social energy logo

Social Energy Review & Rates

Fact Checked Fact Checked

Social Energy calls itself a ‘new kind of retailer’, which is first and foremost for households with solar battery systems. Hailing from the UK, this company has landed on Aussie shores, casting a wide net over NSW, QLD, SA, ACT and TAS. For eligible customers, this company offers a feed-in tariff (FiT) that’s well above market average, as well as seemingly generous savings off the Reference Price.

Sounds too good to be true? We’ll cover everything you need to know about Social Energy in this review.

Social Energy Prices NSW

Here are the Social Energy plans on our database for NSW. 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.

Social Energy Prices QLD

Here are the 1st Energy plans on our database for SE QLD. 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.

Social Energy Prices SA

Here are the Social Energy plans on our database for SA. 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.

Social Energy Plans

Social Energy curates its energy deals for homes with solar panels and batteries. Unfortunately, that means the majority of households won’t be eligible to sign up. For those that are, customers must have a battery that can be accessed through the internet, as part of the deal is that Social Energy can remotely control your system. If you own a battery, this shouldn’t sound unfamiliar as Virtual Power Plants have grown in popularity in the last few years. The gist of it is that Social Energy can export your excess energy, providing you with a generous feed-in tariff in return.

How good are we talking? 40c/kWh. Considering the market average sits between 8c and 12c, that can really add up. For those that don’t have solar but are interested, Social Energy has a network of approved solar and battery installers that ensure your system is compatible with the retailer’s framework. It’s currently slinging a home battery by Duracell which comes in multiple sizes. Once connected, this retailer will provide access to insights such as real time solar panel monitoring, battery capacity and export information.

Social Energy Better Together Plan

As mentioned, Social Energy provides a premium feed-in tariff to those that meet its solar and battery requirements, but what else is on offer? In NSW, QLD, SA, ACT and TAS, this retailer has an electricity deal called Better Together, which appears to be a no-frills energy plan with seemingly competitive rates. Coupled with a 40c/kWh FiT, the idea is that this deal would fast track the break-even rate on your system.

However, for households with just solar panels, the feed-in tariff drops quite substantially, to between 8.3c/kWh and 10.75c/kWh depending where you live.

Social Energy Solar

Here are the feed-in tariffs offered by Social Energy. The premium tariff is only available to households with a smart solar and battery combo compatible with Social Energy’s system

State and network Enhanced solar & battery feed-in tariff Solar feed-in tariff
NSW Ausgrid Energy 40c/kWh 9c/kWh
NSW Essential Energy 40c/kWh 9.25c/kWh
NSW Endeavour Energy 40c/kWh 9c/kWh
QLD Energex 40c/kWh 8.3c/kWh
SA Power Networks 40c/kWh 10.75c/kWh
SA Power Networks (If you have the Duracell Energy Bank 2) 50c/kWh 10.75c/kWh
ACT Evoenergy 40c/kWh 9c/kWh
TAS TasNetworks 40c/kWh 9.35c/kWh

Source: Social Energy Australia website

Is Social Energy right for me?

Social Energy isn’t a one-size-fits-all retailer. It specialises in serving households with solar and battery combination systems, which excludes a good few people. However, since this retailer provides a road to solar installation – and with rooftop solar growing in popularity as the years progress – it could be tempting to those that like things that come in neat packages.

Nevertheless, what’s important to consider is that there are many different solar and battery options, and it’s a good idea to get a few quotes before making a decision, regardless of the feed-in tariff. After all, with the use of a battery, you’ll be storing most of your unused energy, rather than exporting it into the grid.

Image credit: Jandrie Lombard/Shutterstock.com

Advertisement