New Gas & Electricity Signups - $320
New Electricity Signups - $200
New Gas Signups - $120
I found Engie plan to be the best one as it has $175 Welcome credit on first electricity bill and $230 Welcome credit on first gas bill for my location Screenshot
Referee: $20 after minimum $50 spend in 180 days and received at least one "Confirmed" cashback.
Referrer: $30 ($40 for a limited time) after referee completes requirements.
Qualifying requirements for referee: 1. Made a minimum $20 online purchase (below exclusions apply), 2. Received a minimum $10 confirmed cashback online, 3. Added banking details to account.
In my experience it has been worth it but getting out ASAP or after you've used up your credit is essential.
Many seem to all be doing the same sort of thing which is swapping you over to a very poor plan (much worse than their other offerings which won't offer you the initial discount) and you will absolutely pay the lazy tax if you don't switch over to one of their other plans or a different provider.
Does Ecconex have a cooling period is it just the Energy provider.
Econnex is like an agent, they just send your details to the energy provider.
I don't know how long this takes but I guess if you phone econnex shortly after applying they may not have forwarded your details yet which would allow you to cancel without involving the energy provider.
Definitely jump ship when the free credit finishes/cashback tracked, I tried momentum energy thru Ecoonex the other day and the plan is so bad
Peak usage ($/kWh) 0.38060
Shoulder usage ($/kWh) 0.24970
Off Peak usage ($/kWh) 0.20900
Daily Supply Charge ($/day) 1.60380
Solar Feed-In Tariff (c/kWh): 2.90
yikes!
I have momentum warm welcome plan and it's cheap for me. Just double checked they didn't jack it on me after the first month.
High daily charge but way cheaper than my old agl plan
Peak 0.2673
Controlled load 0.1694
Daily supply 1.69
Tango rates are good. I'm sticking with them for the moment
Come to SA! Then talk rates!!!
Yeah, these are dream rates
Credit is king. You always have a choice to switch after the credit runs out.
Geez those supply charges are getting expensive..I suppose with solar & battery that'll only skyrocket.
Yep we'll all "invest" $7000 getting batteries (while taxpayers foot another $10,000) and still end up with $300 a quarter electricity bills just like we had 10 years ago 🤣 How good!
Agreed, bro… A controlled rip-off by a WEF-sponsored government, quietly looting the public without disclosure.
location
Would I be eligible if I sign up a new account under my partner’s name?
Well your partner might be eligible.
Note that according to the shopback terms "Existing Compare Electricity and Gas customers who switch to different Compare Electricity and Gas plans/plan at the same premises will be ineligible for Cashback" your partner can't have used econnex before (even if not through shopback), but I don't know whether this is enforced. TCB does not have this restriction for econnex
The cheapest energy supplier econnex shows me:
Peak Usage: 41.03c/kWh
Supply Charge: 229.9c/day
My current rates:
Peak Usage: 31.757c/kWh
Supply Charge: 140.371c/day
Hell no.
that supply charge is criminal
So assuming you only get the $200 electricity cashback for 75 days and not the $175 Engie bonus the OP mentioned.
$2.299-$1.403=90c a day
90cx75 DAYS= $67.50
41.03c-31.76c=9.3c/kWh
$200-$67.5=$132.5
$132.5/75 days=$1.77 a day
$1.77/9.3c/kWh=19kWh
In short 19kWh daily usage is about the breakeven point for your case (assuming you change back after 75 days. So despite the high prices if you were say a 10kWh daily average use then you would still be better off switching and then switching back. My point is you really need to crunch the numbers for your own use case, prob also factor in we are in summer and aircon use might push average use up.
I'm not changing.
I just started my current rate and its a retention rate I wont be able to get again.
Plus I'm fairly certain I'll be going over the usage maximums that would make it worth the switch.
That's fair enough, just trying to point out to people who may not look at their individual circumstances (not saying that's you)
I tried Engie for Gas, got 29% discount for NRMA member. First bill after the 29% discount was $450. Never again.
How much are your bills normally?
