Published on January 4, 2018 3:46 am, by Jen Bakker
Working out your options for electricity providers isn’t always simple. In QLD your location changes your options significantly. In South East Queensland the competition is fierce, so you can save big just by understanding your meter type and the plans available. Outside of South East Queensland energy prices are regulated, this means your opportunity to shop around for savings is limited.
South East QLD
From 1 July 2016 electricity prices were no longer regulated in South East Queensland. Retailers now set and publish their market and standing offers online and on Energy Made Easy, the independent price comparison site. This encourages retailers to be more competitive and consumers to shop around, and understand the plans available to them.
There are now more than 300 Electricity plans in South East Queensland. It’s no surprise that people get overwhelmed with the information and their choices. Here we will share information to help you understand your electricity options, including a list of retailers, the plans and tariffs available, and finally how you can source the cheapest prices for your plan type and usage, in your area.
Retailers in South East QLD
There are 17 retailers that currently offer residential electricity plans in South East Queensland. These are:
Tariff types in South East QLD
Tariff 11: Single Rate (also referred to as Peak Only or Anytime)
Tariff 12A: Time of Use
Tariff 14: Demand
Tariff 31 and 33: Controlled Loads (also referred to as Dedicated Circuits, Economy or Guaranteed Limited Supply)
Tariff 31 and Tariff 33 are always combined with other tariffs and can be used to reduce your electricity bills by ensuring you are running certain appliances outside of peak times.
Different types of discounts
Pay on time discount
Direct Debit discount
Things to know about your discounts
How to find the cheapest plan in South East QLD
There are a variety of ways to find the lowest cost plan in South East Queensland. The Energy Made Easy site is a good starting point to compare. If you want it to be easy, MoneyBrilliant offers a Bill Watch service to their customers. All you need to tell us is your postcode and average usage, and we will tell you the 3 lowest cost plans available for your usage details.
Outside of South East QLD
Electricity prices in Regional Queensland are regulated and set annually by the Queensland Competition Authority (QCA).
This means that customers don’t have the opportunity to source lower prices through competition. The Queensland government subsidises the cost of supplying electricity outside of South East Queensland by making payments to Ergon Energy.
Retailers in North Queensland include Sanctuary Energy, Momentum Energy & Ergon Energy Retail. Prices offered by the retailers are very similar as they need to adhere to the prices set by QCA.
Saving money on your electricity bill
Due to the lack of competition in regional and rural Queensland, reducing costs for electricity comes down to your eligibility for a subsidy and knowing how you can reduce your bill by changing your usage habits.
Check here to see you if you are eligible for concessions:
Tips for reducing energy consumption around your home
Resource: Queensland Government, Department of Natural Resources, Mines and Energy
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.