The 10% discount on electricty and gas is so so. However the $175 credit (on the first bill) is the highest i've ever seen. This will suit households on lower usage (households with higher usage would benefit from larger discount rather than the credit). Catch is a 3 year contract. However, i was recently rung by AGL to switch to a new offer/contract. I mentioned that i have not finished the term of my existing AGL contract but was told that there would not be any penalty as i was staying within AGL. So one could do some 'creative switching' within AGL to maximize the credit even more and not be tied down to the 3 years.
T&C's:
Offers end 30 September 2012 unless extended. Offers not available in all areas. ^Three year fixed term Advantage 10 electricity plan and/or three year fixed term Advantage 10 gas plan. Terms and conditions apply. Fees and charges including early termination fees apply. Customers signing a new market contract will receive an AGL Assist voucher. Offers available to eligible customers. Offer unavailable to solar customers. The discount applies to peak, off-peak and shoulder energy usage charges, and will appear as a separate credit (GST exclusive) on your bill. The discount does not apply, for example, to fixed daily energy supply charges, demand charges or AGL Green ChoiceTM charges. †You will receive a one off $175 credit on your first electricity bill when you switch to an AGL Advantage 10 three year fixed term electricity plan. ††Energy plan terms and conditions apply. flybuys BONUS POINTS available until 31 October 2012 (unless extended) only on new residential AGL accounts that are signed up online. Customers must also link their new AGL household account/s and flybuys membership, and sign up to AGL Energy Online and eBilling to receive flybuys BONUS POINTS. Maximum 10,000 flybuys BONUS POINTS per flybuys membership. Offer only available in VIC, SA, NSW and those parts of QLD where AGL operates. ActewAGL, Powerdirect and AGL business customers are not eligible for flybuys points from AGL. Terms and conditions and eligibility criteria apply. See flybuys.com.au/AGL for details.
Mod: Added other locations to title
This appears to be a great deal, good find!