Wholesale energy prices until 2020? Energy Locals makes power promise

Friday 07 September 2018

Article by Monika Gudova

How does paying wholesale prices for your electricity for the next two years sound? That’s exactly what’s on offer with Energy Locals' new power promise.

Wholesale energy prices until 2020? ‘Energy Local’ makes power promise

Under the Member Promise 2020, Energy Locals customers in NSW, ACT and south east QLD have to sign up to be a member, and pay a $4.50 fee each week to get the wholesale rate on electricity. The prices are fixed until 2020, meaning that even if energy prices increase your bills will stay the same.

“Plans have simple rates that can easily be understood. There are no inflated tariffs to create fake discounts. It’s just clean energy at a great rate,” Energy Locals founder and CEO Adrian Merrick said.

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Merrick hopes that the new plan will push other retailers to lower their prices by becoming more consumer focused.

“Addressing the cries from Canberra for more transparency and honesty in the energy sector isn’t hard - unless you’re a big energy company,” Merrick said.

“Prices continue to hurt customers where unjustified bill increases are negatively affecting their way of life.”

As part of the new deal, Energy Locals will source energy from Cape Byron Power, a bio-generator that uses sugarcane and sawmill waste in generating it’s electricity. They’re also promising to donate $1 of the membership fee to a charity partners such as Cancer Council or Surf Life Saving NSW.

How much could I save on my energy?

With high energy prices seemingly here to stay, Aussies are getting desperate for any way to save on their electricity bill. The average price of NSW energy in Mozo’s database for a family without solar panels and using 7,000kWh per year is a hefty $2,477.

However, according to One Step Off The Grid, a household in NSW who signs up to the Member Promise 2020, would pay $2,267 a year for their energy, with the weekly membership fee included.

That’s an average saving of $210 a year!

“While the Australian government is busy arguing how to best reduce household energy prices, the little guy has come up from underneath and made it look easy,” said Mozo Director Kirsty Lamont.

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“Energy prices are too fickle to not check up on once in a while, and to not compare how your plan stacks up against the rest is basically like throwing money out the window,” said Lamont.

Convinced? Compare local deals on your energy by checking out our energy comparison tables.

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