The energy plan you need to know about – December 2019

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Energy prices only ever seem to go in one direction, which is why we’ve made it our mission to bring you the latest details on the plans offering great value. As such, this page will be updated monthly as we highlight a new product worth considering, whether it’s price-competitive, or just offering an interesting sign-up bonus or feature. So, without further ado, here is this month’s energy plan you need to know about, as judged by our team of energy experts.

ReAmped, ReAmped HandshakeAvailable in: NSW, QLD

Why do we think this deal is worth knowing about?

ReAmped is a new energy retailer that has branded itself as “Australia’s first all online retailer,” meaning that it is in support of tech-based communications rather than call centres. What does this mean? It means that instead of picking up the phone to ask questions about your plan, you’ll instead hop online and ask the live chat on the ReAmped website. Not only that, but you’ll sign up online and manage your account and billing there, too.

The ReAmped Handshake is a slightly unusual deal, as it relies on customer loyalty for a year in order to be eligible to sign up. But here’s the weirdest part, this is a no lock-in contract plan, meaning it’s just your word (or handshake) upholding the deal. Upon agreeing to this set of conditions, customers will be able to access higher rates than available on its other plan, Anytime. At the time of writing, ReAmped’s Handshake plan is the cheapest on our database in both NSW and QLD, which is exactly why we’re featuring it this month.

ReAmped Handshake Costs

NSW Prices

Here is the ReAmped Energy ReAmped Handshake in NSW. This is a product 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.

QLD Prices

Here is the ReAmped Energy ReAmped Handshake in SE QLD. This is a product 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.

Anything I need to know about?

When it comes to ReAmped, you’ll really just have to make sure you’re comfortable with their main shtick- the online thing. This retailer really wants to stress that their business model works best on the internet, with e-billing and e-communications in place to keep costs low for them, which ReAmped then passes on to its customers through low rates.

For the Handshake deal specifically, it is worth mentioning that you’ll be expected to stick around for a year, even without the lock-in contract. Though, without any exit fees, you can still choose to leave before that period if you find the online set up and monthly billing too difficult to manage.

How does this deal compare to others?

In the game of energy there can only be one winner. Only kidding- but there are some plans on offer in each state offering some winning value.

ReAmped Handshake Compared in NSW

In NSW, ReAmped Energy comes out on top as the state’s cheapest plan in our database. That’s not to say it’s by much, though. In fact, the difference between the cheapest plan and the second-cheapest (Powerclub Powerbank Home Flat) is less than $10 a year in annual costs. That’s less than a dollar per month. Not far behind is Origin Energy‘s Max Saver – Online Special, offering 17% off the NSW Reference Price. To compare more plans in NSW, follow the link below:

ReAmped Handshake Compared in QLD

This December, ReAmped Energy’s Handshake deal beats out the competition, working out to be the cheapest in our database with 18% off the Reference Price. Click Energy‘s Hibiscus is only a hair behind at 17% less than the Reference Price, followed by Powerclub‘s Powerbank Home Flat. Keep in mind other elements such as value-add incentives when choosing a plan. To see a more comprehensive list of what’s on offer in Queensland, check out the page linked below:

Image credits: 053StudioSign/shutterstock.com

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