Enhanced energy urges customers to switch now or face rising energy bills - Canstar Blue

Enhanced energy urges customers to switch now or face rising energy bills – Canstar Blue

energy booster She urged her customers to act quickly and switch to other electricity plans while good deals are still available, or risk seeing their bills double by staying on her books.

ReAmped Energy, once known for its low energy rates, has asked its 70,000+ customers to switch and save elsewhere, volatile wholesale market Giving retailers few options other than raising prices for consumers.

High wholesale electricity prices are expected to continue, which is why it was essential for households with ReAmped Energy to change service providers before it was too late, Luke Blincoe, the company’s CEO, told Canstar Blue.

“This is an incredibly volatile time for the energy market,” Blenko said. “We know many Australian families are already facing cost-of-living pressures and we don’t want to contribute to this more than is needed, so we are in an unpleasant position to advise clients that they can get better rates with other providers, and they should look for it in As soon as possible.

“Many retailers are already starting to pull the drawbridge so customers need to act fast to get a better deal now before it’s too late. There are still quite a few competitive deals in the market. Nobody really knows how bad it will get, so we want People have to act now.”

ReAmped Energy is the latest in a wave of retailers falling victim to turbulent wholesale market conditions, with the likes of LPE, Discover Energy and Mojo Power also canceling their plans from selling, or urging existing customers to switch.

Despite the uncertainty, ReAmped Energy said it plans to It will return to the “price leading position” in the market in the future, but for the time being its customers must take advantage of any cheap deals on offer.

Our policy has always been to be honest with our customers,” said Mr. Blincoe. “The truth is, the more customers we have, the higher our prices will go. By letting you help yourself, while helping protect those who stayed with us because we have no choice but to pass on the wholesale costs we face.”

That could mean prices soon, he added.

“We know this is the last thing you were expecting to hear from us, but we’re dealing with you directly,” The CEO’s message said to clients across NSW, Victoria, southeast Queensland, South Australia and the ACT.

“You joined us because you wanted cheap energy and we trusted we gave that to you. But things have changed dramatically, very fast – and the best thing you can do now is switch and save as much as you can.”

Stunning wholesale prices have affected the energy industry over the past 12 months, with the market operator revealing last month that Costs 141% more than the previous year.

As ReAmped explained, the time frame for the wholesale market to recover is unknown With many factors affecting the prices of retail energy companies such as ReAmped pay for Energy. These include Coal power plant outages, increased demand for the power grid during peak times, as well as global effects from the pandemic, the ongoing conflict in Ukraine and the pandemic.

ReAmped Energy entered the Australian energy market in 2019 with a proposal that it would lead price comparison sites and give consumers a really good deal, with excellent online service.

ReAmped Energy emphasized that the decision to advise customers to find a new provider does not mean that the energy company will go out of business, and that it will continue to operate for any customers who choose to stay.

Some of the cheapest energy deals available right now

Here are some of the cheapest electricity deals Aussies can sign up for right now. Please remember to check the fine print before switching and use our free comparison tool for a selection of quotes specific to your area. With the volatility currently sweeping the market, some of these deals may not be available tomorrow. Click your state below to see a quick price comparison.

Below are some of the cheapest deals posted from retailers in our database which includes a link to the retailer’s website for more details. These are products from referral partners†. These costs depend on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes an overall energy usage of 3900 kWh/year for a residential customer on a single rate. Please use our comparison tool to make a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase.

Below are some of the cheapest deals posted from retailers in our database which includes a link to the retailer’s website for more details. These are products from referral partners†. These costs depend on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes an overall energy use of 4,000 kWh/year for a residential customer on one rate. Please use our comparison tool to make a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase.

Below are some of the cheapest deals posted from retailers in our database which includes a link to the retailer’s website for more details. These are products from referral partners†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes an overall energy use of 4,600 kWh/year for a residential customer on a single rate tariff. Please use our comparison tool to make a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase.

Below are some of the cheapest deals posted from retailers in our database which includes a link to the retailer’s website for more details. These are products from referral partners†. These costs are based on the SA Power network in Adelaide but rates may vary depending on your circumstances. This comparison assumes an overall energy use of 4,000 kWh/year for a residential customer on one rate. Please use our comparison tool to make a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase.

Image credit: taniascamera / Shutterstock.com


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