Best Retailers for FIT and Energy Prices
Last July this year, we experienced a significant increase in electricity prices up to 27%, for most retailers. Some retailers are still implementing a distributed increase up to December of this year, until 2024.
One option to avoid paying higher energy costs is choosing the best retailer and plan that fits your consumption and export. This means being charged with the lowest usage rate and paid with the highest feed in tariff rate. It is also helpful to have your electricity bill analysed so you will understand more about your consumption, export and rates. To help you, below are the updated electricity rates and FIT rates.
Retailers and plans with the lowest rates.
Retailer | General Usage | Daily Charge | Specific Plan |
GloBird Energy | 26.46c | 103.50c | GloSave Plan |
Ampol Energy | 25.74c | 119.35c | Powering On |
Origin Energy | 28.84c | 120.59c | Go Variable Online Offer |
Energy Locals | 27.50c | 131.00c | Online Member/Local Member |
OVO Energy | 31.41c | 79.30c | The One Plan |
AGL | 32.10c | 133.36c | Solar Savers |
Retailers and plans with the highest feed in tariff rates.
Retailer | Min Solar FIT | Max Solar FIT | Conditions |
Origin Energy | 5.0c | 16.0c | Higher FIT on Solar Boost Plan, capped at first 14kw per day |
Red Energy | 5.0c | 16.0c | Higher FIT capped at 5kw per day |
AGL | 5.0c | 15.0c | Higher FIT on Solar Savers Plan, capped at first 10kw per day. Limited to systems up to 10kw. |
Energy Australia | 6.6c | 12.0c | Higher FIT on SolarMax Plan, capped at first 15kw per day. |
GloBird Energy | 5.0c | 11.0c | Higher FIT on SolarPlus Plan, capped at first 10kw per day. |
Energy Locals | 6.0c | 10.7c | High FIT on the first 10 kWh daily export |
Alinta Energy | 8.0c | 8.0c | PV system is limited to 5kW inverter capacity |
Most retailers do not offer lock in, so you can always change again. Be extra careful also when talking to retailers. You should know what specific plan you want and make your own calculations.
If you are receiving the 44c premium feed in tariff rate, there are retailers that pay over and above the 44c, you just have to meet their conditions to become eligible.
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