Future X Power Review and Rates

Future X Power is a new electricity retailer operating in New South Wales, south-east QueenslandSouth Australia and Tasmania. It brings one market plan to both residential and business customers within these states. Canstar Blue takes a closer look at this retailer to reveal the true value of its product and what you can expect to pay if you choose to sign up.

Read on for all the details about Future X Power – but if you’d sooner jump into straight into a price comparison, enter your postcode into our electricity selector below and you’ll be able see how this retailer stacks up on price in NSW, QLD, SA and TAS.

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Future X Power Prices

So, we know Future X Power has an imaginative name, but the most important thing is, how much does it charge for electricity? Based on typical energy usage statistics for three-person households in each state, the tables below show estimated annual costs for Future X Power’s current published electricity products. Prices will vary depending on your circumstances. Use our comparison tool above for a specific comparison in your area.

NSW

Here are the Future X Power energy plans on our database for NSW. 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.

Queensland

Here are the Future X Power plans on our database for SE QLD. 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.

South Australia

Here are the Future X Power plans on our database for SA. 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.

Tasmania

Here are the Future X Power plans on our database for TAS. These cost estimates are based on a household with an annual electricity usage of 6,775kWh/year for a residential customer on a single rate tariff at a selected postcode in Tasmania, but prices will vary depending on your circumstances. Use our comparison tool for a more 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.

Future X Power Plans

Future X Power is a retailer that apparently aims to give its customers a ‘transparent and empowering energy retail experience’ with its single variable-rate market offer plan available in NSW, QLD and SA. This plan, called the Smart Flat, comes with no exit fees and an ongoing benefit period. Future X Power was previously known for offering big pay on time discounts, however has since ditched them for lower variable rates – a trend that many retailers have taken recently.

With Future X Power, you’ll have the flexibility of choosing either monthly or quarterly billing, and selecting whether you want to pay by direct debit or another payment option. You’re not stuck in any lock-in contracts, meaning that any time you want to leave the company, you won’t be hit with exit fees. Currently, the plan is only available with a single rate tariff, with options for controlled loads.

One thing to note is that although this retailer encourages online sign-up through its website, its general online functionality doesn’t really stack up to the fully-online experience that many new retailers are offering. Without a login portal, the only thing you will be able to do online is make payments if that’s your preferred method, but you won’t be able to view old bills or change your account details without picking up a phone.

Future X Power Electricity Prices NSW

In the table below, we show Future X Power prices on the Ausgrid network in Sydney. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 3900kWh/year, meaning the Reference Price is $1,462/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Future X Power Smart Flat 19% Less Than Reference Price No conditional discounts
$1,179
Basic Plan Information Documents

*Price assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Ausgrid network in Sydney, but prices differ between distribution areas. August 2020.

Find out how Future X Power compares to other energy retailers in New South Wales by clicking on the link below:

Future X Power Electricity Prices QLD

In the table below, we show Future X Power prices on the Energex network in Brisbane. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning the Reference Price is $1,508/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Future X Power Smart Flat 17% Less Than Reference Price No conditional discounts  $1,249
Basic Plan Information Documents

*Price assumes general energy usage of 4600Wh/year for a residential customer on a single rate tariff. Estimated price includes any conditional discounts that may be available. Pricing based on Energex network in Brisbane, but prices will differ between distribution areas. August 2020.

Check out how Future X Power compares to other retailers in Queensland by following the link below:

Future X Power Electricity Prices SA

In the table below, we show Future X Power prices on the SA Power network in Adelaide. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4000kWh/year, meaning the Reference Price is $1,832/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Future X Power Smart Flat 13% Less Than Reference Price No conditional discounts $1,588
Basic Plan Information Documents

*Price assumes general energy usage of 4000Wh/year for a residential customer on a single rate tariff. Estimated price includes any conditional discounts that may be available. Pricing based on SA Power network in Adelaide, but prices will differ between distribution areas. August 2020.

How does Future X Power compare to other energy providers in South Australia? Follow the link below:

Future X Power Solar

Before its debut in the electricity retail scene, Future X Power was better known for its work in the solar power industry, working under the brand ‘Future X Energy’ to deliver zero-upfront cost solar to households and small businesses in the greater Brisbane area.

With its background in residential and commercial solar, this retailer naturally offers a feed-in-tariff on its plans. They are, however, very modest in comparison to what you will find with other providers:

  • NSW: 4c/kWh
  • QLD: 4c/kWh
  • SA: 4c/kWh

Is Future X Power right for me?

This will come down to numerous factors, but judging by the price of its current plan, Future X Power seems to offer a reasonable deal. Following a slew of new electricity retailers trying to ‘simplify’ the energy market with prepaid and subscription style plans, Future X Power emerges with its straight-shooter plan that’s actually likely to be more digestible for the everyday Aussie.

If (even though we don’t encourage it) you’re the set and forget energy type, this retailer may be good for you given that it offers an ongoing benefit period with decent base rates. If you’re interested in seeing how this energy provider stacks up to others in your area, follow the link below.

About the author of this page

Jared Mullane

This page was written and is regularly updated by Canstar Blue’s Energy Specialist, Jared Mullane. He’s an expert in all things utilities, including electricity, gas and water, helping to make complicated subjects easier to understand for consumers. A trained journalist, Jared is usually one of the first to break energy-related news, whether it’s the latest changes in the industry, price movements, or the next best deal you need to know about.

Image credits: urbans/shutterstock.com, matsabe/shutterstock.com, Drk_Smith/shutterstock.com

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