The competition regulator is urging Australians to check whether they are getting the best deal on their energy bill, after finding that almost 7 million households were paying more for electricity than they needed to.

Though annual electricity prices declined between August 2023 and August 2024, the Australian Competition and Consumer Commission found more than 80 per cent of households could save on electricity if they either shopped around or contacted their existing provider to ask for a better deal.