FiftyUp club energy provider driving prices down across Australia
As you know we've been sourcing special offers for 50Up club members since we started the Club 5 years ago, so the latest news about Alinta Energy driving down power prices across Australia is a big win for both Alinta and our members.
(In case you missed it, we currently have huge member discounts from Alinta of 43% in Victoria, 30% in NSW, 28% in SEQLD and 28% in SA)
But don't just take if from us. Saul Kavonic, Principal Lead For Oil And Gas at Wood Mackenzie told Fairfax Media this week that “Alinta’s expansion into the east coast energy market and its aggressive growth strategy is being seen in the market as one of the major drivers of lower power bills.”
Grattan Institute Energy Director Tony Wood agreed saying “players like Alinta will sacrifice some of that profit to grow their retail book." Across the eastern states, Alinta boasts 400,000 customers, a number they plan to doube by the end of this year.
It’s been an unstable time for energy customers in Victoria and Queensland recently with close to 80,000 residents left without power after a severe storm hit south east Queensland on February 11 and the Victorian grid collapsing on January 28, leaving 50,000 homes without power.
Good news for effected Victorian customers though with the Andrews Government forcing energy companies to compensate customers to the tune of $5 million or $180 per customer.
It was dubbed the “heat relief” package and don’t you wish we could all get that! Well there is some good news as we reported in December.
Electricity prices are expected to fall by an average of 6.2% each year for the next two years starting from July, but that’s a long time away for families struggling with energy costs.
Soaring electricity bills have powered a 30 per cent surge in complaints against electricity companies according to the Daily Telegraph this week.
The NSW Energy and Water Ombudsman said in the past three months of 2017 it received 5283 complaints about power companies, compared with 4100 in the same period of 2016 — with billing gripes alone rising 43 per cent.
Alinta appears to be winning over customers though. They were recently rated by Canstar Blue’s recent consumer survey as Queensland’s favourite energy retailer with Canstar Blue Editor Simon Downes commenting “Alinta is changing the game somewhat, and are helping to change price competition. They seriously dropped prices in Victoria, and in Queensland, Alinta is the talk of the town and have people thinking about their energy supply again.”
The Fiftyup Club has partnered with Alinta to offer a members-only plan you can see here.