More than 2.7 million Victorians have already used Victorian Energy Compare to find a better offer on electricity, gas and solar to cut hundreds of dollars a year from their energy bills.
The free and independent tool is now accessing electricity usage data, which means it takes less than a minute to compare offers and find the best available.
The Victorian Government’s nation-leading market reforms mean retailers are now required to tell you what their best offer is.
On average, Victorians who use Victorian Energy Compare save $330 in their first year alone, with seven-out-of-10 customers finding a better deal by switching retailers.
Previously, customers were required to manually enter details from their smart meter or power bill but the upgraded tool can now access this data thanks to a partnership with the Australian Energy Market Operator.
The data includes the customer’s postcode, current retailer and their National Metering Identifier but does not contain any personally identifiable information.
Privacy and security have been central in developing the tool, with customers able to choose whether to share their smart meter data or instead use an energy questionnaire to estimate their energy consumption.
Not only can Victorian families slash their bills by using Victorian Energy Compare, they can still claim the Labor Government’s $50 power saving bonus when they compare offers until June 30 this year.
For more information and to compare electricity offers visit compare.energy.vic.gov.au