The arrival of low-cost electricity retailer ReAmped Energy into Victoria in March and into the ACT today is excellent news for energy shoppers wanting a better deal. Over the last two years, the independent electricity retailer has been a leading force lowering energy costs by intensifying price competition.
Victorian electricity price drop
ReAmped moved into Victoria in early March, promoting their market-leading Handshake plan. It was the State’s cheapest publicly-listed electricity plan and spurred other discount players to sharpen their pricing. ReAmped delivered a further price drop within a fortnight to reclaim the top place in the cheapest plan ranking. All of this is no surprise. ReAmped Energy has consistently been one of the most affordable players in the energy market since 2019. Its low-cost and no-fuss electricity plans already attracting over 25,000 customers across South East Queensland, New South Wales and South Australia.
ReAmped breaks the Canberra bubble
ReAmped Energy CEO Luke Blincoe said the ACT is the next step for ReAmped to put price-conscious Aussies first.
“ReAmped is all about great prices, simple and transparent plans and bringing Aussies the same power as the big power companies, without the big power company,” says Blincoe.
Below is the ranking of ACT energy retailers based on the estimated cost of their cheapest plan using AER’s benchmark electricity usage (7,722kWh p.a) for a 3-person household in the ACT. This is for an anytime tariff (TARIFF 10) set up, which is a common configuration.
Cheapest Anytime electricity rates by retailer in the Australian Capital Territory (Canberra – Evoenergy network TARIFF 10)
Cheapest Time Of Use electricity rates by retailer in the Australian Capital Territory (Canberra – Evoenergy network TARIFF 10)
Rates shown include GST and all available discounts. Plans are updated weekly from retailer’s Basic Plan Information Documents (BPIDs)
Retailers in the ACT are ranked based on the estimated cost for their cheapest plan for a household using 7,722kWh p.a. This is the AER published benchmark usage for a 3-person household in the ACT.
“Market-linked plans” that have their rates tied directly to the wholesale market spot price are not included in the tables above because these rates vary every day and cannot be compared like-for-like with most plans where the published rate is the rate you pay. To view indicative rates and feed-in tariffs published for ACT market-linked plans, please see WATTever’s rates pages for Amber Electric and Powerclub.