The Tasmanian Renewable Energy Alliance today welcomed the arrival of a second competitor in the retail electricity market in Tasmania.
The Tasmanian Renewable Energy Alliance today welcomed the arrival of a second competitor in the retail electricity market in Tasmania. The offers from 1st Energy, together with the introduction of the sonnen flat product last year mark the tentative beginning of a shake-up of electricity retailing.
1st Energy is offering tariffs which closely match those of Aurora but with a choice of one of two possible sweeteners. Customers can choose either a 5% pay-on-time discount or, for those with solar, an extra 5c on their feed-in tariff.
The sonnen flat product introduced last year is a more specialised offering providing fixed price electricity contracts for solar owners who purchase a sonnen battery.
As with any purchase, consumers will need to check if the offers make sense in their particular circumstances.
Households using the 5% discount plan would need to be spending over $3300 a year on electricity and be able to pay all their bills promptly to get the $150/year benefit claimed by 1st Energy.
The extra 5c feed-in tariff (which is added to either the legacy 8.5c tariff or the transitional 13.5c tariff) will be a welcome bonus for solar owners who export a significant proportion of their solar generation. But the best value from solar panels is always to maximise self-consumption.
With changing tariff structures and new battery and energy management technology there are many opportunities for retailers to offer innovative products and services to Tasmanian households. We look forward to more competition based on innovation and not just on price.
- New solar tool shows daily, time-based forecast for each stateby Sophie Vorrath on 16 May 2019 at 2:57 PM
- South Australia council to save more than $80k a year with solarby Sophie Vorrath on 16 May 2019 at 2:44 PM
- Melbourne shopping centre halves grid consumption with 1MW solar arrayby Michael Mazengarb on 16 May 2019 at 11:15 AM
- Kia electric Niro named “gamechanger” in UK car awardby Bridie Schmidt on 17 May 2019 at 12:56 PM
- Tesla bags Maxwell batteries, slashes costs as Model 3 customers click and waitby Bridie Schmidt on 17 May 2019 at 12:47 PM
- Tesla Roadster takes on gas-guzzlers in remote Targa race on election weekendby Bridie Schmidt on 17 May 2019 at 11:37 AM