Compare Electricity Rates In VIC With Billy Explores Today
Compare Electricity Rates VIC
In Victoria, electricity is big business. That’s great for you, because there’s so much competition in the market now. You’re never short of options if you’re thinking of hunting down a better deal for your electricity needs. When it comes to comparing electricity rates, VIC is the state that offers the most choice after NSW.
Think now’s time for a change to a new provider in search of a better deal? We’ve got all the info you need to know right here. Read on!
Deregulation in Victoria
The electricity industry has been deregulated since 2002. This meant that energy providers were no longer held to the prices laid out for them by the State Government. Therefore, you can now choose from a stack of providers offering different market rates and discounts to try and win your business to compare electricity rates in VIC.
This means you can either choose a State Government pricing structure with a standing offer, or check out market offers from retailers which are usually packed with discounts.
The Electricity Market in Victoria
In 2016, the Australian Energy Market Commission found that the VIC market includes 22 energy retailers. The plus for you as a consumer is that providers now have a good reason to lower their rates, offer special deals and improve their customer service to pick up your business.
Due to the peak demand times in VIC, the Government is always looking for ways to improve the industry. One of their main focuses therefore is in the solar field, where they provide initiatives to help households get up and running with solar panels at no up-front cost.