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Nectr Energy Review & Rates

Founded in 2019, Nectr has emerged in the Australian market with competitive rates and a strong ‘green’ focus. Owned by South Korean-based, multi-billion-dollar solar manufacturer Hanwha Group, Hanwha Energy Australia has already invested in solar farms in QLD and Victoria, with construction happening in NSW. Nectr is the company’s retail energy brand, setting up shop in NSW, QLD and SA.

Find out about the plans on offer from Nectr and what you can expect from this new electricity provider below.

Nectr Energy Plans

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Nectr sits among a slew of retailers to make their customer service “100% digital”, meaning sign-up, account management and payment is all done online. In addition to that, this retailer also has an Australian-based call centre for those that may need to talk through the process before signing up.

The current plans on offer from Nectr are the ‘Clean’, ‘Online’ and ‘Greenpower’ plans. As mentioned above, these plans are only available in NSW, QLD, and SA, with the ‘Greenpower’ plan exclusive to NSW and QLD. All plans come with the security of fixed rates for 12 months and no conditional discounts. These are fairly simple plans, with the only notable difference between being that with each plan, Nectr claims that “100% of your electricity usage will be offset with renewable energy”.

For its market offers, Nectr provides two payment options: direct debit and recurring credit/debit card (including Amex). The good news is this retailer claims to not charge credit card fees. Customers will also receive their bills monthly over email. Much like those that pay their bills quarterly, with Nectr your bill will come monthly from your supply start date, rather than at any set date in the month.

Nectr’s app is available on the App and Google Play Store, which is claimed to help customers manage their accounts, view usage and bills, as well as refer friends and family.

Nectr Prices

Here are the estimated costs for Nectr in the Ausgrid network in New South Wales, Energex network in Queensland and SA Power Networks network in South Australia. Use our comparison tool for a specific quote based on your location and circumstances.

Nectr Prices NSW

Here are the Nectr plans on our database for NSW. These are products 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 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.

Nectr Prices QLD

Here are the Nectr plans on our database for SE QLD. These are products 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 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.

Nectr Prices SA

Here are the Nectr plans on our database for SA. These are products 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 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.

Nectr Electricity Prices

While Nectr may implement greener and cleaner energy practices, this doesn’t necessarily mean it compromises on price or value. To offer an idea of how Nectr compares on price to other electricity retailers, Canstar Blue regularly assesses electricity plans to show what households can expect to pay. We’ve calculated estimated annual bills in each state for households signed up to each Nectr product.

Nectr Electricity Prices NSW

In the table below, we show Nectr 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 $1,393/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Online 22% Less Than Reference Price No conditional discounts $1,081
Clean 16% Less Than Reference Price No conditional discounts $1,167
Greenpower 3% Less Than Reference Price No conditional discounts $1,352
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. July 2021.

See how Nectr compares to other providers in NSW with our state price comparison report.

 Nectr Electricity Prices QLD

In the table below, we show Nectr 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 $1,455/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Online 18% Less Than Reference Price No conditional discounts $1,196
Clean 14% Less Than Reference Price No conditional discounts $1,249
Greenpower Equal to Reference Price No conditional discounts $1,453
Basic Plan Information Documents

*Price assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Energex network in Brisbane, but prices differ between distribution areas. July 2021.

How does Nectr compare to other retailers in Queensland? See our QLD price comparison page.

Nectr Electricity Prices SA

In the table below, we show Nectr 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 $1,716/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Online 14% Less Than Reference Price No conditional discounts $1,482
Clean 10% Less Than Reference Price No conditional discounts $1,547
Basic Plan Information Documents

*Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. July 2021.

How does Nectr stack up in South Australia? Find out with our SA price comparison report.

Nectr Solar

Nectr currently has two solar plans in New South Wales (except on the Essential network), Queensland and South Australia, the ‘Solar Online’ and ‘Solar Clean’ plans. With these plans customers receive the same deal as the ‘Online’ and ‘Clean’ plans, with the added benefit of a solar feed-in tariff. Power is also 100% carbon offset on these plans too. Check the Solar FiTs out below:

  • NSW: 5c/kWh
  • QLD: 4c/kWh
  • SA: 2c/kWh

Nectr Home Solar & Battery Plan

Nectr have also recently launched a home solar and battery bundle in Sydney on the Ausgrid network. For Sydneysiders considering a household solar and battery system, Nectr claims to offer an affordable and simple option, where customers can access a competitive electricity plan that includes a solar and battery system – without finance or upfront costs. After a seven year contract with Nectr, the solar and battery system is owned outright. 

Should I switch to Nectr?

There are a few things to keep in mind when considering switching to Nectr. The main point is that this retailer leans strongly into its digital platform, preferring that customers use its online features to self-manage their electricity account. That aside, it seems to offer pretty good value in the context of other energy plans in the areas it serves.

If you’re comfortable with an online approach to energy, Nectr could be the retailer for you. However, if you’d be more comfortable with more conventional quarterly, paper billing, you might benefit by hopping onto our comparison tool and finding something that better fits your household needs.

About the author of this page

Jared Mullane

This page was written by Canstar Blue’s Energy Editor, 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: nuchverywell/shutterstock.com, Rvector/shutterstock.om