How to make $1,500 in 30 minutes

Want to earn some quick cash? Well, switching to a cheaper electricity plan could save your family a lot of money.

Potentially, you could switch from a plan costing $3,380 per year to one costing only $1,790. That’s a saving of $1,590.

Those aren’t our numbers: they’re from the federal government’s Energy Made Easy website. Click here for more information.

Power plans come in a wide range of prices

Let’s explain how we arrived at those savings.

First, we assumed that your household has four people and uses 6632 kWh of electricity per year (which is an estimate supplied by Energy Made Easy). See how you compare here

Second, we assumed that you don’t have a pool, a smart meter or solar panels, and that you don’t have a controlled load or off-peak rates.

Finally, based on those assumptions, we compared the cheapest plan offered by 25 different power providers.

The result? A surprisingly wide range of prices, varying from $1,790 to $3,380, which is why your household could potentially save $1,590. Even if you cut that saving in half, you’re still looking at $795.

If you’re already on the best possible plan – congratulations! But if you’re one of the many Australian families paying too much for electricity, why wouldn’t you take action right now?