$100 Credit for Electricity & $100 Credit for Gas | ($25 on signup, $25 after 30 days, 60 days, 90 days) @ Powershop (New Cust.)

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Powershop, a power company, is offering $200 ($100 for electricity/$100 for gas) credit split up into $25 increments to new customers. You can choose gas, gas + electricity, or electricity. Powershop is available to Victoria, NSW, South East QLD and South Australia.

  • $25 signup credit for electricity (+ another $25 for gas)
  • Further $25 credit for electricity after 30 days (+ another $25 for gas) [Total: $50 electricity and/or $50 Gas]
  • Further $25 credit for electricity after 60 days (+ another $25 for gas) [Total: $75 electricity and/or $75 Gas]
  • Further $25 credit for electricity after 90 days (+ another $25 for gas) [Total: $100 electricity and/or $100 Gas]

If you're switching electricity & gas, this deal is quite good. If just electricity, then $25 better than the referral deal which comes as 1 $75 3 x $25 credits on signup (EDIT: Seems it's changed).

T&Cs

While Powershop works out cheaper where I am, please compare your prices before switching.

VIC: [VIC] Get $50 Cheque When You Use The Victorian Energy Compare Website to Compare Provider Offers (1 Per Household) (Govt. Site)
NSW: Energy Switch (Govt. Site)
SA/SE QLD: Wiki: List of Price Comparison Websites (Commercial Sites)

Also note, that some areas allow you to switch your rate tariff that your distributor offers (e.g. time of day tariff, single rate). Single rates are good for people home in the day. Time of day (e.g. peak/off-peak/shoulder) better for people who are not.

Referral Links

Referral:  neil or random (90)

Both referrer and referee get $75.

Related Stores

Powershop
Powershop

Comments

  •  

    sounds good. Thanks for share. I am gonna do some comparison and make my move!

  • +19 votes

    i was with powershop for many years. switched to tango as it is much cheaper for me (VIC)

    • +6 votes

      I'm with Tango as well. No bullshit pay on time discounts, just straight up cheaper prices.

      •  

        Curious to know more about Tango as I've been with Powershop for years.

        Are you guys using the Tango "Home Select" or "Home Standing" product offer?

      • +2 votes

        Exact same feelings. No messing about, far more predictable and, through all my comparisons of my full 12 months of usage, Tango came out on top. Direct debit, job done.
        The app seems cool with Powershop but I had trouble figuring out exactly what I was paying for from day to day. Rates and specials and special offers just seemed convoluted.

      •  

        Came off Powershop to Globird - v. similar rates to Tango (VIC) +1 these experiences. Much cheaper, much clearer.

        •  

          I switched from PowerShop to Tango. I have 10kw solar so for me the important figure is the difference between feed in and out. With tango it's 19c-13c so 6c difference. With powercrooks it's around 25c-13c, so 12c. Basically halved my supply charge. Plus I just love the simplicity, you can describe the bill with 3 numbers, feed in, out and daily charge. PS is just so complicated I still don't fully understand their bill.

      •  

        Me three! Tango was cheaper without stuffing around. Only tricky thing was that Tango signup is over phone rather than online.

  •  

    has Powershop got a referal for JUST gas?

    • +2 votes

      No. Only Lumo to my knowledge but they just increased rates so research first.

  • +1 vote

    Hmm looks like I'll be paying an extra $35 compared to energy Australia…I wonder if it's worth switching to get the bonus credits then switch again…

    • +1 vote

      It’s not. You get hit by 2 credit checks. Not worth it.

      Source: experience.

      • +1 vote

        I know some don't, like agl and energy Australia. Do you know about powershop?

        •  

          My experience was with Powershop. Moved out and back in for about $100 credit, saw 2 credit checks on my file the next month.

          •  

            @hashtagbargain: That sounds quite bizarre to me that some utilities providers are now doing credit checks. I worked for Gas & Fuel Corp (Vic) back in the 80s; pretty sure they never did then. If you didn't pay I expect you were disconnected after final notices.

        • +3 votes

          EA and Powershop do credit checks. AGL don't.
          Source: I work for them all.

