Powershop Review and Rates

Powershop is an Australian and New Zealand-owned retailer with a unique approach to energy. Unlike traditional providers, Powershop lets you pre-purchase electricity with its ‘Powerpacks’. These Powerpacks include whole-bill discounts and special deals that reward proactive customers with lower prices on electricity. However, you will need to put in a little leg work to get the best deals. It’s called ‘Powershop’ for a reason.

If you’re having a hard time wrapping your ahead around how all this works, then we’re here to help. In this review, Canstar Blue examines how Powershop operates and takes a close look at what this retailer might cost you. We take you through everything you need to know to make an informed decision about whether Powershop is right for you.

Once only available in Victoria, Powershop also now operates in NSW, Queensland and South Australia. It also now sells gas in Victoria.

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Powershop Electricity Plans

Customers can deal with Powershop in the same way they deal with any other power company – where they simply receive a bill once a month. The standard default product for these customers is the ‘Auto Pay’ pack – a bare-basics energy deal with reasonable prices and no discount. Powershop also provides a ‘Lite’ product with cheaper rates and minimal leg work. However, in order to take advantage of what Powershop has to offer, customers should regularly visit the the Powershop online store or mobile app to purchase Powerpacks and snap up some special deals.

Powershop customers with smart meters also have access to special monitoring software that provides insights about their electricity usage and how long they can expect their Powerpack purchase to last.

So, what will you actually pay with Powershop? Below are the current prices listed on our website for Powershop’s Shopper Market Offer (including the Power Saver and Mega Pack), as well as Powershop Lite – the retailer’s ‘basic’ offering. Read on for further details about these products.

VIC Prices

Here are the Powershop plans on our database for Victoria. These are products from a referral partner†. 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. 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.

NSW Prices

Here are the Powershop 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. 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.

QLD Prices

Here are the Powershop 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. 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.

SA Prices

Here are the Powershop plans on our database for South Australia. 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. 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.

Powershop Plans & Powerpacks Explained

Powershop customers can pre-purchase ‘packs’ of energy at a reduced price through its online store or phone app. In order to find these packs, customers will need to be signed up to the Shopper Market Offer plan. This plan works out to be equivalent to the industry regulated Reference Price in NSW, SA and QLD, and the Victorian Default Offer (VDO) in VIC before any power packs are applied. So how do you purchase Powerpacks? Powerpacks can be bought as you go, or you can stock up for the future if you prefer.

But don’t fret, Powershop won’t suddenly switch your lights off just because you’ve used up all your Powerpacks. You also shouldn’t be concerned about forgetting to purchase those Powerpacks (apart from the fact that it could end up costing you more). Powershop customers are prompted to purchase new Powerpacks once per month with an ‘Account Review’ email and mobile notification. Customers are also notified of any limited-time specials.

Powershop has five types of Powerpacks: Power Saver, Mega Pack, Spot Specials, Future Packs and ‘Your Community Energy’.

Power Saver Packs

The Power Saver Pack is one of Powershops most popular products and is available to buy at any time. It provides competitive rates and a discount on your entire energy bill, so it’s always useful to add a Power Saver Pack to your cart when shopping for energy.

Mega Packs

Mega Packs offer great value to those customers who like to buy their power in bulk. Each Mega Pack gets you three months’ worth of power with a larger discount than the Power Saver Pack.

Spot Specials

Spot Specials provide some of the best value that Powershop has to offer. They are released every week or so and are available for a limited time only. Powershop will notify its customers of Spot Specials through its mobile app and social media channels.

Future Packs

These electricity deals let you stock up on power months ahead of time. Powershop says that generally, the discounts included in future packs are larger the further ahead of time you purchase them. Because the price of Future Packs is based on usage estimates which vary across different periods, Powershop warns Future Packs can sometimes be more expensive than special packs, so be sure to consider your personal situation when deciding whether they are right for you.

Your Community Energy

This is a Powerpack that includes an additional charge on electricity usage rates of 6.6c/kWh. These funds go toward projects supporting renewable energy in Australia and overseas.

