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With the recent controversy surrounding the value of plans boasting large energy discounts, retailers such as Origin Energy have started to roll out 0% discount plans, instead promising consistent low rates. Origin’s ‘Low Rate Plan’ is just that, a plan that has no discounts but is claiming good savings regardless. But is it all that it’s cracked up to be? And will it save you money as the provider claims? Find out with Canstar Blue’s review of the Origin Low Rate Plan.
The Origin Low Rate Plan was originally titled as ‘One Low Rate’ but has since been rebranded.
What is the Origin Low Rate Plan?
Low Rate Plan is Origin’s no discount, no frills electricity plan that boldly claims “usage charges so good you won’t need a discount!”. It’s called the Low Rate Plan because it comes with Origin’s lowest underlying tariff (i.e. cheapest rates). Like other Origin plans, such as the Maximiser and Saver, it’s available with either single rate or time of use tariffs. The catch with the Origin Low Rate Plan is that you’ll need to set up direct billing and agree to email billing and correspondence in order to sign up. Naturally, it claims low rates.
The Low Rate Plan also comes with fixed rates for 12 months, so you won’t need to worry about any sneaky price increases for that period. After the first year, you’ll probably want to compare your options again to ensure you’re still getting a good deal.
Compare Electricity Plans
You can see a range of other Origin plans, as well as other providers in your area via the links below. And also remember to use our comparison tool for a specific quote in your area.
- Cheapest Power Prices VIC
- Cheapest Power Prices QLD
- Cheapest Power Prices SA
- Cheapest Power Prices ACT
- Cheapest Power Prices NSW
Is the Origin Low Rate Plan a lock-in contract?
While you’ll be on an ongoing contract with the Origin Low Rate Plan, there are no exit fees, so you can leave easily if you feel the need. The plan comes with fixed rates for 12 months, so you can rest assured that the specific usage and supply rates you pay will not change for the term of the agreement (12 months).
Energy providers, and the big three especially, tend to change their prices once a year anyway, and depending on what state you’re in, this could either happen on July 1 or January 1. It’s best to stay in contact with your provider though, and bring up any concerns that you have about an especially high bill.
Does Origin Low Rate Plan have a solar feed-in tariff?
- VIC: 9.9c/kWh
- QLD: 7c/kWh
- SA: 10c/kWh
- ACT: 8c/kWh
- NSW: 8c/kWh
If you’re searching for a solar-oriented plan, Origin has its Solar Boost and Solar Boost Plus products. Or head to our page on the cheapest solar feed in tariffs by state to compare more.
Does Origin Low Rate Plan have GreenPower options?
For the environmentally conscious, Origin is offering the option to add GreenPower to all of its plans, and in this case, the Origin Low Rate Plan. What this means is that customers can have their carbon emissions offset through their retailer purchasing power from GreenPower certified renewable sources to the equivalent of their usage. Customers can choose to have either 25%, 50% or 100% of their usage matched. Here’s what you can expect to pay on top of the standard rates:
- 25%: $2/week
- 50%: 2.81c/kWh
- 100%: 5.61c/kWh
A common misconception with GreenPower programs is that you’ll actually be getting power from renewable sources, but as all electricity is sourced from the National Electricity Market – which includes power from coal-fired power plants – no retailer can claim that customers are buying green energy. Instead, GreenPower works to support investment into renewable power generation, rather than actually supplying you with green power.
Origin Low Rate Plan Fees
Like all energy plans, you’re going to find some fees associated with being on Origin Energy’s Low Rate Plan. These include:
- Connection fees
- Late payment fees
- Credit card payment fees
As the plan requires you sign up to email billing, fees for paper bills naturally won’t apply. Not only that, there also aren’t exit fees, so you’ll have peace of mind you won’t be hit with a fee if you do decide to chase a different deal.
Is the Origin Low Rate Plan right for me?
Based on its current rates, Origin Low Rate Plan seems like a good value product, showing up as among the cheapest plans on the market right now in most states. This is good news for those interested in Origin, but be sure to thoroughly compare plans for different providers before you dive in. While the Low Rate Plan pricing won’t change after you sign up (for at least 12 months that is), the plan’s rates could be adjusted for new customers before they get on board, making it a less competitive option compared to others.
For those that enjoy the freedom of choosing how they’re going to correspond with their energy company, and would prefer to pay their bill at their own convenience, it seems that the Origin Low Rate Plan might not be the right fit. But if you’re comfortable with direct debiting and getting your bills through email, Low Rate Plan is a viable option. To compare the current deals on our database, follow the link below.
Picture credits: Lisa S/Shutterstock.com