CovaU vs Red Energy

CovaU is cheaper - by about $29/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. Red Energy’s cheapest plan, Red BCNA, costs $1,203/year, 21% below the VDO. That is a difference of $29/year - switching from Red 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

Rank by:

Plan	Retailer	Flat ratec/kWh	Time of use c/kWh			Supplyc/day	Solar FITc/kWh	Annual cost ▲at 4,000 kWh/yr
			Peak	Off-peak	Shoulder
Freedom Residential TOU Time of use	COVAU PTY LIMITED	—	42.58	18.17	—	122.71	10.9	$1,175	Switch
Super Saver Residential TOU Time of use	COVAU PTY LIMITED	—	30.63	18.27	—	99.12	1.0	$1,236	Switch
Super Saver Residential TOU + CL Time of use	COVAU PTY LIMITED	—	30.63	18.27	—	99.12	1.0	$1,236	Switch

Showing 3 of 3 plans. Click column headers to sort.

Red Energy - cheapest plans

Rank by:

Plan	Retailer	Flat ratec/kWh	Time of use c/kWh			Supplyc/day	Solar FITc/kWh	Annual cost ▲at 4,000 kWh/yr
			Peak	Off-peak	Shoulder
Red BCNA Flat rate	Red Energy	21.43	—	—	—	94.80	1.0	$1,203	Switch
Red BCNA Flat rate	Red Energy	21.43	—	—	—	94.80	1.0	$1,203	Switch
Red Rotary D9815 Saver Flat rate	Red Energy	21.43	—	—	—	94.80	1.0	$1,203	Switch

Showing 3 of 3 plans. Click column headers to sort.

Head-to-head: cheapest plan from each retailer

Spec	CovaU	Red Energy
Plan	Freedom Residential TOU	Red BCNA
Supply charge	122.71c/day	94.80c/day
Usage rate	42.58c/kWh (peak)	21.43c/kWh
Exit fee	$0.00	$0.00
Contract term	No lock-in	No lock-in
Green energy	-	-
Solar feed-in tariff	10.9c/kWh	1.0c/kWh

Switch — $25

How do I switch from CovaU to Red 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; Red 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.

Frequently asked questions

Is CovaU or Red Energy cheaper?

CovaU has the cheaper residential electricity plan of the two, by an estimated $29/year at 4,000 kWh usage. Your actual saving depends on your usage and tariff - compare the plans above for exact numbers.

How do I switch from CovaU to Red Energy?

Choose a Red Energy plan above and click Switch. Bill Hero manages the switch for you - there's no interruption to supply, and most switches complete within 2 business days. The same process applies in reverse for switching from Red Energy to CovaU.

Does CovaU or Red Energy charge an exit fee?

Neither CovaU's nor Red Energy's cheapest residential plan charges an exit fee, based on current Consumer Data Right (CDR) data.

CovaU vs Red Energy

CovaU - cheapest plans

Red Energy - cheapest plans

Head-to-head: cheapest plan from each retailer

How do I switch from CovaU to Red Energy?

Frequently asked questions

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