Terminate Your Electricity Contract easily in the Australian Consumer Law
It is the law. If you own a company, you will probably want to terminate it for reasons other than your control. For instance: You want to change to a new energy provider and want to end your electricity contract early. Or you want to adjust the amount of electricity you use for your business, or you’re thinking about installing a solar system for your home.
A good reason to terminate your existing electricity plans is if you are about to undergo a tariff revision. The Australian Energy Market Commission (AEMC) can make adjustments to your existing contracts, which can affect how much you pay for your utilities. For instance: if they think your tariffs are too high, they can lower them. If they think your contracts are too low, they can raise them. If they feel your current provider is charging you a lot more than competitors in your area, they can also provide you with a better plan.
When you disconnect your contract with your current company
If you want to change to a new supplier, you can easily do so as long as you tell your existing supplier that you want to. If you are moving house, however, there is no option to terminate your current electricity provider. Moving house is an important factor when it comes to terminating a contract. In Australia, however, there is another solution for people who are going to move: they can disconnect their supplier’s connection to their home.
When you disconnect your contract with your current company, there are some things you should consider first. First, you should check if the disconnection will lower your rates. For instance, if you get a better rate plan with another company and the company decides to give you a break on your bill, it would probably be more affordable for you to continue with their service rather than changing to a new company. However, even when you get a better rate plan with another provider, the price of the contract still has to be accepted. The amount you pay for the contract still has to match the price of the connection that was interrupted.
contact your supplier within two months of signing up
If your contract will start on a new date, but you get a better plan with another provider, you should ask them to start your contract on that date instead of continuing with the previous one. This means that you should disconnect your current contract and contact your new provider to find out when you are moving to a different address, they must accept your new contract. Otherwise, your rates will go up to match the rate plan of the contract that is in effect when you reenter the area. So, for instance, when you are moving to Hobbies, your rates might be a bit higher than what you would have paid if you just left your contract when you moved to Hobbies.
When comparing two months contracts, remember that you can cancel your contract at any time during the period of the contract. It is easy to do, as long as you contact your supplier within two months of signing up, or at least by the end of the second month. However, your supplier does not always have to give you the option of canceling your contract. In some cases, they might tell you that if you decide to cancel, you will forfeit any deposits that you have made to your supplier. If you think that this might happen to you, it is a good idea to cancel before your contract ends so that you won’t lose any money.