How to Compare Electricity Providers in the ACT

There are a number of electricity providers in the ACT. Most consumers are on the default market offer, but you can save hundreds of dollars by shopping around and switching to a cheaper plan.

ActewAGL is the largest provider in Canberra, but there are many more options available. There are also ways to save money on energy by choosing greener options, such as solar power.

Compare electricity retailers ACT

The ACT is home to some of Australia’s most competitive energy retailers. However, it’s important to understand your usage and tariff structure so that you can get the best deal on your power.

With regulated ceiling prices, there are still gains to be made by selecting the right tariff for your household. Low usage households will often benefit from low daily supply rates, which can make up a significant portion of your total costs. High usage households are better off looking at the cost of usage, which can also represent a significant chunk of your energy bills.

Each retailer is required to publish Energy Price Fact Sheets, which clearly disclose electricity rates and fees. These are available from each retailer or can be found online. They should help you understand the key terms of your contract, including any guarantee discounts and sign up incentives. Energy Made Easy can help you find the cheapest plan for your situation and usage.

Switch to a cheaper plan

With electricity prices ebbing and flowing, it’s worth comparing plans to ensure you’re getting the best value for your power. While ActewAGL supplies the vast majority of electricity in the ACT, there are still plenty of energy providers to choose from.

Energy providers have different rates, with some offering a single-rate tariff while others provide a time-of-use plan. You can find the cheapest energy plans for your property by using WATTever’s comprehensive comparison, which takes into account usage, discounts, solar feed-in tariffs and input for concessions.

While the average Canberra energy bill is relatively high at $2,004 a year for a 2-person household, there are ways to make your money go further. Taking the time to compare and switch can save you more than you think. You could also consider changing to a time-of-use plan, which rewards you for conserving energy during peak periods. Ultimately, it all comes down to your energy usage habits and what’s best for you and your family.

Understand your property’s tariff

Power bills can be confusing, but they’re a great tool for understanding your energy use and rates. They detail your daily power usage, a supply charge and the tariff you’re on (if applicable). Your ACT electricity tariff could be set as a single rate or include block rates like peak, off-peak or controlled load for large appliances like pool pumps, tumble driers and electric vehicle chargers that are separately metered and tuned to benefit from off-peak times.

Retailers purchase energy in the wholesale market, hedge price volatility, pay for transmission and distribution networks, meter consumption and issue bills. They then offer electricity pricing plans that include costs and generate a profit margin. ACT’s distributor, Evoenegy, maintains 53,000 poles and 2,394km of wires that make up the network. These assets cost money to maintain, but are necessary to ensure your home receives a reliable supply of power. This is a significant component of your electricity bill.

Install solar

If you’re interested in installing solar power for your ACT home, it might be worthwhile to learn more about what makes an energy efficient system. You can also take advantage of current rebates and schemes that make solar panel act and battery storage affordable.

While the majority of ACT electricity is supplied by the government owned and operated ActewAGL, there are more than half a dozen competing retailers offering energy deals. You can save money on your electricity bills by regularly comparing offers from different providers and switching to a cheaper plan. If you have a smart meter, you can even alter your energy usage to save further on your power costs. Smart meters allow you to access tariffs like time-of-use or GreenPower if you choose to sign up to them. This can further lower your electricity bills and provide a higher return on investment from a solar system.



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