Discounts on standing offers from 1 January 2019

Many consumers on standing electricity offers in New South Wales, South Australia, South East Queensland and Victoria are set to receive an automatic discount.

Six energy retailers have announced they will be providing a discount from 1 January to some or all of their customers – be they households or small businesses – who are on standing electricity offers.

Some retailers are providing discounts off the entire electricity bill for all of their standing offer customers, others are giving these customers a discount only on their usage, and two are offering a discount for their concession customers on standing offers.

The discount amounts range from five per cent to 35 per cent and the retailers that have announced these discounts are AGL, Alinta, Energy Australia, Lumo, Origin and Red.

For more details about the discounts being provided by each retailer in each state, read the Minister for Energy’s media release.

Unsure if you’re on a standing offer?

There are two main types of energy plans – market retail plans and standing retail plans, also called standing offers.

You may be on a standing offer if you haven’t moved in years, your market offer has expired or you’ve never taken up a market offer. If you’re unsure, contact your retailer and ask.

It’s important to know that standing offers are generally more expensive than market retail plans and you can’t get the same types of discounts on standing offers like you can with market offers.

Want to consider a market offer?

Whether you’re currently on a standing offer or a market offer, it’s always worth shopping around to see if there is a better deal available for you. This is where Energy Made Easy can help.

Energy Made Easy is an independent, government-operated website that shows all of the market offers available in New South Wales, Queensland, South Australia, Tasmania and the Australian Capital Territory.

All you need to do is answer a few quick questions with some basic information about your energy usage. You also don’t have to enter any personal information, like your name or address.

There can be big differences between the cheapest and most expensive market offers, up to hundreds of dollars over a year. So to find out what plans available are in your area and how much you can save, get started on our homepage.

Last updated on Tuesday, January 8, 2019 - 16:11