Top 10 Energy and Electricity Company in Australia
Are you looking for a reliable and cheap energy and electricity company? Several companies are offering their services, and these are listed below. AGL Energy - Origin Energy's rival - was founded in 1837 and services about 3.7 million accounts across all Australian states. They offer variable rates, a regulated gas rate, and various other options. But what makes them the best? Here are the pros and cons of each company.
BlueNRG
Providing electricity to small and medium-sized businesses in Australia, Blue NRG has a team based in Melbourne that is happy to help you out. Blue NRG prides itself on its customer service, boasting a 96% call answer rate within 30 seconds. In addition, Blue NRG also offers a variety of payment options, including direct debit, cheque, and credit card. Their customer portal is user-friendly, and you can view your usage data and control your notifications and alerts.
Whether you're considering switching energy providers or looking for a more tailored plan, it is best to consider your own personal preferences and needs. For example, if you're in an apartment complex, you might find that you're paying more than you should. In that case, you'll probably want to go with a smaller company like XO Energy. These energy providers have no lock-in contracts.
If you're worried about price volatility, Blue NRG has a hardship policy for those who can't make their payments. They'll pay you for the energy you've already exported and offer solar feed-in tariffs if you want to sell it. The company also doesn't offer any assistance with installing solar panels or other renewable energy sources, but they provide decent rates. Their tariffs in NSW are very low - just one cent a kWh below the state average. HOWEVER, in VIC and SA, they're on par or even lower than the average. In QLD, they're slightly higher than the national average.
Click Energy
Click Energy is a 100% Australian online energy retailer. It was recently acquired by a large phone and internet provider. Its customers like that it doesn't lock them into contracts and offers discounts off the entire bill or the usage charge. Click Energy has received good ratings and customer service from customers. Its customer satisfaction rating is 4 stars. It was rated highly in value for money, cost clarity, and customer service. In addition, Click Energy has a strong environmental sustainability focus.
The customer service team at Click Energy is rated highly. They are easily accessible by phone or online during business hours. If you're not able to call them, you can fill out a contact form on their website and receive a response within a few days. Unfortunately, they don't have an international phone number, but you can email them to request a quote.
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The most popular electricity plans are the Powershop, Blue Sky, and Yarra Valley plans in the market. These plans provide electricity to more than one million households in Victoria and New South Wales. You can even find deals for solar panels in some states. Unlike other companies, Click Energy is 100% carbon neutral, which is essential if you want to be a green business. This company also offers prepaid solar plans and has a generous feed-in tariff.
Red Energy
Customers can choose between various payment options for their Red Energy bills. Direct debit, credit card, BPAY, cheque, and online chat are all acceptable. For those who are Centrelink recipients, Red Energy offers Centrepay. Customers who do not have a credit card can also opt for Even Pay, which allows them to pay their energy bills in weekly or monthly installments. They can even arrange to pay their bills over the phone.
Founded in 2004, Red Energy is a 100% Australian-owned renewable energy provider. The company sources 72% of its energy from renewable hydropower and has nearly zero emissions. It also sources the remaining energy from gas and diesel. It has no current investments in coal or CSG. Customers considering Red Energy may want to consider this company based on its long-term prospects. But before choosing this company, be sure to compare their price plans with those of other companies in the same category.
One of the most appealing features of Red Energy is its range of plans. They can be chosen based on household size and usage. The company offers many electricity plans in VIC, SA, NSW, ACT, and QLD. In NSW, you can opt for a dedicated solar plan, but be warned that these plans have higher usage and supply rates than the reference plan. If you are serious about going green, Red Energy has a plan.
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Lumo Energy
A recent study by Alviss Consulting ranked Lumo Energy among Australia's top 10 energy and electricity companies. The study measured seven criteria and rated companies on a 0-10 scale. Lumo scored 5.6, with the highest mark coming from its renewable energy generation assets. The company's customer service also scores well, with fewer abandoned calls. It also provides online support and a Facebook page.
