Another 2 years gone by. I last changed electricity providers 2 years ago (2 years fixed plan) and gas 1 year ago.
On receipt of the ‘good news’ both providers are happy to keep me as a customer for the ‘new higher rates’ I did my Victoria energy compare to see what the markets are doing.
There are some ingeniously convoluted providers where one can prepurchase power, and others with memberships and ‘banking power’ credits, both that seem games so I am not interested in managing either for the few dollars saving per year.
A new difference in Victoria is that offers contingent on both electricity and gas to get the good rates seem fewer than in previous years. Some observations are
a) the accountants and marketeers who price their offers are ingenious. ‘T’ has a good but not the best electricity offer but if combined with a gas offer, the gas offer is one of the absolute lowest. For the point, assume electricity+gas = $2,000 p.a.
b) using the lowest rational (for me) electricity offer would be $80 pa less than ‘T’ but the best gas offer would be $80 more than ‘T’, hence two different suppliers still = $2,000 p.a. using their different charges for every metric.
My decision looks like moving electricity from ‘T’ to ‘L’, and gas from ‘M’ to ‘A’.
I need to cite the Victorian energy compare tool, especially for electricity. It guides downloading historic use from most suppliers or network providers, and once uploaded shows comparisons based on actual trailing use.
It is more clumsy for gas since each bill has to be manually entered with billing dates and daily average, the more bills included the more accurate.
My spreadsheets are also built so I can adjust for more or less use to see how that affects overall costs. Comparing the tool to my spreadsheet estimates, electricity is within $1 and gas a close ballpark. They have done a good job. Over the past years Victoria has also done a few things to normalise comparisons such as requiring increases to be coordinated so they cannot play games timing unfavourable increases against each other, yet the suppliers continue to introduce zigs and zags to obfuscate their offers.