Powershop Lite

If you don’t like the idea of regularly purchasing powerpacks from Powershop, the retailer now offers ‘Powershop Lite’ which works out decently cheaper than the Reference Price/VDO and you won’t need to log onto the website once a month or quarter to access these rates. The Powerpacks will still work out cheaper for customers who want, or enjoy, buying their energy this way. But Powershop says it has reacted to demand from customers in introducing a more traditional plan for those who like what the company has to offer, but don’t so much like the effort involved in buying Powerpacks.

Where does Powershop operate?

If you’re wondering what services Powershop is offering in your state, look no further than the table below. We summarise what you can expect to find from Powershop in NSW, VIC, QLD, SA, ACT and WA.

State Electricity? Gas?
NSW
VIC
QLD
SA
ACT
WA
TAS

Powershop Electricity Prices

Because of Powershop’s rather unique pricing structure, it can be a bit tricky to compare its costs to other retailers. Fortunately, Canstar Blue is here to lend a hand. We’ve calculated expected annual electricity costs for each of Powershop’s plans at selected postcodes in each state. For a specific quote in your area, use our energy comparison tool above.

Powershop Prices Victoria

In the table below, we show Powershop prices on the Citipower network in Melbourne. Plans are listed from the lowest priced estimate first. See here for information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning the VDO is $1,334/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from VDO› Conditional Discounts Price Estimate˜
Powershop Shopper Market Offer 17% More Than VDO Reduces to 10% less than VDO for purchasing the Mega Pack $1,199Incl. conditional discount
Powershop Powershop Lite 2% Less Than VDO No conditional discounts $1,314
Powershop Victorian Default Offer Equal to VDO No conditional discounts $1,334
Energy Fact Sheets

~Price assumes general energy usage of 4000kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Citipower network in Melbourne, but prices will differ between distribution areas. September 2019.

See our Victorian electricity price report to see how Powershop compares to other retailers in the state.

Powershop Prices NSW

In the table below, we show Powershop 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 $1,467/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Powershop Shopper Market Offer Equal to Reference Price 15% less than Reference Price for purchasing the Mega Pack $1,247Incl. conditional discount
Powershop Powershop Lite 7% Less Than Reference Price No conditional discount $1,367
Basic Plan Information Documents

*Price assumes general energy usage of 3900kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Ausgrid network in Sydney, but prices differ between distribution areas. September 2019.

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

Powershop Prices Queensland

In the table below, we show Powershop 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 $1,570/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Powershop Shopper Market Offer 1% Less Than Reference Price Further 16% less than Reference Price for purchasing the Mega Pack $1,322Incl. conditional discount
Powershop Powershop Lite 11% Less Than Reference Price No conditional discounts $1,404
Basic Plan Information Documents

*Price assumes general energy usage of 4600Wh/year. Estimated price includes any conditional discounts that may be available. Pricing based on Energex network in Brisbane, but prices will differ between distribution areas. September 2019.

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

Powershop Prices South Australia

In the table below, we show Powershop 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 $1,941/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Powershop Shopper Market Offer Equal to Reference Price 15% less than Reference Price for purchasing the Mega Pack $1,648Incl. conditional discount
Powershop Powershop Lite 9% Less Than Reference Price No conditional discounts $1,775
Basic Plan Information Documents

*Price assumes general energy usage of 4000kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. September 2019.

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

Free smart meter upgrades

Powershop is currently offering new customers in NSW and QLD the opportunity to upgrade to a smart electricity meter for free. Unlike in Victoria where the rollout of smart meters was government-led, in NSW and QLD it is the responsibility of the energy retailers. Powershop is one of the most proactive retailers in this regard. You can learn more about the free upgrade offer on the Powershop website. Not only do smart meters provide access to helpful information about your energy usage, but they also allow you to switch to a flexible pricing tariff, which could prove financially beneficial if you use lots of energy at off-peak times of day.

Powershop renewable energy

Powershop is owned by Meridian Energy, Australasia’s largest 100% renewable energy generator, so it’s no wonder that Greenpeace rated Powershop as Australia’s greenest energy company. In fact, Powershop says all its customers are completely carbon neutral. Powershop also has GreenPower packs available for customers wanting to give a little bit more back to the environment.

