10% GreenPower as standard, 3% interest whenever your account is in credit, and equal monthly payments.
We predict how much energy you’ll use over a year (based on things like the size of your home, and how much energy you’ve used in the past). Once we’ve worked out the cost of this energy, we divide that number by 12 to get a monthly ‘average’. This becomes your Direct Debit amount. This is also known as bill smoothing.
*Value is correct as of 24.12.2019 based on $1,243 per annum (and $104 per month) for the The One Plan tariff using $0.2442/kWh (unit rate) and $0.7964/day (supply charge) and a representative consumption of 3,900 kWh per annum. This consumption value is taken from the Default Market Offer Determination 2019 for an electricity user in the Ausgrid distribution zone in NSW. All rates and figures are inclusive of GST.
**Savings are based on the Default Market Offer rates that are published in the Default Market Offer Determination 2019 ($1,467 versus $1,243, calculation as stated above) equating to $223.93 per annum (inc GST).
^Interest Rewards are paid on credit balances of customers paying by monthly Direct Debit. It is calculated at 3% in your first year (and every year thereafter). Interest Rewards are paid monthly based on the number of days you’re in credit and the amount left in your account after you’ve paid your bill. Full terms apply.