Immediate cuts to power bills

Several power companies have committed to passing on savings to long-time customers.

Immediate cuts to power bills

Following political pressure from the Coalition government, several electricity companies – including the big three – have committed to passing on savings to long-time customers who are on less favourable terms than those who actively shop around.

"Almost a million hard-working Australians, who have remained loyal to their energy retailers, have been paying the highest electricity prices on the market, known as standing offers," said Energy Minister Angus Taylor.

Savings in New South Wales are expected to be between 10 and 15 per cent on average, while in Victoria, savings will be between 10 and 35 per cent on average.

Additionally, a new set of regulations on the energy industry is expected to reduce energy price gouging through comparison websites. Companies selling electricity in New South Wales, south-east Queensland and South Australia are now required to publish every offer they make to new customers on the Australian Energy Regulator's new price comparison website, Energy Made Easy.

This initiative has been implemented to try to combat the number of 'free' comparison websites offering deals from as few as three competing retailers. Some of the time, this results in users committing to contracts that are higher than those on offer from other operators, and higher than if they went directly to the company they are signing up with through the comparison website.

Victoria implemented a similar website last month, the Victorian Energy Compare website.

Have you shopped around for your energy deal? Did you use a comparison website? Are you sure you are getting the best rate available?

RELATED ARTICLES





    COMMENTS

    To make a comment, please register or login

    10th Jan 2019
    10:23am
    Well done this government
    Will help retirees a great deal
    Karl Marx
    10th Jan 2019
    11:38am
    Well done the ALP, Greens & independants for pressuring the current government to take action
    Will help retirees a great deal
    Greg
    10th Jan 2019
    11:49am
    Well done to the government???

    For what, this is not about reduced prices it's about different plans available already that consumers could be on but haven't bothered or didn't know they could change to.
    Anonymous
    10th Jan 2019
    12:31pm
    Quit trolling, Lothario.
    GeorgeM
    10th Jan 2019
    1:17pm
    No it won't help retirees, except those who have been too lazy to even lift up the phone and ask for better deals. No way those people will ever go to a web site anyway.

    The key action needed was to bring DOWN the base prices NOW, after many years of massive, rather ridiculous, price increases to make our prices some of the highest in the world! This Govt made lots of noises, but are NOT using the massive resources of Coal, Gas and Uranium as was expected of them. Too much subsidies have gone to the renewable sector and must be scrapped. Privatisation has also seriously blown up prices with many CEOs Bonuses being the priority for the energy sector. Disgusting actions by BOTH major parties (not even worth mentioning the Greens who started the price blow-ups by forcing Gillard (sold us out) to introduce the carbon tax). Vote all these 3 Major parties OUT!
    Lookfar
    10th Jan 2019
    1:33pm
    Hang on there George, The Australian Energy Market Operator, (AEMO) warned late last year that electicity prices would fall this year because a large tranche of Renewable Energy projects were completed and being connected. - Actually I posted it on YLC, warning folk that the Govt would try and take credit for it so don't think even for a moment that this is being achieved by the current Government, it has been already achieved by a series of Wind Farms and Solar projects just connected, and in fact had the Govt had control of the Senate those projects would not have happened.
    Coal costs more than Renewables because renewables don't need any fuel, - pretty obvious I would have thought.
    GeorgeM
    10th Jan 2019
    8:46pm
    If you believe that prices will fall (trusting AEMO's reasoning), then good luck! I don't!
    Too much Taxpayers money has gone into Renewables - must STOP. Let the industry fund itself! Renewables have benefits, but NOT as reliable base power or for lower prices.
    KB
    10th Jan 2019
    11:19am
    I took up the South Australian state government offer with Origin Energy. Much better off with cheaper electricity charges no late payment fees no contract. Good idea to have a main source to compare energy offers. Often confusing . and hard to understand, The elderly need help in understanding any offers . They could cod with an advocate to help explain offers whether it be telecommunications or utilities so they are not being ripped off
    Misty
    10th Jan 2019
    11:40am
    Why would the elderly need help in understanding offers?, maybe some do who are not computer literate but most of us surely can ring around or check websites ourselves, I am 81 and do not find it a hassle, have changed providers often when I can get a better deal.
    Greg
    10th Jan 2019
    11:55am
    Misty - not all you elderly people are capable of understanding these things. My MIL who's 84 now but the same for many years previously has no idea about different offers available. She stays with the same insurance company. telco, gas, electricity she always has. If you mention to her about better plans/prices elsewhere she glazes over, just assumes she's getting a good deal because she's been with them for a long time - you just can't tell her.
    Sundays
    10th Jan 2019
    1:56pm
    No Misty, you’re not the norm for people over 80. Pretty amazing actually
    Troubadour
    10th Jan 2019
    11:26am
    What about WA we are still stuck with the one Electricity Company, and have therefore been with them for decades. How do we fair?
    HDRider
    10th Jan 2019
    12:33pm
    WA haas always been ok, we just returned from my friends son's. His bill is usually $20 to $40 a time that's having les than a dozen dollar panel's!
    I was always happy with western power in my 40 years in WA.
    Come over to tasmania and see how these bums at Aurora are ripping the people off!

