Powershop launches gas service in Victoria

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Electricity retailer Powershop says it has responded to demand from customers in launching 100% carbon offset natural gas in Victoria.

The Meridian Energy-owned retailer says customers have been asking it to sell gas for years and that ‘gas’ is the most highly-searched term on its website.

Powershop’s move into the gas market is a welcome boost for competition in the state, at a time when most Victorians will be expecting their biggest bills of the year.

CEO of Powershop and Meridian Energy, Ed McManus, said: “Our customers have been asking for us to retail gas since we launched in 2014.

“Being able to offer our customers a gas product that is 100% carbon offset at no extra cost to them goes to the heart of what we are trying to do as a brand: change the energy industry for good and prove to Australians that they can choose a better power company.

“Over 80% of Victorian households have a mains gas connection, and retailing gas allows Powershop to continue to grow our customer base, which will allow for further investment in Australia’s renewable energy future.”

Powershop says the news marks another significant growth milestone for the retailer, which now has 100,000 customers across Victoria, New South Wales and South East Queensland.

Earlier this year, Powershop’s group of companies purchased three hydro power stations and also signed agreements with two new renewable projects to purchase more renewable power to support its continued customer growth.

In launching its gas service, Powershop says its gas and electricity customers will be the only Australians with 100% carbon offset energy at no extra cost to them.

Powershop also recently cut electricity prices in QLD and NSW. Customers in Victoria saw their rates cut in March. The following table shows Powershop’s existing electricity offer for Victoria, based on a three-person household on the Citipower network in July 2018. Gas is only available as part of a dual fuel plan. This is a sponsored product. See here for latest pricing.

Brand Features Benefit Period Annual Cost**
Powershop Logo

Power Saver

  • 19.5% discount when product conditions are met. See Powershop website for further details ¨
Ongoing Benefit Period $1,234.54Annual Cost** Go To Site

Gas prices going up in some areas

While Powershop’s move into the Victorian gas market will mean a boost to competition in that state, the news has not been so positive in other areas at a time when price changes for the next 12 months have been announced.

In South Australia, AGL and Red Energy have both increased gas price by more than 2%, while Origin, EnergyAustralia and Simply Energy have kept rates on hold.

In NSW, AGL and Red Energy have both increased gas prices by 1.8%, while Origin and Simply Energy have cut rates by 3%. EnergyAustralia prices go unchanged.

AGL and Origin have both frozen their gas rates in Queensland, while Red Energy has launched in the state for the first time.

Powershop does not retail gas outside of Victoria, but has hinted that it may in future.

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