Home > Energy Plans > Nectr Energy
Nectr Energy
Nectr Energy is a popular green energy provider in Australia. Read more about them and discover how green they really are here through Savvy’s energy review.
Author
Savvy Editorial TeamFact checked
Nectr Energy is the retail arm of the South Korean corporation Hanwha, which is a giant multi-national corporation with interests in renewable energy production, materials, engineering, aerospace, satellite communications and finance. It operates the largest modular solar farm in the USA, and is currently building two large solar farms in Australia. Hanwha is credited as the inventor of the innovative smart solar beehive, which aims to protect bees from extinction as a vital link in the world’s food chain.
Nectr Energy offers electricity plans, solar plans and solar installation across four states, with some of its award-winning solar plans among the cheapest plans available in Australia. It has a strong reputation for innovation in the renewable energy sector, and as a leading driver for sustainable energy development.
Disclaimer: Please note that Savvy does not represent Nectr Energy for their retail energy products. All listed information is correct as of August 2023 but subject to change.
Which states or territories does Nectr Energy supply power to?
Currently Nectr Energy offers electricity energy plans in:
- New South Wales
- South-east Queensland
- South Australia
It also installs solar energy systems in the ACT, but does not offer electricity plans in that state.
What is the size of Nectr Energy in Australia in comparison to other energy retailers?
According to the Australian Energy Regulator’s latest report (Q2 2022/2023), Nectr Energy now has nearly 29,000 retail electricity customers, making them the 15th largest retail electricity company in Australia. They command 0.4% of the electricity retail market share.
What are some of the pros and cons of using Nectr Energy as your energy provider?
- Fixed-rate plans, fixed for 12 months on offer
- Option to bundle a solar and battery backup plan
- Refer-a-friend cashback offer available
- Comparatively cheap electricity plans, up to 25% less than the reference price
- Great mobile app to help monitor energy use
- 100% carbon neutral at no extra cost to you
- No retail gas plans on offer
- Only offer electricity plans in three states, excluding VIC, NT, WA, TAS and ACT (although solar installation offered in ACT)
- Solar feed-in tariffs only apply to the first 10kWh of energy fed back into the grid
- High solar feed-in tariffs only available if you buy your solar system from Nectr Energy
How is Nectr Energy rated as a green energy provider?
According to Greenpeace’s Green Electricity Guide, Nectr Energy has a very high score of 7.3/10. This is due to offering 100% renewable energy electricity plans, and solar and battery bundle plans, although they do still buy some power from the open market. *
Their scores for these specific criteria are:
- Providing clean, renewable energy: 40%
- Ending coal use by 2030: 80%
- Halting fossil fuel expansion: 100%
- Support for new renewable energy: 100%
- Pollution & environmental harm: 80%
- Transparency in marketing: 80%
*Information from Greenpeace’s Green Electricity Guide is current as of August 2023, but subject to change
Why compare energy plans with Savvy?
Free comparisons
Our handy comparison tool is free to use, so you can compare gas and electricity plans from our trusted partners at no cost.
Instant online energy plans
Once you tell us where you live, and the plan you're after, you'll be able to instantly compare plans side-by-side online.
Switch and save
You'll be offered the opportunity to switch to a better energy plan, potentially saving you money on your energy bills.
Frequently asked questions about Nectr Energy
Nectr Energy’s parent company, Hanwha, is the inventor of the solar bee hive. With solar panels mounted on top, the solar bee hive maintains an optimal environment for bees by regulating temperature, humidity, water, and food. A clever feature of the smart hives protects bees from their greatest natural enemy, hornets. Hornets are detected by analysing ambient sound. Upon detection, the hive entrance narrows, preventing hornets from entering but still allowing bees to enter. The solar beehive not only boosts bee populations and species preservation, but also offers real-time monitoring of bee growth, swiftly identifying diseases and pests. As a result of the global importance of bees to the production of food, and the success of the solar bee hive, Hanwha named its electricity division Nectr, and its motto is: ‘We beelieve in cleaning up energy so that it works for all of us.'
If you've installed a solar panel system, a solar + battery system, or a standalone battery storage system, and you refer a friend who joins Nectr on a new energy plan, both you and your referral friend can enjoy a $500 credit applied to your electricity plan.
Yes. Nectr Energy’s solar energy bundle offers solar installation with no upfront costs or interest fees. Customers pay off the cost of their solar panels over three years. The cost of such a plan for a standard 6.6kW solar system with a 5kw inverter is $145 a month in NSW, QLD and SA, and $176 a month in the ACT. Prices are subject to eligibility criteria and subject to change.
Yes, Nectr’s call centre is based in North Sydney, NSW, so all customer service calls are answered by operators in Australia.
More energy retailer reviews
ActewAGL
Actewagl is the main energy retailer for the ACT, but also some parts of NSW. Read more about them and find out how green they …
Nectr Energy
Nectr Energy is a popular green energy provider in Australia. Read more about them and discover how green they really are here through Savvy’s energy …
Globird Energy
Globird Energy is one of the smaller energy providers in Australia. Read more about them and find out how they compare with other retailers here …
Dodo Power and Gas
Dodo is well known for its mobile and internet plans – but did you know the company also supplies electricity and gas? Read more about …
Origin Energy
Origin Energy is the largest energy provider in Australia. Find out more about Origin and how their energy prices compare to others here through Savvy’s …
1st Energy
1st Energy is a relatively small energy provider in Australia. Read all about them and find out how green they are here through Savvy’s energy …
Red Energy
Red Energy is a rapidly-growing electricity retailer with a very green background. Read more about them and find out how green they really are here …
Amber Electric
Amber Electric is a unique energy provider in Australia who do things slightly differently. Read more about them and find out how they compare to …
Compare energy plans
Disclaimer:
Savvy is partnered with Econnex Comparison (CIMET Sales Pty Ltd, ABN 72 620 395 726) to provide readers with a variety of energy plans to compare. We do not compare all retailers in the market, or all plans offered by all retailers. Savvy earns a commission from Econnex each time a customer buys an energy plan via our website. We don’t arrange for products to be purchased directly, as all purchases are conducted via Econnex.
Any advice presented above is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an energy plan. For further information on the variety of energy plans compared by Econnex, or how their business works, you can visit their website.