amaysim launches power plans with $250 cashback
Electricity and gas are now on no lock-in monthly contracts with amaysim.
Mobile provider amaysim has continued its expansion into new categories, launching electricity and gas plans just five months after introducing NBN broadband services.
The amaysim power plans feature no lock-in contracts, monthly billing, ongoing discounts and relatively generous solar feed-in tariffs for households with solar panels. Solar feed-in tariffs in many states have fallen dramatically after government subsidies were dropped.
"What matters to Australian consumers is clear – they want simplicity, convenience and great value from their energy retailer, and they don’t want any surprises," amaysim CEO Julian Ogrin said.
The exact rates that apply will depend on your address, but amaysim says the following general discounts to standard usage and supply charges and solar feed-in tariffs will apply in the four states where it is launching (NSW, Victoria, Queensland and South Australia).
| State | NSW | VIC | QLD | SA |
|---|---|---|---|---|
| Electricity discount | 35% | 31% | 15% | 28% |
| Gas discount | 13% | 21% | n/a | n/a |
| Solar discount | 25% | 14% | 7% | 28% |
| Solar feed-in tariff | 17 cents | 18 cents | 14 cents | 20 cents |
As a launch promotion, amaysim will offer existing customers $250 in credit against their power bill or $120 in phone credit when they sign up for an electricity or gas plan.
The move comes after amaysim acquired Click Energy in April this year. Click will continue to offer its own individual power plans as well. Current plans call for more integrated bundle deals across Click Energy and amaysim in the first half of 2018.
The new move puts amaysim into a very small pool of companies that offer both phone and electricity services. The only other business doing this in Australia that we're aware of is Dodo.
Australian power prices have gone up 63% in the last decade, so it's definitely worth shopping around to find a better deal.
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My present contract expires in January
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Rench