Sumo Power Review and Rates

Sumo Power is a small electricity retailer with a pretty big attitude, boasting the slogan ‘Unbeatable. Unmatched. Unstoppable.’ Sumo Power is 100% Australian owned and is relatively new, having only received its retail licence in early 2016. It currently only sells electricity to Victorian homes and businesses, though it’s expected to soon introduce gas plans as well.

If you’re interested to learn more about Sumo Power, then keep reading. Canstar Blue reviews its plans and prices, and assesses whether or not Sumo Power is the best electricity retailer for you.

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Sumo Power Electricity Plans

Sumo Power might be new, but it entered the retail market with all guns blazing. Sumo Power has three residential market offers. They include two deals with generous conditional discounts, as well as Sumo Power’s famous ‘All You Can Eat’ electricity deal.

Residential 32%

This is a variable rate contract with a two-year benefit period. It has a 27% discount on usage charges when you pay on time, plus a bonus 5% for the first 12 months of the plan. There are no exit fees on this plan, meaning customers are free to come and go as they please. Those with solar panels will also receive a feed-in tariff of 9.9c/kWh – Victoria’s mandated minimum rate.

Plan Max Discount Annual cost
Residential 32% 32% $2,240.44

Costs based on annual usage calculations using statistics from the AER for a five person household. Costs based on Citipower network in Melbourne, June 2018.

Residential 37%

Sumo’s Residential 37% comes standard with a 27% pay on time discount off usage charges for a two-year benefit period. Customers who sign up now will also receive a bonus 10% pay on time discount (for a total discount of 37%) for the first 12 months. This deal is only available to residential customers consuming less than 100MWh per year. Solar customers again receive the standard 9.9c/kWh feed-in tariff.

Plan Max Discount Annual cost
Residential 37% 37% $2,108.21

Costs based on annual usage calculations using statistics from the AER for a five person household. Costs based on Citipower network in Melbourne, June 2018.

Standing Offer

Standing offers are government-regulated energy plans that offer a straightforward deal with no bells or whistles. Standing offers, also referred to as ‘standard’ offers have no exit fees to lock you in, so you’re free to leave at any time. However, there are no discounts and rates are usually much higher compared to a retailer’s market offer, as such, they are generally not recommended for most customers.

Plan Max Discount Annual cost
Standing Offer N/A $4,563.30

Costs based on annual usage calculations using statistics from the AER for a five person household. Costs based on Citipower network in Melbourne, June 2018.

See how Sumo Power compares on price to other electricity retailers in Victoria with our cost comparison report.

Sumo Power All You Can Eat plan

This plan is designed to help customers avoid bill shock by having them prepay their annual electricity bill in one or two instalments. Using your electricity usage history, Sumo Power estimates your electricity usage for the year ahead and charges customers accordingly. It’s called ‘All You Can Eat’ because even if your usage exceeds what Sumo Power expected, you won’t be charged anything extra. Any changes to your electricity usage habits will simply be accounted for when prices are adjusted in the following 12 month period.

Billing

Sumo Power has three simple ways for customers to pay their bill:

  • Online: Accepts Visa, Mastercard and Amex. 0.7% card surcharge applies.
  • BPay: Pay with your mobile using the biller pay code.
  • Telephone: Use your phone to call Sumo and pay the old fashioned way.

Sumo Power is also working on a ‘My Account’ feature for its website which will let customers view their bills and electricity usage figures online.

Is Sumo Power right for me?

Sumo Power may be new, but it holds its own in the electricity retail market and has brought some interesting new deals to the table. Its rates are reasonable and its discounts are pretty generous, particularly during the bonus period. There are also no exit fees on its regular market offers, meaning you’re free to leave if you’re not happy.

In addition, Sumo Power is one of only two retailers in Australia to offer a fixed cost plan. If you’re comfortable fronting your annual electricity bill in one or two payments, then this plan is a great way to give you peace of mind. That said, you need to make sure you’re using enough electricity to get your money’s worth.

Finally, while Sumo Power’s discounts are impressive, you should always check the base rates when comparing retailers. Sometimes large discounts are masking increased rates, so it’s important to look closely at the fine print when comparing power companies.

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