With summer right around the corner energy retailer Alinta Energy has reduced electricity prices on its HomeDeal plan this week for customers in New South Wales and Victoria.
New South Wales residents within the Ausgrid distribution zone could see reductions of up to 25% off the reference price*, while Victorians in the CitiPower distribution area can expect to see rates reduced by up to 19% off the reference price.**
A quick recap: the energy reference price refers to the Default Market Offer (DMO) and is a price cap on what energy retailers can charge on standing offers. Victoria offers the same, however it is recognised as the Victorian Default Offer (VDO).
According to Alinta Energy’s general manager of sales and marketing Jane Mills, the decision to reduce prices is a response to record low wholesale electricity prices.
“We’re in an environment where wholesale electricity prices are falling and we are going to compete hard for customers off the back of that,” she said.
“Our new HomeDeal rates are available to new customers signing up via web or phone or to existing customers who would like to review their plan via phone.”
Aside from newly discounted rates, the HomeDeal energy plan features no lock in contracts or exit fees, flexible payment options and access to Reward Shop discounts.
Alinta has also slashed rates on their BusinessDeal plan for small business customers, cutting electricity rates of up to 26% off the reference price in NSW (Ausgrid distribution zone) and up to 15% off the VDO price in VIC (CitiPower distribution zone).
The retailer has also launched small business gas products across NSW, SA and SE-QLD, with Victoria soon to follow on 14 December, 2020.
Want to find out how the Alinta Energy HomeDeal energy plan stacks up to other offers in the market? Head on over to our energy comparison tool!
*Based on a customer who consumes 3900 kWh a year on a single rate tariff in the Ausgrid network.
**Based on a customer who consumes 4000 kWh a year on a single rate tariff in the CitiPower network