Alinta Energy & Red Energy drop prices in QLD

If you live in South East Queensland, there has probably never been a better time to compare electricity plans and find a better deal. That’s because two of the region’s newest energy providers have just reduced their prices, potentially triggering a price war that could benefit all electricity customers.

A typical family of five with Alinta Energy can expect to save an additional $60 a year after the retailer increased its conditional discount from 25% to 28% in February. The move came just a few days after Red Energy reduced its energy usage rates, resulting in savings of around $100 for a typical five person family with the company.

Alinta Energy and Red Energy have been two of the most competitively-priced electricity providers in the Brisbane area for some time, with their latest price reductions increasing the pressure on other retailers to follow suit. And some have reacted in recent months:

  • AGL has increased its largest conditional discount from 12% to 18%
  • Origin has increased its largest conditional discount from 10% to 16%
  • Powershop has increased its conditional discount from 10% to 15%

Canstar Blue is also aware that energy retailers have been offering personal deals to households who threaten to switch, significantly cheaper than their published offers. In most cases, this will mean a higher conditional discount.

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Queenslanders switching in their droves

A recent Canstar Blue survey found that 22% of Queensland households have switched electricity providers in the last two years. Indeed, Alinta Energy says it has acquired $100,000 new customers since launching in the state, as part of a joint venture with the state Government-owned CS Energy.

“When we launched into the South East Queensland market in August 2017, we said we wanted to provide customers with lower cost electricity and we meant it,” Alinta’s Executive Director, Retail Markets, Jim Galvin, said in a media statement. “We want to say thank you to these customers and let them know they do not need to do anything to receive these additional savings, the 28% pay on time discount will be applied automatically to all Alinta Energy bills from Monday 12 February 2018.

“For customers thinking of making the switch to Alinta Energy, they should ask themselves if their current electricity provider has voluntarily reduced their prices over the last ten years. We understand households don’t have a lot of time on their hands. That’s why we want our customers to know that we don’t expect them to have to check they’re on our best deal.”

In addition to offering one of the cheapest plans in the Brisbane area, Alinta Energy also recently topped Canstar Blue’s customer satisfaction ratings for electricity providers in Queensland, with Red Energy in joint-second place.

Alinta Energy Vs Red Energy

We’ve established that Alinta Energy and Red Energy are two of the most price-competitive electricity providers in Queensland and have some of the most satisfied customers, so here are the facts about their respective offers:

Alinta Energy Red Energy
Electricity Offer HomeSaver Plus Easy Saver 10%
Conditional Discount 28% 10%
Discount Applies To Usage charges Entire bill
Benefit Period 2 years Ongoing
Exit Fees No No

Details correct as of February 2018

Are you getting a good deal?

To understand the impact that Alinta Energy in particular has had on the Queensland energy market, you only need to take a look at Canstar Blue’s electricity database which shows the difference between the cheapest and most expensive electricity plans in the Brisbane area is over $1,100 a year.

With that in mind, there has probably never been a better time to consider your electricity options and find a better deal – whether it’s through switching retailers or just negotiating improved terms with your existing provider. However, be aware that the cheapest power deals are usually only made possible because of large conditional discounts. In the case of Alinta and Red Energy, these discounts are only available to customers who pay their bills on time and in full. Failure to do so could mean you are left paying considerably more.

Also be aware that electricity prices can, and do, change frequently, so be sure to check our comparison tool regularly to compare offers and make sure you don’t miss out on the next best deal.

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