Why it’s important to stay on top of energy deals

Energy bills - they’re one of those unavoidable parts of modern life. Whether you’re living in the suburbs of Brisbane, the heart of Melbourne, or out in regional WA, staying connected to power is essential.

And while recent government energy rebates, like Queensland’s generous $1,000 energy credit, are a welcome relief, it’s still crucial to make sure you’re on the best deal possible.

Let’s be clear: a credit is not a substitute for a good energy plan. It’s a boost; not a solution.

So, if you’ve been letting your electricity bills roll in without giving them a second glance, here’s why the start of a new financial year is the perfect time to change that.

Government rebates don’t lower your actual rates

Let’s use Queensland as an example. In 2024, the state government rolled out a $1,000 energy rebate for eligible households, spread across bills throughout the year. A lifesaver for many - especially during a cost-of-living crunch.

But here’s the catch: this rebate doesn’t reduce the underlying rate you pay per kilowatt-hour (kWh). It’s a once-off (or limited-term) credit. If your base energy rates are too high, that $1,000 is going to disappear faster than it should.

A better plan = a longer-lasting credit.

By switching to a cheaper plan, you stretch that credit further. In practical terms, the same $1,000 could last months longer if your usage rate is lower. Why waste free money on inflated rates?

Market offers can change every year

Energy retailers in Australia can adjust their rates at the start of each financial year (1 July). This is when:

  • Network charges (from distributors) may rise
  • Wholesale energy prices may shift
  • Default market offers (DMO or VDO) are updated by regulators

Even if your current plan seemed like a good deal last year, there’s no guarantee it still is. In fact, retailers often move loyal customers to higher-priced ‘standing offers’ if their original deal expires.

Checking in on your energy plan each financial year ensures you’re still on a competitive offer - or take the chance to switch before your bills climb quietly in the background.

Energy use patterns can change - and your plan should too

Your energy habits aren’t set in stone. Maybe you’ve:

All of these changes can impact how much energy you use and when you use it. Some plans are better suited for daytime use, others for evening-heavy households. Some charge flat rates, others offer time-of-use pricing.

Reviewing your plan annually helps ensure it still matches your lifestyle.

Competition = opportunity

The Australian energy market is deregulated in many states (including VIC, NSW, SA, and parts of SE QLD), which means energy providers are constantly competing for your business. And competition means deals.

From sign-up credits and discounted rates to GreenPower options and rewards programmes, providers are always trying to stand out.

But here’s the kicker: many of the best deals are only available to new customers - or to those who make the effort to switch. If you haven’t compared in a while, there’s a good chance you’re paying more than you need to.

Energy comparison is faster and easier than ever

Gone are the days of deciphering paper bills and waiting on hold for half an hour. Today, energy comparison tools and expert services (like Compare Energy) can:

  • Show you tailored plans for your area
  • Estimate savings based on your usage
  • Highlight renewable and carbon-neutral options
  • Take care of the switch for you

Best of all, it can take just a few minutes to see if you’re overpaying and potentially save hundreds each year.

It’s your money. Make it go further

Even with government help, every dollar counts. Your electricity and gas bills are one of the easiest regular expenses to optimise, especially because:

  • You don’t have to change your habits to save money
  • You won’t lose supply during a switch
  • There are no lock-in contracts with many providers
  • Switching is usually free and penalty-free

By staying proactive, especially at the start of the financial year, you can ensure you’re not leaving easy savings on the table.

Don’t set and forget your energy plan

Energy rebates like Queensland’s $1,000 credit are a powerful helping hand, but they’re not a reason to stay complacent. If anything, they make it even more important to lock in the best deal, so that money goes further and works harder for your household.

Whether you’re in a capital city or a regional town, taking 15 minutes to review your plan could save you hundreds.

Need help finding a better deal? Call Compare Energy

Speak to a real Aussie expert who can help you compare plans, make sense of your options, and switch with confidence.

Call Compare Energy on 1300 790 106 today to make the most of your energy credit and start the new financial year on a smarter plan.