    10th Jan 2019
    11:29am
    So sick and tired of this monumental rip off by all these companies, this industry needs to be a complete overhaul, re-regulated and taken back by govt at force if need be, these piddly adjustmenst here and there are still a waste of time.
    Anonymous
    10th Jan 2019
    12:33pm
    Better yet, a Royal commission into the entire sector...
    GeorgeM
    10th Jan 2019
    1:22pm
    100% agree with both comments. Also, MUST use all Resources we have (Coal, Gas and Uranium) to provide the CHEAPEST power in the world, instead of the most expensive!
    Rae
    10th Jan 2019
    1:43pm
    I think you'll find the free trade deals make denationalisation impossible. Certainly WTO forbid the idea. It's all about the Corporations now. Only they deserve to prosper and profit according to those in control.
    Karl Marx
    10th Jan 2019
    11:37am
    Well done the ALP, Greens & independants for pressuring the current government to take action
    Will help retirees a great deal
    Anonymous
    10th Jan 2019
    11:52am
    Leftie troll
    Karl Marx
    10th Jan 2019
    12:02pm
    Righty troll,
    Anonymous
    10th Jan 2019
    12:34pm
    The incoming ALP will sort out the power sector and put Rightards in their place.
    GeorgeM
    10th Jan 2019
    1:29pm
    ALP and Greens will definitely stuff up the people further in this area, with their huge 50% renewables target (which will destroy industries and put electricity out of reach for regular usage), and their moronic opposition to use the massive Resources we have (Coal, Gas and Uranium) which is our massive STRENGTH. Expect a Recession!

    Expect also to see a "Yellow vest" movement here if (as expected) ALP get in. Worse (maybe a revolution) if Greens get to have the balance of power (as they did with Gillard for the carbon tax).
    Jim
    10th Jan 2019
    1:31pm
    Yes you are right, the incoming mob will sort it out, just as an aside I have a second hand bridge for sale if you are interested, it currently goes across a quite famous harbour.
    Karl Marx
    10th Jan 2019
    1:36pm
    You are behind the times George M. Most countries already see the future benefit of renewable energy & are investing in them & winding down coal generated power. Renewable energy WILL become cheaper as we advance technology which will also create new jobs.
    What needs to happen is the government builds the renewable industry & not privatise it like they have.
    Our planet & will also benefit with less pollutants etc.
    Rae
    10th Jan 2019
    1:47pm
    Yes Jim and I'll throw in a rather lovely harbour side building with sails suitable for concerts or conversion to an air b&b.

    1984 I object to public money being used to build assets for private business interests. Governments can't resist selling off assets.

