Energy Prices Are Soaring. Is Nectr Energy Right For You?

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Nectr Energy Review

Please Note: Nectr Energy has temporarily placed a hold on accepting new customers for their electricity plans. We advise you to call us Electricity Monster on 1300 232 848 if you are looking to get connected or want to switch to a new retailer.

Due to the volatility of the wholesale electricity market, Nectr Energy, according to its official website, is temporarily placing a hold on accepting new electricity customers. All plan information provided in the review below may be pending change. If you’re looking to switch electricity providers within our network or need a new connection, we recommend phoning us on 1300 232 848 now. Our 100% free service can help you find a new retailer within our network at a fair rate.

Founded in 2019, Nectr Energy is a renewable energy retailer that’s focused on creating a cleaner future. A relatively new provider, Nectr Energy is backed by Hanwha Energy, a South Korean energy solution provider that specialises in solar energy. 

Our comprehensive review of Nectr Energy covers a wide range of different topics. From a rundown of the latest energy plans to a list of the most up-to-date solar feed-in tariff rates, you’ll have everything you need to make an informed decision.

Worried About the Rise in Electricity Prices?

Call Electricity Monster NOW. Our 100% free service can help you switch providers within our network. Several smaller retailers have stated that they will increase their rates due to the current volatile market and have suggested their customers go with a different provider. If you’re concerned about your electricity rates going up, get in touch with one of our energy experts on 1300 232 848 now.

New South Wales

In the table below, you’ll find a comprehensive breakdown of gas and energy plans offered by Nectr Energy in NSW. These rates are updated on a regular basis and may be subject to change. Plan prices are listed in order from lowest to highest. Before making a decision, be sure to check the details of the plan you are interested in or give us a call at Electricity Monster.

Electricity

Based on usage of 3900kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,512 / year ?

Electricity plans are now compared to a government reference price. This makes it easier to compare energy plans across the market. The reference price comparison and annual estimate is calculated based on an average usage customer.

What's included in the discount and the price/year estimate

  • GST (unless otherwise stated)
  • Any advertised non-conditional discounts (e.g. guaranteed discount)
  • Includes any one-off credits

What's not included

  • Conditional discounts (e.g. pay on time discount)
  • Green energy charges
  • Any concessions or rebates which may apply to you
  • Solar feed-in tariff credits that your solar system could generate

The reference price comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.

Plan Name % Below DMO* Price/year (Est.)
Nectr NSWNectr NSW

Nectr 100% Clean
24% $1,065
Nectr NSWNectr NSW

Nectr GreenPower
3% $1,352

Queensland

In the table below, you’ll find a comprehensive breakdown of gas and energy plans offered by Nectr Energy in QLD. These rates are updated on a regular basis and may be subject to change. Plan prices are listed in order from lowest to highest. Before making a decision, be sure to check the details of the plan you are interested in or give us a call at Electricity Monster.

Electricity

Based on usage of 4600kWh/year for a residential customer on a single rate tariff in the Energex network, the DMO reference price is: $1,620/ year ?

Electricity plans are now compared to a government reference price. This makes it easier to compare energy plans across the market. The reference price comparison and annual estimate is calculated based on an average usage customer.

What's included in the discount and the price/year estimate

  • GST (unless otherwise stated)
  • Any advertised non-conditional discounts (e.g. guaranteed discount)
  • Includes any one-off credits

What's not included

  • Conditional discounts (e.g. pay on time discount)
  • Green energy charges
  • Any concessions or rebates which may apply to you
  • Solar feed-in tariff credits that your solar system could generate

The reference price comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.

Plan Name % Below DMO* Price/year (Est.)
Nectr QLDNectr QLD

Nectr 100% Clean
18% $1,192
Nectr QLDNectr QLD

Nectr GreenPower
0% $1,453

South Australia

In the table below, you’ll find a comprehensive breakdown of energy and gas plans offered by Nectr Energy in SA. These rates are updated on a regular basis and may be subject to change. Plan prices are listed in order from lowest to highest. Before making a decision, be sure to check the details of the plan you are interested in or give us a call at Electricity Monster.

Electricity

Based on usage of 4000kWh/year for a residential customer on a single rate tariff in the SA Power Networks, the DMO reference price is: $1,840/ year ?

Electricity plans are now compared to a government reference price. This makes it easier to compare energy plans across the market. The reference price comparison and annual estimate is calculated based on an average usage customer.

