Powerclub is not your average energy retailer. We have set out to challenge the status quo and change the way people buy, sell and use power in Australia. You see, Powerclub is a company limited by Guarantee, which means that like a not-for-profit or charity, the company does not aim to make a profit. Basically, if we receive more revenue than what we need to cover our minimal operational costs, we return the excess charges to our members.
Wholesale energy will normally vary between minus 1c - 10c per kWh but on rare occasions can go as high as $15 per kWh for very short periods of time. Powerbank is an innovative technology that smooths out the wholesale market, giving you greater control and protection.
Simply put - your Powerbank will act as a buffer to smooth out the highs and lows of the wholesale energy market - covering the difference when prices are high and replenishing when wholesale prices are low.
The members app, Powerwatch, will alert you when wholesale prices are high and advise you of ways to reduce your energy use at that time. A price spike typically doesn't last very long so it's important to act fast. Taking control of your usage will ensure you don't deplete your Powerbank by paying too much for power.