Amber Electric electricity plan review

Our verdict: Amber Electric’s “wholesale” model can save you money but you’ll pay a flat $15 monthly subscription fee.

4.7 ★★★★★ (3 reviews) Write a review
How does Amber Electric's 'Wholesale Prices' concept work? How It Works
Where is Amber Electric Available? See availability per state

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Created in 2017, Amber Electric doesn't work like a regular energy company. Rather than buying a power plan, you pay a $15 monthly subscription fee to buy power directly from the grid at wholesale prices.

We go through how it all works and how we think Amber Electric's customer service holds up.

Get a cost estimate for Amber Electric and apply securely online

Name Product Electricity availability Gas availability Features Customer service rating More details Details
Amber Electric
Amber Electric
NSW, VIC, QLD, SA, ACT
  • GreenPower
  • Solar
  • Monthly billing
N/A
N/A
  • GreenPower
  • Solar
  • Monthly billing
More infoView details
loading

Compare up to 4 providers

Where is Amber Electric Available?

Electricity is available to residences in the Ausgrid network in the Sydney Metro area and in South Australia.

Customers are required to pay a flat monthly fee and install a smart meter to access wholesale prices, which change approximately every 30 minutes. This means you'll pay more accurately based on how much energy you use at specific times. You can also choose to pay a higher rate for renewably sourced and carbon-neutral energy.

State⚡ Electricity♨️ Gas
NSW
VIC
QLD
TAS
ACT
SA
NT
WA

Compare prices for Amber Electric (July 2021)

Disclaimer: The following price estimates are a general guide only. Prices are based on a residential customer in NSW who consumes 3,900 kWh a year on a single rate tariff in the Ausgrid network. Prices last checked on May 2020 and are subject to change. Always check the providers site before applying - Your actual bill may vary, depending on your usage.

Based on the AER annual model usage in the Ausgrid network, the AER reference price is $1,393 / year.

From 1 July 2021, residential demand charges will be introduced for some customers to encourage households to use less electricity during peak demand times. If applicable, demand charges are billed monthly based on your highest demand for electricity in kilowatts (kWh) typically during a 30 or 60 minute period of the preceding month. Whether you receive a demand charge will depend on the electricity network region, your retailer and your electricity usage during peak demand times. The pricing in our tables do not currently account for demand charges. For more information about demand charges, please speak to your electricity retailer.

Name Product Rates Reference Price Estimated Quarterly Price Reference Price Desc Mobile More details
Daily supply charge:
$0.86/day

General usage rates:
$0.26/kWh

5% more

than the reference price

$365

Includes GST
With Amber Plan 10, for a residential customer who consumes 3900 kwh a year on a flat rate tariff in the Ausgrid network, the lowest annual cost is $1,460 which is 5% more than the reference price (including any discounts). Your actual bill will differ, based on your actual usage and tariff type.
loading

Compare up to 4 providers

A quick review of Amber Electric

Pros

  • Get 100% GreenPower plans, carbon-neutral energy, and wholesale solar power feed-in tariff prices.

Cons

  • All customers are required to pay via direct debit.

How does Amber Electric's 'Wholesale Prices' concept work?

Wholesale Electricity Prices

Wholesale Electricity Prices

In reality, all energy is bought at wholesale prices. With a normal energy provider, they purchase power at the fluctuating wholesale price and then sell it to you at a particular set usage price determined by your plan.

With Amber Electric, you skip out on the middleman and gain access to wholesale prices directly. These change every 30 minutes and are set by the Australian Energy Market Regulator. Amber Electric also gives you access to similar frequently updated solar feed-in tariffs.

The idea is that since wholesale prices spend most of their time lower than the average retailer's usage rates, you can save by getting access to them. On top of this, wholesale prices are lowest when renewable energy is in the grid, meaning you can support green energy by buying when the price is lowest.

Michael

Prior to getting his solar system set up, Michael was paying about $440 quarterly for supply and usage with Lumo, who he'd identified as having the best rates for his situation. However, after getting his solar up and running, he was able to start thinking about who would benefit him most in the form of solar feed-in tariffs for feeding excess energy back into the grid and switched to Amber Electric.

On a recent bill, Michael found that he was actually in the black as a result of switching and making money on his solar in addition to a $30 promotional credit he actually had account made an credit of $64

He did the maths and found that if he'd stayed with Lumo instead of switching, he would have owed $62 with the exact same usage and solar power production.

amber wholesale prices

amber wholesale prices Image: Supplied

Solar panel

Does Amber Electric offer solar?

Amber doesn't install solar panels, but customers who already have panels can get solar power and feed-in tariffs (FiTs) based on wholesale prices. Your FiT depends on when you export power, which means you'll receive a higher tariff if you export during peak or more expensive times.

To learn more about how feed-in tariffs work, check out our comprehensive guide to solar power.

Green energy

How green is Amber Electric?

Amber is GreenPower certified and offers a 100% GreenPower option for environmentally conscious customers. With this plan, customers pay a higher rate to ensure their energy is sourced only from certified renewable power sources such as wind or solar.

If you don't want to spend more for GreenPower, Amber also offers a carbon-neutral plan that offsets the carbon produced by your electricity sources. To do so, Amber automatically buys carbon credits to support initiatives that reduce the amount of carbon in the atmosphere.

Tag discount

Does Amber Electric offer any special incentives to sign up?

No at the moment. We'll update this page if Amber Electric decides to add any incentives.

Mobile phone

Can I manage my plan from my phone?

Not currently, but Amber Electric does currently have an online portal where customers can manage and monitor their usage and bills.

Get a cost estimate

Important notes: The estimated price we show by default is based on a single rate tariff. On your bill this might be known as a 'peak tariff', 'peak only' or an 'anytime tariff'. There are other tariff types available to customers and you may need to contact your provider if you are on these tariffs:

  • Single rate with a controlled load
  • Time of use
  • Time of use with a controlled load

The price estimate should not be used as an official quote, but an indication of what your costs may be on the plan. It varies based on whether you provide us with your bill details. You can learn more here.

Icons made by Freepik, mangsaabguru from www.flaticon.com

More guides on Finder

Lower your household bills

Go to site