If you are a CommBank customer on the hunt for a new energy provider, you may want to listen up. One Aussie energy provider is giving eligible CBA customers the chance to earn mega dollars off their home power plan.
Amber, a provider offering a unique wholesale energy business model, has partnered with CommBank to give eligible banking customers the opportunity to access cheaper and more renewable energy options with a specialty saving.
Eligible CommBank customers can receive a welcome credit of up to $180, applied to their account over six months. Standard CommBank customers will receive a $100 credit, but members of CommBank’s Yello program can claim more: $120 for Everyday members, $150 for Everyday Plus and $180 for Homeowners.
The discount offer is available in conjunction with Amber’s variable rate plan, which comes with access to variable wholesale electricity prices on a no lock-in contract.
To access the offer, interested customers will need to sign up to Amber using an eligible CommBank credit card, debit card or bank account. If a customer’s card expires during the six-month discount period, or their details change however, the discount will be forfeited from Amber.
This offer is available to households in New South Wales, Victoria, south-east Queensland, South Australia and the Australian Capital Territory until March 30, 2024.
For the full terms and conditions on this offer, it is best to visit the Amber website.
Compare Amber’s prices for CommBank customers
Here are the Amber and CBA plans on our database for NSW. This is a product 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 3911kWh/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 Amber and CBA plans on our database for VIC. This is a product from a referral partner†. These costs are based on the Citipower energy 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 Amber and CBA plans on our database for SEQ. This is a product 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 4613kWh/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 Amber and CBA plans on our database for SA. This is a product 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 4011kWh/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.
Is Amber worth the switch?
Amber offers customers a unique wholesale electricity proposition which promotes shifting energy usage to times when cheaper and more renewable energy is accessible in the grid. It does this by using innovative tools and incentives to encourage customers to become aware of their energy usage and when they may be costing themselves more than they need to.
Since the Amber model is slightly different than that offered by other retailers in the market, its products are likely more suited to households who are invested in their energy usage, and keen to switch to more renewable energy sources. Particularly for households with solar panels or a battery system, Amber may be a good fit, as it not only encourages off-peak energy usage but also rewards these kinds of customers with wholesale energy exports. This means that they could earn as much as fossil fuel generators earn for exporting their solar energy at times of peak demand.
Households should also consider whether they are comfortable to pay the monthly subscription fee when switching to Amber, although it should be noted that the retailer does absorb this cost into its daily supply charge.
Any households concerned about wholesale electricity prices during a volatile time in the energy market can also rest assured that Amber has a price protection guarantee in place for customers, which means they will not be charged above a set usage amount during any quarter. This amount can be found on the energy fact sheet attached to Amber’s plans.
For further information regarding the Amber product or to see if it may be right for you, it is best to visit the Amber website.
How does Amber compare on price to other retailers in market?
Below we’ve listed some of the cheapest electricity plans currently available in NSW, VIC, QLD and SA to help you compare Amber on price to other retailers.
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 3911kWh/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 4613kWh/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 4011kWh/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.
Are you a CommBank customer looking for a new NBN plan? Try More Telecom
In addition to offering discounted energy plans with Amber, CommBank also offers discounts on NBN plans through its own backed telco: More Telecom.
CommBank customers may be eligible for a 30% discount off their first 12 months with More, with a 10% discount thereafter on its NBN plans, which range from NBN 25 to NBN 1000 speeds.
To access this discount, customers will need to have an eligible CommBank credit card or debit card as their online payment method when purchasing an NBN plan.
This offer is currently valid until June 30, 2024.
For a look at More’s NBN pricing and plans, please see the table below.
More NBN Plans
The following table shows a selection of published More NBN plans on Canstar Blue’s database, listed in order of standard monthly cost, from the lowest to highest. Use our NBN plan comparison tool to see plans from a range of other providers. This is a selection of products with links to a referral partner.
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