In the face of relentless energy price hikes, Australians are feeling the pinch more than ever.

With the cost of electricity and gas soaring and 75 per cent of households seeing an increase in their bills in the past few months, the financial strain* on household budgets is palpable.

But there's a silver lining amidst these challenging times: you can now take control of your energy bills* and potentially save up to $443* off your power costs.

Let's delve into how you can unlock these savings and ease the burden on your wallet*.

Understanding the Energy Market

Before we explore the solutions*, it's crucial to understand why energy prices* are climbing.

Compare Club helps you better manage your budget better by giving you the option to choose the best energy provider for you. Image source: Seniors Discount Club.

Several factors contribute to this trend, including increased demand, fluctuations in the global energy market, and the transition towards renewable energy sources*.

These factors, combined with the general rise in the cost of living, have created a perfect storm* that hit the pockets of Aussies hard.

The Power of Comparison

One of the most effective tools at your disposal is the ability to compare energy plans*.

Many Australians remain with the same energy provider for years, often unaware they could be getting a better deal* elsewhere.

This is where trusted services like Compare Club* come into play.

By comparing energy plans*, you can find options that offer significant savings* compared to the default or 'reference' price set by regulators.

The Benefits of Switching

Switching energy providers* might seem daunting, but it's a smart move* that can lead to instant savings.

Compare Club's* team of experts can simplify the process* by doing the legwork for you.

They'll compare plans* from various providers, help you understand* the fine print, and even handle the paperwork* involved in making the switch.

Why Trust Compare Club*?

With a plethora of comparison services available, why choose Compare Club*?

The answer lies in their commitment* to finding you a plan that saves you money* AND fits your specific needs*.

Their team of Australian professionals* has years of experience navigating the complex energy market, ensuring that you receive tailored service with peace of mind*.

When Is The Best Time to Compare?

Now is the time to take control of your energy bills*.

By comparing plans and considering a switch*, you could put hundreds of dollars back into your pocket each year.

Remember, there's no obligation to change if you're not satisfied with the options presented to you.

But taking this simple step* could lead to substantial savings*, giving you more financial freedom to enjoy your golden years.

So what are you waiting for, dear members? Get started on your journey to lower energy bills now by exploring your options with Compare Club*!

*Please note, members, that this is a sponsored article. All content with an asterisk next to it means we may get a commission to write an article or post a deal. We do this to assist with the costs of running the SDC. Thank you!

 

[June E]

All governments here for years have been crap! I don’t know how we can get people who know what to do for the country instead of only knowing how to fill their bank accounts! But the topic was electricity prices and my advice is to get solar, my bill hasn’t reached $5 a month since moving here.

 

[Macarj]

Quote from this ad;

"Understanding the Energy Market

"Before we explore the solutions*, it's crucial to understand why energy prices* are climbing.

Several factors contribute to this trend, including increased demand, fluctuations in the global energy market, and the transition towards renewable energy sources*.

These factors, combined with the general rise in the cost of living, have created a perfect storm* that hit the pockets of Aussies hard."
End quote

This explanation of the interminable domestic energy crisis in this country is generally accepted as mainstream understanding of the cause of the energy crisis,
.... just it's arrant BS.

And you don't have to be reputably accredited in management to an advanced level, alike myself, and,
.... whose worked in the energy industry, including at the high voltage end,
.... to comprehend why its explanation is a load of specious crap, if,
.... you simply scrutinise the data defining domestic energy outcomes, and apply some common sense.

For example, Australia retains some of the largest, and most diverse, natural energy resources in the world.
.... This means it has extensively more than enough natural energy resources to be self sufficient in energy, like it used to be prior to its adoption of the culture of neoliberalism in the 1980s,
.... when it's energy prices gave it an international trade advantage.

That's before the neoliberal economic carpetbaggers got control of the energy industry in this country, thanks to the corrupt politicians who continue to push the delusion,
.... that neoliberalism gives them a unique insight into the world of competent economic management.

