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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.
Here at Electricity Monster we take pride in finding a sharp rate for everyone we serve. Unfortunately for Western Australian residential customers after a bargain, your electricity market is yet to be fully opened up to competition. Right now, unless you meet stringent requirements, you probably can’t shop for power. Not only that, but your ability to choose your retailers is influenced by other factors such as what region you’re living in.
At present most of the population of WA is on the South West Interconnected System or SWIS. This is a roughly triangular area stretching from Kalbarri in the north, to Kalgoorlie in the east, to Albany in the south, and covering the entirety of the Perth Metropolitan Region. Those who are in the SWIS will have Synergy as their retailer, and do not have the option to shop for a sharper rate. If you live in regional Western Australia the government has given you the ability to choose but they haven’t made it easy. While you do technically have the ability to choose your retailer, Horizon Power is usually the only option available for most people.
Due to this situation, right now, Electricity Monster can’t do much to help you with your electricity connection. Once the market is opened up, however, we’ll be right there with our commitment to finding the top plans, the best deals we have available, and sharp rates for every Australian.
However we can help getting your mains gas connected and we can also get you on the NBN. So if you’re looking for these services we can compare those offers from our website or call center.
If you’re interested in learning more about the electricity situation in your state, please read on.
You don’t need to stick with expensive electricity companies
If you want to understand how power works in the SWIS network, you need to get yourself familiar with two words: “contestable” and “non-contestable”. These two terms describe whether or not you can shop for power. Contestable customers are heavy users, mainly large businesses or industrial firms. Non-contestable customers are everyone else, so you yourself are probably non-contestable. In short, contestable customers can compare and change companies, and non-contestable customers cannot. The decision to label WA consumers in such a way comes from the WA government. How did all this start? It begins in around 2006. Prior to 2006 the state-owned Western Power controlled everything. They generated, transmitted, distributed and retailed all of the electricity in WA. This was a monopoly and the government decided to do something about it. Western Power was split into four new companies, Verve which took care of generation, Synergy and Horizon which handled retailing, and Western Power which held onto the networks.
Despite there now being a new retailer on the market Western Australians were still not given the option to choose their retailer. The Electricity Reform Administration Regulations state that a contestable customer is someone who consumes more than 50 megawatts of power a year. To put this in perspective, the average household might use about 6 megawatts per year. Not only but the government remained pretty hands on during this faux-deregulation. The prices both Synergy and Horizon are allowed to charge are still strongly regulated by the WA state government. Not to mention that these prices aren’t exactly cheap.
In theory, the disaggregation of Western Power was supposed to drive prices down. In reality, electricity prices in WA have spiked by nearly 50% in the decade or so since disaggregation. How has this happened? A big component of this problem is a phenomenon known as “gold plating”. Unsure what that means in the context of electricity? It has to do with the grid. The energy grid isn’t just something you build and forget about, it requires significant amounts of a upkeep. The amount of upkeep required will incur some sizeable costs, however sometimes those who own the grid go a little bit overboard. When more money is spent on upkeep and maintenance of the network than is needed, we call that gold plating.
This isn’t just a WA problem. Gold plating is an issue all across Australia, with the national network valued at anywhere from $75-100 billion. In contrast, the network in the USA is valued at $100 billion. This is a country with more than ten times the population of Australia. It’s not that money shouldn’t be spent on network upkeep, it’s that an excessive amount of money has been sunk into the network for diminishing returns. This keeps the value of the big energy companies high, and allows them to pass these costs onto consumers. Do you think this is right? We sure don’t. We think it’s past due things really changed in this country.
Often times you’ll hear mixed things about deregulation, some people saying it has driven prices up, and others saying otherwise. Really there’s nothing wrong with having lots of options, the issue is making sure you properly survey those options to see who’s offering the sharpest rate. So many people just stick with the same provider for years and sit back impassively watching their power bill shoot through the ceiling.
What you need to do when the market is deregulated is play the game smartly. You need to take the time to compare retailers and find out which electricity company has the top plans. However, when there are upwards of twenty available retailers (as there are in many states in Australia) it can become exhausting figuring out which one has the best deals for you.
That’s where Electricity Monster comes in. We compare the retailers we have available in your area and find you a sharp rate. In some states suppliers are offering discounts of upwards of 40%.
