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Grouply launches a better, more comprehensive energy comparison experience for Australian households.

Announcement posted by 4th Party 02 Sep 2015

Australian energy comparisons fail the market coverage test.

MEDIA ANNOUNCEMENT

Melbourne, Australia

Wednesday, September 2nd, 2015



Australian energy comparisons fail the market coverage test. Grouply launches a better, more comprehensive energy comparison experience for Australian households.


Australian consumers now have a fairer and more comprehensive way to compare, select and group buy electricity.  Grouply.co, a newly launched comparison service addresses issues with market coverage in comparison services in a genuinely consumer-centric and more social way.


Grouply provides consumers with unbiased tools to compare market offers from every single Australian residential electricity retailer, and groups like­-households together to access exclusive group deals. Unlike other comparators, Grouply does not require householders to share any contact details to use the service. 

                           

Andrew Coates, co-founder of Grouply says; “With Australian energy prices soaring, comparison sites are becoming crucial tools to help householders make better decisions to get the right product for their needs. Consumers also recognise that there is value in pooling together with other buyers to get better deals.” 


But all is not as it seems in the comparator industry; fresh on the back of regulatory changes in the UK, the Australian Competition and Consumer Commission has released consumer and industry guidance on the operation and use of comparator websites to address the ongoing issues of misleading information appearing on sites and a lack of transparency regarding commercial relationships between comparators and suppliers.  In the UK, regulators are starting to crack down on comparison services that do not compare all retailers.


“Most major Australian comparison services don’t compare all retailers,” says Richard Foxworthy, Grouply CEO and co-founder.  “We saw a need for a better, more trusted, and more comprehensive comparison experience that could also help householders team up to pool their demand without surrendering their privacy.


“The ACCC guidelines are starting to address issues with coverage and transparency but consumers should still consider their options carefully and choose a comparator service that genuinely compares all retailers. Consumers deserve the right to evaluate offers fairly. We believe that we have built a better way for Australian households to buy better, together.”



  • ENDS -




For more information:

https://grouply.co 

Email hello@grouply.co


Contact:


Richard Foxworthy mob. 0447 367 915

hello@grouply.co

Kirsteene Phelan mob. 0411 107 611

hello@grouply.co


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Comparing residential electricity for sample postcodes in city, inner suburbs and outer suburbs in each state capital (no solar, electricity only, high energy usage)

* Depending on postcode

Source - Grouply.co (as at 26th August 2015).

About Grouply


Grouply is a product of 4th Party, a Melbourne-based team building consumer to business buying platforms. Co-­founded by Richard Foxworthy and Andrew Coates, the team created Grouply to help Australians compare and buy confusing, expensive, and unavoidable household products and services - such as energy - better, together.