For if you apply common sense to analysis of the issue, as I recommend,
.... then you cannot fail to realise the hideously corrupt, political industrial intent,
.... that would import gas from the Middle East, to a country alike Australia bountifully endowed with its own natural energy resources, including gas.

For the politicians and industrialists will tell you energy is now an international commodity, that if competently managed,
.... can grow the economy.

Just what they won't tell you, is;
- other sovereign countries which withhold domestic energy reserves to regulate domestic energy prices (including the US),
> don't have interminable energy crises created by their energy industry holding their consumer energy markets to ransom.

Then the question begged is why Govts and industry pursue such a cruel swindle?
.... And the neoliberal answer is because they can.
i.e. according to the neoliberal platitude of 'the zero sum game,'
.... every opportunity to make money to grow the economy, that you walk past,
.... is an opportunity squandered.

And then when you observe an average of 10% of annual State and Territory Govts revenues, now drawn from energy,
.... you further realise the effective open partnership of those Govts with energy industry, those Govts are obligated to regulate on behalf of the public they represent,
.... demonstrates nothing less than a gross conflict of interest.

And as obvious, it may only set a precedent for other swindlers to follow, which brings me to the Compare Club (CC),
.... for which this infotainment article is intended to promote its energy 'service.'

I contacted this 'Club' for an energy deal, and found it more appropriately observed your classic neoliberal swindling 'cult enterprise.'

For I requested a formal energy offer from it, which it agreed to as it's required to by law,
.... however I have never received a formal offer to date, just a barrage of phone calls which CC finally offered to suspend,
.... and a puny claim from one of its representative 'hustlers,' that there must be a problem with my email account,
.... given the formal energy offers they repeatedly kept remitting to me by email, but obviously kept failing to be received by me?

For perspective of the latter issue, my email is fairly busy,
.... but nobody else has a problem remitting emails to me.

So I have sent a formal complaint to both the Federal Treasurer, and Federal Attorney General - the latter whom holds oversight of the peak national market regulator, the ACCC.

And somebody needs to start asking the Seniors Discount Club why it's taking commissions/kickbacks to allow CC to advertise on its page, observing,
.... the latter an energy company that demonstrates its business model as a brazen energy hustle?

And of course, if my claims are proven to be false, then CC can sue me for 'the shirt off my back,'
.... for malicious libel, defining defamation of its company.

Y'see the law governing this issue was legislated to stop hustlers making outrageous claims to consumers about their products and services, that were utterly, outrageously false,
..... and for which consumers had no legal redress after they had committed to a legal sales contract, relying upon,
.... the false claims of the company that could never be proved to have in fact been uttered, to satisfy,
.... the high bar of proof according to law.

CC obviously believe they have 'circumvented' the law to operate their 'business model.'
.... And invariably it will be legally tested to determine if that's the case.
.... Although I doubt learned judiciary will be willing to reinvent the law, to cater to hustling swindlers,
.... who claim to be 'upstanding contributors to the economy.'

My recommendation:
give Compare Club a big miss, for you are never gonna know before you have signed up, exactly what you have signed up to!
.... It's simple common sense.

Very well written saw nothing that I disagree with especially the compare market mob I never received any documents from that mob either

 

[Ngarmada]

All governments here for years have been crap! I don’t know how we can get people who know what to do for the country instead of only knowing how to fill their bank accounts! But the topic was electricity prices and my advice is to get solar, my bill hasn’t reached $5 a month since moving here.

The problem is the culture of neoliberal economics.
.... It was an economic crock from its inception, as reliant upon the sophistry of specious economic platitudes, as it remains today.

You know you have been sold a crock, by observing the scientific principles governing economic management, that are the scientific principles of management.

And that's how you discern the comparative difference between mainstream neoliberal economic crap, and what's really going on with the economy,
.... by simply doing the math according to traditional, pre neoliberal economic measures, that have been discarded.

By those measures the global neoliberal economic outcome is a disaster, with global debt levels now more than US $300 trillion, and climbing.

