News

NewsFiftyUp club energy provider driving prices down across Australia
FiftyUp club energy provider driving prices down across Australia

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.

 

 

 

Originally posted on .

Join the conversation

FiftyUp Club
FiftyUp club energy provider driving prices down across Australia

Share your views with other members. 

Want to leave a comment? or .
Read our moderation policy here.
martin
martin from QLD commented:

Comparing is done on a spread sheet against a number of suppliers and on Qld rates. Not speaking too loudly, but these so called "óffers" from fiftyiup/comparethemarket/iselect are ALL selective and they ALL receive commissions. So if they can offer a refund of hundreds of dollars on a plan, I'd prefer that commission to be removed from the plan in the first place! I agree, you need to compare on the official government websites for any plans, saved me hundreds per year on health insurance and on power. In my case, the higher FIT (plus the fact that I generate more power than I purchase) with the same setup as Robert means that I have not had a single power bill since installation in 2013. Every comparison made with any of these plans show that both on past consumption and expected consumption I would pay instead of receiving a credit. So I will stay with the current supplier and enjoy no electricity bills. NB: If you do not receive a bill, then any implied discounts are totally non-existent! 

Someone
Someone from WA commented:

What about WA? 

Someone
Someone from NSW commented:

I'm interested in change to the Alinta Energy Elevtricity and gas 

Robert
Robert from NSW commented:

I've said this before. Do your homework and check the daily supply charges and usage rates. I've kept monthly usage data for the past 9 years and have developed a simple computer model to evaluate any and all offers, and just plug in my average usage data. For my usage, my current provider ( Origin ) comes out on top every time. 

Someone
Someone from QLD replied to Robert:

Sorry Robert have to disagree. I live in QLD and Alinta is definately the best deal around with all the things you mentioned considered. I to am a past member of Origin and they did nothing for me. Only thing is you don't have to be a Fifties up member this is their general rate. 

Robert
Robert from NSW commented:

Hi Anonymous, Maybe it's different here in NSW. If you've done your sums then that's OK. The rates as published are as follows........excluding GST .......Origin / Alinta. Domestic single rate......27.09 cents per kwh / 29.19 cents per kwh. (+7%) Daily supply charge.......82.89 cents / 87.66 cents. (+6%) Controlled load 2( off peak ) 16.82 cents per kwh / 16.09 cents per kwh. (-5%) Daily supply charge.......6.23 cents / 12.43 cents.(+100%) Alinta offers 30% off usage, Origin gives me 28% off usage. Add them all up, then add 10% GST. For my usage, Origin is in front. 

Someone
Someone from QLD replied to Robert:

Very different in Qld. Bit like living in another country really. It's a bit frustrating when every state have different rates and discounts. From what I am told Alinta are giving up to 43% in VIC. Now this is only what I have been told and I cannot verify the information. On my research in QLD I can't do better. The only company I would definitely stay away from, and I can only speak from experience and QLD is Simply Energy. Bad news. 

Robert
Robert from NSW commented:

Hi Anonymous. Yes it's very frustrating all round,. The retailers rely on confusing customers with inflated supply and usage rates and then offer varying degrees of discounts. They also rely on customers not doing their research and simply accepting what they're given. It's the reason why I developed my little model - I just plug in the rates and the discounts, and the answers quickly determine which offers are genuine and which are BS. It is also galling to find that most of the energy retailers are either foreign owned or only partly Australian-owned. Alinta is Hong Kong owned and both Origin and AGL are only partly-Australian owned. All in the name of "competition" where most of the profits go offshore. 

Someone
Someone from QLD replied to Robert:

Not wrong 

Hugh
Hugh from NSW commented:

Beware. Their standard rates are 10-20% higher than AGL’s standard rates. So they end up being more expensive when AGL offer 23% off their already much lower rates. Sneaky offer that leaves you worse off. Do your maths. It was a bad deal for me. I stayed with AGL. 

Geoff
Geoff from VIC replied to Hugh:

Hugh you obviouslely have an agenda. I do not. 

Hugh
Hugh from NSW replied to Geoff:

No agenda. Just stating the facts based on my homework for my situation (in NSW metro). It’s a headline discount to attract the unsuspecting in. I’m just saying, compare the actual rates, not the headline discount. 

Robert
Robert from NSW replied to Hugh:

Yes. Many 'floggers of goods' try, and often succeed at confusing the consumer with any trick they can contrive. Nothing over $30 often means only 10% of the stock was ever priced above $30 and the balance now marked $ 29.95 was $15- $20. From $20 can mean only three shop soiled items from the season before last are that price. Anyhow if you are over the age of 16 and believe any company can remain in business year after year when they constantly over stocked and/ or are selling their merchandise at below cost, are so excited about their birthday, Christmas, Easter and so on they wish to give you a present then you deserved to be lied to and ripped off. Not only do you need to be clear headed about what you are getting for what you are spending. A rarely would small household purchase 10 dozen eggs or 12 x 2 kilo tins of jam just because 'the price was right'. The same filter should be applied to many deals such as Wow 50 GBs of data or 300 hours of movie watching that you have no hope of, or desire, to use. So Hugh, your advice is sound,. Look at the amount that will come out of your pocket with each bill and discard the distractions 

margaret
margaret from NSW replied to Robert:

Sorry ROBERT I did not look at page top before the above was posted so did not notice it was your email address at top of my page, YET AGAIN. 

Robert
Robert from NSW replied to Geoff:

Agree with Hugh. I have input all of the current supply and usage rates for Alinta, AGL and Origin into my model. For my usage, the most economical is Origin, followed closely by AGL then Alinta a poor 3rd. 

Hugh
Hugh from NSW replied to Robert:

Many thanks. I’ll check Origin out. 

Geoff
Geoff from VIC commented:

I switched to Alinta to save money-if you can't do basic math do not switch or you may be worse off. Make it easy and compare 10 days supply and 10 days usage at your existing rate and what Alinta offer. Discount is off the usage and nothing else. 

Peter
Peter from NSW commented:

Absolutely not worth consideration. Inputed the tariff charges using my previous Origin bill and the result was astronomically dearer. It is just another con with the promise of big discounts gobbled up by the excessive tariff charges. 

martin
martin from QLD commented:

So, when does the Alinta discount apply? Is it off the TOTAL (net) amount, or is it deducted from the GROSS amount BEFORE the FIT rebate deduction? Or (Usage -25%) - FIT versus (Usage - FIT) -25% 

Someone
Someone from QLD replied to martin:

All I can suggest is that you do exactly what Robert has done above. Check the cost pkh, the daily supply charge and factor in if you have solar panels and how many. If you take one of your recent electricity bills all that information will be on it. You can also go to the Government website for Elecricity suppliers and compare them all. I do stress that you can't go by other states as they are all different. For me personally Alinta was the best after checking the Websites. I have been with them since well before Fifty up recommended them and my bills have never been this low. Your discounts apply straight away. Personally I direct debit every fortnight $50. We have a household of 4 adults and one teenager and I am yet to receive an account as I am always in front. I also make mention of the fact that we have 22 solar panels on the roof and a 5kw invertor. We also get the pension discount. Hope that helps. 

Comment Guidelines