I recently found out that if you call ActewAGL and say something about an Origin Energy offer and ask if ActewAGL have a competitor rate you can get 16% off electricity and 12% off gas consumption instantly. I gave them a call and it worked. However, during my 10 day cool off period I have been doing some research.
The catch is they ask you to go on a 12 month market contract. 12 months is no big deal as I will always need gas and electricity and they don’t mind if you move during that time. It also seems that market contracts are meant to be better than standard/standing/regulated contracts as market contracts are meant to be competitive and regulated are set by government.
Looking at ActewAGL’s standard electricity pricing here we can see that the basic service charge is 68.9c per day and consumption 16.64c per kWh (Home plan). Running a search of their site for an Energy Price Fact Sheet for Market Rates you can see that the service charge is $1.39 per day and consumption is 31c per kWh. I could not find an easy way to check the market contract rates and tariffs, you just have to trawl through the PDFs to find relevant information.
Given that you only get the discount on consumption, am I wrong to think that it’s a huge mistake to switch to a market contract even with the promotional discount?