    Let the private sector build the renewable industry and recoup the costs through sales pf power.
    GeorgeM
    10th Jan 2019
    8:54pm
    1984, doesn't THAT sound behind the times! Around 400 Coal-fired power stations are being built around the world - China, India, Japan, Indonesia, many others leading the charge. While we foolishly shut down these power stations without building new ones - in spite of having massive coal resources here. Only a MORONIC country would destroy it's own prosperity by not using it's own advantages and sending electricity prices through the roof.
    Yes, it's good to reduce pollutants - however Rae has put it exactly right - let the private sector fully fund it with no public money being used for them.
    Misty
    10th Jan 2019
    10:36pm
    George M Canada is one country that plans to have all its coal fired power plants phased out by 2030.
    Karl Marx
    10th Jan 2019
    10:38pm
    Coal fired energy is being wound back & more countries are investing in renewable energy.
    The Nanticoke Generating station in Canada was once the world's largest coal plant, but it's about to to go all solar to move energy system away from fossil fuels, toward energy efficiency and sustainable energy sources, and finally put people before the profits of polluters.
    Link explains more.
    https://www.facebook.com/berniesanders/videos/200772637506771/UzpfSTE1NzgyMTc2NzQ6MTAyMTYwOTA5MTg0NTcyMzg/
    Rae I didn't say for the government to build a renewable industry for the private sector. Build them as a national asset never to be sold off in direct competition with the private sector. See how long they last with gouging money from Australians which, by the way also helps to up the price of everything you buy from food to appiances etc.
    Misty
    10th Jan 2019
    11:45am
    All governments are at fault to a certain degree for the high cost of energy these days, both State and Federal Govts can share the blame.
    Anonymous
    10th Jan 2019
    11:53am
    Those governments buying votes on the glabal warming renewable energy hoax are most to blame
    Karl Marx
    10th Jan 2019
    12:35pm
    global warming renewable energy is far from being a hoax. It's reality so get with the times & the truth
    Anonymous
    10th Jan 2019
    12:36pm
    Blame the COALition governments for this debacle.

    @Lothario. Only Right-wing morons don't believe the overwhelming physical evidence that supports anthropogenic climate-change. And renewable energy is no hoax: solar panels work.
    Anonymous
    10th Jan 2019
    12:37pm
    Ignoramus
    Karl Marx
    10th Jan 2019
    12:38pm
    Bullshit artist Lothario at it again
    Retired Knowall
    11th Jan 2019
    11:39am
    So why is Labor supporting the Adani Mine?
    Adrianus
    15th Jan 2019
    10:38am
    An order came down from the CFMEU head office.
    Greg
    10th Jan 2019
    11:50am
    "Victoria implemented a similar website last month, the Victorian Energy Compare website."

    Last month???, I'm sure I used this site back in May 2018.

    10th Jan 2019
    12:30pm
    The rot set in under the Lieberal vermin. The incoming Labor government will sort the industry out.
    Anonymous
    10th Jan 2019
    12:32pm
    In your dreams
    Get ready for a massive recession
    Karl Marx
    10th Jan 2019
    12:37pm
    In your dreams oh rightie troll,
    HDRider
    10th Jan 2019
    12:37pm
    How naive to say such nonsense! The labor Jackals will further stuff our great nation their half baked policies!
    Blame ALL political parties for the shit we are in, because that's the truth.
    Anonymous
    10th Jan 2019
    12:38pm
    If we have a recession, it will have been caused by the economic incompetence of successive LNP governments. Labor saved us from the GFC.
    Jim
    10th Jan 2019
    1:39pm
    Again with the myth Labor saved us during the GFC. Where did the money come from oh that’s right it was left to them by the Howard government, then immediately set about putting the country in debt, naturally the debt increased under the LNP it had to just to service the debt Labor created, never mind Labor will have a decent war chest to waste as soon as they get in.
    Adrianus
    10th Jan 2019
    5:54pm
    Tony Abbott made the mistake of telling Julia Gillard "what the government legislates the government can dismantle" or words to that effect. Those words encouraged the Labor government to legally tighten forward spending commitments and create new ones. There was only a small portion of the fed budget that could be changed. Tony Abbott must have been steaming under the collar when his government sent the balance of $500m to the Global Education Fund and other funding commitments which we were paid for on more borrowed funds. The effects of the GFC were only felt in Australia during 2010 and much of it was orchestrated by an incompetent ideological government whose main priority was sorting out who was in charge.

