Dan Adams, who co-founded the company with Chris Thompson, said consumers should be able to take advantage of falling wholesale prices. But he said those on standard deals were largely missing out because they were locked into flat-rate contracts based on last year's extraordinary prices.
The majority of customers buy their electricity through fixed contracts that keep prices stable. Some retailers are offering to give consumers access to the wholesale market in a bid to cut their power bills.
Aussies are reporting bill shock over the skyrocketing cost of electricity and gas this year. Switching providers is one way to try and reduce these costs, with companies like Amber Electric offering wholesale prices.
Amber acknowledges Aboriginal and Torres Strait Islander peoples as the Traditional Custodians of the land on which we operate. We pay our respects to Aboriginal and Torres Strait Islander Elders past, present, and emerging.
Amber is available in VIC, SA, NSW, ACT and SE QLD.
Amber passes through wholesale electricity prices directly at the cost to us, this includes: wholesale energy costs, hedging costs, network charges (per kWh and per day), metering costs, environmental costs and carbon offset costs.
Amber Electric Pty Ltd is an authorised electricity retailer and the provider of the Amber energy product.