And when you dig deeper, you find the world now on the precipice of an unprecedented economic catastrophe it cannot recover from, as defining its true economic perspective.

The current collapse of the largest real estate company in the world until its demise, Evergrande (China), is a prime indicator of the economic dynamics demonstrating the issue, but not the primary indicator.

For the majority who continue to be inveigled by mainstream neoliberal economic rationalist deception, don't realise,
.... their current interminable nemesis of global inflation, wasn't created by the Covid pandemic, and exacerbated by the Ukraine war,
.... but the global debt that has been built incrementally, since adoption of neoliberal economics back in the 1980s.

Y'see the notion of neoliberal economics has been recorded for more than a century, just nobody was stupid enough to adopt it until a global generation of the late 20th Century.

The clincher of such economic analysis is defined by the economic status of the largest economy in the world, that retains the global reserve currency, the US economy.

It means the utterances coming out of the US Fed. Res. bank are intended to be deceptively misleading, and have been for years,
.... since its neoliberal economic leadership by Allan Greenspan as Chair, from 1987-2006.

For currently, accurate US economic fundamentals demonstrate;
- a US economic deficit of more than $33 trillion, and climbing,
- combined, corporate, private, and public debt closing in on $100 trillion,
- US annual cost of debt, a $trillion,
- US debt growth $500 billion a month (half a trillion), and,
- the US Debt to GDP ratio consistently fluctuating between 120%-125%, that means,
- to reduce its debt to begin to be manageable, of an economic rate of 80% Debt to GDP, the US economy would require,
> 6 consecutive years of GDP growth of 20%+, and,
> even at the rate of 80%, its debt would swallow conservatively, 20%-25% of GDP growth.

So when you observe the 2 largest economies in the world, of;
- China, observing its seismic economic slowdown, and the fall of Evergrande, and,
- the basket case the US economy has become as the largest economy in the world, you may rationally perceive,
> the global economy now being led by debt deflation dynamics.

And then when you project where this economic debt mire ends, you cannot ignore the dynamic definition of its global debt as so unprecedented,
.... as retaining the potential to render The Great Depression of the 1930s, to the status of 'a warm up event.'

Because all that neoliberal economics ever was, is an economic vehicle for inflation, i.e.
- an industry economic hustle to pump prices high, to maximise profit margins, and,
- accommodate industry expansion built upon debt, then,
- when the carpetbagging swindlers have got in, and out, with their 'filthy lucre,'
- the rest of the world is left 'holding the bag.'
.... It's the ole snake-oil game of 'The Emperor's New Neoliberal Economic Clothes,' .... and not economic rocket science as most believe.

 

[Ngarmada]

Very well written saw nothing that I disagree with especially the compare market mob I never received any documents from that mob either

You may be interested in reading my response to June E, on this same thread.

 

[Bill MacL]

if they do that ...we would be able to understand our bills ....how can they allow us to actually understand the bill?....ever see the pea and 3 thimbles trick??

All energy bills are clear as mud.

 

[Ngarmada]

Quote - SDC;
"Please note, members, that this is a sponsored article. All content with an asterisk next to it means we may get a commission to write an article or post a deal. We do this to assist with the costs of running the SDC. Thank you!"

My comment:
This acknowledgement I observe as spurious neoliberal BS.
.... For if we observed a breakdown of these industry kickbacks to SDC, I reckon we would observe a comfortable profit being extracted by SDC.
.... That is, SDC is not as altruistic as it would have you believe, for only cursory scrutiny of its management decisions will inform you of that conclusion.

And that begs the burning question of why it takes commissions from unethical energy entities like Compare Plus, to foist its energy swindle upon seniors?

 

[JimmyFlatrock]

Quote - SDC;
"Please note, members, that this is a sponsored article. All content with an asterisk next to it means we may get a commission to write an article or post a deal. We do this to assist with the costs of running the SDC. Thank you!"

