Press Releases

Retail electricity competition a welcome development

Published by
Press Release
20 February 2019 11:49 AM

PRESS RELEASE

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. 
Press Release

Share
Published by
Press Release
20 February 2019 11:49 AM

Related Post

Recent Posts

Too slow and too expensive: House committee says Coalition nuclear plan won’t help climate targets

House committee says nuclear cannot be deployed quickly enough to help Australia's climate targets, or…

26 February 2025

Energy bill relief: Don’t bet the house on a federal battery rebate, offer something better

If politicians want to help permanently lower household energy bills, there are plenty of options…

26 February 2025

“Facts, not politics:” Kean fights Coalition attempts to silence him, but will he stand alone?

Matt Kean fights back against Ted O'Brien's attempts to silence him and the Coalition's threats…

26 February 2025

Solar and battery project targeted by Barnaby Joyce gets federal green tick

Major solar and battery project now has state and federal approvals in hand, after facing…

26 February 2025

BP to abandon renewable targets, divest assets in shift back to fossil fuels

Sources say the oil and gas major is scrapping plans to ramp up renewable capacity…

26 February 2025

The best spots for solar and wind farms, with the least need for new poles and wires

As we push toward a cleaner, greener grid, a key question is: Where should we…

26 February 2025