We're delighted to announce the public launch of the RACV Energy Compare service (https://energycompare.racv.com.au/energy) for RACV's 2.1m members. The service, based on the Grouply energy platform, helps householders compare and select energy products using our unique WattPrice product price comparison algorithm.
We've updated our Grouply.co/energy deal cards to simplify information presentation and emphasise our unique Watt Price pricing analytics.
WattPrice is a calculation of the effective price per unit that you would pay for any given retail energy product, based on your estimated or actual consumption and your behaviour as an energy consumer (particularly your pay on time frequency).
WattPrice takes into account product consumption tariffs, connection and other fees, conditional discounts, as well as any other financial incentives offered to provide a simple, apples-to-apples price comparison between different energy products.
WattPrice is essentially a comparison rate for energy. We designed WattPrice because we wanted a price comparison tool for energy that would be just as simple and just as useful as unit pricing is for grocery items in the supermarket or comparison rates for financial products.
In the Grouply energy comparison service, we use each products' calculated WattPrice to rank all relevant energy products, so you can immediately see which product is the cheapest for your consumption level and bill payment behaviour.
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