    There is nothing wrong with a recession but Labor didn't want to be known as having another one on their watch. So Australians paid a massive price for their political history.
    Misty
    11th Jan 2019
    12:05am
    In your dreams Lothario?, you will be the one having nightmares.
    Lookfar
    10th Jan 2019
    1:30pm
    Hang on there Lothario, The Australian Energy Market Operator, (AEMO) warned late last year that electicity prices would fall this year because a large tranche of Renewable Energy projects were completed and being connected. - Actually I posted it on YLC, warning folk that the Govt would try and take credit for it so don't think even for a moment that this is being achieved by the current Government, it has been already acheived by a series of Wind Farms and Solar projects just connected, and in fact had the Govt had control of the Senate those projects would not have happened.
    Anonymous
    10th Jan 2019
    1:33pm
    Don’t be daft
    Renewable energy costs a sh$tload more to produce and is costing the taxpayer billions in subsidies
    Energy companies are taking a profit cut forced on it by their government
    While I disagree with this policy , it will benefit low income and pensioners nonetheless
    Lookfar
    10th Jan 2019
    1:38pm
    Why then Lothario is the coal industry in America being replaced by Wind, - no subsidies on wind, only subsidies on coal and Nuclear, and Nuclear stations closing down early too, - costs too much to run them even though the Govt paid to build them.
    You need to get out andabout and look around, no future in staying a dinosaur.
    Anonymous
    10th Jan 2019
    1:40pm
    Stop reading and believing your greenie / leftie websites
    You sound ridiculous
    Rae
    10th Jan 2019
    1:51pm
    Yes Lookfar and at least American Companies build their own businesses and don't expect the Government to do it for them. They even build their own tollroads and airports and rail lines too. It's called private enterprise.

    No not public/private partnerships of public money to build private business for private profiteering.
    Rae
    10th Jan 2019
    1:39pm
    I wonder how much money Governments and other organisations are wasting on this issue. Wasn't this privatisation supposed to result in so much more efficiency and lower prices.

    Wasting money writing reports about how to fix the mess which thanks to free trade agreements is now unfixable is crazy.

    Turn off the lights and learn to do without air conditioners and heaters might be best now.

    I'm still waiting for that $550 so good luck with this. I might congratulate them if a promise is ever kept.
    Misty
    10th Jan 2019
    4:34pm
    Yes Rae, what ever happened to lower energy prices promised when the Coalition got rid of JG'S Carbon Tax?, prices have gone up not down, says a lot for TA'S promises doesn't it.
    Chris B T
    10th Jan 2019
    3:13pm
    Point of Reference Is Tariffs Price Point. The movement of a few cents, yes helps a little for most.
    The Huge Increase In Standard Meter Fees of Various Types and Addition of Some New Ones.
    Then GST on Top.
    These Standard Fees are The Ones That Hurt The Most as they are uncontrollable for The Consumer.
    Rae
    11th Jan 2019
    9:03am
    Keeping dozens of CEO retailers in business mode with all it's first class travel, luxury car leases and salaries and conditions was never going to be efficient nor lower prices. Then there are shareholders to pay as well.
    Adrianus
    10th Jan 2019
    3:45pm
    Only a Coalition Government could have delivered on this.
    However, I suspect they haven't had the same positive result with Labor state owned power where consumers have no choice of provider. How did they go with The QLD Labor owned Ergon Energy?
    Misty
    10th Jan 2019
    4:36pm
    Delivered what Adrianus?, we have only had higher energy prices ever since the Coalition came to office.
    Greg
    10th Jan 2019
    5:15pm
    Delivered what - you're another one who doesn't understand.

    There are no cheaper prices, the plans have always been there but people don't bother or know to look for them. Or they see the ads for 40% discount when paid on time but the 40% discount is off a higher base figure so can actually be more expensive.

    All that's happened is the electric companies are going to let people know about cheaper plans that are available, if you do nothing about changing you DO NOT get any cheaper electricity.

    And like Misty said prices have been rising over the Libs terms and Tony Rabbit said the price hikes were due to the GST, crap, still waiting for that $500 odd dollar fall in prices.
    Adrianus
    10th Jan 2019
    5:38pm
    I'm only reading the YLC article. If you two have a problem take it up with Drew.
    Greg
    10th Jan 2019
    6:16pm
    So you admit you have no idea about all this, typical, and you flap your gums about a lot of crap on here which. most likely, you know little about either.
    Greg
    10th Jan 2019
    6:23pm
    You said you read the YLC article, did you read the very first paragraph?

    "Following political pressure from the Coalition government, several electricity companies – including the big three – have committed to passing on savings to long-time customers who are on less favourable terms than those who actively shop around."


    "customers who are on less favourable terms than those who actively shop around"

    You need to shop around and you can get a better deal then those who stay put and don't check what's out there. No new plans, no new prices. Make yourself aware of what's going on in the world before commenting with your Lib dribble.

