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Households being lured into misleading electricity and gas deals: energy watchdog

April 16th, 2017 Posted by Alerts, Financial Management 0 thoughts on “Households being lured into misleading electricity and gas deals: energy watchdog”

Energy watchdog (Vic) calls out electricity and gas retailers luring households with discounts of up to 40 per cent, then to increase prices.

The article warned that “households are being lured into deals with the promise of large discounts unaware that companies can ratchet up prices at any time. …discounts of up to 40 per cent offered by electricity and gas retailers are rarely locked in, and called for a dramatic rethink to make power bills fairer for consumers.” Source: The Age 15th April 2017

Gobbill has been calculating the actual % discount amount received for our users and many have found that are not getting what they expected.

This has prompted them to quickly switch service providers.