Each year in May, the media makes a lot of noise when the Essential Services Commission releases the Victorian Default Offer for the new financial year.
A quick Google search will see countless media reports declaring an approximate 7% saving for Victorian small businesses equating to approximately $261 per year.
But if you dig a little deeper, you’ll realise this is all just noise, and what’s not being conveyed is the default market offer is 18% more expensive than it was two years ago, and even then, it's not necessarily the cheapest offer available.
Here are the facts on the Victorian Default Offer and how the power is still in your hands to lower your small business electricity costs.