How to reduce electricity rates in the ACT
Home to the federal government and some of Australia’s most notable national monuments and museums, the ACT is not short on economic, political, or cultural, significance to Australia’s identity. Economically, the state supports over 220,000 jobs and boasts an annual economic output of $74 Billion. Public Administration & Safety provides the highest contribution to ACT’s economic output, and is also the state’s highest employer – providing over 73,000 jobs.
The image ACT projects has shifted in recent years, as Gross Regional Product and population numbers have steadily increased. Once dismissed as a political pocket of New South Wales, the state is now attracting tourists and investors alike due to its thriving industry sectors and cultural attractions.
While this growth has made ACT an appealing prospect for investors, it has created a challenging environment for the businesses that already exist here. The markets are now overcrowded, leaving these businesses to navigate a logistical and financial nightmare.
Part of this nightmare is the energy costs the businesses are facing. Trying to identify the cheapest plan is difficult as each retailer sets their own discounts and time-of-day rates. The location of the business can also dictate the pricing.
If you are a business owner or operator in the ACT, you are likely to be facing increased operating costs that can impact your bottom line. If your electricity and gas costs are causing you pain, read on to find out how to find a cheaper energy plan.
Business energy plans compared
Comparing business energy plans is the easiest way to find cheaper electricity and gas, but the process can be complex and time-consuming if you aren’t experienced in researching providers and identifying competitive plans.
Adding to this, there is lots of media hype that adds to the confusion, you may have heard about the Default Market Offer? If so read on to find out more.
Since July 1, the 2021 DMO (Default Market Offer) which was set by the federal government, means energy retailers in NSW, SE QLD, and SA must cap their rates for customer’s who have failed to shop around and are no longer on a competitive market rate
However as AER Chair Clare Savage said, ‘’The DMO is not designed to be the most competitive deal but rather it is a safety net for customers who don’t or can’t shop around when it comes to their electricity contract’
The energy experts at Make it Cheaper have analysed all of the plans available to our ACT business energy customers and has found that market offers can be up to 30 per cent cheaper than the DMO offer.
For business owners wanting to quickly reduce their electricity costs, now is an ideal time to get a FREE energy health check to see if there is a better plan for you.
Make It Cheaper will take care of all the research and comparison work to find what available better deals there are compared to your existing plan, so you can focus on putting money back into your business and hours back into your day.
Let’s look at some of the business electricity and gas providers in the ACT.
Cheap electricity and gas in the ACT
Brisbane businesses are paying too much for their electricity bills. Since July 1, some retailers have reduced their rates to offer better deals to new and existing customers -which means now is the perfect time to find cheap electricity and gas for your business.
Make It Cheaper provides energy comparison & tendering services through multiple retailers to find your ACT business a competitive energy solution.
For the ACT, these retailers include:
- Blue NRG
- Energy Australia
- Momentum Energy
- Next Business Energy
- Origin Energy
- Power Direct
- Simply Energy
- Smartest Energy
Each retailer is unique, with different tariffs and discounts better suited to certain energy customers. Make It Cheaper considers the following when finding you cheaper electricity and gas:
- How much electricity or gas you use
- The time of day you use your energy
- Where your home or business is located
- Whether you are a residential, business, or commercial energy user
- Whether the retailer offers carbon-neutral options
- Whether the retailer offers solar feed-in tariffs
Even if one retailer is offering great value for one customer, they aren’t necessarily competitive for another. The Make It Cheaper energy experts understand your business and energy requirements so they can present the most suitable offers and find you the greatest savings.
Free electricity comparison the ACT
With 80% of Aussie businesses overpaying on energy^, and July 1 marking the arrival of new, competitive energy offers from retailers across Australia, it is the ideal time for your business to minimise costs and overheads with a 10-minute electricity comparison.
Reduce electricity costs for your ACT business
If you’d like to see if you can reduce electricity costs for your business, the Make It Cheaper energy experts can help in just 10 minutes by comparing the energy needs of your business with available energy plans.
If your business is in the ACT, they can identify cost-effective business energy providers to help save your business money, and will also set up your energy contract in just one call to ensure the transition is as smooth as possible.
How much could you save if you reduce electricity costs?
On average, small business customers in the ACT & the QLD area save $992 per year* by using Make It Cheaper.
Ongoing energy savings for your ACT business are also simple to obtain thanks to DiFY - a free service that helps you find and keep competitive energy rates. Two months before your contract is about to end, DiFY reviews the market to find a competitive new plan and prevent you from rolling onto often expensive default offers.
Business energy savings for large market or commercial energy users
Alternatively, you might be a large market or commercial energy user.
Your business will generally fall into this category if you:
- Use 100 MWh or more per year, or
- Spend approx $2,000 per month or more on your energy bills.
Your energy bill should also provide information on whether you are a ‘small’ or ‘large’ consumer. Small business energy bills will have a similar appearance to a residential energy bill, whilst large market energy bills may include various other charges, such as:
- Energy Charges
- Network Charges
- Environmental Charges
- Regulated Charges
- Metering & Services Charge
- Retail Service Charges
With commercial energy rates at a 4 year low, if you are a commercial energy user, you’ll want to try to lock in the current competitive rates available to large market energy users ahead of time to help with budget forecasting and reduce your business energy costs.
The commercial arm of Make It Cheaper, MIC Energy Brokers, can simplify the often-confusing world of large market energy, considering your long- and short-term business goals when going out to tender on your behalf to secure you a future energy contract with competitive rates and flexible terms that work for your business.
The MIC Energy Broker team provide you with a comprehensive and fully transparent Tender review that will take into account our expertise with:
- Tariff Analysis
- Bill Validation
- Market Insights
- MultiSite consolidation
Free Energy Health Check
Regardless of if you are a small or large market energy customer, simply leave your details now for a FREE energy health check and find out if there are cheaper electricity, gas or solar feed-in tariff options available for your ACT business today.