Your Business Energy Rate Dropped In July, Here Is Why You Are Still Paying More Than Most

More Australian business owners are checking their electricity rate after the July change, and finding they are still paying more than they need to.

If you run a business in Australia, you may have heard some good news this year.

From 1 July, the energy regulator lowered the default electricity rate for many parts of the country. For a lot of business owners, that meant a drop on their bill.

It sounds like a win. And for some, it is. But here is what most owners do not realise.

That drop only applies to the default rate. It is a safety net price, not a good deal. Even after the cut, that default rate is still one of the highest ways to buy power in the country.

So if you got a reduction and thought you were sorted, you might want to look again. The truth is simple. A lower high rate is still a high rate.

What the July rate change did not fix:

• The cut only applies to default standing offer rates
• Market plans from other retailers are often much lower
• Your provider will not move you to a better deal on its own
• Comparison shows what you could be paying instead

Most business owners are far too busy to check. You have staff, customers, and a hundred other jobs that come first. Energy is one of those bills you just pay and move on from. That is exactly why so many end up overpaying.

Depending on how much power your business uses, the gap between the default rate and a competitive market plan can be huge. For a small shop it might be a few thousand dollars a year. For a business that runs equipment, cold rooms, or long hours, it can climb well into the tens of thousands. That is money that could go straight back into your business.

The good news is that checking is quick.

Business Electricity Quotes lets Australian business owners line up plans from a range of top energy retailers in one place. You enter a few details about your business, and it shows you what you could be paying instead of the default rate.

The service is free for business owners. Business Electricity Quotes is remunerated by the retailer or broker only when an introduction leads to a switch, so the incentive is to match you well, not just quickly.

Small business, medium business, single site or multi site, the comparison takes the same 60 seconds. The savings can be real.

So before you pay your next bill on that same old plan, check what your business could actually be paying. It takes less than a minute.