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Energy Australia Secure Saver Plan with No Price Rises for 2 Years - Discounts: 28% (QLD), 25% (NSW)

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Energy Australia Secure Saver Plan with No Price Rises for 2 Years - Discounts: 28% (QLD), 25% (NSW)
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adam on 16/03/2018 - 20:08 energyaustralia.com.au (463 clicks)

Energy Australia have a new plan "Secure Saver" which locks in the current rate for the next 2 years. Given the rate that electricity goes up each year this should be a good discount towards the end of the period. You are required to lock-in with them for the 2 years, but the cancellation fee is only $22, so no big deal.

They provide discounts of 28% in Qld and 25% in NSW, which are better than the rates on their previous flagship "Flexi Saver" plan. The discounts are absolutely meaningless as you've got to compare it to the KWH rate. Comparatively the rate and discount is reasonable, but for a full comparison of all electricity providers' costs for your usage use the Australian Electricity Prices Comparison Spreadsheet (Hint: chose File, Take a Copy to take a copy of the spreadsheet to use yourself).

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  • asa79 on 16/03/2018 - 20:26

    They are very high rates to begin with before you apply the discount. Screw you over early so they dont lose out in 2 years

    All Year - 1 Jul to 30 Jun Price (exc. GST) Price (inc. GST)
    Peak Anytime
    All usage 26.58 cents per kWh 29.238 cents per kWh
    Daily supply charge 116.60 cents per day 128.26 cents per day

    • Grok on 16/03/2018 - 20:30
      +1

      Why do you have two figures there?

      In any case the Daily Supply Charge is very high, very bad for low usage customers.

      This should be illegal, quote a discount then have a high supply charge. They should all have the same regulated base rates and negotiate from there.

      • asa79 on 16/03/2018 - 20:32

        1st is Ex-GST and 2nd is Inclusive GST

        If you have solar, you want a low supply charge otherwise you paying more, which is why the discount is only on the usage not supply charges

    • asa79 on 16/03/2018 - 20:37

      The AGL Fixed Rate Plan is (inclusive of GST)
      Tariff 11 24.728 cents/kWh
      Feed-in tariff 10.60 cents/kWh
      Supply charge 98.978 cents/day

    • mlakmlak on 16/03/2018 - 21:56

      Geez 26.58 is cheap compared Jay's battery-backed wind farm in SA:

      All Year - 1 Jul to 30 Jun Price (exc. GST) Peak Anytime
      First 10.9589 kWh usage per day 43.54 cents per kWh
      Remaining usage per day 46.79 cents per kWh
      Daily supply charge 92.30 cents per day

      • asa79 on 16/03/2018 - 22:42

        Its actually 29.238 when you include GST

        • mlakmlak on 16/03/2018 - 23:04

          It's 47.894 & 51.469 cents per kWh when you include GST in SA :/

        • Whatisthatvelvet on 17/03/2018 - 05:22

          @Zandz:

          Yep gotta love power prices here.

  • pistachio1 on 16/03/2018 - 20:27

    I'm already with energy Australia, if I ring them can I be switched on to this or new customers only?

    • adam on 16/03/2018 - 20:27
      +1

      You can ring and switch. They have no lock in on their old plans & this is not an introductory rate, its available to all.

    • niknah on 17/03/2018 - 14:39

      I actually got a better deal than this after I signed up for another provider. They called me up and offered me this deal and told me to cancel the switch to the other provider.

  • asa79 on 16/03/2018 - 20:29
    +2

    Please add to Title that its 28% precent off usage charges only, as supply charge wont be discounted

    28% off your usage charges stated above on each bill that you pay by the due date. Discount is
    applied to the GST exclusive costs on your bill. Any promotional discount will be applied as above
    for the duration of the promotion.

    • lostn on 16/03/2018 - 22:49

      It's not really an on-time discount. They're just good at spin. That's the normal rate. If you don't pay on time, you're paying extra for being late. They want you to think that's the normal rate. The on time rate is the normal rate.

      It works though. Psychologically people think they're getting a discount.

      • asa79 on 17/03/2018 - 00:42

        No the discount is only associated to the usage part of the cost, not the supply charge

        • lostn on 17/03/2018 - 17:46

          Right. And the usage cost goes up if you pay late. It doesn't go down if you pay early.

        • asa79 on 18/03/2018 - 21:40

          @lostn: most have a pay early discount anyway

  • Bellpop on 16/03/2018 - 20:33
    +2

    Everyone poo poos every energy deal. Can someone say or share a electricity deal that’s actually competitive?

    • Andoes on 16/03/2018 - 20:35
      +3

      Yeah, so far they have all been shocking.

      • Save Medicare on 16/03/2018 - 20:38
        -1

        Good meme

      • asa79 on 16/03/2018 - 20:40
        +1

        Yep no such thing as competition in the electricity sector just like in the Petrol sector. Just shop around like the PM keeps saying lol

      • Bellpop on 16/03/2018 - 20:43

        Wire u so funny?

