CovaU Energy Plans & Prices — Compare & Save

CovaU offers 390 plans in Australia (331 electricity, 59 gas), based on Consumer Data Right (CDR) data updated daily by Bill Hero.

Retailer tier
Tier 3 retailer
0.1% market share
Complaints
Low
0.31% rate
Customers
7,084
0.1% market share
Founded
2014

Rates sourced from CDR and refreshed daily. Last updated: 15 August 2026.

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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.

Products offeredEnergy Retailer
Residential customers7,084 (0.1% share)
GreenPower productsYes — accredited
Parent companyTPC Consolidated Limited (ASX:TPC), pending acquisition by Wollar Solar / Beijing Jingneng Energy International (BJEI)
Australian ownershippartial
Market positionMid-sized retailer
Compliance record: CovaU has accumulated over $0.4 million in regulatory fines for covau: paid 2 penalty notices totalling $81,404 for alleged price certainty and bill change alert breaches, and refunded more than $400,000 to customers. failed to provide bill change alerts at least five business days before a price change and increased tariffs on a day other than a network tariff change date (energy retail code of practice v3 clauses 94(2), 106(1)); 5,891 customers did not receive notice of an august 2025 increase. customers were not told about rising costs to seek more competitive offers, and some faced a second price increase within 12 months. — among the highest penalty totals for mid-sized retailer.

CovaU is a mid-sized retailer with 390 plans.

Bill Hero is an independent comparison service: we don't take placement fees from CovaU or any other provider. Rates below are sourced from CDR and refreshed daily.

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Regulatory Issues

Enforcement actions recorded against CovaU by Australian energy regulators. Sourced from the ESC Victoria Register and AER compliance reports. Updated monthly.

Essential Services Commission (Vic)|Penalty notice

📋 CovaU: Paid 2 penalty notices totalling $81,404 for alleged price certainty and bill change alert breaches, and refunded more than $400,000 to customers. Failed to provide bill change alerts at least five business days before a price change and increased tariffs on a day other than a network tariff change date (Energy Retail Code of Practice v3 clauses 94(2), 106(1)); 5,891 customers did not receive notice of an August 2025 increase. Customers were not told about rising costs to seek more competitive offers, and some faced a second price increase within 12 months.

Penalty: $81,404

ESC — CovaU penalty notices Jul 2026 ↗
Essential Services Commission (Vic)|Penalty notice

📋 CovaU: 9 penalty notices totalling $341,724 for engaging in cold-calling and win-back conduct targeting former customers, and failing to report breaches within prescribed timeframes (Electricity Industry Act 2000 ss 40EA(2), 40EB(1); Gas Industry Act 2001 s 48DA(2)).

Penalty: $341,724

ESC — CovaU Pty Ltd penalty notices 2025 ↗

Bill Hero compiles regulatory enforcement data from public registers. This information is provided for consumer transparency and does not constitute legal advice. Always refer to the original regulator source for the most current and complete information.

Frequently Asked Questions

How many plans does CovaU offer?▾
CovaU offers 390 plans in Australia (331 electricity, 59 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 (331 plans) and gas (59 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?▾
Super Saver Residential TOU + CL is the cheapest CovaU residential electricity plan in Bill Hero's comparison, with an estimated annual cost of $1,241 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 390 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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