Electricity Benefit Periods And Contract Terms – Energy Australia vs AGL

It can be hard to tell the difference between an energy plan with a benefit period and an energy plan with a contract term when you are comparing plans from Energy Australia vs AGL. That’s why Billy Explores is here to help! We’ve got all the information you need to start the comparison.

The best thing to start is to check your most recent energy bill to see what kind of contract you have. If you don’t understand the electricity bill, ask your electricity retailer.

Ongoing Contract With Benefit Period – Energy Australia vs AGL

When a plan has a “benefit period,” it means that you get a certain “benefit” for a certain amount of time. Most of the time, the benefit is a discount, but it could also be things like movie tickets or a subscription to a magazine.

When the benefit period ends, the electricity contract often keeps going at the same price, but you no longer get the benefit. If this is the case, your energy retailer must tell you at least 20 business days (but no more than 40 business days) before the benefit ends. This will give you time to think about your options, and you may want to see what other energy retailers are offering by comparing energy plans through Billy Explores, or asking your current electricity retailer if they have a better plan.

When your first benefit period ends, some electricity retailers such as Energy Australia vs AGL give you a new one automatically, so you can keep getting a discount. If your electricity provider is just extending the same benefit or rolling it over, they do not have to tell you. But if you get a new benefit that is different from the first one or if your current benefit changes, your retailer has to tell you at least 20 business days (but no more than 40 business days) before it happens. Again, this will give you time to think about your options and look into other plans that might be better for you through Billy Explores.

If you want to get out of the contract, check to see if you have to pay any fees, like “exit fees,” to do so. Also, if you don’t want to be locked into the contract, talk to your retailer. If the problem isn’t fixed, you can talk to the energy ombudsman in your state.

#1 Save On Your Energy Bill Tip

When comparing Energy Australia vs AGL, both energy retailers must tell you at least 20 business days before the change that the benefit is about to end or change. If you don’t like the change there are lots of things you can do. The best thing is to compare energy providers through Billy Explores and see if you can get a better deal on your electricity plan. We also have some other energy cost saving tips here.

Energy Plan Contracts With A Term – Energy Australia vs AGL

When an energy plan has a contract term, for example 1, 2, or 3 years, it means that the contract ends when the term is over. This applies both if you’re comparing energy providers Energy Australia vs AGL.

During this type of contract, prices can change. But some energy providers do have electricity plans where prices stay the same for the length of the contract.

If you leave your contract during its term, you may have to pay a fee. This applies to both EnergyAustralia and AGL.

Usually, when your contract is over, your energy retailer will put you on their local standing offer. There are no discounts or fees for leaving a standing offer, and the rates are usually higher.

#2 Save On Your Energy Bill Tip

Your electricity provider should let you know when your electricity contract is about to end. That means it is a good time to compare energy plans through Billy Explores and see if there are any electricity deals that might be better for you.

Do Energy Australia vs AGL Have Electricity Plans With No Contract Term? 

These plans don’t have a contract term or a benefit period, but you might still get a discount or something else.

These plans last as long as you or your electricity retailer wants them to. Both AGL and Energy Australia have electricity plans that have no contract terms.

Plans that don’t have a contract term usually don’t have fixed prices. Prices can change at any time, and if they do, your store must let you know. Depending on the type of plan you have, you may or may not be told when prices change.

#3 Save On Your Energy Bill Tip

If you have an energy plan with “no contract term,” it’s a good idea to check Billy Explores and compare energy bills every so often to see what other plans are out there. You might even find a better energy deal from one of our energy providers.

Compare Energy Providers Including Energy Australia vs AGL

So now you know more about how to compare benefit terms with Energy Australia vs AGL. Why not compare energy providers through Billy Explores? You can save time and effort and explore potential savings on your next electricity bill.