Choice has launched an energy bill checking website to help people save on electricity.
According to Choice research, conducted with MI Energy Retail, seven out of 10 households are paying too much for electricity.
Choice head of media Tom Godfrey said the company decided to intervene in the electricity market and cut out the commercial switching sites.
“Unfortunately, the electricity market has been stitched up by cosy deals between power companies and commission-driven switching sites with most of the potential savings siphoned off by industry through shadowy backroom deals,” Mr Godfrey said.
“We’ve found a new way to get people a fair and transparent deal on their energy bill, with trials of our new service delivering individual savings of up to $1500.”
Consumers simply upload their electricity bill for free and the service will find out if there is a better deal.
“Our service dynamically scans all the available deals on the market without you having to decipher the technical jargon,” Mr Godfrey said.
“Unlike conflicted commission-driven sites, if we can save you more than $99 you can pay for us to continue to monitor the market for you for the next 12 months.
“Every time we find you a better deal, we’ll change providers for you.
“By not giving commissions to energy companies, and charging a $99 annual fee, we are able to put consumers first and give them bigger share of the savings on offer.”
The service is available to New South Wales, Victoria, South Australia and South East Queensland households.