Any Bad Impact on Jumping Utilities Providers?

• 

  Typical16-bitEnjoyer on 12/12/2023 - 14:41

  Bad impact in VIC, most of the sign up offers are prohibited now.

  • 

    apple2016 on 12/12/2023 - 16:21

    How? Still many energy providers are providing sign up offers in vic. Eg Simply energy

    • 

      Brick50 on 12/12/2023 - 17:18

      AGl have $100 good guys voucher offer, any other good provider bonuses at the moment?

      • 

        moneytomyway on 12/12/2023 - 17:21

        Powershop offering $150, Simply energy offering $200 etc…

        • 

          Typical16-bitEnjoyer on 12/12/2023 - 19:43

          -1

          @moneytomyway: …through 3rd parties

  • 

    moneytomyway on 12/12/2023 - 17:21

    +1

    I am in VIC, most of the providers are still offering credit upon sign up

• 

  mitt on 12/12/2023 - 20:51

  +1

  I have found finding a cheap locked price for 12 months works out better than the signup bonus shuffle after you add it all up.

  Inflation means a 12 month price lock is worth a LOT. Especially if you sign just before energy prices jump (usually jul1)

  • 

    moneytomyway on 13/12/2023 - 09:52

    Ahhh that makes sense.
    Our typical electricity bill is roughly $100 per month so those credit is roughly 2 months of free power

• 

  hasher22 on 12/12/2023 - 23:09

  Depends on the provider.

  Let's say you're with provider 1 with a welcome credit or ongoing credit, that gets used up and then you jump ship to provider 2 which offers X Y Z, then that finishes then you jump to provider 3 which offers X Y Z then that finishes, then provider 1 is offering X Y Z then you jump ship to them…

  Going back to previous providers can happen but this could happen:
  - Reject you for the offer because you're a previous ex customer, this is when you need to be creative and put the account under someone else's name.
  - They decline you based on jumping ship too much based on applying in a short amount of time based on your credit checks

  • 

    moneytomyway on 13/12/2023 - 09:53

    Thanks! Totally make sense. I guess I will treat them like NBN then, jumping every 6 months.

    • 

      hasher22 on 13/12/2023 - 12:08

      To me the only caution is the credit checks while some NBN providers do credit checks, for example Optus NBN does credit checks while Leaptel doesn't.

      Always double make sure about credit checks.

      I don't know from memory what is the length between credit checks to play it safe, I just remember a friend of a friend that worked for some credit company stating if you apply for things with a credit check within X amount of time, they can decline you. But the timeframe differs, so it's really a testing game when you apply for stuff.

• 

  donotuse on 31/12/2023 - 13:21

  +1

  (NSW) I've been rejected by Energy Australia and Simply Energy for changing providers too often.

  AVOID THEM!

  • 

    YesPleaseThankYou on 06/01/2024 - 15:16

    Is that the reason they each provided to you?

    • 

      donotuse on 06/01/2024 - 15:52

      I have Excellent credit score and spotless credit history so what else could it be

      • 

        YesPleaseThankYou on 06/01/2024 - 15:54

        No idea but I doubt it is 'for changing providers too often'.