Enjoying Powershop

I’ve been with Powershop for around a month now, and I have to say it is a very good experience.

First of all, I just love the fact they are an online company, and deal with me online. If I am late paying the power bill, I get a useful e-mail – not someone turning up to disconnect me.

Powershop have no fixed daily charge – you just buy units of power. That is especially good for someone like me, who doesn’t use a lot of power. I once went three years without turning a heater on 🙂

But what I like most is estmating my power usage, and then being able to buy blocks of power more cheaply.

I just purchased around 20 days worth of power at the Easter price of 16.46c/unit which is good value. It has to be used by 30 June 2009, so you don’t buy too much.

The cost of power goes up in winter, reflecting the spot prizes. But you can buy May to August power in advance at a fixed rate of 22.96c.

And for those who are into sustainability over price, you can choose to spend a little bit more to have power from renewable sources etc, or have trees planted to offset your usage.

So far I can honestly say I have no complaints. I can even log in at anytime and supply my own meter reading, so the estimates don’t get way out of kilter from reality. The website is very easy to use.

I won’t know until a few months have passed, how much money it is saving me, but my ballpark estimates are that the savings will be double digits compared to what I was paying. Consumer says they are going to monitor Powershop and report back how it has gone for one of their staff.