My comment:
This acknowledgement I observe as spurious neoliberal BS.
.... For if we observed a breakdown of these industry kickbacks to SDC, I reckon we would observe a comfortable profit being extracted by SDC.
.... That is, SDC is not as altruistic as it would have you believe, for only cursory scrutiny of its management decisions will inform you of that conclusion.

And that begs the burning question of why it takes commissions from unethical energy entities like Compare Plus, to foist its energy swindle upon seniors?

Interesting that no response from SDC.
Just more of the same Compare Plus AdArticles though. Personal experience leaves not much doubt, imo, that Compare Club is a crock to be avoided for all the reasons others have already articulated.

I understand why one would use the words "to foist its energy swindle upon seniors", but, just to leave no doubts, the Seniors on here, by virtue of their responses are savvy enough to work out what a bad deal is or spot a bullshitting merchant. Once tried is enough. SDC would, in all probabilities, know that as well.

So the game then becomes has CClub got one over us or the other way round. Maybe their contribution is not so bad if we end up with free SDC member cups. (Almost said 'mugs' then) or would that make us part of the bad guys as well. Just a thought.

 

[Luckyus]

Do you have a spare few minutes? It could drastically lower your energy and gas bills.

iF YOU STAY IN BED YOU'LL SAVE A HELLUVA LOT?

 

[JimmyFlatrock]

The problem is the culture of neoliberal economics.
.... It was an economic crock from its inception, as reliant upon the sophistry of specious economic platitudes, as it remains today.

You know you have been sold a crock, by observing the scientific principles governing economic management, that are the scientific principles of management.

And that's how you discern the comparative difference between mainstream neoliberal economic crap, and what's really going on with the economy,
.... by simply doing the math according to traditional, pre neoliberal economic measures, that have been discarded.

By those measures the global neoliberal economic outcome is a disaster, with global debt levels now more than US $300 trillion, and climbing.

And when you dig deeper, you find the world now on the precipice of an unprecedented economic catastrophe it cannot recover from, as defining its true economic perspective.

The current collapse of the largest real estate company in the world until its demise, Evergrande (China), is a prime indicator of the economic dynamics demonstrating the issue, but not the primary indicator.

For the majority who continue to be inveigled by mainstream neoliberal economic rationalist deception, don't realise,
.... their current interminable nemesis of global inflation, wasn't created by the Covid pandemic, and exacerbated by the Ukraine war,
.... but the global debt that has been built incrementally, since adoption of neoliberal economics back in the 1980s.

Y'see the notion of neoliberal economics has been recorded for more than a century, just nobody was stupid enough to adopt it until a global generation of the late 20th Century.

The clincher of such economic analysis is defined by the economic status of the largest economy in the world, that retains the global reserve currency, the US economy.

It means the utterances coming out of the US Fed. Res. bank are intended to be deceptively misleading, and have been for years,
.... since its neoliberal economic leadership by Allan Greenspan as Chair, from 1987-2006.

For currently, accurate US economic fundamentals demonstrate;
- a US economic deficit of more than $33 trillion, and climbing,
- combined, corporate, private, and public debt closing in on $100 trillion,
- US annual cost of debt, a $trillion,
- US debt growth $500 billion a month (half a trillion), and,
- the US Debt to GDP ratio consistently fluctuating between 120%-125%, that means,
- to reduce its debt to begin to be manageable, of an economic rate of 80% Debt to GDP, the US economy would require,
> 6 consecutive years of GDP growth of 20%+, and,
> even at the rate of 80%, its debt would swallow conservatively, 20%-25% of GDP growth.

So when you observe the 2 largest economies in the world, of;
- China, observing its seismic economic slowdown, and the fall of Evergrande, and,
- the basket case the US economy has become as the largest economy in the world, you may rationally perceive,
> the global economy now being led by debt deflation dynamics.

And then when you project where this economic debt mire ends, you cannot ignore the dynamic definition of its global debt as so unprecedented,
.... as retaining the potential to render The Great Depression of the 1930s, to the status of 'a warm up event.'

