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[VIC, NSW, QLD, SA] $40 Electricity Credit in Nov for $20 @ Powershop

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[VIC, NSW, QLD, SA] $40 Electricity Credit in Nov for $20 @ Powershop
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AsukaST on 19/09/2024 - 14:21 powershop.com.au (297 clicks)
Last edited 19/09/2024 - 14:56 by 1 other user

Details screenshot here

Basically you prepaid $20 by 30 Sep for $40 worth of credit for your Nov power bill.
I have successfully applied my federal gov rebate credit to purchase, which means I don't even need to pay an extra cent.
If you want to switch to them, consider this bonus credit deal.
Not sure if you can make it by 30 Sep thou.

For those who are new to Powershop, they also let you prepaid $30 every month, for $37 worth of credit to be used next month.

Our bonus Footy Finals Powerpack gives you $40 of electricity credit for just $20. The maths is simple: that’s $20 of bonus credit
The credit will be applied to your Powershop electricity account from your November 2024 billing period.

Terms and Conditions
Footy Finals Powerpack: The $20 purchase amount and $20 bonus credit ($40) will be applied from your November 2024 billing period, and any excess amount will roll over to the next billing period. The purchase does not lock in rates. Your rates are applicable at the time of your bill and under the terms of your contract with us, not at the time of purchasing the Powerpack. This Powerpack is available in the Shop until 11:59pm 30 September 2024 and is limited to one per customer. If you change your mind and want to cancel the Powerpack please call us on 1800 462 668. If you cancel the Powerpack prior to your November billing period, you will receive $20 as a refund or credit. You will forfeit the $20 bonus credit. All amounts include GST.

Referral Links

Referral: random (355)

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

Electrical & Electronics Electricity Energy Supply Gas Supply Store Credit

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closed Comments

    • AsukaST on 19/09/2024 - 14:29

      except they are an energy retailer for more than 10 years.

      • jv on 19/09/2024 - 14:29
        -7

        Obviously scamming people then with higher normal rates.

        • AsukaST on 19/09/2024 - 14:31
          +2

          I switched to them in July after statewide price increase on 1 Aug.
          They have the cheapest rate in my area at the moment.
          I switch my energy provider every 6 months or so, to whoever has the cheapest rate.

          • jv on 19/09/2024 - 14:33
            -7

            @AsukaST:

            They have the cheapest rate in my area at the moment.

            The would be cheaper without these gimmicks.

            • AsukaST on 19/09/2024 - 14:35
              +2

              @jv: You can't proof that.
              But they are already the cheapest even without these gimmicks.
              Just take it as a bonus.

              • jv on 19/09/2024 - 14:39
                -3

                @AsukaST:

                You can't proof that.

                They are giving you 27% 'free' credit each month. How much is that over a year?
                What are the current interest rates?

                Obviously this cost is being passed onto customers.

                • AsukaST on 19/09/2024 - 14:44
                  +1

                  @jv: Where do you get this 27% number?
                  7/30= 23.33%, plus my monthly bill is much higher than $30.

                  It's half a glass of water theory.
                  Given they already have the cheapest rates,
                  I see it as other retailers are profiting too much rather than Powershop is scamming me.

                  • jv on 19/09/2024 - 14:51
                    -4

                    @AsukaST:

                    I see it as other retailers are profiting too much

                    I see it as they can afford to lower their rates rather than offer unrealistic free credit…

                    • Ozzy Ozbargain on 19/09/2024 - 21:20
                      +1

                      @jv: Just don't sign up then. Join a provider with higher nominal rates and even higher effective rates.

  • 0 0 0 on 19/09/2024 - 14:30
    +2

    Good deal just bought. Also buy the $37 credit for $30 packs each month. With just under 23c per kWh (both peak and off-peak) and free electricity between 12-2pm, the EV day plan works well for me.

    Also btw if using a referral make sure the account is still active. Been refused referral credits in the past because fellow Ozbargainers leave their old codes up after churning

    • Mingles on 19/09/2024 - 14:55

      Same plan here as well with roughly the same rates. Everywhere else just seems a lot more expensive.

  • damion on 19/09/2024 - 14:34
    +2

    Not available for me…. weird.

    • 87percent on 19/09/2024 - 15:44

      same.. got nothing in November (did get the October one)

  • linkser on 19/09/2024 - 15:07

    This is great, cause I could buy it with the 150$ signup credit. Did not know before about the 37 for 30…

    Rates wise not the best for me but if I get free credit.

  • camMMM on 19/09/2024 - 15:19

    Bought but in the app mines only showing as $20 value. Anyone else having same issue?

    • AsukaST on 19/09/2024 - 15:22
      +1

      ya, that's how it shows.
      But you can still see your purchased pack under that.
      It will be applied when your bill is issued.

  • Gavman on 19/09/2024 - 16:21
    -2

    this is good but its really not much… most ppl bill would be around $100 a month so $40 credit is basically like 1.5 weeks.. akin to maybe 4 days free gas/electricity.. basically negligible if they are a on high rate plan

    • Mr Plow on 19/09/2024 - 17:03

      On what planet do you have a $100 monthly power bill and how do I get there?

    • HentaiEnjoyer on 19/09/2024 - 17:11

      It's 3 minutes for a few days of electricity, I'm not complaining.

  • Alee91 on 19/09/2024 - 20:39
    +1

    Is it targeted? I cant find it my app

  • furyou on 19/09/2024 - 22:02
    +1

    When you move Electricity co, do you have to do anything to keep getting the federal gov rebate?

  • todmanpla on 20/09/2024 - 00:40

    Like others above, i don't see it in my account. I had previously grabbed the 37 for 30 pack. Maybe this is targeted?

  • ssjmark on 20/09/2024 - 08:17
    +1

    Left these guys aa they bumped up rates way above their competitors. I lost a bunch of money buying these prepaid packs. They don't refund you if you leave them before using it.

    So you forfeit these funds, or stay with them paying higher rates.

    • AsukaST on 20/09/2024 - 09:15

      That's not true. you can cancel your future pack anytime and get a refund on the app, website, or on the phone.

    • lint on 27/09/2024 - 12:57

      When I was with them, around 2015-2020, I found the way they encourage prepaid credit made it difficult to get a feel for my actual usage, meanwhile during that time, if I didn't get any prepaid credit and just paid based on my usage, their standard rate was higher than what I could get with other retailers.

      Sure, this prepaid hassle was worth it cos they were a green company with everything supposedly offset, IIRC? But I didn't sign up with them when I moved and I never looked back, especially after they were acquired by Shell. I don't know if things have changed since then.

  • prhino on 25/09/2024 - 09:14

    I'm new to Powershop, but I don't really 'get' it.

    I got $225 sign up credit. I bought the October Future Credit Power Pack for $30 using credit. It says year Power Pack is 'worth $37', but I only have $30 applied to my account.

      • prhino on 25/09/2024 - 09:50

        Thanks.

        So if I don't want to pay $ for my bills I need to purchase Power Packs using credit?

        • AsukaST on 25/09/2024 - 10:02

          Not too sure what you are trying to ask.

          When you get your electricity bill, they will first deduct from your future pack, then credits and government rebate, then you will have to pay the balance left.

          There are some special future packs occasionally, but you can only purchase 1x $37 for $30 future pack each month.

          Of course you may prepaid your bill by purchasing $1 for $1 credit anytime.

          • prhino on 25/09/2024 - 10:21

            @AsukaST: Got it. So if I have credits there's no benefit in buying anything other than discounted power packs.

            Thanks

            • 0 0 0 on 30/09/2024 - 02:46

              @prhino: The credit also gets put towards future bills automatically

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