Does it seem like your power bills are hitting your hip pocket harder than before? It’s not just your imagination.
A new report from St Vincent de Paul^ has shown that for Victorian households, the average market offer electricity bill has jumped by $35 in the past 12 months, to a whopping $1,585. But the good news is with big power bills, comes the opportunity for big savings.
According to the report, a Victorian family using the average 4,800 kWh each year stand to save as much as $2,110 - $2,675 a year on their bills by switching from the worst standing offer available to the best market offer.
If you’re already on a market offer, it could be possible to save between $700 and $960 a year by switching from the worst to best offer.
“Switching your energy provider is a fairly simple process and can mean massive savings. It’s well worth the time to compare your options and see if there’s a better deal out there,” says Mozo Director Kirsty Lamont.
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