Powershop vs Red Energy
Powershop is cheaper - by about $105/year
Powershop’s cheapest residential electricity plan, Power House, costs an estimated $1,098/year at 4,000 kWh, 26% below the VDO. Red Energy’s cheapest plan, Red BCNA, costs $1,203/year, 21% below the VDO. That is a difference of $105/year - switching from Red Energy to Powershopcould save you about that much, though your actual cost depends on your usage, tariff type and eligibility for any plan’s conditional discounts.
Powershop - cheapest plans
Red Energy - cheapest plans
Head-to-head: cheapest plan from each retailer
| Spec | Powershop | Red Energy |
|---|---|---|
| Plan | Power House | Red BCNA |
| Supply charge | 91.46c/day | 94.80c/day |
| Usage rate | 28.92c/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 | 2.0c/kWh | 1.0c/kWh |
How do I switch from Powershop 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. Powershop’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.