The site enabled consumers to compare electricity and gas prices offered by 25 Australian energy suppliers.
Consumers could switch their home energy supplier to a cheaper provider by completing an online application.
People moving their homes could also arrange for cheaper electricity and gas connections through the site.
The company earned revenue by charging a commission to the supplier to which a customer chooses to switch or connect via the Switchwise website.
[1][better source needed] The company was funded by Netus, an Australian technology investment group, which in turn was majority owned by News Limited.