Energy Australia - up to 20,000 Velocity Points for New Account, 2,000 Velocity for Existing Customers

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EnergyAustralia

• 

  jv on 23/02/2017 - 00:24

  +2

  Not much of a bargain if your electricity ends up costing you more…

  • 

    swimmingtoad on 23/02/2017 - 10:01

    +2

    Agreed. Energy Australia is 2.4x the cost of AGL in my area when averaging my annual gas and power usages. And AGL isn't even the cheapest.

    • 

      Frankenbeanie on 23/02/2017 - 11:39

      how do you compare the rates? I used one of the comparison sites and EnergyAustralia was the winner. I am with Energy Australia and was wondering if i could save some money on my bills by switching. they do give me 18% and 15% discounts on electricity and gas respectively if bills are paid on time.

      • 

        swimmingtoad on 23/02/2017 - 11:57

        I created an excel spreadsheet with my average monthly usage.

        Then I entered 10 energy companies rates and discounts (whether usage or supply and usage)

        Then worked out a $ value depending on a varying rates. All the usage rates are generally structure differently i.e. Monthly steps, fortnightly stepped rates, flat rates or daily steps. Which is deliberate so it's difficult to compare.

• 

  LikeHTC on 23/02/2017 - 01:07

  Does anyone know how much (in monetary terms) is 20,000 points equivalent to?

  • 

    illumination on 23/02/2017 - 01:59

    +2

    Depends on how you value it, what you plan to use it on.

    On gift cards, it's ~$110.
    If you "sell" your points (technically against program's T&Cs so beware), then ~$200.
    If you use it on flights, then anywhere from $200 to potentially $1000, some say.

    • 

      LikeHTC on 27/02/2017 - 18:32

      wow I see. Not bad. Thanks

• 

  Robin2012 on 23/02/2017 - 01:15

  thanks for sharing

• 

  illumination on 23/02/2017 - 02:00

  Not a bad promo it seems, but can't see the actual rates they charge listed clearly. Might look into it later.

  • 

    Diji1 on 23/02/2017 - 02:06

    They don't want you comparing their rates to other providers.

  • 

    Holysmoke on 23/02/2017 - 06:31

    https://secure.energyaustralia.com.au/EnergyPriceFactSheets/…

• 

  nightelves on 23/02/2017 - 08:17

  Not sure if you can sign up for 1 month to get the points then leave. Their rates are high compare to others.

  • 

    vr4indian on 23/02/2017 - 08:47

    Please be mindful of Disconnect Fees. It can be from $40 to $ 190 .

    So no joining or exit fees but Disconnect fees.

    Same goes with credit card. there may be no annual fees but you may end up in paying Reward fees.

    • 

      nightelves on 23/02/2017 - 08:49

      Ok that I didn't know about as I have never been charged. Thanks for the heads up. Will definitely ask if I do join.

      • 

        vr4indian on 23/02/2017 - 08:56

        Let us know your findings. May be others get an idea as well

      • 

        [Deactivated] on 23/02/2017 - 12:52

        @vr4indian:

        I need an electricity account for a rental property that will be vacant for a short period in between tenants, I'm hoping there is no such fee if the account is simply churned to a new provider / whoever the new tenant chooses, 20k points would be great.

• 

  internet-stranger on 23/02/2017 - 09:12

  +1

  Just looked as prices, in my area for example,
  Energy Australia is 83.9c a day + 26.7c a KW
  Red Energy is 74.6c a day + 22.5c a KW

  So much better value to go with Red Energy even with the Virgin Points.
  Also see: http://www.energymadeeasy.gov.au/

• 

  damion on 23/02/2017 - 09:59

  Also, consider the below-average ranking by Green Electricity Guide:

  "It is the second biggest carbon polluter in Australia – thanks to its coal plants in Victoria and NSW – and has the highest emissions intensity (carbon pollution per unit of energy generated) of the big three retailers."

  Cons:
  * Offers to solar customers substantially more expensive than offers to nonsolar customers
  * Investments in coal power stations and CSG, and emissions intensity above NEM average
  * Supported weakening of the RET

• 

  Sweet3st on 23/02/2017 - 10:24

  Nothing for existing customers? :(

  • 

    spendmoresavemore on 23/02/2017 - 11:57

    There is. You don't get as much as a new customer though. It's in the FAQ https://www.energyaustralia.com.au/velocity-faqs

  • 

    sezzyp on 23/02/2017 - 12:01

    EXISTING ENERGYAUSTRALIA CUSTOMERS

    Existing EnergyAustralia customers will be rewarded with:

    A $100 Virgin Australia Holidays voucher^
    2,000 anniversary Points per plan each year
    How to get started with Velocity as an existing EnergyAustralia customer

    With an eligible EnergyAustralia plan, opt-in to receive bills and correspondence via email and set up direct debit. Then link your Velocity membership number to your EnergyAustralia account.