New tool helps Victorians save money on power bills

Citizens at the launch
09 November 2015

Victorians at the Compare Energy launchThe Andrews Labor Government is helping Victorians save money on their power bills with the recent launch of a new online comparison tool Victorian Energy Compare.

Launched last month by Minister for Energy Lily D’Ambrosio, the tool allows Victorians to enter in details from their smart meter or a recent bill and some information about their energy usage to find the best generally available offers.

Of those that have already used Victorian Energy Compare to compare offers, 90 per cent have found electricity offers that could save them money, with half of the users finding offers that could save them more than $330 per year.

Figures show that the average Victorian household spends about $2,800 on energy bills every year, which represents up to about seven per cent of income for lower income households.

Despite the fact that regularly reviewing energy plans is proven to be one of the most effective ways to save on energy bills, one in three (32 per cent) Victorians have never switched electricity or gas retailers.

Victorians can start saving money on their energy bills by grabbing a recent electricity or gas bill and visiting www.vic.gov.au/victorianenergycompare to compare, switch and save.

Victorian Energy Compare is the only independent comparison tool in the market that has every generally available electricity, gas and solar tariff and lets Victorians use their own energy usage to find the deal that can save them the most on their bill.

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