    • novicenow on 17/03/2018 - 09:53

      Yeah, if anyone has any bright ideas, I’d like to be enlightened :)

    • brawndo on 17/03/2018 - 10:41

      Negative

  • gelf69 on 16/03/2018 - 20:44

    Red Energy usually have a pretty normalised billing structure, think it used to be 10% off everything.
    I ended up back with Energy Australia because they have a better Discount/Feed in Tariff for my solar.
    If Red Energy offered better FiT i'd drop EA like a hot potato because they have no idea.
    Last year's bill before Solar was $690, this years $78, lovely.

  • lac0449 on 16/03/2018 - 20:46

    just because there is a big discount in the title, doesn't mean it's cheap. Their charges are very high which really negates the discount to begin with.
    https://www.simplyenergy.com.au/home/compare-energy-plans/
    rate 30.8110 (general rate)
    supply charge 92.3120
    then you can get 15% off or 18% if you're an RACQ member

  • guidedlight on 16/03/2018 - 20:52

    For some reason the discounts are much higher in Victoria. I think I'm getting 45% off with Energy Australia, for example.

    • adam on 16/03/2018 - 21:04

      I'm not familiar with the rates there but it could be the market just charges a high KWH rate and then advertises a big discount.

      • guidedlight on 16/03/2018 - 21:08

        Probably. But it's quite ridiculous that this level of discounting is normal.

    • Baghern on 16/03/2018 - 21:11

      yeah you were the experiment deregulation state… thus you became the screwed State

      NSW has been very low in being screwy… but they're starting to this year. Until this year there was hardly any diff in unit prices between the majors

  • 13LCR13 on 16/03/2018 - 21:08
    +2

    For anyone looking at cheap rates without all discount crap.. Look at Pacific hydro or as they are now called Tango. You'll save a fortune with them.

  • Cousin IT on 16/03/2018 - 21:22

    I believe Energy deals will be different for everyone as it really depends on who your energy provider (not retailer) is. The retailer then charges you based their base rates.

  • Vallani on 16/03/2018 - 21:39
    +3

    For everyone except Victorians, go to energymadeeasy.gov.au to find the best plan. Retailers are required to publish all publicly available offers on this website. Do not use iSelect or any of the other so-called comparison websites.

  • Diji1 on 16/03/2018 - 22:25
    -1

    So they lock you in for 2 years after they've screwed you over for as much as possible based on how much they know about you when you visit the website. You will be charged as much as an algorithm thinks you will pay based on information gathered for advertisers.

    Which is why we have another stupid electricity post with no rates yet again. We should ban these posts, they have no bargain in them if they do not publish rates.

    You need to be changing suppliers monthly, not locking yourself in.

    • adam on 16/03/2018 - 22:38
      +2

      They don't vary the rate based upon what they know about you when you visit the website. The rates are published & publicly available… not tailored just for you… no provider tailors rates per person.

      As for me publishing the rate in the original post, it doesn't make sense for me to do that because there are Peak rates, Controlled Load Rates (type 1 & 2), Time of Use tariffs for shoulder, peak and off-peak and different supply charges for all of these, and those rates are different in each state. It would be a very confusing post if I were to put all of these in. Instead I've linked to an spreadsheet that has all of these rates in it, plus every other providers rates & discounts, with the ability for you to put in your specific usage depending upon which to see how it compares. What more could you want?

      Further, in the posting of the deal I'm highlighting that the deal here is that these rates will not go up for 2 years… the % discount is only a secondary mention.

      You might think its a stupid post but already someone in comments has indicated that they are with Energy Australia & didn't know about this new plan… so it was at least of value to them.

      In terms of the lock-in, very few providers do this & I don't see the problem with it when they are keeping the rates static for 2 years (everyone's rates are going up not down so this has gotta benefit you) & further it is only $22 cancellation… a fraction of most people's bills & not really a concern in paying if you are thinking of switching because someone is offering a better rate.

  • 17833 on 17/03/2018 - 00:22

    Worth checking also for gas. They come up the cheapest for me using the Victorian Government energy comparison website. (after Sumo but have to have both electricity and gas with them, and Sumo electricity prices are much more expensive compared to what I am paying with Tango). Given no price increases for 2 years, this is a great offer, thanks. My current retailer seems to increase their gas price every bill at the moment.

  • steelpanther on 17/03/2018 - 13:43

    I've managed to get 21% discount with Origin - and it's on both usage and supply charge.

    • adam on 17/03/2018 - 14:38

      That's their standard offer these days on the Bill Saver Plus plan. (In Qld at least).

      • steelpanther on 18/03/2018 - 15:57

        That wasn't on their website when I signed up - but they offered it on the phone, so looks like I got in at the start of it.

        • emboon on 21/03/2018 - 10:55

          May I ask how you got it?
          It only says 10% on their website?
          What did you say to double that

        • steelpanther on 21/03/2018 - 20:32

          Just do a google search for "origin bill saver plus" and it shows up as 21% - I think it's state-specific so the offer will be different in every state. 21% is for qld. When I was on the phone to them it wasn't available yet but I pressured them by threatening to go to AGL and was offered the plan and I'm sure that's what the plan was called.

  • icejester on 18/03/2018 - 22:59

    I got 32% off electricity when I asked with AGL
    seems like it gives the best price when I put into the Ozbargain Electricity excelsheet

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