Summary : You can save hundreds of dollars a year on electricity and gas by switching to the best offers and, where required to get the discount, by paying on time. You'll need to re-compare offers and switch if necessary once a year or when your 2-3 year contract or fixed-price period ends. Gain : ~$200-500/yr. $300/yr @ 7% return = $4,145 after 10yrs and $12,300 after 20yrs. Time : ~2-3 hours/yr to compare electricity and gas on the relevant government website and call the energy companies to switch. Our Situation : Electricity is with Tango Energy paying $1/day supply charge and 16.467c/kWh. Our gas is with Origin paying 70.543 c/day supply charge with usage rates: First 65.75Mj: 2.2 c/Mj; Next 131.51Mj: 1.969 c/Mj; Remainder: 1.694 c/Mj. All prices include 10% GST. Flickr CCby2.0 - Uwe Potthoff
How mastering six wealth-building factors delivers security, independence and abundance