Enova Energy Review and Rates
Enova Energy made history in 2016 when it became Australia’s very first community-owned electricity retailer. It largely received a positive reception and has already expanded from the Northern Rivers Region of New South Wales to the entire Essential Energy Network which spans most of rural NSW.
Enova Energy says its goals are to keep profits and jobs in the community, reduce its customer’s carbon footprint and set an example for other retailers to follow. Enova Energy plans are tailored to reflect its values. The deals are flexible, relatively affordable and encourage the uptake of emissions-reductions schemes.
Enova Energy is clearly passionate about renewable energy and was rated the third greenest energy company in the 2018 Green Power Guide. Enova Energy hopes to one day produce enough renewable energy locally to meet all of its customers’ energy needs. To help achieve this, 50% of Enova’s profits go back into the community through community events and local investment, boosting the local economy and jobs.
Enova Energy Residential offers
Enova Energy sells electricity to homes and businesses. At the time of writing, Enova Energy has two electricity market offers: The Community Plus and the Solar 16 Plus. Both plans are on either a single rate or time of use tariff and are billed monthly.
The Community Plus
The Community Plus is best suited for budget-conscious customers. It comes with a modest 13% discount on electricity usage charges for paying on time. This is on an ongoing benefit period and there are no exit fees, so you can leave any time. This deal also comes with a 9c/kWh feed-in tariff and access to Enova’s renewable extras described below.
Solar 16 Plus
The Solar 16 plus doesn’t include a discount, however it comes with an increased 16c/kWh feed-in tariff. Once again, there are no exit fees, bills are received monthly via email and customers have access to Enova’s renewable extras.
|Enova Energy Plan||Annual Cost|
|Solar 16 Plus||2,220.92|
Costs based on annual usage calculations using statistics from AER for a three person household on the Essential Energy electricity network in Port Macquarie, September 2018. For more information on annual cost calculations please click here.
Enova Renewable Extras
Enova Energy goes above and beyond to give customers additional ways to reduce their carbon footprint. Enova has three options: GreenPower 100, Renewable Development Initiative and Community Renewable 100.
- GreenPower 100: This is a GreenPower Plan where Enova will source electricity from renewable energy sources to match 100% of your own electricity usage, cancelling out customer emissions. This product costs an additional $0.080 per kWh.
- Renewable Development Initiative (RDI): Customers on this plan pay an additional $2 per week and forfeit their 13% pay on time discount (if they are on the Community Plus). These funds are then redirected to community solar projects, including education and local investment.
- Community Renewable 100: For an extra fee per kWh, Enova will match 100% of your electricity purchased is from Enova customers with rooftop solar.
Enova Energy Business offers
Enova Energy only has one business market offer – the Enova Business Economy Plus. This plan is essentially all of the residential offers rolled into one. It has a 16% pay on time discount and an optional $5 per week donation to the RDI for community energy projects. Customers can even have 50% or 100% of their electricity sourced by GreenPower at an additional cost. On top of all this, Enova Business Economy Plus customers receive a 9c/kWh Feed-in Tariff for exported solar.
Enova Community is Enova’s ‘not-for-profit’ arm of the corporation. Enova Community uses half the profits of Enova to educate consumers about energy efficiency through community events. It also claims to use these funds to facilitate access to renewable energy for those on low incomes. For example, Enova says it is currently working on a project with a social housing organisation to install solar panels using a combination of grant funding and low cost loans.
Is Enova Energy right for me?
It is unclear if Enova Energy would be the cheapest electricity retailer, but it does have a lot of heart. It is specifically marketed toward like-minded customers who want to minimise their environmental impact, boost the local economy and give back to the community. At the end of the day, your choice of electricity retailer will largely come down to personal preference. You can see what fellow NSW electricity customers think of their retailer with Canstar Blue’s customer review and ratings.