Why switch energy providers when moving house?

Moving home can be stressful, especially if it is a great distance and you will be embracing a whole new way of living. There are a hundred and one things to check when moving house; one of the most important is making sure you are connected to your energy supply when you move in, and also that you are getting the best value for money in your new home.

In this article, we are going to cover the basics of how to make a smooth energy switch when moving house, and also why you should look into switching suppliers when you are settled in your new home.

 

Step 1 – inform your current supplier of the move: You do this for two reasons, firstly, to make sure they do not keep charging you, and secondly; so you can find out how much it will cost to be connected in your new home. Keep a mental note of the price as you will need this for comparison later on down the line.

 

Step 2 – find out who is supplying the new home, and what meter they have: This will determine how easy it will be for you to switch providers. Keep a mental note of the company they use so you can compare the pricing later on down the line.

 

Step 3 – compare the two prices against the local market: prices and packages vary from state to state, so the best way to understand if you are getting value for money is to check on a price comparison website. You will need your new address as well as the two prices you gathered earlier on. You want to see how it compares to online and whether you can snap up a deal somewhere else. Make a decision based on your living situation and the type of energy provider you want.

 

Here are some reasons as to why you should look into switching when moving house:

 

  • Better value: Ultimately, this is what you are looking for. If you can save some extra dollars through a discounted ‘new home’ deal, or the area you have moved to has cheaper providers, then go for it. Just make sure to watch out for any cancellation fees (where applicable) and read all the small print. If ever in doubt you have the freedom to call up suppliers and ask them for further details.
  • More variety: If you have just moved from somewhere rural to a city, there will undoubtedly be more variety. This can be with suppliers, packages, and all the way to a greener and more eco-friendly options. Sometimes too much variety can be confusing, which we understand; so ensure to use a price comparison website to get the best deal.
  • Greener: With Australia being one of the biggest advocates for renewable energy, you may be in a position where you are able to opt-in for a greener package on your energy provider.
  • Size of property: This may not be a key reason to switch, but it should definitely be kept in mind. The bigger the property, the more expensive to run, as well as the number of individuals living in it. Ensure that you are looking at plans that will match the type of house you have moved in to. For example, if you have downsized to a smaller flat you may be able to opt-in for greener options and a variable rate. If you are a family of 5 in a three-tiered house, you would probably be better looking at a fixed-rate plan with better value to due to how many will be using energy in the property.

 

There are always brilliant options out there, and if ever in doubt, always use a price comparison website or seek advice from your real estate advisor.

Author: Claire Stapley
Claire Stapley is ElectricityComparison.com.au's Energy Editor, based in Melbourne Australia. Claire is a founding member of ElectricityComparison.com.au News and Energy Team.