5% off power thanks to renewables

Powershop, the energy retailer that loves renewable energy, has just announced a 5% price-cut "all thanks to renewable energy".

CEO Ed McManus says it's because they've managed to get really good price deals with new wind and solar farms.

“The price that we get the energy from these new wind and solar farms is cheaper than the energy we can get from the normal wholesale market day to day.”

See the video for more information or read more details of the power stations.

Today a price drop for all our customers in VIC thanks to our investments in renewable energy. NSW/QLD stay tuned. Got Qs, go here: https://t.co/H75pUXAGx4🌱💫

— Powershop Australia (@PowershopAus) February 28, 2018

At the moment this price-cut is for Victorian customers only, with NSW and Queensland customers to expect a lower price around mid-year.