    •  

      Wonder what the minimum term period is. Did you find out? One year or two perhaps?

      • +2 votes

        There is no minimum term, i assume that is why they have changed the deals to 30/60/90 month payments instead of the single lump sum at the start.

        •  

          Thanks for the info. Has been some time since I seriously considered changing providers, but it is good to shop around.

  •  

    Please come to WA! We're sick of synergy's monopoly

    • +1 vote

      Your issue is with the WA state government as they regulate the electricity industry and set the prices. You have a bit more choice when it comes to gas retailers.

  •  

    We took advantage of the Victorian Energy Compare website offer ($50 each; mother and I and we did not switch) previously and found our current supplier deals were pretty good; AGL (mother) and Energy Australia (myself). Still, I will do another comparison and see how Powershop compares with those for now. Thanks for the heads up either way; always worthwhile comparing. I don't mind receiving offers to change over from time to time, so long as those dreaded door knocker pests don't return …

    • +1 vote

      The scheme is one per household correct?

      •  

        Yes, one per property. We don't live at same properties. Mother a Senior and I completed for her. Don't believe her senior friends have heard of or done the same; perhaps their children have not helped them.

  • +5 votes

    I find powershop's pricing structure confusing to compare as they have a unit cost which blends supply and usage into a non comparable manner.

  • +3 votes

    Been with them for a while, their app is pretty amazing to use. You could track your usage on a day to day basis and also pre-purchase electricity for discounted rates. No surcharge on paying by credit card as well

  • +3 votes

    Powershop are great, but you really need to engage with their app and prepay to get meaningful savings. That is - buy the special event energy packs when they pop up, and buy the bulk packs whenever you can. If you let it auto topup the prices are still OK but not the most competitive (or at least, that's the case in my area).

  • +1 vote

    According to Vic gov energy compare site with my past 12 months metre data, Powershop doesn't even make top 10 retailer price wise and even more expensive than AGL. This is not a deal.

    •  

      Please specific the distribution area.

      • +4 votes

        VIC Ausnet - also I was using powershop for a few years so can say their customer service is getting worse whilst price is jacking up.

        • +1 vote

          3004 Vic here and I just compared using smart meter data on the compare.energy.vic site, Powershop is the cheapest by $50 per year for my postcode (citipower) after discounts and the $100 are factored in.

          Just because it's not the cheapest for you that doesn't mean it's not the cheapest for others. Your neg is invalid.

          • +3 votes

            @c0balt: Are you sure Powershop is cheapest? Coz I know for sure Tango is the cheapest at the moment. While it's arguable that Tango doesn't do gas and they don't have functioning online portal. (I'm not a Tango customer for this reason)

            •  

              @pilmarion: The other thing to watch for when using the Vic compare site is to compare like for like. For example, when I compared Powershop it gave me Tango's single rate whereas I'm on a time of day tariff + controlled load.

            •  

              @pilmarion: Yes. Without factoring in the $100, Momentum energy came up as the cheapest for my area estimating a cost of $1090/year with Powershop estimating $1150. I used the citipower website to download my smart meter data for the last year that showed an average of 10kw/day and put that data into the compare.energy.vic site to make the comparisons.

              I'm currently with Amaysim who were the cheapest for my area until 3 weeks ago when they sent an email saying they are increasing their prices by 30%. That was reflected on my recent bill.

              I'm signing up with Powershop now.

          • +4 votes

            @c0balt: I don't believe PowerShop is cheaper than Tango, it's not possible. Tango are 19c and powershop are around 25c even after the fake discounts.

    • +2 votes

      I mean from what I've read about them, it's an investment in renewable and green energy. My household sticks with Powershop because we know that our money is going to at least more sustainable energy sources. And yes we know it is more expensive.

      • +2 votes

        You are the first knowledgeable PowerShopb customer I've ever seen. Most are deluded thinking they are getting cheap electricity.

  • +2 votes

    I was with Amaysim and the gas/electricity price suddenly increased 30%.

  • +1 vote

    Sometimes it is just best and easiest to call your existing energy retailer (Energy Australia for me) and request price match. I have done this at two different occasions and they have agreed both times. Saved me switching and credit check hassles :)

    •  

      Just wondering how do they exactly price match PowerShot? Are you using annual estimation or something else ?

