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Energy Locals price drop: How much can you save?

Posted: 9 September 2021 12:17 pm
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Energy Locals is selling that sweet, sweet power juice cheaper than ever before after a recent reduction in rates on its “Online Member” plans.

Energy Locals' new updated "Online Member 2022" plans are up to 12% cheaper than they used to be. This means your appliances can chow down on their favourite snack for $48 to $168 less per year, depending on where you live.

Even better, Energy Locals is local (Melbourne based) and a solid environmental choice, winning the Finder Green Award for Green Energy Retailer of the Year (retail only) in 2020 and 2021. All its plans are carbon neutral at no extra cost.

"We pride ourselves on fairness and transparency and are excited to provide customers with some of the lowest and simplest energy prices on the market," said Adrian Marrick, founder and CEO of Energy Locals.

How does Energy Locals compare to other providers?

Energy Locals operates on a fairly unique subscription model where customers pay a monthly membership fee and get access to wholesale prices that don't include network and retail markups in return.

Low wholesale rates combined with super cheap daily supply charges means you can save over many other providers no matter how deep you drink from the well of power.

If this wasn't enough, customers in South Australia, Queensland, New South Wales, and the ACT will get 6 months of their $12.99 monthly membership fees refunded after staying connected for 6 months, while Victorians get a lower membership fee of $7.99.

How much did prices change?

Energy Locals' prices dropped from its previous plans. This is how the prices have changed in capital city regions:

  • NSW: $140 drop (11.6%)
  • VIC: $48 drop (4.0%)
  • QLD: $168 drop (12.3%)
  • SA: $127 drop (8.5%)

Cost comparison vs Origin, AGL and EnergyAustralia

Australia's 3 largest providers – Origin, AGL, and EnergyAustralia – are often considered fairly cheap, but Energy Locals performs well against most of them.

"Energy Locals, which has just launched its Online Member 2022 product, has worked hard to bring down the cost of energy for its customers," said CEO Adrian Marrick.

"As a result, the usage and supply rates for Online Member 2022 are cheaper than any of the plans advertised on the big 3 retailers' websites."

Here's how the costs compare against each providers' cheapest plans:

Energy Locals (Online Member)Origin Energy (Origin Go)AGL (AGL Super Saver)Energy Australia (Total Plan)
NSW (Ausgrid)$1,070$1,143$1,142$1,155
VIC (Citipower)$1,154$1,178$1,162$1,135
QLD (Energex)$1,193$1,252$1,248$1,251
SA (SA Power Networks)$1,361$1,476$1,613$1,596

Prices include membership fees for Energy Locals

  • Customers who are already on an Online Member plan will have to reapply or contact Energy Locals to get their rates updated to the new ones.

Solar feed-in rates

As with most providers, customers with solar panels will be paid a solar feed-in tariff for energy they export to the grid. Energy Locals' rates aren't the highest on the market, but they're reasonable in most states.

  • NSW – 7c/kWh
  • VIC – 7c/kWh
  • QLD – 6c/kWh
  • SA – 7c/kWh
  • ACT – 7c/kWh
  • TAS – 6c/kWh

Overall, Energy Locals is a solid energy provider to consider if you haven't changed electricity plans in well over a year. As everyone is always saying, don't forget to shop around and take advantage of cheaper rates.

Want to know how Energy Locals stacks up against other companies? Compare energy prices here to find out. It'll take you less than 5 minutes to get results.

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