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The National Electricity Market in Australia

What is the NEM? How Does it Work?

More info NEM

How to Compare Energy Providers

Why Should I Compare Energy Providers?

If you haven’t compared and switched energy plans or providers in the past year, it’s likely you’re paying too much for your energy.

The best way to save money on your gas or electricity bills is to compare and switch every 12 to 18 months. When comparing energy plans, it's important to remember that there is no one-size-fits-all plan to save money. Prices vary depending on your location and usage so always compare energy prices using your own details to find the best plan for your home.

What do I Need to Compare Energy Plans?

To compare energy providers, you will need to know your annual energy consumption, and current tariff and/or energy plan. This information can be found on your utility bill. If you’re unsure of your current energy tariff or usage, you can find more information on Selectra’s Average Electricity Bill guide.

How to Switch Energy Providers

Once you’ve compared energy prices and chosen the one that best suits your household, it’s time to switch energy providers. To switch providers, you can directly contact your chosen provider or give one of our friendly Energy Experts a call.

When setting up a new energy account, you should have the following details ready to make the switch as fast as possible:

  1. The account holder name and address
  2. Meter and tariff type
  3. Your current energy provider and plan
  4. Annual household energy consumption

Switching energy providers should take about 20 minutes to complete the switch over the phone. Once switched, you will always have a 10-day cooling-off period in the event that you change your mind.

Once your cooling off period is over your previous energy provider will give you your final meter reading. This can be a special meter reading, which may cost extra, or wait until your energy provider reads your meter. If you have a smart meter, this can be done remotely.

What is the Reference Price?

The Reference Price (also known as the Default Market Offer or DMO, or Victorian Default Offer or VDO) is a benchmark for electricity prices set by the government used to assist those who wish to engage in the energy market and protect those who do not.

For Australians who want to compare and switch energy providers, the DMO can be used to compare plans across a variety of providers to find the best deals. For Australians who do not wish to engage with the energy market, the DMO is used to protect those consumers from rising energy prices. You can find more information about the Reference Price in our guide.

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Selectra Australia FAQ

Who is Selectra?

Selectra was created in 2007 by founders Aurian de Maupeou and Xavier Pinon with the initial aim of helping French customers save on their electricity and gas bills following the deregulation of the French gas and electricity markets. Selectra since expanded, and is now in more than 16 countries. Selectra Australia first opened in 2019 to help Australians sign up for home energy and broadband deals. Learn more about the history of Selectra here.

The Selectra Mission

Here at Selectra, we help you compare, switch, and sign up for energy and home broadband deals without the hassle.

Getting clear information about deals on broadband, tv, and home energy can be confusing and comparing offers can often be time-consuming. Selectra strives to provide a one-stop solution for people interested in signing up for a different and cheaper energy or broadband provider. We believe that looking for a cheaper deal shouldn’t be a challenge, and therefore aim to make the process as easy as possible by saving people time and money. We aim to offer customised quotes from partners, offer clear information about the energy and broadband products we compare, and work closely with our partnerships in order to ensure great service to you, the customer.

Is Selectra’s Service Free to Use?

Selectra’s Service is free to use for customers because we receive a commission from our affiliates and partner providers for connecting them with new customers.

This does NOT affect the price for the customer. Customers can visit the Selectra AU website and call our Energy and Broadband teams or affiliate partnerships without charge. Any commission we receive does not influence the recommendations Selectra provides its customers. We strive to ensure all customers have a positive experience and are satisfied with the service they receive.

Does Selectra Work with All Providers & Retailers on the Market?

Selectra does not work with all providers and retailers on the market. Instead, we offer a selection of products and providers carefully chosen based on criteria including; customer service, value for money, and renewable initiatives & green energy. For more information about our partner providers, affiliates, and partnerships, visit our legal page.

Our Privacy Policy

Your privacy is important to us and we want our customers to feel safe and secure using our website. We encourage you to read our Privacy Policy to better understand how we collect, store, and use your data for the purpose it was collected. You can find more information about our Privacy and Cookie Policies here.

What to Do if You Find Misleading or Incorrect Information on Our Website

All content on Selectra Australia is believed to be accurate at the time of publication. However, due to changes in prices and suppliers over time, there may be inaccurate or outdated information on some of our pages. If you find any inaccuracies, please inform us by contacting Selectra Australia. Your feedback is appreciated and will help us provide the best experience for all our customers. At Selectra, we always strive to provide the most accurate information and comparison of services, products, and providers. We have an in-house team of content writers who aim to provide the best possible experience on our website.

Disclaimer

Selectra provides all content and comparisons on its website in good faith. Selectra holds no liability for the accuracy of information found on the website due to changes in prices in information over time. Any information found on this website does not constitute the basis for a contractual agreement or quote. If you have any further questions, do not hesitate to contact Selectra Australia at contact@selectra.com.au.