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[NSW, VIC, SA, QLD] $150 Electricity Credit and [NSW, VIC] $50 Gas Credit @ Powershop

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[NSW, VIC, SA, QLD] $150 Electricity Credit and [NSW, VIC] $50 Gas Credit @ Powershop
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meowdog on 01/07/2024 - 14:34 powershop.com.au (1830 clicks)
Last edited 26/08/2024 - 23:29 by 1 other user

$150-$200 depending on your state. For the extra $50 gas credit you must take on electricity too. I liked the powershop app, one of the better ones. Their support seemed responsive too.

EDIT: NOT compatible with referral. Must choose one or the other.

T&Cs below:

Switch Saver Terms and Conditions

To be eligible to receive the $150 (incl. GST) credit (Sign-up Credit):

  • you must be a residential customer switching your electricity to Powershop from another retailer, or an existing Powershop residential customer moving to a new premises where Powershop will continues to sell you electricity, and
  • the premises you switch or move to must be in VIC, NSW, SA or South East Queensland.

You’ll get the $150 (incl. GST) credit (Sign-up Credit) as an offset against the charges on your first electricity bill. If the charges on your first electricity bill are less than the Sign-up Credit, we’ll carry over the balance of the Sign-up Credit to your next bill. If your electricity market contract ends before you’ve incurred charges to the value of the Sign-up Credit and you’re taking up a new electricity market contract with us (at the same or new premises), we’ll transfer the balance to your first electricity bill under your new contract. The Sign-up Credit otherwise isn’t transferable or redeemable for cash. We won’t pay it as a refund, and it may not be available with other Powershop offers.

Power House Gas $50 Credit Terms and Conditions

To be eligible for the offer:

  • you must be a residential customer switching your gas to Powershop from another retailer, or an existing Powershop residential customer moving to a new premises where Powershop will continue to sell you gas;
  • your premises must be in Victoria or an area of New South Wales where Powershop sells gas
  • you must have a market contract for electricity with Powershop, and switching the same premises to Powershop for the supply of your gas.

You’ll get the $50 (incl. GST) credit (Sign-up Credit) as an offset against the charges on your first gas bill. If the charges on your first gas bill are less than the Sign-up Credit, we’ll carry over the balance of the Sign-up Credit to your next bill. If your gas market contract ends before you’ve incurred charges to the value of the Sign-up Credit and you’re taking up a new gas market contract with us (at the same or new premises), we’ll transfer the balance to your first gas bill under your new contract. The Sign-up Credit otherwise isn’t transferable or redeemable for cash. We won’t pay it as a refund, and it may not be available with other Powershop offers.

Referral Links

Referral: random (339)

Referrer receives $75 credit and referee receives $75 credit on first bill.

Home & Garden Electricity Energy Supply Gas Supply Store Credit

Related Stores

Powershop
Powershop

closed Comments

  • Jolakot on 01/07/2024 - 14:37

    Does it stack with referral?

    • meowdog on 01/07/2024 - 14:38

      I'm not sure to be honest. If you click through the referral and it still shows the credit being offered I would assume so. Nothing in T&Cs saying it's mutually exclusive.

    • txb on 01/07/2024 - 15:59

      If you sign up to the ‘Switch Saver’ plan, you and your mate will no longer be eligible for the ‘Switch your mates $75 credit’.

      Its one or the other

  • Weshouldgetsushi on 01/07/2024 - 14:40

    More expensive per unit and per day than Red Energy to my house. Nope.

    • meowdog on 01/07/2024 - 15:23
      +2

      Might not be worth it if you intend to stay on for a while. I just churn out to another provider when the credits run out. Haven't paid for electricity for the last 9 months or so!

      • xtngo on 01/07/2024 - 16:18

        Interesting…what other companies offer sign up deals like this?

        • prhino on 01/07/2024 - 17:14
          +2

          Nearly all of them.

          Switched to AGL on Friday and got $150 credit, plus a Netflix subscription (ongoing, so long as I stay with them)

      • belesci on 01/07/2024 - 18:42

        9 month $150? Thata my monthly bill loll

        • meowdog on 02/07/2024 - 09:15
          +1

          Back when Engie was Simply Energy I think with my solar the $200 credit lasted me 3-4 months, but that was summer. I'll probably chew through the $150 in two months during winter with the heating I have going on.

