Powerclub

Powerclub ceased trading after entering voluntary administration on a decision by its board. Affected customers were moved to a provider appointed by the regulator under the Retailer of Last Resort scheme, with no exit fees, and were free to choose a different supplier. This guide is for reference only and should not be used to sign up.

For a $39 annual membership, members paid wholesale electricity prices rather than a fixed retail rate. A Powerbank deposit buffered price spikes, and the Powerwatch app alerted members to high prices so they could reduce usage and avoid bill shock.

The Powerbank was a deposit members paid at sign-up, sized to their location and usage. It absorbed wholesale price spikes so bills stayed predictable. Powerclub said the balance remained the member's money and was refunded if they cancelled.

Powerclub offered electricity only and had flagged future gas plans before it closed. Solar customers received a standard feed-in tariff that varied by state, and Powerclub reviewed the wholesale value of exports each year, often topping up the difference.

For tech-savvy households that watched their usage and shifted demand away from price spikes, wholesale pricing could deliver real savings (Powerclub quoted 20-24% off the reference price in some networks). It suited less hands-off, set-and-forget customers less well. With the retailer now closed, compare current retailers for your address instead.