The $4 Billion Loyalty Tax: Nectr’s Home Buzz is the Solution

We’re thrilled to have our Nectr Home Buzz plan featured in a recent article by ChannelLife Australia, which uncovered a staggering issue impacting Australian households. The article reveals that Australians are collectively losing over AUD $4 billion each year in what has been described as an energy 'loyalty tax.'

This "loyalty tax" is a direct result of consumers not switching energy providers to access better deals. According to recent data cited in the article, a shocking 80% of Australian households could be saving at least 17% on their annual energy bills by simply finding a more competitive offer. For households, this can mean paying over $200 more per year just by staying on the same plan for longer than twelve months.

At Nectr, we’ve always believed in making energy simple, fair, and affordable. That's why we launched the Nectr Home Buzz plan, designed to provide competitive pricing and tools to help you manage your energy usage. We’re proud to be ranked among the top three most competitive energy deals in NSW.

As our Managing Director Hayden Barry stated, we encourage everyone to "review their power bill" and see if Nectr Home Buzz fits their energy needs. We're committed to bringing affordable energy solutions to Australians and are proud to be part of the conversation on how to help end the "loyalty tax" for good.

Don't let loyalty cost you. See how much you could save today.