EnergyAustralia vs Red Energy
Red Energy is cheaper - by about $119/year
Red Energy’s cheapest residential electricity plan, Red BCNA, costs an estimated $1,203/year at 4,000 kWh, 21% below the VDO. EnergyAustralia’s cheapest plan, Power 365 - Time of Use with Controlled Load -Third Party Offer - $200 Credit, costs $1,323/year, 11% below the VDO. That is a difference of $119/year - switching from EnergyAustralia to Red Energycould save you about that much, though your actual cost depends on your usage, tariff type and eligibility for any plan’s conditional discounts.
EnergyAustralia - cheapest plans
| Plan | Retailer | Annual cost ▲at 4,000 kWh/yr | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Peak | Off-peak | Shoulder | ||||||||
 | Power 365 - Time of Use with Controlled Load -Third Party Offer - $200 Credit Time of use | EnergyAustralia | $1,323 | |||||||
| Power 365 - Time of Use -Third Party Offer - $200 Credit Time of use | EnergyAustralia | $1,323 | |||||||
| VIC Seniors Offer - Time of Use - $200 Credit Time of use | EnergyAustralia | $1,323 |
Red Energy - cheapest plans
Head-to-head: cheapest plan from each retailer
| Spec | EnergyAustralia | Red Energy |
|---|---|---|
| Plan | Power 365 - Time of Use with Controlled Load -Third Party Offer - $200 Credit | Red BCNA |
| Supply charge | 110.13c/day | 94.80c/day |
| Usage rate | 34.83c/kWh (peak) | 21.43c/kWh |
| Exit fee | $0.00 | $0.00 |
| Contract term | 12 months | No lock-in |
| Green energy | - | - |
| Solar feed-in tariff | 1.5c/kWh | 1.0c/kWh |
How do I switch from EnergyAustralia 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. EnergyAustralia’s cheapest plan has a 12-month contract term 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.