Origin is the largest electricity provider in Australia. Its motto is "Good Energy," It is committed to creating affordable and sustainable energy. Origin is also working towards making its energy supply 100 percent renewable by 2020 and removing coal from its mix by 2032. Lumo Energy is owned by Snowy Hydro Limited, one of Australia's oldest renewable electricity providers. Besides focusing on renewable energy sources, Lumo Energy is actively supported by community organizations.
While many consumers choose a big-name energy company, it's not uncommon to find smaller, Australian-owned providers. Often, these smaller companies are of better value. While the Big Three are the most well-known, they are also the most popular. Almost 90% of Australians go with the big guys, which is reflected in the quality of service. This is a good thing because smaller businesses have more room to compete for customers.
Origin Energy
Origin Energy is a vertically integrated Australian energy utility that focuses on gas production, power generation, and energy retailing. In addition, the company invests in renewable energy technologies. Origin is one of Australia's largest retailers of natural gas, electricity, and liquefied petroleum gas. Its operations span the country, including Papua New Guinea, the South Pacific, and New Zealand.
The decline of the Australian coal industry has affected the valuation of many coal-fired power stations, including the Eraring coal power station, which is responsible for about half of Origin's electricity generation. Despite the long-term decline of the coal industry, its price has spiked up in recent months, causing the company to cut its power purchase agreements by $995 million. The company is now exploring other ways to improve its financial position. It could take the lead of AGL and EA and sell more of its stake in APLNG, demerging its coal assets, or even divest its entire portfolio.
The company has a variety of payment options to suit the needs of different customers. Customers can pay their energy bills via direct debit, online, or mail. Alternatively, they can submit general inquiries online through the company's My Account portal. Customers can also pay by cheque, credit card, or savings account. If you need to extend your repayments, choose from the several payment plans available.
Origin
Listed on the ASX, Origin Energy is an Australian public utility that focuses on gas, electricity, and retailing. The company employs more than 5,000 people across Australia, New Zealand, and the Pacific. It is one of Australia's largest electricity and gas retailers, with extensive operations throughout the country and worldwide. Origin also trades electricity on the National Electricity Market.
Its Move Promise feature keeps its customers updated on their bills and energy usage. Users can submit meter readings, book a move, renew their plans, and request payment extensions. Origin also offers online account management through the Origin App, allowing users to view and manage their accounts, view their bill history, and submit meter readings. Its customer service representatives are available to answer questions and address concerns.
As the number of people using renewable energy sources increases, Origin Energy's power station assets are worth a higher price. This spike in coal prices, which came after years of decline in the industry, has hurt the profitability of its power stations. Its power purchase agreements were cut by $995 million. Origin Energy and electricity company is one of Australia's top 10 energy and electricity companies.
AGE
AGL is Australia's largest electricity and gas company, serving almost two million residential customers. Its primary source of profit is energy generation, fueled by a low-cost coal-fired fleet. AGL also supports the environment by selling carbon offsets. In addition, AGL has a reputation for being a good corporate citizen, boasting a customer service record of 62% answered within 30 seconds.
AGL is being bid on by a consortium worth hundreds of billions of dollars. The offer is not a total purchase price but is considerably less than Friday's closing share price. The proposed transaction includes debts owed to other companies and is unlikely to succeed without regulatory approval.
Whether or not AGL gets acquired is far from certain. But if the consortium is successful, it can make rapid changes at AGL. But raising capital is a complicated process, and AGL has to clear many regulatory hurdles. For example, the bid would pass through the Foreign Investment Review Board and the Australian Competition and Consumer Commission. In addition, the Morrison government could get involved in the process. AGL is also one of Australia's top 10 energy and electricity companies, so the merger could prove controversial.
In 2017, AGL acquired Macquarie Generation from the New South Wales Government for $1.5 billion. Macquarie Generation's assets included two 2,640MW Bayswater Power Station and 2,000MW Liddell Power Station, and 50 MW Hunter Valley Gas Turbines. Additionally, AGL is developing solar thermal power. It also has one of the highest customer satisfaction scores of any of Australia's top 10 energy and electricity companies.
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