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How regularly do you change your energy plan?

While most people check their energy plan once a year, this may not be enough to keep the best deal. Wholesale prices have just dropped, resulting in a market reset in July. So, even if you moved to a good plan in June, there are now better deals to be had.

A year ago, the biggest discounts in NSW and Victoria were between 15% and 10% less than the Government Reference Prices. When July 1 of 2020 rolled around, the cheapest deals on the market were over 20% and 15% respectively.

Joel Gibson, money columnist for the Sydney Morning Herald and author of Kill Bills!, joins John Stanley to explain how you can save hundreds by switching your energy plans around.

Download this podcast here

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