Yahoo!7's Moneyhound comparison website adds energy category
Yahoo!7 today announced an update to its free comparison site, Moneyhound, with the addition of an energy category to help Australians save on their utility bills. The new category, delivered in association with Switchwise, helps Australians save on their energy bills in as little as a few minutes by comparing energy plans from up to 14 providers.
Research conducted last year by Yahoo!7 revealed that 83 percent of Australians are worried about the rising cost of living, with 3 in 4 people are trying to save money where they can every day. Since it launched in September 2011, Moneyhound has helped thousands of people take control of their finances and save money, reaching over 120,000 unique users in January 2012.
By inputting their postcode and household energy consumption or spend Moneyhound will calculate a user’s annual energy costs and provide them with a list of plans and prices from alternative electricity and gas suppliers in their area. Using the new Moneyhound energy comparison tool an average Australian family could save up to $380* a year on their electricity and gas bills. The average family could increase these savings to as much as $11,500 a year by using the full suite of tools available on Moneyhound to compare their monthly household bills.
Moneyhound is part of Yahoo!7 Finance and compares over 2,500 products across personal finance, telecommunications, internet and energy categories. Switchwise, a Computershare company, is Australia’s leading online energy comparison service.
Released: 1 March 2012
Yahoo!7 (yahoo7.com.au) is one of the most comprehensive and engaging online destinations for Australian consumers and advertisers. Formed as a 50-50 partnership between the Seven West Media Group (ASX: SWM) and Yahoo! Inc. (Nasdaq: YHOO), Yahoo!7 brings together the successful Australian internet business, Yahoo! Australia & NZ, and the online assets and television and magazine content of the Seven Network, one of Australia’s leading media companies. The company also combines the strengths of Yahoo! search and communications capabilities and its global internet network, with Seven’s rich media and entertainment content and marketing capabilities.
About Computershare Limited (CPU)
Computershare (ASX:CPU) is a global market leader in transfer agency and share registration, employee equity plans, proxy solicitation and stakeholder communications. We also specialise in corporate trust, mortgage, bankruptcy, class action, utility and tax voucher administration, and a range of other diversified financial and governance services. Founded in 1978, Computershare is renowned for its expertise in high integrity data management, high volume transaction processing and reconciliations, payments and stakeholder engagement. Many of the world’s leading organisations use us to streamline and maximise the value of relationships with their investors, employees, creditors and customers. Computershare is represented in all major financial markets and has over 12,000 employees worldwide. For more information, visit www.computershare.com
* Note regarding savings calculation
Estimated saving of $380 was calculated as an average of potential electricity bill savings available in electricity distribution zones across Victoria, New South Wales, Queensland (Energex area only) and South Australia for a typical household consuming 7,000 kilowatt hours of electricity per annum on a single-rate, peak only tariff. Savings were calculated by comparing the cheapest electricity plan currently available in each distribution zone displayed on switchwise.com.au to AGL’s Advantage 0 plan in Victoria, EnergyAustralia’s Standard Contract in NSW, Origin Energy’s Standard Contract in Queensland (Energex zone) and AGL’s Advantage 0 plan in SA. The savings quoted assume customers pay all their electricity bills prior to the due dates and do not cancel their energy contract with their new energy retailer before the new contract term expires and/or prior to receiving any bonuses, discounts and other benefits offered. Actual costs and savings for each household will vary depending upon each household's current electricity retailer and plan, actual electricity consumption, electricity tariff type and electricity distribution zone. Actual savings realised will also change should any electricity retailer(s) subsequently change their pricing. Prices current as at 20/02/2012. Energy retailers may withdraw or change offers or plans at any time. Please note that if you are currently under a fixed term contract with your current electricity retailer early termination fees may apply should you decide to switch to another energy retailer before the end of the fixed term.