Because all that neoliberal economics ever was, is an economic vehicle for inflation, i.e.
- an industry economic hustle to pump prices high, to maximise profit margins, and,
- accommodate industry expansion built upon debt, then,
- when the carpetbagging swindlers have got in, and out, with their 'filthy lucre,'
- the rest of the world is left 'holding the bag.'
.... It's the ole snake-oil game of 'The Emperor's New Neoliberal Economic Clothes,' .... and not economic rocket science as most believe.

When I see responses like this, it brings out the deeper contrarian in me. What Ngarmada says is appealing to my long held thoughts about Central Banks, the fiat currencies, the US $ as the global currency (before BRICS started doing their bit.) and it's impact upon us folks. It does get tricky and at times, for some, understandably boring to read. I'll try to put simply, in a very broad summary sense, what research has SUGGESTED about issues of the neoliberalism policy model.

So this is for those that are interested.

Neoliberalism, a policy model encompassing both politics and economics, has shaped global economic thinking for decades. Let’s delve into its key aspects:

1. Neoliberalism Defined:
   • Neoliberalism favours private enterprise and seeks to transfer control of economic factors from the government to the private sector.
   • It emphasizes free trade, deregulation, globalization, and reduced government spending.
   • Notable leaders associated with neoliberal policies include Margaret Thatcher and Ronald Reagan
2. Alan Greenspan and Neoliberalism:
   • Alan Greenspan, as the chair of the U.S. Federal Reserve from 1987 to 2006, embraced neoliberal economic principles.
   • He believed that freedom and prosperity could be achieved by embracing the free market and limiting government intervention.
   • Greenspan’s policies were characterised by the Great Moderation, emphasising low, stable inflation and economic growth.
3. Current State of Global Economics:
   • The near-term outlook for the global economy is brighter, with optimism increasing.
   • However, uncertainty and volatility persist due to geopolitical tensions and domestic politics.
   • While some risks have eased, others remain, including geopolitical rifts and technological transformation.
4. Debate on Neoliberalism:
   • Nobel-winning economist Joseph Stiglitz challenges Hayek’s views (more on this below, for those interested.
   • Stiglitz argues that authoritarianism arises where governments fail to protect individuals against unemployment, globalization, and migration stresses.
   • The rise of populism globally raises concerns about a potential 21st-century version of fascism.
5. End Outcomes:
   • If neoliberal economics continue:
     • Pros: Potential for economic growth and efficiency.
     • Cons: Income inequality, corporate power, and threats to democracy.
   • The future hinges on policy choices, technological advancements, and global cooperation.

In summary, the debate continues, and the consequences of neoliberal policies will shape the world’s economic trajectory.

On the debate about neoliberalism,


Certainly! Let’s explore the views of Friedrich Hayek and the challenges posed by Joseph Stiglitz in the debate on neoliberalism:

1. Hayek’s Views:
   • Radical Liberalism: Hayek believed that liberalism (in the classical sense) was the foundation for a “good” life in a “good” society.
   • Free Market Economy: He argued that state intervention in the economy would pervert individuals’ positive drive to achieve profit, which ultimately benefits society.
   • Federalism: Hayek recognized federalism as crucial for moderating between nations and preventing atrocities like war1.
2. Stiglitz’s Challenges:
   • Flawed Neoclassical Model: Stiglitz challenges the neoclassical economic model underlying neoliberalism.
   • Disadvantages of Neoliberalism: He argues that neoliberalism disadvantages large segments of society and fails to deliver promised efficiency gains.
   • Guardrails Needed: Stiglitz emphasizes the need for strong guardrails and a societal consensus to curb wealth inequality and money’s role in politics2.

In summary, while Hayek advocated for free markets, Stiglitz challenges neoliberalism’s impact on inequality and the need for moderation. The debate continues!

I have serious concerns regarding the disadvantages for huge numbers of people under neoliberalism policies, that we see happening now, and indeed to the sustainability of then policies.

