States Rates 2022

Why do energy rates change each year?

We need to adjust your energy rates in-line with the latest network and wholesale costs. These have changed since we last set your prices. The good news is that this means you shouldn’t see any more changes to your energy rates until 2023.

Our policy has always been to send a written notification whenever we change our rates to give our valued customers with as much notice as possible.

The below graphic was taken from the ACCC’s recently released “Inquiry into the National Electricity Market report” available for download from the ACCC website. It shows the breakdown of costs based on a typical residential bill. The yellow bar indicates retailer margin. The majority of the bill is made up of wholesale and network costs.

Recent local and world events have caused wholesale power prices in Australia to more than double compared to last year. To get a better understanding about what has happened, you can get the facts on energy prices by reading our blog.

Why have my rates gone up?

Each year we adjust your energy rates in line with network and wholesale costs. If these costs are higher, we must pass on the cost. The good news is that this means you shouldn’t see any more changes to your energy rates until 2023.

Recent local and world events have caused wholesale power prices in Australia to more than double compared to last year and we have to adjust your energy rates in line with network and wholesale costs. If these costs are higher, we must pass on the cost.

The recent wholesale cost of energy has changed significantly. As reported by the ABC on the 29th April 2022 “Australia’s wholesale energy prices rise by 141% adding to cost of living pressures”.

Although GloBird have absorbed as much of this price increase as we can, we cannot avoid passing on the cost to consumers. To get a better understanding about what has happened, you can visit our blog.

The good news is that this means you shouldn’t see any more changes to your electricity price until 2023.

Why do energy rates change?

GloBird is a retailer, we buy energy on the wholesale market, and pay the network/distributors who deliver the energy to your premises. As such, we do not control wholesale or network prices. Wholesale costs are driven by supply and demand on the NEM (National Energy Market), and network companies obtain government approval for their distribution charges.

These costs make up the vast majority of your bill. GloBird are a budget retailer and operates on very small margins to pass on the best price we can to you. To do this, we concentrate on the costs we can control, we keep our operating costs to a minimum, and our margins are razor-thin.

Our blog explains more about what’s driving energy prices in Australia.

To learn about what’s driving gas prices check our blog post.

Why do gas rates change?

GloBird is a retailer that buys gas on the wholesale market, we pay the network/distributors who manage the infrastructure and deliver the gas to your home. As such, we do not control wholesale or network prices. Wholesale costs are driven by supply & demand. The recent wholesale cost of gas has changed. To learn more about this visit our blog.

These costs make up the vast majority of your bill. GloBird are a budget retailer and operates on very small margins to pass on the best price we can to you. The retail margin makes up only a very small percentage of a typical energy bill.

Why have my rates changed so soon after I joined you?

The length of time your price will remain the same depends on when you joined us. A customer who joined one month after the last price change, will stay on the same rates for a relatively longer time. Likewise, customers who join us later may see a rate change sooner.

Why do GloBird bill monthly?

Smaller, more regular billing makes managing bills easier. Importantly, we always use the actual reads to make 100% sure you only ever pay for the energy you consume. Not getting a bill for months means energy users are kept in the dark, blissfully unaware of their energy consumption, until they get a large bill covering a long period. To read about why we bill monthly click here.

What can I do to save more?

Ultimately, the best way to control your energy costs is to manage your usage. A list of energy saving tips is available below.

Gas 9 simple tips to keep your gas bill down

Electricity How Can We Save Energy In Our Homes?

We always want to make sure you’re on the most cost-effective plan, you can contact us at any time to check your plan. Email CS@GloBirdEnergy.com.au.