Households looking to stick with an electricity provider for the long haul may want to divert their attention to Origin Energy and its latest switching promotion.
The utilities giant is currently serving up $100 in bill credit to new electricity customers in New South Wales, south-east Queensland, South Australia and the Australian Capital Territory who stay loyal to the provider beyond the energy market’s biggest annual price change event: July 1.
July 1 is traditionally the date that default power prices change across NSW, Victoria, SEQ, SA and the ACT. In Victoria, this is referred to as the Victorian Default Offer (VDO) whilst in the other aforementioned states and territories, this is considered as the reference price.
This coming July 1 is anticipated to bring increases of up to 31% for default power prices across NSW, VIC, SEQ and SA.
Origin’s credit is currently applicable to new sign-ups on its Go Variable and Everyday Rewards Variable electricity offers in NSW, SEQ, SA and the ACT and will be paid as a one-off credit on customers’ first bill after July 1.
Both these offers come with variable rates over a 12-month benefit period with no lock-in contracts. Everyday Rewards Variable however, comes with the added bonus of a one-off payment of 5,000 Everyday Rewards points for eligible Everyday Rewards Members. These customers will also continue to earn an additional point for every $1 paid on their bills for the duration of the plan.
For the full terms and conditions surrounding Origin’s credit it is best to visit the Origin Energy website for more information.
This offer isn’t currently available to Victorians or natural gas only customers.
Origin Electricity Prices
Here are the Origin 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 Origin Energy 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 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 Origin Energy 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 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 Origin Energy 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 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.Origin Energy Prices NSW
Origin Energy Prices VIC
Origin Energy Prices QLD
Origin Energy Prices SA
Is waiting for Origin’s electricity credit worth it?
While the above prices do look quite attractive for Origin’s electricity plans, it is important to remember that the bill credit on offer won’t be available to customers for at least another two months.
Canstar Blue Utilities Editor Tara Donnelly said the credit then would be better suited to those that hoped to reduce incoming July 1 bill shock.
“While the plans in question from Origin won’t be directly impacted as a result of July 1 since they are market offers, there could still be some slight movements ahead, as with any other power plan,” she said. “This is because most retailers also use this as an opportunity to adjust pricing across their whole product line-up.
“As such, Origin’s credit could be useful for customers who are looking to avoid bill shock as a result of July 1 power price changes,” she said.
However, Ms Donnelly cautioned households of comparing plans on sign-up incentives alone.
“Bill credits and speciality offers can add great value to an electricity plan, but these shouldn’t be the only consideration when choosing the right deal for you,” she said. “Customers should also take care to compare the usage and supply rates on any offer before making a purchase decision, as these are the costs that will be impacted on a day-to-day basis by your home energy usage. All of these details can be sought in the energy fact sheet of your plan.”
See the hottest power deals in your state now
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.
Looking for more value from your Origin Plan? Chuck on NBN for an additional 30,000 Everyday Rewards points PLUS free Paramount+ streaming
If an electricity bill credit wasn’t enough to entice you, then Origin’s latest NBN deal may be more suited to your tastes.
From now until June 14, 2023, the retailer is giving away a free 12-month subscription to Paramount+ and a hefty 30,000 Everyday Rewards points to all new customers who sign up to one of Origin’s internet plans, including NBN plans and Opticomm plans across all speed tiers available.
For a sneak peak at Origin’s NBN pricing, click the link below. Full terms and conditions of this offer can be found on Origin’s website.
Image credit: fizkes/Shutterstock.com
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