CovaU — Plans & Profile

Last updated: 7 June 2026 · Rates sourced from CDR energy plan data. Updated daily by Bill Hero.

About CovaU

CovaU is a mid-tier Australian energy retailer providing electricity and gas to residential and business customers across most states. It has won multiple Mozo Experts Choice Awards and holds a 4.6 out of 5 rating on ProductReview. CovaU offers accredited GreenPower plans at 25%, 50%, and 100% levels. Ownership is transitioning from Australian ASX-listed to Chinese state-owned via a pending BJEI/Wollar Solar acquisition. CovaU has been fined twice by regulators — by the ACCC for misleading discount claims and by the AER for failing to publish standing offer prices.

Bill Hero is an independent comparison service: we list every retailer that publishes pricing through CDR, and we don't take placement fees from CovaU or any other retailer. Rates below are sourced from CDR and refreshed daily.

Provider Profile

Customer Count (Energy)

7,196

0.1% market share

As of 2026

Founded

2014

Australian Ownership

partial

CovaU was founded in 2014 and is currently owned by ASX-listed TPC Consolidated Limited. In 2024, TPC agreed to sell CovaU for approximately 100 million dollars to Wollar Solar, the Australian subsidiary of Beijing Jingneng Energy International (BJEI), a state-owned Chinese energy company. The acquisition is subject to FIRB and regulatory approval.

GreenPower

Yes — accredited

Parent Company

TPC Consolidated Limited (ASX:TPC), pending acquisition by Wollar Solar / Beijing Jingneng Energy International (BJEI)

Regulatory Issues

Paid 67,800 dollars AER infringement notice (June 2023) plus accepted a court-enforceable undertaking for failing to display standing offer prices on its website (July 2021 to January 2023). Also paid 12,600 dollars in ACCC penalties (July 2019) for allegedly misleading claims about discounts on energy plans.

Reputation Scores

ProductReview

★★★★★

4.6

2,574 reviews

Trustpilot

No data

Google

No data

Customer Reviews (0)

No reviews yet. Be the first.

Energy Plans

Electricity Plans (364)

Filter:

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
CovaU Basics Residential Single + Demand Flat rate+ Demand	COVAU PTY LIMITED	23.90	—	—	—	80.00	4.9	$1,248	Switch
CovaU Basics Business TOU 5-Day Time of useBusiness	COVAU PTY LIMITED	—	30.05	17.70	—	131.54	4.9	$1,336	Switch
CovaU Basics Business TOU Time of useBusiness	COVAU PTY LIMITED	—	31.83	18.43	—	124.65	4.9	$1,353	Switch
CovaU Basics Residential TOU + CL Time of use	COVAU PTY LIMITED	—	33.03	20.05	—	112.79	4.9	$1,369	Switch
CovaU Basics Residential TOU Time of use	COVAU PTY LIMITED	—	33.03	20.05	—	112.79	4.9	$1,369	Switch
CovaU Basics Residential TOU Time of use	COVAU PTY LIMITED	—	34.88	20.90	—	105.89	4.9	$1,390	Switch
CovaU Basics Residential TOU + CL Time of use	COVAU PTY LIMITED	—	34.88	20.90	—	105.89	4.9	$1,390	Switch
CovaU Basics Residential Single Flat rate	COVAU PTY LIMITED	24.85	—	—	—	112.79	4.9	$1,406	Switch
CovaU Basics Residential Single + CL Flat rate	COVAU PTY LIMITED	24.85	—	—	—	112.79	4.9	$1,406	Switch
CovaU Basics Residential TOU Time of use	COVAU PTY LIMITED	—	34.19	21.53	—	111.83	4.9	$1,421	Switch

Showing 10 of 10 plans. Click column headers to sort.

Gas Plans (60)

Plan	Retailer	Usage ratec/MJ	Supplyc/day	Annual cost ▲at 20,000 MJ/yr
Freedom Business Gas Stepped rateBusiness	COVAU PTY LIMITED	3.99	65.90	$832	Switch
Freedom Residential Gas Stepped rate	COVAU PTY LIMITED	6.36	82.12	$839	Switch
Freedom Residential Gas Stepped rate	COVAU PTY LIMITED	6.36	82.12	$839	Switch
Super Saver Business Gas AGN Stepped rateBusiness	COVAU PTY LIMITED	3.49	79.32	$852	Switch
Freedom Residential Gas Stepped rate	COVAU PTY LIMITED	4.20	64.00	$854	Switch
Super Saver Business Gas AGN Stepped rateBusiness	COVAU PTY LIMITED	3.66	87.41	$868	Switch
Super Saver Business Gas AGN Stepped rateBusiness	COVAU PTY LIMITED	3.42	91.88	$887	Switch
Super Saver Business Gas Multinet Stepped rateBusiness	COVAU PTY LIMITED	3.40	98.99	$905	Switch
Super Saver Residential Gas Multinet Stepped rate	COVAU PTY LIMITED	3.40	81.00	$912	Switch
Super Saver Residential Gas AGN Stepped rate	COVAU PTY LIMITED	2.58	80.00	$912	Switch

Showing 10 of 10 plans. Click column headers to sort.

Frequently Asked Questions

How many plans does CovaU offer?▾

CovaU offers 424 plans in Australia (364 electricity, 60 gas), based on Consumer Data Right (CDR) data updated daily by Bill Hero.

Does CovaU offer both electricity and gas?▾

Yes — CovaU offers both electricity (364 plans) and gas (60 plans). Customers can take both fuels from CovaU and may be eligible for dual-fuel discounts on some plans.

What is the cheapest CovaU electricity plan?▾

CovaU Basics Residential Single + Demand is the cheapest CovaU residential electricity plan in Bill Hero's comparison, with an estimated annual cost of $1,248 at 4,000 kWh/year. Your actual cost depends on your usage and tariff — see the table above for the full list.

Is CovaU a major or smaller retailer?▾

CovaU is a mid-sized retailer in Bill Hero's comparison, with 424 plans on offer. Larger retailers typically have 1,000+ plans; CovaU sits between major incumbents and smaller specialists.

How often is CovaU's plan data updated?▾

Bill Hero refreshes CovaU's plan data daily from the Consumer Data Right (CDR) energy API. Pricing on this page reflects the latest published rates from CovaU.

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