1st Energy now accepting cryptocurrency for bill payments

1st Energy has become Australia’s first power retailer to accept cryptocurrency for bill payments, announcing a new partnership with the world’s largest crypto merchant.

From March 4, customers will be able to pay their electricity bills by selecting a variety of cryptocurrencies offered by BitPay – a US-founded platform that provides services for companies like Microsoft and AT&T.

The Aussie-owned energy provider stated the process is ‘smooth and secure’, and there are no fees or charges for crypto payments.

More Australians are using this form of digital currency and are looking for payment alternatives, 1st Energy representative Felix Baillie said.

“As a smaller retailer, we are all about choice, and part of that is giving customers the option to pay the way they want,” he said.

1st Energy Prices

Here are the 1st Energy plans on our database for NSW. These are products from a referral partner†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are the 1st Energy plans on our database for Victoria. These are products from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are the 1st Energy plans on our database for SE QLD. These are products from a referral partner†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are the 1st Energy plans on our database for South Australia. These are products from a referral partner†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are the cheapest published deals from 1st Energy currently on our database for Tasmania. These are products from a referral partner†. These costs are based on a household with an annual electricity usage of 6775kWh/year for a residential customer on a single rate tariff at a selected postcode in Tasmania, but prices will vary depending on your circumstances. We show one product per retailer, listed in order of price. Use our comparison tool above for a specific comparison in your area. This table includes featured products from a referral partner. Our database may not cover all deals available in your area, and please check retailer websites for up to date information.

How do 1st Energy customers pay with cryptocurrency?

Customers will see a QR code with the amount of their chosen crypto needed to make a bill payment. The price will be locked in for 15 minutes allowing the customer enough time to make a transaction. Bill-payers can choose from the following 13 cryptocurrencies:

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Dogecoin (DOGE)
  • Ethereum (ETH)
  • Litecoin (LTC)
  • Shiba Inu (SHIB)
  • Wrapped Bitcoin (WBTC)
  • XRP (XRP)
  • Five USD-pegged stable coins – BUSD, DAI, GUSD, USDC and USDP

“Cryptocurrency is going mainstream and there are millions of consumers who want to pay for everyday items like energy services and 1st Energy is taking the lead across Australia to make that available,” said Merrick Theobald, Vice President of Marketing for BitPay.

Where does 1st Energy operate?

1st Energy is an electricity retailer that operates in New South Wales, Victoria, South East Queensland, South Australia and Tasmania. At the time of publication, 1st Energy is competitively-priced in Victoria where the power company is based, and offers some value across the other states in the form of a conditional discount.

Compare Energy Prices

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

Image credit: Lemberg Vector studio/Shutterstock.com

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