Discounts are a percentage deduction made from your electricity costs at the end of each billing period. Energy discounts are only available on market retail contracts, and the amount you are discounted – if at all – will vary across different plans and electricity companies:
Discounts you might commonly encounter include:
A pay on time discount means you will receive a set percentage off your electricity costs at the end of the billing period – provided that you settle your bill on or before the due date. Pay on time discounts are the most common form of energy discount, but the amount you receive off your bill can vary considerably. This will depend on your energy retailer and the plan you are on. Pay on time discounts can be off your entire bill or just usage charges.
By having your electricity bill automatically debited from your selected bank account – rather than making manual payments every time – you could be eligible for a direct debit discount. It’s a simple and effective way to save money for those who are comfortable with direct debiting. A direct debit discount could be off your entire bill or just usage charges.
If your home or business uses natural gas provided through the same retailer as your electricity, you may be eligible for a ‘bundled’ discount. This discount, also known as a double up discount, can vary considerably across retailers from 2% to 15%. The discount could be off your whole bill or just usage charges. Like with other discounts, there will likely be a benefit period which could expire after one or two years.
Discounts are offered by the energy retailers for anything that makes their lives a little easier, or just saves them money. This is the case with email billing discounts. If you receive your bills by email instead of post, energy providers will often give you a modest discount as reward. This will also mean receiving all other communications via email instead of post.
It’s all in the name. An unconditional energy discount refers to discounts that are applied to your power bill that aren’t dependent on you fulfilling any conditions. Regardless of your chosen payment method, how you receive your energy bill or whether or not you’re early on your bill payment, you can expect an unconditional energy discount to apply to the amount you have due. This discount can apply to the whole bill or just usage charges.
Each state and territory provides a number of government-mandated concessions designed to assist households experiencing hardship that affects electricity requirements or their ability to pay their bills. Depending on the type of government concession or rebate, customers may be required to hold one of the following:
The names and availability of assistance schemes will vary across states, but they generally include:
Other rebates, concessions and discounts: Depending on your state, several other assistance programs may be available to you if you are:
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Disclaimer: All information and details for listed plans, discounts, incentives, usage charges, and fees are only accurate at the time of writing, and may not accurately reflect the rates offered when applying. Actual rates may differ based on your location, electricity and gas use, or eligibility for plans.