7 Simple Steps to Switching Energy Providers

 

Whether you are moving homes or looking for a better deal the idea of switching energy providers can be scary. It is easy to just set and forget your electricity plan, and we get it, life can be busy, but could that convenience be costing you?

Why Switch Energy Providers?

We make it a habit to shop around for better deals every day so why are we so hesitant to shop around for a better electricity deal? Having the lights on and your gas running will always be an ongoing lifetime cost, so by shopping around for a better deal you could save thousands by the time you are looking to retire.

When benefit offers run out on your deal, your electricity bill can spike. Often big discounts are used to lure you in just for underlying prices to be increased without warning.

By researching new deals and evaluating your current plan you can stay on top of sneaky extra costs and save yourself a pretty penny too!

7 Steps To Help You Switch Energy Providers

1. Review your current exit fees

Before switching energy providers, review any exit fees that might be associated with ending your contract and factor this into the budget.

2. Compare deals

Have fun shopping around! Compare Energy Providers and find a better deal out there that meets your needs.

3. Talk to your current energy provider about a better deal

Let your current energy provider know that you are shopping around for a better deal and ask if they can do anything to help you stay? If not, then no worries, let’s set you up with a new energy provider and a better deal.Switch Energy Providers

4. Switch providers

Great you have decided to make the switch! Just contact the new energy provider you would like to switch to and they will usually transition your account on your behalf. Easy peasy right!

5. Final meter reading

Your old energy provider will send out someone to do a final meter reading on your account so that a final bill can be set up.

6. Your new account

Congratulations you have made the switch! After your final meter reading all new energy use should be charged at the new energy providers rate!

7. Don’t set your energy provider and forget

Remember to regularly compare your energy provider with existing deals in the market.

Curious about what other deals are out there? Solar Market offers a free energy comparison tool to get you saving. Like any of the deals available? No problem, select the deal you are after and we can have you switched within minutes! Happy saving!

 

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Understanding Batteries

Off-Grid Systems

For some households a battery system can be of great benefit and minimise a home’s reliance on the grid. However, it’s important to understand for a battery to be useful your solar system needs to be generating excess energy for the battery to store, which you can then use at night or when the sun is not out.

When selecting a battery, you’ll want to invest in a system that is most suited to your home and can drive the best return on investment (ROI). Despite a larger upfront cost, a higher quality battery may significantly increase your ROI.

    Battery systems start from $6,000 and costs can vary greatly based on the following factors:

  1. Cycle Life-Time

    The number of times a battery can fully charge and discharge.

  2. Battery Power (kW)

    How fast it can be charged or discharged.

  3. Storage Capacity (kWh)

    The maximum amount of energy a battery system can store.

  4. Battery Management System (BMS)

    An electronic ‘smart’ system that gathers data and manages the battery ensuring it does not overload or operate outside of its safe functioning zone..

  5. Inverter

    Battery systems require their own inverter if your solar system does not have a hybrid inverter.

  6. 'All-In-One Unit’

    A system which includes the battery, BMS and an inverter all in one unit.

  7. Warranty

    Length of time or cycles the battery system is under guarantee.

  8. Blackout Protection/Backup

    It’s important to note this is not a common feature of a battery system and could cost thousands of dollars to include. Blackout protection not only requires additional components but also a specialised installation and rewiring. For grid-connected homes, the cost for blackout protection can outweigh the benefit.

Additionally, if your purpose for adding battery is to go Off-Grid and become completely independent from the grid you will need to ensure your solar system can generate enough energy to power your home and your battery system is large enough to store this energy. For homes in metro areas going Off-grid is not cost effective and is only recommended for those in remote areas with limited access to the grid. Off-grid solar systems with battery start at approximately $30,000.
 

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