There are upwards of 30 energy retailers in Victoria, each with a range of offers to choose from. While it can seem complicated, it’s easier if you break it down. There are a few things to consider when choosing your retailer:
- How much energy do you use per day?
- When do you use the most energy?
- Do you want the assurance of a lock-in contract, or do you prefer the flexibility to switch retailers at any time?
- Do you want to support renewable energy generation by purchasing GreenPower?
- Do you want to offset the carbon emissions associated with your energy consumption?
- Do you have solar?
Some questions will matter far more to you than others. To dive a little deeper into a retailers “green” credentials, you could also consider:
- Does the retailer own or support the development of renewable energy generation assets?
- Does the retailer have a history of supporting fossil fuels?
- Does the retailer source energy from fossil fuel sources?
- Does the retailer offer any innovative solutions to support the energy transition?
- Does the retailer support local communities or community energy projects?
- Does the retailer charge a premium for GreenPower?
(Thanks to The Green Electricity Guide, which informed these questions)
The answers to some of these questions will inform your choice of retailer.
The easiest way to compare almost all of the current energy retailers’ offers is by using the Victorian Government’s Energy Compare website, which allows you to choose the features most important to you and select the cheapest offer.
Victorian Energy Compare helps you to compare retail energy offers according to an estimated price you would pay over a year, based on your own actual consumption data. This gives a more accurate comparison than simply comparing the rates and fees themselves.
You can also filter by specific features such as GreenPower, read the fine print, and even begin the process of switching retailers while using the website.
Check out our guide to using the Victorian Energy Compare website.
Better understanding your retailer and your deal is an important step towards stronger energy literacy and awareness. Knowing who’s who in the energy zoo is just part of the picture. Getting to know when your energy is pricey – and why – can influence how you use it. If, as a community, we can all demonstrate this kind of energy awareness, we could see some incredible changes in our energy system!