          • Gervais fanboy on 14/07/2024 - 09:24

            @meowdog: Are you still with Engie right now?
            If yes, do you know if they do referral bonuses?

            • meowdog on 14/07/2024 - 13:08
              +1

              @Gervais fanboy: I am, still got credits with them. I don't think they have referral, at least not that I know of sorry!

      • R n b on 17/07/2024 - 21:32

        How about connection and disconnection fee $60.94 ( manual connection and manual disconnection fee)????

  • gakko on 01/07/2024 - 14:55
    +10

    Ah Powershop. This company once represented a lot of hope for energy retailing and just became a status quo instead. They sold themselves to Shell, a global oil producing megacorp trying to greenwash themselves. Big pass.

  • 0 0 0 on 01/07/2024 - 15:07
    +2

    Heh my credit report has been smashed by my recent churns. But I've saved hundreds of dollars. Probably over $600 this year alone

    • Ziggy28 on 01/07/2024 - 15:37

      I thought the Federal govt was coming up with something to make it easier for people to change providers? Or was it all just BS again

    • rickdwp on 02/07/2024 - 00:04

      Ditto, dropped 200 points with Smegamafax

  • cptdandan on 01/07/2024 - 15:13

    I just left Powershop for Origin.

    Origin have $0.20 a day cheaper supply cost, there usage is $0.01 kWh more expensive, but they are also paying me $0.056 kWh more in solar feed in.

    Not to mention 25k Everyday reward points too

  • txb on 01/07/2024 - 15:24

    Would anyone know if Powershop do a credit check?

    • Baby Noodles on 01/07/2024 - 20:06

      They do, or they used to. It shows in my credit report as I used to be with them.

    • rickdwp on 02/07/2024 - 00:06

      They almost all day as far as I've seen. I've been utterly smashed by it but havn't paid for Gas in 6 months so I guess it evens out.

  • Frederico Z on 01/07/2024 - 15:48

    That's a 403 error for me….

    • Klogg86 on 04/07/2024 - 09:04
      -1

      VPN issue. Won't let me connect to their site through ExpressVPN Melbourne servers atm

  • Lantanan on 01/07/2024 - 19:02

    does anyone know if you can sign up to this plan for a few months then switch to their power house plan that has cheaper rates?

    • meowdog on 02/07/2024 - 09:12
      +1

      Once you see the credit on the billing you are free to switch to other plan or even a completely different provider. I would use up the credit before doing so to maximise the benefit.

  • rickdwp on 02/07/2024 - 00:08

    Can someone explain what is up with the vic gov energycompare website? The 'cheapest' annual do not appear to be the cheapest by daily and khWr but I can't see any incentives that would make up the difference.

    Specifically im looking at lumo 90c/22.8c daily/kwhr which would be the cheapest and yet they have CovaU as chapest at $1/27c daily/kwhr?

  • babolat360 on 02/07/2024 - 16:05

    Site crashed

  • plain_biscuit on 02/07/2024 - 22:32

    So if I'm not switching from another retailer, nor am I an existing Powershop customer, I'm not eligible for this offer?

    It has succesfully managed to confused me, what it says is different to T&C

    Offer only available to new Powershop residential customers, or existing customers who are moving home. T&Cs apply

  • raj76 on 05/07/2024 - 12:26

    How do you sign up for just gas plans

    • meowdog on 05/07/2024 - 14:16
      +1

      You can't, it's either electricity or electricity + gas

      • charmed_tiger6 on 10/07/2024 - 20:27
        +1

        Do you (or anyone else reading this) know if you can switch your electricity to another provider after a while and still keep gas with them?

        • bitcoinorbust on 15/07/2024 - 14:43

          I'm interested also as I plan on doing just that as their gas plan is easily the cheapest around whilst the electricity is a rip off. Also I tried to change to the cheaper electricity plan after my account was opened and $150 credit applied. They wouldn't do it without wiping the credit which is clearly at odds with the terms and conditions.

