These days, Aussies have a mountain of reasons to shop around for a new energy provider, particularly as market deregulation has given customers the freedom to get up and leave if they’re unsatisfied with their …
A few years ago, many Australians would just accept the price of electricity and pay their bills without questioning it. This was the case with most households until energy markets across the country became deregulated. …
Cheaper energy bills are coming to Victorians living in embedded networks, such as some apartments, caravan parks and retirement villages, thanks to reforms introduced by the state government in 2019.
The Victorian Default Offer or VDO …
One of Australia's new, budget electricity retailers has launched in Queensland boasting competitive rates and unusual features. Nectr’s arrival has meant that state electricity prices have reached new lows, adding fuel to the increasingly competitive …
Victorian-based retailer Sumo has swooped on competition in Queensland with a deal that’s bound to help ease household budgets.
Sumo is now one of a few small providers shaking up things in the south east, which …
*QLD, SA and NSW: Price is GST inclusive and is: The estimated lowest possible price a representative customer would be charged in a year for this plan, assuming all conditions of discounts offered (if any) have been met, based on the AER’s model annual usage in the distribution region as stated at the top of each table.
~VIC: Price is GST inclusive and is: The estimated lowest possible price a customer would be charged in a year for this plan, using the Victorian Government’s annual reference consumption for domestic customers in your distribution region as stated at the top of each table and assuming all conditions of discounts offered (if any) have been met.
Some plans may require you to meet certain conditions before a discount may become available to you. Check the energy provider’s plan information for details of all possible discounts that may apply and any conditions that need to be met to be eligible for these discounts. Some plans may have a minimum term longer than one year. In that case the total cost over the term will be much higher than the Price (which is only for one year). Consider the provider’s detailed product and pricing information before making a decision to take out a new plan or switch electricity providers.
^What is the Reference Price?
Reference Price: The reference price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.
>What is the VDO?
VDO: The Victorian Default Offer (VDO) includes a daily supply charge and usage charges (per kilowatt hour). Differences in tariffs across distribution regions reflect the unique costs of providing electricity services in each area. The difference between the VDO and the unconditional price of a plan, based on the Victorian Government’s annual reference consumption for domestic customers in the distribution region, is expressed as a percentage more or less than the VDO. The terms of any conditional discounts are shown, along with any further difference between the VDO and the discount applied if a condition is met, expressed as a percentage more or less than the VDO.
ACT: Costs based on annual household usage of 5499kWh/year on the EvoEnergy network in Canberra, July 2020. For more information on annual cost calculations please click here.
TAS: Costs based on annual household usage of 6775kWh/year on the TasNetworks electricity network in Tasmania, July 2020. For more information on annual cost calculations please click here.
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Annual cost estimates exclude solar payments. Feed-in tariffs shown are single rate only.
Solar products may only be available to solar customers and some products may only be available to customers who purchase solar PV or other products through the retailer.