With the price of electricity in this country getting more and more outrageous everyday Australians are falling victim to energy poverty. It’s times like these where using a trained energy broker is one of the best decisions you could make when you’re comparing plans. By using an electricity broker you’ll be in the safe hands of an experienced, trained professional, whose job it is to find you a sharp rate. To top it off, at Electricity Monster we provide a 100% Free Service.
So when the time comes when WA’s electricity market is fully deregulated, make the right choice and call Electricity Monster on 1300 232 848.
If you’re inside the SWIS and consume more than 50 megawatts of electricity a year you do have some options in terms of who your retailer is.
In Western Australia, unfortunately you can’t unless you electricity usage meets some exceptional criteria. Hard luck for the WA consumer, but as soon as the market is deregulated Electricity Monster will be there, ready and willing to help you into a sharper rate.
Here’s what you get when you call Electricity Monster. You’re set up with a highly trained electricity broker, who has the knowledge and skills to set you up with a sharp rate from one of our premium partners. The whole process can take less than fifteen minutes and we’ve already helped out 35,000 Australians.
Our service is designed to take away any possible headaches you might develop while switching providers. That’s why we take care of everything. What happens is a special kind of meter reading will be taken, so we can figure out where your old provider stops providing, and your new supplier with a sharper rate kicks in. You will never be without power, we guarantee it.
Not a cent. We provide a 100% Free Service to those who live in deregulated electricity markets.
Get in touch with the team at Electricity Monster! Our number is 1300 232 848, we’d love to help you out.
Smart meters are the next step in meter reading technology. The old meters were inaccurate and often required humans to come and read them in order to get an accurate bill. Ever seen the words: “estimated reading” on your power bill? Blame the meter. Smart meters are different. They send out readings every thirty minutes to help ensure your bill is as accurate as possible.
You use electricity every day. Some days you might not use much, but other times you might use a lot. This is electricity usage, and your electricity usage charge is how much it’s going to cost you. If you use a lot you’ll be charged a lot.
This is the other major cost of having electricity in your home. While the electricity usage charge is dependent on how much electricity you use, the electricity supply charge is generally a fixed charge you incur for remaining with you provider.
Your electricity tariff is the way in which your electricity use is measured. What sort of tariff you’re on can be influenced by quite a lot of different factors. What time of day it is and what provider you are with for your electricity supply can greatly influence everything from what your tariff is, to what it’s called. Common examples of electricity tariffs include:
A peak usage rate is what you pay for using electricity during the times of the day defined as “peak times”. These will be set by your provider and are often set for times of the day where the overall electricity usage is heavy such as the morning and early evening.
Off peak rates are the opposite of peak rates. These are charges for using electricity during the times of the day where the electricity usage is less. The good news about off peak rates is they’re typically cheaper than peak usage times. So try to get your big usage done during these times.
One thing electricity suppliers like is when you pay your bills on time. It just makes things easier for everyone. Because of this one thing that’s pretty common to most retailers is the pay on time discount. These act as extra motivation for customers to pay their bills on time. Make sure you actually do pay it on time though. Sometimes retailers hide a massive electricity rate behind a massive discount. So if you miss paying it because your on holidays you could be stung with paying that massive pre pay on time electricity rate.
This is quite similar to the pay on time discount, in that it’s both a motivator for customers and something that makes things easier for your supplier. A direct debit is unlike an automatic or bill payment, in that it will come out of your account whether or not you have money in it. This guarantees your provider gets paid. Some providers combine a pay on time discount with a direct debit discount, so keep an eye out for these types of deals.
Whether you’ve got a pay on time discount, a direct debit discount, or both, these discounts will often not be permanent. A discount benefit period is the length of time these benefits are applied for. Make sure you know exactly when your discount benefit period ends, because people get caught out every day and are lumped with a massive power bill.
Don’t worry, it happens to a lot of people. First thing is to think about why you might not be able to pay it. Have you noticed how big the average bill your receive has gotten lately? Time to think about switching suppliers. Switching to a provider with a sharp rate is a great way to start.
Some people like a bit more predictability and routine in their lives. Bill smoothing is an interesting system where your bills are somewhat averaged out so that they’re similar every billing period. Sometimes they’ll be a little higher than what you used, and at other times they will be a little lower. It will all average out in the end.
Pick up the phone and dial 1300 232 848. Unfortunately for those in WA, we cannot help you into a sharper rate until your market is deregulated. But if you do have mains gas please do call us as we can help just like with internet!
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.