From their site:
Getting a great deal on your energy is easy and with Qantas Frequent Flyer now it’s even better!
Earn Qantas Points for every $1 you spend on your energy bills, when you pay on time
Earn up to 15,000 bonus points when you choose a Qantas Points earning plan*
Award-winning customer service
100% Australian owned and operated
*Available for new residential electricity and/or gas customers in eligible areas of ACT, NSW, VIC, SA and QLD only with a current Qantas Frequent Flyer membership who sign up with Red Energy on a Qantas Red plan for a new electricity and/or gas service at a new supply address. This means you could be eligible if you are a new customer of Red Energy, or an existing customer of Red Energy signing up to a new supply address. Customers will receive 10,000 bonus Qantas Points for electricity and/or 5,000 bonus Qantas Points for gas once Red Energy becomes responsible for the supply of the customer’s electricity and/or gas supply. Bonus Qantas Points will only be awarded once if you change energy providers and move back to Red Energy within 12 months. Ongoing Qantas Points will be earned per dollar on your electricity and/or gas bill, when you pay the full amount on each bill by the due date. Red Energy may withdraw or change this offer at any time.
Also if you do join, don't forget to use the referrals below : Referrer & referee receive a $50 Coles Group & Myer Gift Card each.
Only 6% less than reference price in my postcode for usage rates. Solar FIT is 15c/kWh capped at the first 5kWh a day. I doubt this is a bargain for many people unless your usage is particularly low.