What's included in the discount and the price/year estimate

  • GST (unless otherwise stated)
  • Any advertised non-conditional discounts (e.g. guaranteed discount)
  • Includes any one-off credits

What's not included

  • Conditional discounts (e.g. pay on time discount)
  • Green energy charges
  • Any concessions or rebates which may apply to you
  • Solar feed-in tariff credits that your solar system could generate

The reference price comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.

Plan Name % Below DMO* Price/year (Est.)
Nectr SANectr SA

Nectr Super Solar
1% Above DMO $1,289

How Green is Nectr Energy?

Nectr Energy partook in a study that documented its efforts toward supporting renewable energy sources. Data drawn from the Green Electricity Guide by GreenPeace is categorised into six different criteria that measure numerous aspects such as providing clean, renewable energy, pollution & environmental harm, and more. The energy companies are then given a score from 0 to 10, with 0 being the lowest.

Nectr Energy scored an impressive 7.3 out of 10 in overall performance, landing them in the upper-tier of electricity providers (8th overall).

They scored a perfect 10 out of 10 in both halting fossil fuel expansion and support for new renewable energy.

The only notable category where Nectr scored below average was in providing clean, renewable energy which has them at a 4 out of 10.

FeatureScore
Providing Clean, Renewable Energy4/10
Ending Coal Use By 20308/10
Halting Fossil Fuel Expansion10/10
Support For New Renewable Energy10/10
Pollution & Environmental Harm8/10
Transparency In Marketing8/10

Nectr Energy Solar Feed-In Tariffs

In the table provided, you will find the latest solar tariff feed-in rates that Nectr Energy offers in Queensland, New South Wales, and South Australia

Solar Feed-in Tariffs

State Minimum Feed-in Tariff (c/kWh) Maximum Feed-in Tariff (c/kWh)
NSW 0.00 4.40
QLD 0.00 11.50
SA 1.98 12.00

Not Renewed Your Energy Contract In 12 Months Or More?

Lots of energy contacts only have benefit periods for 12 months. When your benefit period runs out, you may get moved onto a more expensive offer from your retailer. It is essential to check your plan to ensure it is still competitive. Call one of our free energy experts on 1300 232 848, who will review your energy plan and help you renew today.

Nectr Energy Service Area

Wondering if Nectr Energy services your area? In the table below, you’ll find a list of all of the states Nectr Energy offers gas and electricity plans.

State Electricity Gas
NSW Yes No
VIC No No
ACT No No
TAS No No
SA Yes No
QLD Yes No
NT No No
WA No No

Nectr Energy Billing and Payment

Nectr Energy uses a monthly billing system for all of their energy plans to help prevent bill shock. However, because of this, Nectr only accepts payment via debit or credit card for bill payments.

If you are looking to pay by direct debit or have a credit card linked to your Nectr account, you’ll need to contact their customer support line to arrange this.

For cancellations and deferments, customers will also need to contact Nectr through their customer support line or email.

How to Contact Nectr Energy

Nectr Energy offers numerous ways for customers to contact them for questions regarding billing, plan information, and general enquiries.

Billing questions and concerns can be answered via Nectr Energy’s phone support line, mailing address, and email.

Customers can also fill out the form on their ‘Contact Us’ page and request a callback.

Is Nectr Energy Right For Me?

Nectr’s commitment to investing in a cleaner future makes them appealing to Australians who favor renewable energy. However, with a limited number of plans and a monthly billing system, Nectr lacks the variety of energy plans that other retailers can offer.

According to Nectr Energy’s official website, they are temporarily placing a hold on accepting new customers for all of their energy plans.

If you are looking to get connected to a new retailer within our network, you need to phone Electricity Monster on 1300 232 848 NOW. Our energy experts will offer you a fair rate on a fair plan for a fair price.

We’ll help initiate the process of switching to one of our partnered retailers so you avoid higher electricity bills on your current bill. Our comprehensive service is 100% free to use and we offer a variety of solutions at no cost to you.

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Disclaimer:

 

This publication reviews Nectr Energy’s plans in VIC, NSW, QLD, SA, ACT, and WA published on their website as of 01/06/2022.

 

Important Points to note are:

 

  • The plans displayed have been taken from the energy fact sheets published on the retailer’s website. We do not guarantee that this information is correct or that it applies to every household in Australia.
  • Comparisons have been made on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
  • The Citipower network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Ausgrid network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in NSW.
  • The SA Power Networks network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Energex network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in QLD.
  • The Evoenergy network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in the ACT.
  • The ACTO network has been used to compare gas plans in WA.
  • The reference price/VDO/GAS comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.
  • The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
  • All dollar figures include GST.
  • The information displayed has been taken directly from Nectr Energy’s retailer website. Any reliance you place on such material is therefore strictly at your own risk.