ReAmped Energy makes July price move, other retailers look away now

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The energy retailer that keeps cutting prices has done it again – this time waiting for others to make their July 1 changes before adjusting rates once more to ensure it remains the cheapest deal in town.

Like a hunter waiting for its prey to make the first move, ReAmped Energy watched other retailers slash their costs in the annual July 1 energy-price-change-merry-go-round, before knowing exactly what to do to return to the top of energy comparison tables, including Canstar Blue.

It means that ReAmped Energy is – at the time of writing – once again the cheapest provider on Canstar Blue’s database for both Queensland and most parts of New South Wales, based on the standard Default Market Offer usage assumptions for networks in these areas.

Earlier, retailers including Kogan Energy, Simply Energy and Powershop all reduced rates to become far more competitive across the states, taking advantage of reduced wholesale costs to pass savings onto new and/or existing customers. Energy giants Origin, AGL and EnergyAustralia also passed on modest rate reductions.

And in a fashion we’re now accustomed to – ReAmped Energy was waiting to see how the dust settled before revealing its latest move, with savings increased to 25% less than the Reference Price.

ReAmped Energy Prices

Here are the ReAmped 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 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.

Here are the ReAmped Energy plans on our database for 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.

Here are the ReAmped plans on our database for South Australia. This is a product from 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 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.

Never-before-seen tactics

Canstar Blue energy expert, Simon Downes, said that having a retailer willing to constantly reduce prices in light of competition can only be a good thing for consumers.

“We’ve really never seen anything like this before,” he said. “If you had told me a couple of years ago that we would see a retailer consistency undercutting the competition on price, I never would have believed you. But here we are.

“This is the type of competition everyone wants to see. Well, maybe except for the other retailers who had just reduced their own prices, only to discover it wasn’t enough.

“ReAmped Energy is an online-only retailer and knows how to play the game of jostling for position on comparison websites to ensure it remains the most prominent brand and will therefore attract the most attention. But it backs up this tactic by genuinely delivering great value and customer service.”

Energy Prices Compared

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 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.

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 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.

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 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.

Image credit: Roman Samborskvi/Shutterstock.com

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