Customers with solar panels receive a fairly generous feed-in tariff for their solar:

  • VIC: 12c/kWh
  • NSW: 10.2c/kWh
  • QLD: 9.5c/kWh
  • SA: 10.2c/kWh

If you have a smart meter, you can also use the Powershop app to monitor electricity usage and access heat maps of your solar panels to see how much energy your system is producing.

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Powershop Gas

In July 2018, Powershop officially launched its natural gas service in Victoria. Powershop says the move came from increasing demand from existing customers who also wanted to receive their gas from the retailer. In order to get gas from Powershop, customers must all sign up to electricity.

Powershop refund policy

Powershop lets its customers easily refund their Powerpacks. Even if it’s just because you’ve simply changed your mind, Powershop customers may receive a full refund by going to the ‘transactions’ section of the online store. The refund option is only available for 48 hours after your purchase. Customers looking to refund an item outside this window will need to give Powershop a call.

Refer a friend

Powershop customers who refer a friend will receive $75 of credit towards their next bill. Powershop says some of its customers have saved well over $3,000 using this referral scheme.

Is Powershop right for me?

Powershop is certainly a different proposition if you’re keen on a change of retailer. Whether you consider its unique billing structure a highlight or a drawback really comes down to the type of energy customer you are. If you’re fine putting in a little effort to get lower prices on energy and can trust yourself to remember to buy Powerpacks, then Powershop could be a good choice. However, if you would rather not have to think about your energy bill more than once every few months, then it’s maybe best you look elsewhere. While you’re fine to treat Powershop like any other retailer and forego purchasing Powerpacks, this would probably end up costing you more on electricity than what’s necessary.

Pre-purchasing power aside, the other major attraction to Powershop is its green energy credentials. Through its parent company, Meridian Energy, the retailer operates many renewable energy assets, including hydro power stations, which it has previously said gives it the opportunity to cut prices for customers. Once the retailer that stuck two fingers up at its rivals, Powershop’s appeal is now much greater than just a protest vote against the big power companies.

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How do customers rate Powershop?

In 2019, Victorian electricity customers gave Powershop 4 out of 5 stars for overall satisfaction in our customer ratings report.

Powershop Electricity Victoria

Canstar Blue
Rating:
Award: Overall Satisfaction

Powershop Facts

Powershop is certainly a unique energy retailer, being one of the first electricity and gas providers to offer a different way to pay your power bills – in advance, that is. Here are some details about Powershop you may not know:

About Powershop

Powershop is owned by Meridian Energy, Australasia’s largest 100% renewable electricity generator that has a number of wind farms and hydro power stations across Australia. While Powershop dates back to 2007 in New Zealand, it only entered the Australian market in 2012, setting up its headquarters in Melbourne.

Powershop Services

The following are the products which Powershop retails:

  • Electricity – VIC, NSW, QLD, SA
  • Gas – VIC
  • GreenPower – VIC, NSW, QLD, SA

Like a lot of other retailers, Powershop services Australian households that require not only electricity, but also gas. What’s unique about the retailer is that it charges customers ahead of usage, much like a pre-paid mobile plan, varying its discounts based on how much power you purchase in advance. Naturally, as a self-proclaimed ‘green company’, Powershop also gives people the option of buying a GreenPower add-on to their tariff, whereby a percentage of their electricity usage then becomes offset by investment in new renewable energy. That being said, even customers who don’t opt in receive carbon-offset energy by default.

More Powershop Services

Service Does Powershop offer it?
Online chat functionality
24 hour call centre
Energy saving tips on website
Green energy options
Notifications when bill is available
Multiple billing options

Powershop: Recent Key Dates

2014 | Powershop is voted the greenest electricity company in Greenpeace’s Green Electricity Guide.

2015 | Powershop launches in NSW.

2017 | Powershop launches in Queensland.

2019 | Powershop launches in South Australia.

2018 | Powershop launches its natural gas service in Victoria.

 

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