      •  

        I used per kWh & MJ charges, daily supply charge, discount percentage & net difference aspect for discussion. Didn't use powershop in my comparison, used other companies in those instances.

  • +1 vote

    Just called Origin and they extended my plan, good! Thanks!

  •  

    Why does ACT always miss out on such deals?

  • +6 votes

    If anyone is considering PowerShop, please don't.

    I'm in NSW and was using them from 2014 to 2016. Their rate was great at first and you can utilise their pre-purchase energy unit offer through out the month to reduce your monthly fee. However, in early 2015 or so they changed the way how their unit price calculated (i honestly can't remember what it was or how) and you would be paying way more than should.

    Do some research about their unit price calcualtion before you sign up.

    • +1 vote

      They're not aiming to be the cheapest, they're not a budget energy solution however they invest only in green, renewable and sustainable energy resources so that's why my household sticks with them. Definitely not everyone's cup of tea, I know.

      • +1 vote

        If you have your own solar then there is no point going with PowerShop. You're not buying green power as such as you are feeding back into the grid also. You're just paying the PowerShop tax for nothing

      •  

        Are you with them and buying their green power pack ? They charge higher price for green pack and if you happy to pay so then it's your choice honestly.

        If you buying their saver pack i doubt that any of that money goes toward renewable energy.

    • -1 vote

      I left PowerShop for Tango and halved my bill. When you have solar the PowerShop tax really bites. And you have to jump through all their hoops of buying power packs just to end up paying more. Now I have a single bill each month that goes to direct debit. No fake discounts, just a much cheaper rate. Anyone who is happy with PowerShop is delusional

  •  

    Are there any companies that are competitive with Powershop when it comes to investing in and promoting green energy? They seem to be the only ones trying to provide sustainable energy.

  • -2 votes

    Avoid PowerShop people, no real ozbargainer would be with PowerShop. It's like gifting you hard earned to a large greedy corporate.

    •  

      Nah, the big three 'Gentailers' AGL, EnergyAustralia and Origin are the only 'greedy corporates' real ozbargainers should avoid. Powershop is a different business to them, and actually tries to promote renewable energy in different ways.

  •  

    Those in NSW who left powershop, who did you go with? I'm finding powershop getting a touch expensive now. Need to shop around. Have been with them for 5 years across 2 states.

    •  

      I went with AGL. Much cheaper and easier to deal with. Plus you get an Amazon echo when sign up for both electricity & gas, also some welcome credit i believe.

      •  

        AGL seems to have a good deal for new customers with 10,000 flybuys points (i.e. $50 value) plus $25 online signup credit and 23% discount off usage. Plus there is no minimum contract.

        Edit: Having said that, I also check Energy Australia and for their No Frills plan, the rates are actually cheaper (for me at least), although you won't be getting any sign-up bonuses.

        •  

          Apparently Cashrewards also feature Energy Australia with up to $126 cashback.

          Edit: but only for certain plans which do come with $50 sign up bonus per energy

      • +1 vote

        I was surprised to see AGL price is somewhat competitive. Given it's something like Telstra, you pay extra $ for premium quality.

    •  

      Worth checking out Amber - they give you exposure to the spot market price. Really interesting model. Avoid the big three (AGL, Energy Australia, Origin). They might have sweet deals as above but just not worth the hassle of changing again in 3 months when they invariably screw you over.

  • +1 vote

    So my GF and I are moving into a new apartment in Elwood 3184 with ducted heating/cooling - assume it is Gas but maybe not, saw inverter on the balcony.

    People are saying Powershop is crap, but for initial 90 days isn't it going to be a better deal, before we switch to Tango or maybe Sumo (they come up cheapest on compare site, and do gas too).

  •  

    3064 elec Jemena DB and gas Ausnet Central 1, ITs coming quite cheap for gas so i am gonna move for both elec and gas from Alinta to Powershop and probably after 90 days move my elec to Tango! Tango no doubt is best and cheapest for electricity but with $100 cashback powershop will be winner for first 90 days for me!

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