It was a first bill in new house, I have not received my new bill yet from second provider. But when I compared on energymadeeasy site afterward, I realized Engie was one of the most expensive provider for high user gas as their supply rate is ok, but their use per MJ is very high.
Is that 3 months or 1 month?
@ATangk: Bill is for 3 months, gas company only read meter every 90 days, so if you want to switch at different date, you will have to pay extra for special meter reading.
The government hasn't shutdown any coal plants, they are privately owned…..
The issue is irrespective of emissions the economics for new coal generation don't stack up and yes that includes if we remove all subsidies.
This would be fine if multiple governments didn't sell us down a river giving our gas away to the export markets.
This private energy grid with tax payer subsidies is not fit for purpose.
This would be fine if multiple governments didn't sell us down a river giving our gas away to the export markets.
https://australiainstitute.org.au/post/gas-exports-have-trip…
yep
That's just not true.
If the electricity market was a truly free market, even the most far left organisations have recognised that coal would be the cheapest way to run a grid that supplies power 24/7.
As for "The government hasn't shut down any coal plants"… While that's technically true for the most part, the government has created the economic environment for them to be no longer feasible in Australia.
China wouldn't be building hundreds of new coal plants (that they then have to run on mostly imported coal) if it were cheaper for them to install solar panels, wind and batteries to sustain their economy.
If the electricity market was a truly free market, even the most far left organisations have recognised that coal would be the cheapest way to run a grid that supplies power 24/7.
You are talking about legacy coal stations, that is our coal stations at the end of the serviceable life that have long recouped their commissioning costs which means they now only need to cover their running costs. As it stands now the only way the compete with wind and solar is to run at a loss during the day and then set the prices at night when wind cannot cover demand.
But even far right organisations will not claim that new coal is the cheapest way to run our grid 24/7.
As for "The government hasn't shut down any coal plants"… While that's technically true for the most part, the government has created the economic environment for them to be no longer feasible in Australia.
No they haven't, they are at end of serviceable life. Liddell was 50 years old, Hazelwood 53.
China wouldn't be building hundreds of new coal plants (that they then have to run on mostly imported coal) if it were cheaper for them to install solar panels, wind and batteries to sustain their economy.
By the same argument China wouldn't be building hundreds of wind farms and solar farms if coal were cheaper.
China wouldn't be building hundreds of new coal plants (that they then have to run on mostly imported coal) if it were cheaper for them to install solar panels, wind and batteries to sustain their economy.
That is exactly what they are doing because home generated renewable energy isn't slave to fluctuating commodity prices and external geopolitical risk. The reducing emissions is a nice bonus.
not all, most in Qld are government owned
totally agree RE gas
I could not care less about being neg mate. Its friday. Just throw something out so some people might be awared and find the facts themselves.
Ozbargain has a huge crossover with Reddit mate. Often to find the most factual comment you gotta look for the most downvoted one lol.
As they say, it's a lot easier to convince people of a lie, than it is to convince people they've been lied to.
@dankru: If you are trying to have a dig at me, I have no inherit attachment to coal.
I just want to see Australia do well and the one thing Australia had going for it was cheap energy, it's certainly not cheap labour, however we have now squandered that by going down this path of super high energy costs.
Despite all the propoganda people spew about "renewables", trying to go "net zero" has driven energy prices (and taxes as a large percentage of the cost of energy in this country has now been shifted to general taxes through solar/battery subsidies) through the roof.
I've seen what it's done to our industry. We have one of the least sophisticated western economies now. We essentially just dig raw materials out of the ground and ship it off to be used elsewhere… Ironically Coal is a major one of those raw materials that get shipped off elsewhere.
so for ovo you can switch using a new id (household member) and get the signup bonus?
Cashback is only eligible for new customers of Compare Electricity and Gas only. This includes existing customers moving into new premises.
Existing Compare Electricity and Gas customers who switch to different Compare Electricity and Gas plans/plan at the same premises will be ineligible for Cashback.
Does that mean to exclude compare electricity only customers? Or that’s just the name of the larger product which all sub products, customers of which are customers of.
