Following AGL’s launch of aggressive energy deals a couple of months ago backed by a high-profile NSW TV campaign, competitive activity has now taken another step-up in the New South Wales retail electricity market with Dodo Power and Gas entering into the fray last week. Dodo, a well known brand in the broadband and mobile markets, launched a range of electricity offers in Victoria late last year and is now building up its presence in other states.
Dodo Power & Gas has entered the NSW market aggressively with base rates below the current regulated tariffs combined with a market-leading pay-on-time discount. Dodo is offering the following two electricity plans at launch:
- No term contract with 5 per cent pay-on-time discount on your usage; and
- 12 month contract with 10 per cent pay-on-time discount on your usage.
Bottom line is that if you are willing to commit for 12 months you can double your discount.
Over the past few weeks both Red Energy and Australian Power and Gas have launched competitive new NSW electricity offers. Red Energy has enhanced its Energy Bonus Saver offer – a 2 year contract with 5 per cent pay-on-time discount – with the addition of a $75 sign-up bonus credited to your first bill. Australian Power & Gas recently launched a new product called Smart Saver 8, which is a 3 year contract that offers an 8 per cent pay-on-time-discount on your electricity usage charges.
To determine whether one of these offers might provide a better deal on your power bills please be sure to perform an energy comparison on our main site and see how much you might save if you switch power suppliers.