Tuesday, March 15, 2016

Dodo Power and Gas price update. Electricity down and Gas up.

I received an email notifying the price changes for Dodo Power and Gas.

For electricity the plan I'm currently on is the Anytime plan. For this plan the daily fee has remained the same, but interesting the price per kWh has reduced by around 11 per cent. That is a welcome change. It does appear this is generally happening across the country.

For gas unfortunately both the daily supply charge and cents per megajoule are up 3.7 per cent and 9.4 per cent respectively. (Note this calculation is only for the most expensive cents per megajoule usage bracket).

For electricity I've updated the Electricity Cost Calculator at www.justlocal.com.au/clients/energy-cost/ with the latest rate. Whilst the 11 per cent usage reduction is welcome, this has been after a number of years of increases. I've found the best way to reduce electricity costs is to reduce your electricity usage. The calculator helps to get a handle on how much individual appliances are costing you. Next is to shop around and compare energy retailers and the discounts they're offering. Don't just go for the discount. Put together a spreadsheet of your usage, key in their charges and then apply the discount. Some companies have higher discounts but their charges are higher would could mean you pay more than using a lower cost supplier. I've not gone down the solar panel path as my calculations showed the savings were minimal and the payback period meant I didn't think it was a good investment. Smart reduction of usage resulted in over a 50 per cent reduction in electricity costs.

These prices above for Dodo do not include the pay on time discount offered by Dodo. This also isn't a recommendation or endorsement for Dodo

Kelvin Eldridge

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