It would seem to mean anyone who signed up via econnex before (even if not through shopback)
@gotyourback Can you confirm this?
@zantaRay: Hey folks happy to clear this up because the wording can be a bit confusing at first glance.
For Compare Electricity and Gas, the key rule is that Cashback is only for new customers to Compare Electricity and Gas, which also includes people moving into a new premises.
Here’s what that means in practice
• If you’ve signed up through Econnex/Compare Electricity and Gas before at your current address, switching plans again at the same premises isn’t eligible for Cashback.
• If you’re moving into a new property, you’re treated as a new customer — so you are eligible.
• Direct sign-ups on Econnex.com.au (not through ShopBack) aren’t eligible.
• New connections where there's no meter installed also don’t qualify.
• You must stay with the chosen provider for 75 days to earn Cashback.
The general exclusions also apply (promo codes not on ShopBack, store promotions, loyalty programs etc).
@gotyourback: What is classified as store promotions? If the deal includes introductory credit will you get the cashback?
I guess this deal is no go for people who churn regularly? I wonder is ecconex applying the same T&C for the giftcard promo as well?
Can you cash out the unused credit after 75 days. Will be blurred "credit" lines with solar feed in.
It says $230 on the comparison page but once you click through to sign up, it’s changed to $100. Can anyone confirm ?
Yes, thats correct. I'm also seeing $100 only in the Engie perks section. They do credit check as well.
How do they know you're not an NRMA member?
engie has bigger signup credit for NRMA members but you can only get that by joining directly and not through econnex
I am already with ENGIE NRMA plan gas & elec that I signed up a few months ago directly with them.
I wonder if I am eligible for cashback ($320) and the $405 credit that comes with the non-NRMA plan If I apply it?
Or would they reject, saying am an existing member with ENGIE.
Or should I simply apply with my wife's name under her shopback acct? (has anyone tried applying for household member from your shopback acct)
Or should I simply apply with my wife's name under her shopback acct? (has anyone tried applying for household member from your shopback acct)
Since you don't need to have a name attached to shopback I can't see how that makes a difference
Based on my interaction with ENGIE customer service you won't get it in your own name.
I just signed up for Engie. Do they handle the transfer from existing provider (Origin in my case)
They do.
They will do everything for you.
There's only one time I was asked to give them NMI number.
Engie pretty good with sell to grid. Only switch to AGL for churn… hope can make it to switch back 🙏
I think the rate is high may be because Econnex, anyone compared rates directly with retailer?
for those who got the econnex mastercard before, what kind of keywords do i need to search for in my inbox? I still havent got it from like a few months ago…thanks
The sender is "Karta Rewards" and the subject is "Here is your $x Gift Card".
thanks mate, it's been 4 months and still nothing…very dodgy. I think they are purposely setting the mastercard to expire in 30days, then tell you it could take 90-120 days by which time you might've forgotten about it and expired.
In my experience they are not doing dodgy things like that. I've received the gift cards 3 times right on time so far. I didn't have to contact them.
There might be a problem with yours. Have you contacted Econnex?
@bio: yea I have a while ago, essentially they just told me to wait til 120 days. I need to chase them again… :(
thanks mate
Is econnex not running a promo this month? 75 days is good for $200 cash vs 45 days for $100 gc I guess.
Churned to ENGIE Elec & Gas from Powershop thanks OP.
Seems like you can change to a lower priced plan and still get the credit as you are staying with the brand. However, you can’t get the credit if you have used ecconnex before for the same property. Is that correct?
If we sign up for both gas and electricity under this deal, can we switch the electricity away before the gas account reaches its 75-day requirement?
The electricity switch usually happens almost instantly, whereas gas typically takes much longer.
![Switch with Econnex & Stay 75 Days for Cashback: Electricity & Gas up to $320 [+$405 credit with ENGIE Elec & Gas] @ ShopBack](https://files.ozbargain.com.au/n/44/938544.jpg?h=12add15e)
But the rate is extremely high. Does anyone know if it’s worth switching?