Australia: 4 alternative electricity retailers you should consider looking

Author: Darvin Tocmo   Date Posted:3 April 2018 

Australia: 4 alternative electricity retailers you should consider looking main image Australia: 4 alternative electricity retailers you should consider looking image
4 interesting alternatives to the ‘Big 3’ electricity retailers

alternative electricity retailers

4 interesting alternatives to the ‘Big 3’ electricity retailers

 

Looking for a cheaper electricity retailer was never easy for us in Australia. Although some people are unaware of it, in most parts of Australia you’re not stuck with a monopolistic ‘utility’ – you can pick and choose from a range of companies based on who offers the best plan for you.

Choosing a good electricity retailer is also important for those who use solar energy, as different retailers offer different feed-in tariff rates – not to mention other ways in which retailers can offer attractive perks for solar & energy conscious customers.

While most people shopping around for a new retailer focus on price, each electricity retailer has their own points of difference and varying approaches to bringing value to their customers. In this article, we’ve written a bit about a handful of retailers who are shaking up the way that electricity is sold in Australia; as you peruse electricity offers based on price, they’re worth keeping in mind.

 

Mojo Power

Year founded: 2015

Operates in: NSW, QLD

Why they’re different:

Mojo Power has a subscription-based model for electricity pricing which they claim allows them to ‘decouple’ their profits from the amount of electricity that you use – which means it is in their favour to help you find ways to reduce your electricity consumption charges. In a nutshell, you pay a flat fee (quarterly or annual) for an ‘EnergyPass’, which gives you access to their extremely competitive, ‘no markup’, ‘wholesale’ rates. They also offer free* smart meters – and instant access to smart meter data – for customers who meet the right criteria.

Our take:

Because you pay a higher fixed fee with Mojo, you have less opportunity to reduce your electricity bills by changing your behaviour. Their plans could work really well for households that consume a lot of electricity and can’t do (or don’t want to do) much to change that, but might not be as appealing for those who have fairly low usage in the first place.

 

EnergyLocals

Year founded: 2016

Operates in: NSW, QLD

Why they’re different:

One of the newest kids on the electricity retailer block, EnergyLocals runs on a ‘social enterprise’ model by which a portion of their profits are pledged to not-for-profit or other social enterprise partners such as Cancer Council NSW & Surf Live Saving NSW (customers get to choose which partner they’d like to support when they sign up). The company promises rates that are permanently discounted (they don’t make money from units of energy), as well as a very straightforward pricing model with no disappearing discounts. They’re also carbon neutral via emissions offset certificates, and offer smart meter installations for $100.

Our take:

A simple, easy to understand electricity company that ‘pays forward’ some of its profits to good causes while doing work behind the scenes to revolutionise Australia’s electricity industry. While you might be able to find slightly cheaper rates elsewhere, it’s unlikely that it will be with a company that stakes its reputation for honesty & transparency above all else.

 

Powershop Australia

Year founded: 2012

Operates in: VIC, NSW, QLD

Why they’re different:

PowerShop Australia (whose parent company is New Zealand’s Meridian Energy) is ‘the world’s first’ online electricity retailer. Powershop differs from many of its competitors in that it has dispensed with conventional electricity plans almost entirely. Instead, it allows its customers to mix & match electricity packages (‘Power Packs’) to get special discounts, purchase green electricity, support causes and hedge against future potential price rises – this gives them incredible flexibility in the types of offers they can deliver to their customers. Powershop is one of the only electricity retailers in the country to also offer Reposit GridCredits for battery storage system owners.

Our take:

Becoming a Powershop customer gives you enormous potential power to reduce your electricity bills by being proactive in two ways: 1) Proactively selecting low-cost Power Packs, and 2) keeping an eye on your smart meter/consumption data and changing your behaviour accordingly. That being said, they’re probably not the best option for someone who would prefer a simpler, ‘set and forget’ style electricity plan.

 

Enova Energy

Year founded: 2016

Operates in: Northern NSW

Why they’re different:

A social enterprise with a focus on ‘community energy’, Enova donates 50% of its profits to charity and is constantly working on ways to contribute to the local area it serves – namely, northern NSW. The company has made a big splash in the media for its people first approach & its support of renewable energy, and claims to be funded primarily by ‘mum and pop’ investors.

Our take:

If you happen to live in northern NSW and are looking for to support the local economy and community, Enova is your best (and only!) option. They don’t rank in as one of the cheapest retailers for the area, but they are giving back to the community in real & meaningful ways.

Keep looking

The companies we’ve outlined here are just a handful of the dozens available in many parts of Australia, and you may find compelling reasons to sign up for one that we haven’t included here.