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Posts Tagged ‘sydney electricity’

Great new NSW electricity deals now available

Monday, August 15th, 2011

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.

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O’Farrell Government won’t rule out reversing NSW electricity asset sales

Tuesday, March 29th, 2011

The newly elected O’Farrell Government has announced its intention to hold a judicial inquiry into the controversial $5 billion NSW electricity privatisation programme. Mr O’Farrell intends to start the inquiry within one month of taking office and wants the judicial panel to examine whether or not the asset sale conducted by the previous Labor Government was flawed and/or unlawful.

According to newspaper reports, Mr O’Farrell has not ruled out the possibility of reversing the sales of these retail assets despite the fact that such a decision would likely result in the Government having to cough up hundreds of millions of dollars in compensation to TRUenergy and Origin Energy. In addition it would likely throw the energy market into chaos not to mention harm the chances of any future asset privatisations in the Australian market.

On 1st March 2011 the sale of Energy Australia’s retail business to TRUenergy and the sale of Integral Energy’s and Country Energy’s retail businesses to Origin Energy was completed. Origin Energy paid $3 billion for these retail assets as well as the electricity trading rights for Eraring Energy. TRUenergy paid $2 billion for EnergyAustralia and the trading rights for Delta West, as well as access to three power station development sites.

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Red Energy ups the ante in NSW with a 7% electricity discount

Tuesday, March 15th, 2011

Following the recent sale of the three NSW-Government-owned electricity retailers to Origin Energy (which bought Integral Energy and Country Energy) and TRUenergy (which bought Energy Australia), competition for NSW customers is finally starting to heat up.

Red Energy, the Snowy Hydro-owned electricity retailer which launched into NSW in June last year, has introduced a new electricity deal with higher discounts to encourage NSW consumers to switch.

Red Energy’s new electricity plan is called Living Energy Saver – it offers a 7 per cent pay-on-time discount on electricity usage and supply/service charges. This would represent a saving of approximately $105 per year on a typical $1500 annual household electricity bill. Living Energy Saver is available only on a 2 year contract.

After years of inactivity we expect to see competition in the NSW market really heat up this year so stay tuned for more news on great offers.

Go to the Switchwise homepage to start a comparison to see how Red Energy’s new Living Energy Saver compares to your current power company.

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