The Victorian Government has launched a price comparison website to help Victorians save money on their power bills.
Victoria Energy Compare is an independent comparison website that has every generally available electricity, gas and solar tariff on the market, and allows consumers to use their energy usage to find a deal that can save them on their bill.
The average Victorian household spends approximately $2,800 on energy bills every year, which is about 2.3 per cent of average household income and up to about 7 per cent of income for lower income households.
Victorian Minister for Energy, Lily D’Ambrosio, said, “We are working to help Victorian households and businesses save money on their power bills.
“Regularly reviewing your electricity, gas or solar plan is one of the best ways to save money on your bills, which is why we’ve made it easier for Victorians to switch and save with Victorian Energy Compare.”
While regularly reviewing energy plans is one of the most effective ways to save on energy bills, one in three or 32 per cent of Victorians have never switched electricity or gas retailers.
The aim of Victoria Energy Compare is to make it easier for Victorians to review their electricity, gas and solar plans and save money on their bills.
More than 70,000 Victorians have used the Victoria Energy Compare site since it was launched at the end of 2015, with data showing 70 per cent of users can save at least $220 on annual electricity bills and at least $150 on annual gas bills.
For example, across the 13,626 households in Wodonga, Victoria, the local community could collectively save at least $2million on electricity bills alone.
Victorian Energy Compare can be found at www.vic.gov.au/victorianenergycompare.