Nectr Energy vs Red Energy
Nectr Energy is cheaper - by about $64/year
Nectr Energy’s cheapest residential electricity plan, Nectr Home Buzz TOU - October 2026, costs an estimated $1,139/year at 4,000 kWh, 41% below the DMO. Red Energy’s cheapest plan, Red BCNA, costs $1,203/year, 21% below the VDO. That is a difference of $64/year - switching from Red Energy to Nectr Energycould save you about that much, though your actual cost depends on your usage, tariff type and eligibility for any plan’s conditional discounts.
Nectr Energy - cheapest plans
| Plan | Retailer | Annual cost ▲at 4,000 kWh/yr | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Peak | Off-peak | Shoulder | ||||||||
 | Nectr Home Buzz TOU - October 2026 Time of use | Nectr | $1,139 | |||||||
| Nectr Home Buzz TOU + CL 1 - October 2026 Time of use | Nectr | $1,139 | |||||||
| Nectr Home Buzz TOU + CL 2 - October 2026 Time of use | Nectr | $1,139 |
Red Energy - cheapest plans
Head-to-head: cheapest plan from each retailer
| Spec | Nectr Energy | Red Energy |
|---|---|---|
| Plan | Nectr Home Buzz TOU - October 2026 | Red BCNA |
| Supply charge | 88.01c/day | 94.80c/day |
| Usage rate | 48.16c/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 | - | 1.0c/kWh |
How do I switch from Nectr Energy 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. Nectr Energy’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.