Currently, I am on the Red Energy fixed-rate plan (25.5c/kWh), but it is expiring in January :/ I found this plan to be cheaper compared to the new Red fixed-rate plan:
Nectr 100% Clean:
12 months Guaranteed
All Day Usage 31.94 c/kWh
Supply Charge 100.87 c/day
Solar Export All Day Usage (GST exempt) 4.4 c/kWh
Solar Export Supply Charge 0 c/day
Red Fixed rate:
6 Months guaranteed
Service to Property: 121.000 c/day
Anytime: 35.145 c/kWh
Referrer and referee receive $50 credit towards next bill after referee has paid the first energy bill in full by the due date.
My Nect rates listed here in Adelaide for comparison
All Day Usage 44.64 c/kWh
Supply Charge 144.71 c/day
Solar Export All Day Usage (GST exempt) 1.98 c/kWh
Solar Export Supply Charge 0 c/day
Super expensive
Yes, but cheapest if you're after fixed rate. Variable is a trap.
Is there somewhere we can look at historical prices for electricity plans? How often does the variable rate get raised?
Not that I know of. I just use this website to compare plans:
https://www.energymadeeasy.gov.au/plans/results
@mirovich: I've come across that. I was trying to compare fixed to variable. If they only increase the variable every 6 months for example it might be cheaper than the fixed option.
@Noppy: I think most providers review the rates every 6 months or 1 year but I have 0 trust in them, this is why I just fix for piece of mind.
My variable plan with GloBird energy is going up about 40% next month! I think they said it's an once a year increase (I obviously will be moving)
@hen dawg: I jumped from Globird to Nectr (im in QLD) Nectr was estimated at $20 more expensive but is 100% carbon offset and prices locked for 12 months. Also next to no additional fees didnt even have a late payment fee
i pay 60cents-$1 kwh, that's super expensive.
That's crazy. I'm paying 27c per kwh and 66c daily
which company?
"Clean" - if only they told the truth
Yea bruh, clean coal.
Why don't you show us the truth?
Victoria rates inner Melb
All day usage 20.79 c/kWh
Supply 1.01135 c/day
I am on 21 c/kWh with Nectr fixed until July in QLD
Reading the rates above I better get solar+battery soon
I'm on the same, be interested to see what the new rates they will offer are. 92c supply charge is beginning to look cheap
Solar is generally great, batteries are generally not worth it for most people
All Day Usage 35.67 c/kWh
Supply Charge 180.87 c/day
Not the best for me
That’s insane. Where’re you located?
A small town in NSW.
Unfortunately 35.67 c/kWh is close to the cheapest for me.
I was paying 18 c/kWh before I moved here :(
$1.80 a day for supply’s more what set my head spinning
@0jay: Yeah… its 40c a day more than my other choices.
So terrible.
The daily supply cost is about half my bill even at $1.40
Exactly the same rate for me. Nectr isn't even offering me TOU plan. Regional sucks :(
What's your other provider?
I'm with globird but switching to origin because they have the lowest rates for me in 2024 and I managed to sign up to their family & friends deal + get $150 credit https://www.ozbargain.com.au/node/791503
Yeah that's pretty cheap !
Most providers seem to be rising their rates after Jan24 though so I'm a bit hesitant to jump ship from Red Energy to the variable plan :/
In vic some inner suburbs $0.86 supply
Peak 31.2
Off peak 25.1
All Day Usage 28.00 c/kWh (exclude GST)
Supply Charge 130.00 c/day
Solar Export All Day Usage (GST exempt) 7.00 c/kWh
Solar Export Supply Charge 0 c/day
Red Energy
Currently with GloBird who pulled a bait and switch on me right after signing up lol
Was on circa $0.86/day supply charge | $0.27/kWh All day usage - now going up to c $1/day supply charge | $0.38/kWh all day usage.
Need to find another plan. Living in an apartment so I don’t think we have a smart meter and can’t take advantage of variable rates. Will look into Nectr unless anybody can suggest another deal?
Anyway to specify 6mths+ fixed rate filter? I couldn't find that anywhere and the listed plans are from before the price change in Jan 2024.
So not that useful :(
This is why fixed rate plans are recommended (at least during periods where prices are likely to rise), because if you time things wrong then you might end up with a new variable rate straight after you sign up.
Of course, fixed rate plans aren't fixed forever but at least you typically get a year on those prices.
I've been with Globird for a couple of years now and they've been great, but I got an email a couple of weeks ago that they were bumping my plan up:
Daily charge: 1.24
Peak usage: 0.44
Off peak usage: 0.30
Shoulder usage: 0.30
Solar feed in: 0.04
Time to jump ship I reckon. This deal beats them across the park
All Day Usage 28.4 c/kWh
Supply Charge 111.54 c/day
Solar Export All Day Usage (GST exempt) 3.85 c/kWh
Yikes that’s expensive. Went from Powershop to Nectr a few months back on 12 month locked in rates (Metro VIC, Jemena).
All day rate: 0.2299c/kwh
Daily supply charge: 88c/day
Very happy with them. Their app is a bit hit and miss though.
+1 for clean energy
State in title please. Electricity prices vary wildly from state to state. For example, I pay less than half per kwh in Victoria, even now, than I ever did when I lived in South Australia (ten years ago). 30+c per kwh would be a pretty crap deal in Victoria, even now (I am with Nectr paying 22.9c per kwh, 80c per day supply charge, and netting a paltry 4.9c FIT).
Prices in South Australia are heading to 50 cents a kWh. Also my gas has almost tripled in 3’years. Use to pay under 2 cents per megajoule and rates are over 5 now. So much for Labor government telling us they would get energy prices under control.
Prices without states, or even locality within states, is utterly pointless as a reference.
Suggest update post as looks like there is a $50 sign up credit promo running until 20/12: https://nectr.com.au/terms-and-conditions/50-dollar-sign-up-…
Good call, I got this referral signup bonus.
Bonus kicks in after first month of service.
Wow, postcode 2640 - supply charge of 105.61c/day.
As soon as enter an actual address within postcode 2640, daily supply charge jumps to 187.26c/day. Expensive af.
Western Sydney
All day rate: 0.2387c/kwh
Daily supply charge: 0.825c/day
"Nectr Hive Saver. Your plan has fixed rates until 30th June 2024."
Don't have solar.
Not bad at all, inner north, Melbourne. Peak time is 3pm to 8pm daily. Off peak applies all other times for my tariff.
Electricity rates
Peak Usage 31 c/kWh
Supply Charge 90.33 c/day
Off Peak Usage 21.4 c/kWh
Take off about 5c/KWh for GreenPower and it's not terrible compared to others.
Nectr are scammers, there's plenty of mentions here about them not honouring referral signup bonuses, myself included. I rang to ask why it hadn't been credited and they claimed it was because the referrer didn't have an active account…despite being able to generate a referral link.
anyone on Nectr Hive Saver rates been offered a new deal at the end of the 12 months?
![[NSW] Nectr 100% Clean Energy Plan: eg. NSW Ausgrid All Day Usage: 31.94 ¢/kWh, Supply Fee: 100.87 ¢/Day, Rates Fixed for 1 Ye](https://files.ozbargain.com.au/n/69/819869.jpg?h=2aa243bd)
Looks behd