          "If your electricity market contract ends before you’ve incurred charges to the value of the Sign-up Credit and you’re taking up a new electricity market contract with us (at the same or new premises), we’ll transfer the balance to your first electricity bill under your new contract. "

  • kainomac on 06/07/2024 - 13:38

    Powershop vs Energy Australia Deal (https://www.ozbargain.com.au/node/854816)

    Powershop
    $1.06 supply per day
    33.91/21.2c usage (27c averaged out)
    $150 credit + $70 cashrewards cashback up to 90 days to approve

    Energy Aus
    $0.89 supply per day
    22c usage

    $155 cashback but up to 180 days for approval

    Anyone have an inkling between the two?

    • meowdog on 06/07/2024 - 13:48
      +1

      powershop until credit runs out, then energy aus!

    • rickdwp on 19/07/2024 - 00:50

      This is why each person needs to shop around. For me powershop is 22.8c + $0.98/day vs EA at 30.45c + $1.31/day

  • longprongfulcrum on 06/07/2024 - 18:22

    I wonder if anyone knows they if they are upping their rate come 1st August as per their website ?

    In New South Wales, Queensland or South Australia

    If your Electricity or Gas offer is changing, prices will change either on 1 July 2024 or 1 August 2024. Refer to your price change email.

    I'm on ausgrid TOU EA025 .

  • somethingguy on 19/07/2024 - 20:04

    Has anyone had to email through a scan of their ID for credit check purposes? Powershop emailed the request to me.

    Never had this request from any other electricity provider.

  • gidxg03 on 20/07/2024 - 10:25

    I’ve had a look at the best electricity and gas deals in Victoria through https://compare.energy.vic.gov.au/contact

    Powershop are the cheapest for us for gas and electricity but their cheapest plan is Powerhouse (POD557946MR) which is cheaper than this deal for both the electricity and gas offer. Electricity example below. Ok if churning but the compare energy suggested plan is probably better if not.

    Supply charges 83.00 ¢/day
    Flat All consumption 21.85 ¢/kWh

    POD558026MR:

    Daily supply charge (inc GST) 96.57c/day
    Single rate tariff (inc GST) 25.42c/kWh

    Edit: the $50 gas offer is the same as the VIC energy suggested plan. If you trust powershops calculation on their website the electricity incentive plan costs $1219 vs $1177 annual cost so better going with the $150 cash back plan.

    • TEER3X on 20/07/2024 - 10:34

      That's a good rate for electricity, but not available to everyone. Ausnet, in my area, charge way more for daily rate and per kw/h.

  • 0 0 0 on 21/07/2024 - 18:30

    Just churned to Powershop from Momentum after they reduced Solar FIT a few weeks after joining and increased rates one month after joining.

  • zcream on 25/07/2024 - 15:53

    Just churned to powershop from AGL

  • gaosong2101 on 26/07/2024 - 10:55

    Just churned. Their rates are not great feeling I'll run out of credit in less than a month

    • t0087669 on 31/07/2024 - 08:13

      Do you see your bonus credit immediately?

      • gaosong2101 on 31/07/2024 - 11:15

        Not immediately from my memory but within 1-2 days

  • armageddeus on 27/07/2024 - 02:45

    Can you double dip with Shopback Powershop upsized cashback (upto $171).? Though, 120 days to claim is a rather long wait (and probably unreliable).

  • realaccount627465746 on 27/07/2024 - 06:15
    +6

    https://onebigswitch.com.au/offers/energy

    has this offer with a $50 digital mastercard as well

    • BuyNowThinkLater on 30/07/2024 - 15:57

      cheers

    • dingdong3000 on 01/08/2024 - 12:52

      Must be on the switch saver plan for at least 30 days to receive digital mastercard.

  • t0087669 on 31/07/2024 - 08:13

    Just switched over, when do you see the bonus credit? Is it at the end of the billing period ?

  • dingdong3000 on 31/07/2024 - 08:28

    Are we able to switch and transfer credit once it's in to the Power House plan? Looking to sign up to Switch Saver to get bonus and then go on their Power House plan. Might wait until tomorrow to see all the other retailer price hikes..

  • 0 0 0 on 31/07/2024 - 14:02
    +1

    So I just worked out you can prepay for Power Packs and get discounted electricity. $30 buys $37 worth of electricity. Not bad

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