    Obviously you're one of the fools who hasn't looked at other plans/companies to see if you could save money. I guess the typical Lib voter is too well off to worry anyway.
    Adrianus
    11th Jan 2019
    7:49am
    Greg, you seem angry and upset that some people will get a cut in their power prices? LOL
    This is how Bill Shorten is working your kind over, by appealing to your strong sense of greed.
    I can so easily flush out your kind LOL
    Have a nice day!
    Greg
    11th Jan 2019
    12:15pm
    Adrianus - Your comprehension skills are lacking, why would I be upset, I've compared plans back in May '18 and on the best one available already.

    My comment was about your lack of understanding of an issue yet you make ridiculous comments and give the impression you know what you're talking about.

    And not just this issue, many, many times you rabble on and it's obvious you're not fully aware of the facts. Read mate, become educated and you may comment when you have more knowledge.
    Adrianus
    12th Jan 2019
    11:52am
    Resorting to personal attacks because of a failed argument is the bastion of a complete idiot.
    If I have given you the impression that I know what I'm talking about then I have proved my point that you and your kind are fodder for the fake concern expressed by some politicians.
    Greg
    12th Jan 2019
    12:46pm
    Hahaha.....you really have some issues don't you, your ego is out of control.
    "If I have given you the impression that I know what I'm talking about then I have proved my point....."

    Where in hell did I say you knew what you're talking about, mate you've lost it. Have the meds and a lie down. Hahaha
    floss
    10th Jan 2019
    4:35pm
    This will never happen, my account is slightly up.But high prices is what the LNP. are all about they look after their so called mates.
    Charlie
    10th Jan 2019
    4:59pm
    I don't believe it until they say the amount. It can be a cut so small that it will amount to one cup of coffee a week.
    Chooky
    10th Jan 2019
    6:24pm
    You’re smart. There’s nothing to believe. Prices continue to increase. So tired of this government and their propaganda.
    Chooky
    10th Jan 2019
    6:23pm
    What a crock. Email telling me my charges are increasing by 10%. This government thinks if it states prices are down we will believe it. Power prices continue to go up, up, up.
    Greg
    10th Jan 2019
    6:31pm
    They're talking about looking at the other plans your company may have or comparing to other companies - there's a lot of people who don't know or can't be bothered to check elsewhere for a better plan.
    So yes there are no new plans with better prices, the plans have always been there, you just need to look.
    Adrianus
    11th Jan 2019
    7:54am
    Funny how all the Labor/Greens/ Independent voters have rising power prices? Is that a coincidence? I realise this great work by the federal government will not work for those in areas where power is controlled by Labor state governments, because of their contract with the Greens to make prices high.
    Misty
    11th Jan 2019
    9:36am
    What have you been reading or Googling Adrianus?, what rubbish you write here, but if you want to believe this dribble I won't disillusion you.
    Karl Marx
    11th Jan 2019
    2:52pm
    Adrianus needs to take his meds, he's off with the fairies as usual.
    Adrianus
    12th Jan 2019
    9:17am
    So you think Labor's mining tax which collected no tax was because they were stupid or were they trying to placate both the Greens and the Miners at the same time?
    MICK
    10th Jan 2019
    8:22pm
    This is the next episode in getting this rotten to the core government back into office. Expect a lot more.
    Lookfar
    11th Jan 2019
    10:43am
    There are many people in this discussion speaking politics, not facts, Renewable energy used to be more expensive than coal or Nuclear, and app 3 years ago one came across experts saying they were approaching parity, - but they were already cheaper then, and much cheaper now, - this has nothing to do with politics, it is just facts, - look up American Coal fired Plants closed, or such, - interestingly in america the number of coal fired power stations closing last year has fallen, - because the majority have already closed..
    - I posted an announcement of the AEMO, that prices would be falling because of more renewables coming on line, - several die hards simply ignored it, - come on Rae, Lothario etc, - this is a conservative Government department that runs electricity distribution in east Oz, they are not bruiting opinions, just stating iron clad facts, you can't just ignore them because your political beliefs rule your mind otherwise you could be genuinely classified insane.
    This is not America, perhaps YLC could help us all get educated about this whole realm of renewables, coal fired costs, etc, - things have changed, whatever different points of view about subsidies etc, the cost of renewables have dramatically fallen, - it is just logic, then to see that a solar panel produces power every day, but a big chunk of coal can only be burn't once, then you have to go and dig up another one, and when it is burnt, dig up another one, each time paying for it, - each time, - every time, whereas the wind blows where it listeth but with wind turbines so high they are getting 80% capacity, there is NO way coal can compete, - it is just simple economics, not opinion.
    musicveg
    11th Jan 2019
    1:53pm
    People also need to consider who owns the energy company that you are signing up for, I switched to Red, they are 100% Australian and it has been cheaper for me. I think the main reason of electricity being expensive is simply the greed of the energy companies, they can lower prices any time they want but will milk the people as much as they can.
    And can we stop making everything political, and renewable s verses coal, this is not getting us anywhere trying to prove who is right or who is wrong. We just had the hottest year on record and we need to clean up the pollution from industries, the air is full of pollutants.
    Lookfar
    11th Jan 2019
    9:23pm
    Renewable energy has never been cheaper, yet 2018 will be a record year for carbon emissions, underscoring the urgency of scaling up technology and business models for a low-carbon revolution in the energy sector to stop climate change.
    Musicveg, you don't want to clarify the truth about the Renewable answer? tough titties, put up with Pollution, and let go of any thought to help your grand children survive!!
    musicveg
    11th Jan 2019
    9:38pm
    You misunderstood me Lookfar, if you remember my previous posts on topics like this I am all for renewable, I am just sick of the arguments on this site. I too am aware that the pollution part is being ignored, so many toxic chemicals. I have a young son and no grandchildren and I do worry about the future a lot. The only thing I feel empowered to fix is my own health and it is why I believe we need renewables, clean air, ban toxic chemicals, stop polluting our water, and more, so much work has to be done and don't worry the next generation are on to it big time, we just don't here about it here.
    Misty
    11th Jan 2019
    9:39pm
    A strange thing happened today, I actually received a phone call from Origin Energy asking me to go back to them, I had joined up with Dodo last month but Origin agreed to match their offer so I have gone back to them, first time this has happened as I have left Origin twice before but they never asked me to go back until today.
    musicveg
    11th Jan 2019
    9:46pm
    Misty, they are a bit like Telcos these days, I cannot tell you how many times Telstra phone me up and I have not been with them for about 7 years or more.

