CovaU vs Next Business Energy
CovaU is cheaper - by about $144/year
CovaU’s cheapest residential electricity plan, Freedom Residential TOU, costs an estimated $1,175/year at 4,000 kWh, 30% below the regulated tariff. Next Business Energy’s cheapest plan, NBE Standing Resi VIC Citipower, costs $1,319/year, 11% below the VDO. That is a difference of $144/year - switching from Next Business Energy to CovaUcould save you about that much, though your actual cost depends on your usage, tariff type and eligibility for any plan’s conditional discounts.
CovaU - cheapest plans
| Plan | Retailer | Annual cost ▲at 4,000 kWh/yr | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Peak | Off-peak | Shoulder | ||||||||
 | Freedom Residential TOU Time of use | COVAU PTY LIMITED | $1,175 | |||||||
| Super Saver Residential TOU Time of use | COVAU PTY LIMITED | $1,236 | |||||||
| Super Saver Residential TOU + CL Time of use | COVAU PTY LIMITED | $1,236 |
Next Business Energy - cheapest plans
| Plan | Retailer | Annual cost ▲at 4,000 kWh/yr | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Peak | Off-peak | Shoulder | ||||||||
 | NBE Standing Resi VIC Citipower Time of use | Next Business Energy | $1,319 | |||||||
| NBE Standing Resi VIC Citipower Time of use | Next Business Energy | $1,319 | |||||||
| NBE Standing Resi VIC Citipower Time of use | Next Business Energy | $1,323 |
Head-to-head: cheapest plan from each retailer
| Spec | CovaU | Next Business Energy |
|---|---|---|
| Plan | Freedom Residential TOU | NBE Standing Resi VIC Citipower |
| Supply charge | 122.71c/day | 110.13c/day |
| Usage rate | 42.58c/kWh (peak) | 34.83c/kWh (peak) |
| Exit fee | $0.00 | $0.00 |
| Contract term | No lock-in | No lock-in |
| Green energy | - | - |
| Solar feed-in tariff | 10.9c/kWh | 0.1c/kWh |
How do I switch from CovaU to Next Business Energy?
Choose a plan above and click Switch. Bill Hero lodges the transfer with your new retailer - there is no interruption to your electricity supply, and most switches complete within 2 business days. CovaU’s cheapest plan has no lock-in contract and an exit fee of $0.00; Next Business Energy’s has no lock-in contract and an exit fee of $0.00. Check your current plan’s exit fee before switching, if any applies.