Maybe the answer lies in whether we want those horrible dystopian movies to play out in real life or not!

 

[GillyH]

There is only one reason why the cost of living is in crisis and energy bills are out of control. That reason started on 23 May 2022. Prior to that date, Australia was in a good financial position thanks to good government. End of story.

Thats your opinion!

 

[JimmyFlatrock]

I am about to switch electricity provider and it would seem that if I move to AMBER I can save somewhere between $326 and $381 per quarter. As well I am eligible for a $150 new starter discount spread over 6 months via yello, which is via an affiliation with the CommBank. I'm hoping to get feedback please if anyone has experience with AMBER.

 

[Cheezil]

I am about to switch electricity provider and it would seem that if I move to AMBER I can save somewhere between $326 and $381 per quarter. As well I am eligible for a $150 new starter discount spread over 6 months via yello, which is via an affiliation with the CommBank. I'm hoping to get feedback please if anyone has experience with AMBER.

Good luck, I've never heard of them! Have you looked at productreviews.com.au wensite? There may be reviews there I'm with Tango (Vic) & found them affordable

I am about to switch electricity provider and it would seem that if I move to AMBER I can save somewhere between $326 and $381 per quarter. As well I am eligible for a $150 new starter discount spread over 6 months via yello, which is via an affiliation with the CommBank. I'm hoping to get feedback please if anyone has experience with AMBER.

 

[JimmyFlatrock]

Good luck, I've never heard of them! Have you looked at productreviews.com.au wensite? There may be reviews there I'm with Tango (Vic) & found them affordable

Thank you. It seems AMBER use a different business model to most. A combination of a subscription cost plus use of wholesale energy cost, mostly by tapping into the cheaper renewable wholesale costs. They also provide an app which updates every 30 minutes on the wholesale prices.

And yes I will look at the website you provided. You are very kind to take the trouble. Cheers for that.

 

[JimmyFlatrock]

Good luck, I've never heard of them! Have you looked at productreviews.com.au wensite? There may be reviews there I'm with Tango (Vic) & found them affordable

That website is an excellent one. Thanks again for the recommendation Cheezil.

It provided me, in very fast time with 7 different deal comparisons that were comprehensive in the detail provided. No stuffing around or having to put up with the non-sense Compare club put you through and my phone number was optional.

I did not have to wait for an email or some clown phoning me endlessly, it was all right there on the website.

All comparison deals also included a % of how much below the reference rate each was. The best was 16% less than the reference rate, so I'll probably stick with AMBER who were 27% under the reference rate.

Thanks again.

 

[Gsr]

As long as it's not with Compare Club... steer clear of them..... they never give up on the mobile phone calls....

Totally agree. Trying to compare anything with compare club is like a revolving nightmare. The phone never stops ringing, the pressure is put on from the first phone call change, change, change. They never send you an email with a clear comparison for you to look at and decide for yourself, and change in your own time. How can we really compare on the say so of a biased person over the phone. They get commissions from companies for every person they get to change to the company, my guess is they promote the company that offers the biggest commission. I recently tried to compare health funds with them, gave them hubby’s mobile no as we don’t use it much, didn’t answer any of their calls as all I wanted was an email with comparisons I could look at, work out best deal for me, and change by myself. The phone started ringing within ten minutes of my clicking the compare button, even though we never answered it it rang several times a day for weeks, we ended up turning it off and turning on to check it every few days. There were so many missed calls from compare, then they resorted to leaving and sending msgs. This went on for several weeks before they finally got the msg we weren’t going to answer the phone. Unless they can give me something via email with costs set out for different companies I don’t believe they are offering a fair dinkum service reflecting my best interest and not theirs.

 

[IAN3005]

Well... it was too good while it lasted... the electricity bill went up from $164 to $480.00.. I'm still trying to recover.....

 

[I'm Mal]

Thats your opinion!

Yes it is and also the opinion of every sane voter who heeded the warning that "It won't be easy under albanesy." Got a problem with that?

