CovaU — Plans & Profile

· 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)

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Energy Plans

Electricity Plans (364)

No plans available for this area.

Gas Plans (60)

No plans available for this area.

Frequently Asked Questions

How many plans does CovaU offer?▾
CovaU offers 424 plans in Australia (0 electricity, 0 gas), based on Consumer Data Right (CDR) data updated daily by Bill Hero.
Does CovaU offer both electricity and gas?▾
Bill Hero does not currently have any plans on file from CovaU. Plan data is sourced from the Consumer Data Right (CDR) energy API and refreshed daily.
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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