An independent energy provider has removed its low rates on offer in New South Wales, south east Queensland and South Australia, despite usually being price-competitive.
The Aussie-owned retailer claims volatile wholesale market conditions have led to rate rises by up to 50-plus per cent, depending on plan and location.
New customers who sign up to GloBird Energy’s plans will pay higher prices due to an increase to the usage and supply rates – two of the main charges found in power bills.
It’s price changes like these that reinforce why it’s so important for customers in market to check the finer details of a power plan before signing up, said Canstar Blue’s Energy Editor, Jared Mullane.
“GloBird has removed its low rates available to new customers and the new rates they are advertising are much higher than the ones they were advertising only a week ago,” he said.
“Price and product movements aren’t uncommon, but recent increases to rates from retailers like GloBird could be largely driven by soaring wholesale electricity prices we’ve seen of late.”
A recent report from the Australian Energy Market Operator (AEMO) revealed that wholesale energy prices had risen by 141 per cent over the past year.
All of GloBird Energy’s products come with variable rates, meaning prices can change in the future for existing customers, so long as bill-payers are notified in advance.
GloBird Energy Plans
Here are the GloBird Energy 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 3911kWh/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.
Here are the GloBird Energy plans on our database for VIC. 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 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.
Here are the GloBird Energy plans on our database for 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 4613kWh/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.
Here are the GloBird Energy 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 4011kWh/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.
What are the cheapest energy deals right now?
We list the cheapest electricity plans available on our database at the time of publication below. These deals are for residential customers on a single rate tariff living in a specific distribution area – Ausgrid (NSW), Citipower (VIC), Energex (QLD) and SA Power networks (SA).
| State | Energy Provider | Electricity Plan | Estimated Annual Price* |
|---|---|---|---|
| New South Wales | Simply Energy | Simply Energy Saver | $1,003 (28% less than Reference Price) |
| Victoria | ReAmped Energy | Handshake | $951 (27% less than VDO) |
| Queensland | OVO Energy | The One Plan | $1,130 (22% less than Reference Price) |
| South Australia | Elysian Energy | Power Maximiser | $1,150 (31% less than Reference Price + $30 referral credit) |
*Prices assume general energy usage of 3900kWh/year in NSW, 4000kWh/year in Victoria, 4600kWh/yeah in Queensland and 4000kWh/year in South Australia for a residential customer on a single rate tariff. Estimated price includes any conditional discounts that may be available. Prices may differ between distribution areas. April 2022.
GloBird Energy Price Changes
It’s important to call out that these price changes will only affect new customers signing up to GloBird Energy. Existing GloBird customers should not be affected by these latest changes. Always check your bills for any communication from your retailer about any impending rate changes.
New South Wales
| Electricity Plan | Estimated Annual Price Before | Estimated Annual Price After | Annual Price Increase |
|---|---|---|---|
| Boost | $992 | $1,538 | $546 (55.04%) |
| GloSave | $1,013 | $1,545 | $532 (52.51%) |
| GloGreen | $1,248 | $1,642 | $394 (31.57%) |
Prices assume general usage of 3900kWh/year for a residential customer on a single rate tariff in Sydney on the Ausgrid network. Estimated annual price includes any conditional discounts that may be available. Accurate as of April 2022.
Queensland
| Electricity Plan | Estimated Annual Price Before | Estimated Annual Price After | Annual Price Increase |
|---|---|---|---|
| Boost | $1,158 | $1,787 | $629 (54.31%) |
| GloSave | $1,181 | $1,811 | $630 (53.34%) |
| GloGreen | $1,332 | $1,923 | $591 (44.36%) |
Prices assume general usage of 4600kWh/year for a residential customer on a single rate tariff in Brisbane on the Energex network. Estimated annual price includes any conditional discounts that may be available. Accurate as of April 2022.
South Australia
| Electricity Plan | Estimated Annual Price Before | Estimated Annual Price After | Annual Price Increase |
|---|---|---|---|
| Boost | $1,285 | $1,623 | $338 (26.30%) |
| GloSave | $1,295 | $1,638 | $343 (26.48%) |
| GloGreen | $1,532 | $1,737 | $205 (13.38%) |
Prices assume general usage of 4000kWh/year for a residential customer on a single rate tariff in Adelaide on the SA Power network. Estimated annual price includes any conditional discounts that may be available. Accurate as of April 2022.
Compare Energy Providers
See how GloBird Energy compares to other electricity retailers in your state below. Be sure to use our comparison tool to check out which deals are currently available on our database in your area.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 3911kWh/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.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 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.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 4613kWh/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.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 4011kWh/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.
Image credit: Celiafoto/Shutterstock.com
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