ACT has several energy and gas providers to compare. The territory's ambitious 2020 renewable energy target promises great things to come.
Australia's capital territory represents an energy market with over 300,000 residents. ActewAGL is responsible for distributing ACT’s gas and electricity, where it is then sold to the residents by a small but growing number of retailers.
In terms of renewable energy, Canberra plans to produce 90% of its electricity from renewable sources by 2020.
Search and compare energy providers in the ACT
How can I switch providers in the ACT?
Because the ACT's energy market is deregulated it's easy for consumers to switch providers. All you need to do is:
- Choose a new provider
- Notify them that you wish to switch and sign the contract
While switching providers is easy you need to shop around carefully. Here are the things you need to consider when looking for a better energy deal:
- Switching fees. Your existing provider may charge a fee for finishing a contract early. It must be specified in the contract.
- Cooling-off period. Make sure that your plan includes a 10-day cooling-off period.
- Tariffs. Tariffs are the fees retail providers charge customers. It's always a good idea to compare your current tariffs with any new plan you're looking at.
- Contract terms. Make sure to check your contract terms carefully. Some providers automatically roll over your contract when it expires, which can be convenient but may come with higher costs.
Will electricity prices rise in the ACT?
Unfortunately, prices in the ACT are set to rise between 5% and 13% over the next two years, partly as a result of increased feed-in tariffs to encourage renewable energy.
What sort of energy plans and deals can I get in the ACT?
Even with limited provider options it's always worth comparing plans offered by other providers. You might be able to get a discount at the very least. You might find a plan with prices and benefits that better fit your particular energy needs. Here are some of the main features to look for:
- Bundling. If a provider sells electricity and gas see if they offer a discount if you sign up for both.
- Discounts. Most providers offer some kind of discount to get your business. A discount is always welcome, but try to find lasting discounts rather than one off reductions. A discount in the first month isn't worth much if prices remain higher later.
- Flexible payment and late fees. Check to see how your provider lets you pay your bills. It might be possible to pay your bills in advance, or in flexible instalments. For some customers, flexibility can often mean the difference between paying an energy bill on time or paying late and incurring a fee.
- Choice. Many providers offer a variety of plans, and some might be better than others. If you use a lot of energy during off-peak hours, a policy with off-peak pricing is probably a good idea, for example.
- Monitoring. Some providers let you monitor your energy bills and usage using a smartphone app. Knowing more about your energy spending habits can help you make better decisions about your energy usage and save you money.
You might not even need to switch energy providers to get a better deal. It's always worth asking your existing provider if they are willing to match the better price you've found elsewhere. It never hurts to ask.