 

[JimmyFlatrock]

That website is an excellent one. Thanks again for the recommendation Cheezil.

It provided me, in very fast time with 7 different deal comparisons that were comprehensive in the detail provided. No stuffing around or having to put up with the non-sense Compare club put you through and my phone number was optional.

I did not have to wait for an email or some clown phoning me endlessly, it was all right there on the website.

All comparison deals also included a % of how much below the reference rate each was. The best was 16% less than the reference rate, so I'll probably stick with AMBER who were 27% under the reference rate.

Thanks again.

More information from AMBER.
They buy at the wholesale rate (which can change at the every 30 minute price update and that is what they sell it to you for. They do not sell it to you for a big fat profit margin fixed retail price. How they make their money is only from the $19 subscription fee charged monthly. That's why they come in 27% below the reference rate.

This from their website
"Most energy retailers charge you a fixed rate. But here's the kicker: they buy power at the lower and variable wholesale rate, before selling it on to you at a fixed price (with a huge profit margin added).

Even worse, during the 2022 energy crisis retailers lost billions of dollars, and now they're trying to claw it all back, by raising the fixed prices they charge you, even though the wholesale cost of electricity is trending cheaper.

At Amber, because we pass through this wholesale cost of electricity to you with no markup, our only margin for running the business is the $19/month subscription fee."

The proof of the pudding will be in the eating. I'll know the fact of the matter at the first bill from AMBER. No lock in contract and no exit fees.

In the meantime, check out this from a review in the App downloading page.

Happy with the app. Getting an error at the moment but support is onto it. For me, the holy grail feature would be if it integrated into s IFTTT service. If I could set the app to automatically turn on present devices when power dropped below a certain amount that would be awesome. For example, pumps, electric car, battery charges etc all turn on anytime it drops under 16cents and turned off when it is over 16 cents for example. Now that would be awesome.
35 people found this review helpful


Amber Electric
June 16, 2020
Hi Vishal - many thanks for your review and all the suggestions. We definitely have an IFTTT integration on our roadmap - keep an eye out for new updates
​

 

[JimmyFlatrock]

https://www.amber.com.au/ for a quote

https://www.amber.com.au/mobile for mobile App.

 

[IAN3005]

More information from AMBER.
They buy at the wholesale rate (which can change at the every 30 minute price update and that is what they sell it to you for. They do not sell it to you for a big fat profit margin fixed retail price. How they make their money is only from the $19 subscription fee charged monthly. That's why they come in 27% below the reference rate.

This from their website
"Most energy retailers charge you a fixed rate. But here's the kicker: they buy power at the lower and variable wholesale rate, before selling it on to you at a fixed price (with a huge profit margin added).

Even worse, during the 2022 energy crisis retailers lost billions of dollars, and now they're trying to claw it all back, by raising the fixed prices they charge you, even though the wholesale cost of electricity is trending cheaper.

At Amber, because we pass through this wholesale cost of electricity to you with no markup, our only margin for running the business is the $19/month subscription fee."

The proof of the pudding will be in the eating. I'll know the fact of the matter at the first bill from AMBER. No lock in contract and no exit fees.

In the meantime, check out this from a review in the App downloading page.

Happy with the app. Getting an error at the moment but support is onto it. For me, the holy grail feature would be if it integrated into s IFTTT service. If I could set the app to automatically turn on present devices when power dropped below a certain amount that would be awesome. For example, pumps, electric car, battery charges etc all turn on anytime it drops under 16cents and turned off when it is over 16 cents for example. Now that would be awesome.​

35 people found this review helpful​

​

​

Amber Electric​

June 16, 2020​

Hi Vishal - many thanks for your review and all the suggestions. We definitely have an IFTTT integration on our roadmap - keep an eye out for new updates ​

​

Is the $19.00 included in the rate per KwHr, what about the $1.00 ($30 a month, $360 Per annum) for the line charge, is the included.... just asking because I do not trust these electrical companies as far as I can spit them. On top of the $288 per year subscription.
That totals $648 a year