Spotlight on energy comparison sites

Energy comparison sites are always preaching the benefits of finding better deals and switching to cheaper energy retailers, but can their recommendations be trusted?

There’s little doubt that these online tools can save Australian households money on their utilities bills. Analysis from one comparison site revealed that, by switching to the cheapest energy plan available, a three-person household (in Victoria) could save up to $1000 per year. If the same household switched last year, that saving would have been $329.

“This goes to show that even if you switched energy providers this time last year, there is a good chance that there is an even better deal out there,” said Mozo Director Kristy Lamont.

“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.”

That’s all well and good, but is there a reason these comparison sites incessantly harp on about switching. Dare we ask what they are getting out of Australian households constantly changing providers?

Well, we dare. So YourLifeChoices ‘sicked’ our investigative journalist Olga ‘Digger’ Galacho onto the case. And what she found out about gas and power comparison sites may shock you …

Related articles:
Devil in the detail: energy plans
How to cut power bills
Addicted to electricity

Written by Leon Della Bosca

Publisher of YourLifeChoices – Australia's most-trusted and longest-running retirement website. A trusted voice on Australia's retirement landscape, including retirement income and planning, government entitlements, lifestyle and news and information relevant to Australians over 50. Leon has worked in publishing for more than 25 years and is also a travel writer and editor, graphic designer and photographer.

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