Next Business Energy vs Red Energy
Red Energy is cheaper - by about $116/year
Red Energy’s cheapest residential electricity plan, Red BCNA, costs an estimated $1,203/year at 4,000 kWh, 21% below the VDO. Next Business Energy’s cheapest plan, NBE Standing Resi VIC Citipower, costs $1,319/year, 11% below the VDO. That is a difference of $116/year - switching from Next Business Energy 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.
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 |
Red Energy - cheapest plans
Head-to-head: cheapest plan from each retailer
| Spec | Next Business Energy | Red Energy |
|---|---|---|
| Plan | NBE Standing Resi VIC Citipower | 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 | No lock-in | No lock-in |
| Green energy | - | - |
| Solar feed-in tariff | 0.1c/kWh | 1.0c/kWh |
How do I switch from Next Business 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. Next Business 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.