Recently moved to Amber Electric for their wholesale price. I know there is a risk that the price could spike. On the other hand, there is a protection that it won't be more than VDO over the year. I was previously with AGL, which was better than VDO.
Here is my take on Amber based on the last two months' usage.
The price spike is guaranteed around before and after school hours most days.
The price spike happens even in winter. Up to now, I had 3 spikes of over 1$ per KWH, which swallowed half of my savings for that month compared to my AGL rate.
Even after all these, I managed to get few $ savings over my AGL plan roughly per month.
So the dilemma is that even in winter I don't save much, what will happen in summer when it is guaranteed to spike. Anyone out there still sticking with Amber? or moved out of Amber? How much you save?