having your bill evened out so it’s similar every time it’s sent out. Some billing periods you’ll pay slightly more than you used, and at other times slightly less.
Call us. We take care of everything.
Do you feel like you’re paying too much for your power? Then you should probably think about switching right now! If you live in VIctoria you can definitely be getting a sharper rate. With energy prices so high and the market being so competitive you don’t need to be paying an outrageous rate for your power. Call us now on 1300 232 848 our brokers would be happy to help.
If for any reason, after 6 months you are not happy with the retailer we switched you to, then we will set you up with any other retailer of your choosing from our panel and reimburse your exit fees where applicable up to $75 for your electricity and $25 for your gas.
So now you can get a better deal on your electricity & gas with 100% peace of mind. Electricity Monster is 100% FREE SERVICE! Up to $100 protection peace of mind guarantee.