Sticking with the same electricity provider can cost Aussies up to $317 more yearly, ACCC warns.

The Australian Competition and Consumer Commission (ACCC) warns that staying with the same electricity provider can cost households up to $317 more annually compared to switching to newer plans. Despite a 4% reduction in energy prices from August 2023 to 2024, prices are still higher than before the 2022 market volatility. The ACCC advises customers to use websites like Energy Made Easy to compare plans and negotiate better deals.