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Red Energy Vs Powershop - Who Offers the Cheapest Plans?
The main difference between Red Energy and Powershop is the overall value that each provider offers to their consumers. Both retailers bring competitive offers to the table, but one provides more cost-effective value than the other. Read below to find out more.
In our latest article, we cover two intriguing energy providers, Red Energy and Powershop. If you’re wondering what each has to offer, we’ve got you covered. From the latest electricity plans to each retailer’s current solar feed-in tariff rates, you’ll get an in-depth look at each provider so you can see if they’re right for you.
Red Energy vs Powershop Plans NSW
In NSW, Powershop’s Power House plan is more cost-effective than Red Energy’s Living Energy Saver plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Power House
|
22.70% | $1,399 |
Living Energy Saver
|
20% | $1,435 |
*Calculated based on usage of 3900kWh/year for a residential customer on a single rate tariff in the Ausgrid network. The DMO reference price is: $1,810 / year. Click here to view plan energy fact sheets.
Red Energy vs Powershop Plans VIC
In VIC, Powershop’s Power House plan is more cost-effective than Red Energy’s Living Energy Saver.
| Plan Name | % Below VDO* | Price/year (Est.) |
|---|---|---|
Power House
|
20.90% | $1,152 |
Living Energy Saver
|
14% | $1,245 |
*Calculated based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network. The VDO reference price is: $1,456 / year. Click here to view plan energy fact sheets
Red Energy vs Powershop Plans QLD
In QLD, Red Energy’s Living Energy Saver plan is more cost-effective than Powershop’s Power Offset plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Living Energy Saver
|
13% | $1,788 |
Power Offset
|
8.80% | $1,885 |
*Calculated based on usage of 4600kWh/year for a residential customer on a single rate tariff in the Energex network. The DMO reference price is: $2,066 / year. Click here to view plan energy fact sheets.
Red Energy vs Powershop Plans SA
In SA, Powershop’s Power House plan is more cost-effective than Red Energy’s Living Energy Saver plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Power House
|
17.20% | $1,847 |
Living Energy Saver
|
5% | $2,107 |
*Calculated 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: $2,230 / year. Click here to view plan energy fact sheets.
Red Energy vs Powershop Plans ACT
In ACT, Powershop currently does not service the area. Red Energy offers the best value by default.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Living Energy Saver
|
18% | $1,992 |
*Calculated based on usage of 6100kWh/year for a residential customer on a single rate tariff in the Evoenergy network. The DMO reference price is: $2,432 / year. Click here to view plan energy fact sheets.
Red Energy vs Powershop Solar FiT
Next, we’ll cover the latest solar feed-in tariffs (FiT) offered by Powershop and Red Energy. Solar feed-in tariffs have become popular in the solar community, offering numerous financial benefits for solar owners. Want to learn more about solar plans? Give us call today and speak with one of our solar experts to learn more.
| State | Red Energy |  |
|---|---|---|
| NSW | 10.00 | 1.40 |
| QLD | 8.00 | 1.40 |
| VIC | 4.90 | 3.70 |
| SA | 4.50 | 1.40 |
| ACT | 5.00 | n/a |
Red Energy vs Powershop Features
Powershop and Red Energy have an array of exciting features that come exclusive with being a customer. From a full-service online account to a rewards program that offers a variety of perks, energy retailers are attracting customers with various incentives. Want to see what Red Energy and Powershop offer? See the table below.
| Features |  |  |
|---|---|---|
| Monthly Billing | ||
| Bill Smoothing | ||
| Online Account | ||
| Energy App | ||
| Rewards | ||
| Green Power Option | ||
| Carbon Neutral Option | ||
| Internet Bundles |
Red Energy vs Powershop Payment Options
Wondering whether Powershop and Red Energy accepts your preferred billing method? Before you switch retailers, it’s always recommended to check which types of payments are accepted so you don’t run into billing issues.
| Payment Option | | |
|---|---|---|
| Credit Card | ||
| Direct Debit | ||
| Phone | ||
| BPAY | ||
| Post Office | ||
| Centrepay | ||
| Cheque |
Red Energy vs Powershop Renewables
Do Powershop and Red Energy rank high in renewable energy support? Retailers have been transitioning to cleaner sources of energy and promoting their efforts to the public. However, it’s important to see the actual data so you can see if they are as ‘clean’ as they advertise.
