Electricity- Hundreds in savings are up for grabs

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Electricity: Hundreds in savings are up for grabs as renewables boom - Today News Post News Today || Headlines Today

Electricity prices are plummetingThe country kep, but 1.5 million Australians are still paying hundreds of dollars too much on their billsThe horizon, and they seem to be helping our southern neighbours., new analysis has found.

And it will only get worse as experts forecast more falls in electricity costs over 2021 thanks to a renewable energy boom and lower coal prices.

That’s according to Compare the Market chief strategy officer Emma Alberici, who said customers looking to reap the rewards will need to get off the federal government’s default offer and start shopping around.

“It’s in the energy retailer’s interests to make energy bills opaquedouble mutant, [but] it’s not actually that hard,” Ms Alberici told The New Daily.

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