General
Australians are missing out on $500 million in electricity savings by failing to shop around
The price of electricity is falling, but households are missing out on $500 million in savings by failing to switch to a cheaper deals, new analysis shows.
Key points:
- South Australians can save up to $200 a year by seeking out the best power prices
- Consumers should check Government website Energy Made Easy to compare energy prices
- Moves are being made to simplify energy bills, to help customers understand what they’re paying
St Vincent de Paul Society examined household bills in Victoria, NSW, Queensland and South Australia and found they were paying up to $200 a year too much for their electricity — despite the fact energy prices are falling.
Gavin Dufty, manager of policy and research at St Vincent de Paul Society, said up to six million…
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