AGL has introduced a new budget-friendly electricity offer across the states.
The aptly-named ‘Essentials Saver’ works out to be AGL’s most competitively-priced deal, overtaking the Essentials Plus in terms of price in New South Wales, Victoria, south east Queensland and South Australia.
At a time when notable changes have rocked the energy market, many power companies have shied away from discounts, instead moving towards cheaper base rates and other sign-up incentives. With the AGL Essentials Saver, customers can expect a $75 credit off their first bill when signing up online, in addition to low usage and supply rates.
The Essentials Saver is a variable rate plan, meaning energy prices can change at AGL’s discretion, as opposed to locking in charges with a fixed rate plan.
For solar customers, there are nominal feed-in tariffs attached to AGL’s Essentials Saver, which come up short compared to other solar-specific products in the market.
Is the Essentials Saver a good deal?
Canstar Blue Editor-in-Chief, Simon Downes, said the new plan helps to keep AGL competitive at a time when many smaller retailers are challenging the traditional big players on price.
“There is often a perception that you pay more with the big retailers – whether it’s energy, telco or anything else. But when it comes to energy, the big players can do you a good deal, provided you’re on their cheapest offer.
“AGL is a safe pair of hands but it’s not necessarily going to be the cheapest retailer in your area when it comes to basic dollars and cents. That’s why value-add benefits are important to consider because it’s ultimately about finding a plan that offers you the best overall value and service as a customer, rather than just the cheapest rates.”
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