Red Energy accelerates into electric vehicle market

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Red Energy has announced it will provide free electricity to electric vehicle owners every weekend to charge their cars.

The ‘Red EV Saver’ will offer two hours of free electricity usage charges between midday and 2pm every Saturday and Sunday.

Aside from free power, Red Energy is also promising that for each unit of electricity used, the company’s owner – Snowy Hydro – will match it by generating the same amount from a renewable source.

Electric vehicles or ‘EVs’ have become increasingly popular in Australia’s car market as many consumers shift away from fuel-powered automobiles, but switching to an EV comes at an additional cost.

According to Red Energy, electric vehicle charging costs add roughly 35% to an average customer’s yearly electricity consumption.

CEO of Red Energy, Iain Graham, claimed the latest proposal is to reward EV owners with lower recharging costs while helping the environment by reducing emissions.

“We are a business that’s owned and powered by one of Australia’s leaders in renewable energy, Snowy Hydro,” Mr Graham said.

“This product is supported by Red’s renewable matching promise. We know renewables are important to electric vehicle owners which is why we think Red’s offer will appeal to these customers.”

Customers looking to sign up to the EV deal will also need to have a smart meter installed at their property.

The Red EV Saver is set to officially launch in early March to coincide with the Formula 1 Rolex Australian Grand Prix 2020.

Red Energy is an Australian-owned retailer, supplying power to customers across New South Wales, Victoria, Queensland, South Australia and the ACT. The company is known for its partnership with Qantas, offering generous amounts of frequent flyer points across most of its plans.

For more information, please visit Red Energy’s website directly.

Red Energy Pricing

Here are Red Energy’s 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 Red Energy’s 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 Red Energy’s 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 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 Red Energy’s 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 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 credits: Scharfsinn/shutterstock.com

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