How much are Australian SME’s overpaying on energy?

How much are Australian SME’s overpaying on energy?

Make it Cheaper, a business energy specialist, have recently crunched the numbers and discovered that most Australian SME’s are overpaying on their energy bills by not shopping around.

Make it Cheaper compared energy bills across regions where customers can choose their electricity or gas retailer, seeing which states were losing the most by failing to switch.

We found that SME’s in NSW were losing on average up to $1,202 per year on energy, with SME’s in VIC coming in close second at $1,161 per year.

Below is a full list of the annual savings that could have also been made for the following states and territories (in order of savings):

  • New South Wales: $1,202 per year.
  • Victoria: $1,161 per year.
  • South Australia: $1,131 per year.
  • South East Queensland: $854 per year.
  • Australian Capital Territory: $714 per year.

Overall, it was found that the average Australian small business could save up to $1,160 per year, by simply comparing multiple energy offers across multiple energy retailers.

In addition to these findings, a report conducted by the ACCC, also states that electricity prices have increased by a staggering 80% over the past ten years, leading to the conclusion that the need for small businesses to compare energy offers to save is bigger than ever.

Keeping this is mind, Small Business Association of Australia have partnered with Make it Cheaper to provide our members the opportunity to get a complementary energy comparison that could provide you substantial savings on your energy bills.

Simply upload a recent copy of your energy bills here to get started.

*Disclaimer: The data collected is based on bill comparisons by Make It Cheaper between June to December 2018, including the actual customer’s usage, rates and applicable discounts against what they would have paid under the recommended current offers from our panel of multiple energy retailer partners. Average savings figures were calculated from energy users who chose to switch from their existing plan or retailer to a new one recommended by Make it Cheaper. Make it Cheaper Australia does not compare all energy offers in the market.