    I am still waiting for my previous energy supplier to get in touch but obviously they cannot do better than Red.
    Lookfar
    11th Jan 2019
    9:47pm
    Misicveg I am aware of your past thoughts on this matter, but I know there is nothing to argue about, Renewables are cheaper, - all over the world people have woken up, opposed by the multinationals at every step, - time is running out, no time to indulge the Lotharios etc, any more, they have no idea, they do not know they are trying to kill us, and themselves, - plain speaking is required imho.

    Cheers,
    Geoff.
    musicveg
    11th Jan 2019
    9:52pm
    I agree, things are happening on a scale like never before, even New York is pledging to go renewable, big cities all around the world, exciting times, I guess with any change there are always those who oppose change even if it is for the better.
    Misty
    12th Jan 2019
    12:22am
    Yes of course the climate is changing, how can you have all these cars, bikes on the road, boats, ships, aeroplanes etc, factories pumping out pollution, population increasing and it not harming the atmosphere?.
    Adrianus
    15th Jan 2019
    10:45am
    Al Gore often notes that his homes are environmentally friendly, but Johnson says his study proves otherwise. The 33 solar panels Gore installed in Nashville produce only 5.7 percent of the home's annual energy consumption while about 3.2 percent more is off the grid, generated by wind and solar, with a bit more coming from hydro-electric dams, he says.
    "Even with the greatest benefit of the doubt, you could say he gets to about 20 percent in clean energy, nowhere near the 100 percent he has claimed in the press," said Johnson, who is scheduled to appear Wednesday on Tucker Carlson's show on the Fox News Channel.
    "It's frustrating if you're an environmentalist because Gore sets himself up as a prophet — but he's actually a fraud and a charlatan," Johnson said.
    Gore was not available for comment.
    Johnson said Gore pays about $22,000 in annual electric bills for his Nashville home, not including $432 a month he pays for carbon credits, consisting of money that goes to the Tennessee Valley Authority to fund alternative energy initiatives.
    "You've got to ring the bell of hypocrisy here," says Johnson. "It's like a religious leader cheating on his wife."