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12 March 2016

Australia’s first fixed cost energy plan

The launch of Origin's Predictable Plan on Monday promises to provide relief for customers who feel anxious about their bills by allowing them to pay a fixed amount for their energy.

For the majority of Australians who feel anxious about receiving unexpected energy bills, a game changing new product from Origin being launched on Monday promises relief by allowing them to pay a fixed amount for their energy.1

“With Origin’s Predictable Plan, Australians can now pay the same amount for their energy every month or fortnight, no matter how much they use”, says Rebekah O’Flaherty, Origin’s GM Retail Marketing, Sales & Service.

“This is the first energy plan of its kind in Australia to address the concerns of customers who find it difficult to budget without knowing what their energy bill is going to be.

Predictable Plan removes any nasty surprises by allowing customers to lock in their energy costs for the entire year and pay the same amount monthly or fortnightly.”

This fixed price will protect customers against any variations in energy prices during this time and against any variation in their own usage. Customers will pay exactly the same every month or fortnight no matter how much they use.

Predictable Plan is available for either natural gas or electricity or both. The plan is personally tailored for every customer and is exclusive to existing Origin customers with three months of billed usage at their current address.

For Sally Urquhart from Hawthorn, who runs a business and has a young family, Predictable Plan is a simple, hassle-free way of paying for energy.

“I used to shop around to try and get the best energy deal, but there are so many discounts and incentives offered, it is hard to compare and know when you are getting a good deal.”

“I like the idea of one transparent, fixed price that won’t change no matter how much energy we use. It will definitely help with budgeting and prevent surprise bills.”

Currently only 13 per cent of Australians find their energy bills predictable, but they find it much easier to predict their internet (50 per cent) and phone bills (40 per cent).2

About Predictable Plan  

  • It’s predictable – pay a fixed amount for 12 months no matter how much you use
  • Available for electricity or natural gas
  • No price increases during the 12 month period
  • Easy budgeting – choose fortnightly or monthly payments and know exactly what’s coming
  • Tailored pricing for each customer and their home
  • Hassle free - direct debit payments are made automatically and can align with your pay
  • No exit fees – change to another plan any time
  • Green energy options available
 

1 Seven out of 10 Australians feel anxious about receiving unexpected energy bills - Survey of 1,021 Australian residents conducted by McCrindle research between 25 – 29 January, 2016
2 Data source as above

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About Origin Energy

Origin Energy (ASX: ORG) is the leading Australian integrated energy company focused on gas and oil exploration and production, power generation and energy retailing. A member of the S&P/ASX 20 Index, the Company has approximately 6,900 employees and is a leading producer of gas in eastern Australia. Origin is Australia’s largest energy retailer servicing 4.3 million electricity, natural gas and LPG customer accounts and has one of the country’s largest and most flexible generation portfolios with approximately 6,000 MW of capacity, through either owned generation or contracted rights.

Origin’s strategic positioning and portfolio of assets provide flexibility, stability and significant opportunities for growth across the energy industry. Through Australia Pacific LNG, its incorporated joint venture with ConocoPhillips and Sinopec, Origin is developing one of Australia’s largest CSG to LNG projects based on Australia’s largest 2P CSG reserves base.

In New Zealand, Origin operates oil and gas projects and holds petroleum exploration acreage.

Origin has a strong focus on ensuring the sustainability of its operations, is the largest green energy retailer in Australia and has significant investments in renewable energy technologies.