Energy price reprieve: Victorians to save hundreds thanks to power rebates
Summer just got a whole lot cooler for thousands of Victorians after a new deal was struck between the Andrews State Government and major energy providers - AGL, Origin and EnergyAustralia - promising energy bill savings of up to $720 for customers on standing offers.
The big win came for concession holders who are currently on a standing (non-discount) offer from one of the three providers with savings ranging from $254 to $720, while non-concession holders could see between $250 and $440 slashed from their energy bill.
Announcing the deal yesterday, Victorian Premier Daniel Andrews said that the rebates would level the playing field for approximately one in ten Victorians.
“This makes things fairer for the one in ten Victorians who are on costly default energy deals and are paying too much for their power,” said Andrews.
“It will make a real difference for families across Victoria – saving them money and making their lives easier.”
The rebates come just one week after the latest analysis of the Victorian energy market revealed that gas and electricity prices had risen by 16% and 5% respectively over the past 12 months, providing much needed reprieve for customers who aren’t eligible for energy discounts.
By putting together this deal with AGL, Origin and EnergyAustralia, the State Government estimates it has given 92% of the Victorians currently on a standing offer an opportunity to save.
And Energy Minister, Lily D’Ambrosio promised there’s more to come across the state ahead of what is set to be another sweltering Aussie summer.
“This is a major win for Victorians and there’s more to come, with further measures being considered to make our energy sector fairer for families across the state,” she said.
For Aussies in other states or customers currently on a discounted energy plan, Mozo has some good news - you could make savings on your summer energy bill by switching today.
“Don’t resign yourself to shocking energy prices. Our research shows that many households can actually offset their bill increase and still have savings to bank by switching to a cheaper energy plan,” said Mozo Director, Kirsty Lamont.
While nationwide electricity bills have risen by 29% over the past year, so have the potential savings on offer to Aussies, with Victorians in particular, able to make savings of up to $929 by switching to the cheapest energy plan on the market.
To start comparing a range of plans available to you in your state, head to Mozo’s energy comparison tool.