How to reduce electricity rates in Gold Coast
The Gold Coast is a cultural phenomenon. Attracting over ten million tourists each year, the city maintains the status of Australia’s premier tourist destination. An influx of investment over the last few years has made the Gold Coast one of the fastest-growing cities in Australia - and when you consider the local economy, it’s not hard to see why. The Gross Regional Product of the city is estimated at over $38 Billion and the city supports over 300,000 jobs.
This growth has made the city an attractive prospect to outsiders, but has posed a challenge to the businesses that currently operate here. While this influx has brought more customers to businesses, it has also led to overcrowding in the markets. The logistical and financial practicalities of running a business in the Gold Coast has changed forever.
For businesses in the city, one major financial headache is the energy costs. Identifying the cheapest plan can be difficult as each retailer has their own discounts and time-of-day rates. Additionally, the pricing can also be dictated by the location of the business.
If you are a business owner or operator in the Gold Coast, 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 Gold Coast 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 Gold Coast.
Cheap electricity and gas in the Gold Coast
The Gold Coast 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 Gold Coast business a competitive energy solution.
For the Gold Coast, these retailers include:
- Blue NRG
- Energy Australia
- Momentum Energy
- Next Business Energy
- Origin Energy
- 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 Gold Coast
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 Gold Coast 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 Gold Coast, 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 Gold Coast & the QLD area save $$962 per year* by using Make It Cheaper.
Ongoing energy savings for your Gold Coast 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 Gold Coast business today.