Red Energy and Powershop participated in a study that measured their efforts toward sustainability and support for renewable energy. The data shown below was pulled from the Green Electricity Guide (GEG) by Greenpeace.
Red Energy scored high in nearly every category, with multiple tens across the board. However, Red Energy did score a zero out of ten in the category of ‘halting fossil fuel expansion’.
Powershop also performed remarkably well in several categories with numerous perfect scores but faltered in the same category of ‘halting fossil fuel expansion’.
The overall rating given by the Green Energy Guide has Red Energy listed at an above-average 6.6 out of 10 and Powershop at an outstanding 7 out of 10.
| Criteria | | |
|---|---|---|
| Providing clean, renewable energy | 6/10 | 10/10 |
| Ending coal use by 2030 | 10/10 | 10/10 |
| Halting fossil fuel expansion | 0/10 | 0/10 |
| Support for new renewable energy | 10/10 | 10/10 |
| Pollution & environmental harm | 10/10 | 0/10 |
| Transparency in marketing | 10/10 | 0/10 |
Red Energy vs Powershop Results
| Categories | Winner |
|---|---|
| Electricity Prices | |
| Solar FiT | |
| Features |  |
| Payment Options | |
| Renewables | |
Should I Switch to Red Energy or Powershop?
There you have it. Both retailers clearly have a number of competitive market offers, making them both a great choice. In terms of electricity prices, Red Energy showcased exceptional rates in nearly every state over Powershop. Red Energy’s solar feed-in tariff rates and catalogue of features all beat Powershop by a significant margin.
But before switching to either one of these retailers, we recommend phoning us at Electricity Monster on 1300 232 848 and let our energy experts work to find you the best deal we have available.
If you’re worried about overpaying on your energy bill, need a new connection, or just want to switch to a new electricity provider, give us a call at 1300 232 848. At Electricity Monster, we offer various free solutions to help you find a fair deal. Best of all, our comprehensive service is 100% free to use, and our energy experts pride themselves on finding you the best deal we have available. Don’t settle for high rates in this volatile energy climate, call us today and secure the best deal we have available.
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Disclaimer
This publication reviews Red Energy and Powershop’s plans in VIC, NSW, QLD, SA, ACT, and WA published on their website as of 09/08/2024.
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 plans displayed may be different than advertised.
- The plans offered on this page may not be available in our call center.
- ‘Get Best Offer’ is indicative of the best offer available in our database from our partners
- Data regarding renewable energy was pulled from the publication Green Energy Guide by GreenPeace.Plans from the rate tables have been listed in order of lowest price first. Please check the details of these plans directly with the retailer before making any purchase decisions.
- Electricity plans are now compared to a regulated price called the Victorian Default Offer (VDO). This makes it easier to compare energy plans across the market. The VDO comparison and annual estimate is calculated based on an average usage customer.
- When calculating our rates we include in the price/year estimate the GST (unless otherwise stated), any advertised non-conditional discounts (e.g. guaranteed discount), and any one-off credits.
- What’s not included in the price/year estimate are conditional discounts, green energy charges, any concessions or rebates which may apply to you, solar feed-in tariff credits that your solar system could generate.
- The VDO 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.
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Get a $50* Coles or Woolies Voucher
When You Call & Switch Today
- Compare Providers
- 100% Free Service
- Brokered Over 150,000 Deals
Get a $50* Coles or Woolies Voucher
When You Call & Switch Today
- Compare Providers
- 100% Free Service
- Brokered Over 150,000 Deals
Benjamin Tom
Benjamin Tom covers the retail energy market, with a focus on electricity, solar, and Internet. His interests include helping people navigate the complexities of the energy market while saving money on their power bills.