Diamond Energy
Diamond Energy is an up-and-coming clean green energy retailer, supplying both retail and business customers. Find out more about them and how green they are here through Savvy’s energy review.
Fact checked
Diamond Energy is a small but growing electricity retailer which claims to be Australia’s greenest electricity provider. It offers 100% renewable electricity plans to Australian retail and business customers in four states. It was the first electricity retailer in Australia to offer an export tariff for solar home battery owners.
Founded in 2004, they source their electricity from 100% renewable energy generation, which includes solar, wind, biogas and hydropower. This makes them a popular choice for environmentally conscious consumers who want to support clean energy initiatives.
As a smaller, independent retailer, Diamond Energy is known for its personalised approach and commitment to supporting renewable energy projects. Their dedication to sustainability and customer satisfaction has earned them a strong reputation in the Australian energy market.
Disclaimer: Please note that Savvy does not represent Diamond Energy for their retail energy products. All listed information is correct as of August 2023 but subject to change.
Which states or territories does Diamond Energy operate in?
Currently, Origin Energy offers electricity plans in:
- New South Wales
- Victoria
- Queensland
- South Australia
What is the size of Diamond Energy in comparison to other energy retailers?
According to the Australian Energy Regulator’s latest report (Q2 2022/2023), Diamond Energy now has over 11,800 retail electricity customers, and they command around 0.2% of the retail market share.
What are some of the pros and cons of using Diamond Energy as your energy provider?
- Australia’s greenest energy retailer
- Australian based company and call centre owned by its
- Refer-a-friend referral program offering 2% ongoing discount
- $35 additional sign-up credit for your friend under the referral program
- Option to join a Virtual Power Plant if you have a solar battery system
- Discounts available for pay-on-time and direct debit payments
- Generous solar and battery feed-in tariffs available
- Partnership with Victoria Bitter beer company to exchange solar credits for slabs of beer
- Only one retail electricity energy plan on offer for those who don’t have a solar system
- Not the cheapest electricity plans available for non-solar owners
- Late payment fee of $15
- Establishment fee of $22 for switching to Diamond Energy
- Higher prices are charged after a certain threshold of power is consumed each month
- No lock-in contracts so prices can fluctuate
How is Diamond Energy rated as a green energy provider?
According to Greenpeace’s Green Electricity Guide, Diamond Energy is the No. 1 greenest energy provider in Australia, scoring a perfect score of 10/10 overall.*
Their scores for these specific criteria are:
- Providing clean, renewable energy: 100%
- Ending coal use by 2030: 100%
- Halting fossil fuel expansion: 100%
- Support for new renewable energy 100%
- Pollution & environmental harm: 100%
- Transparency in marketing: 100%
*Information from Greenpeace’s Green Electricity Guide is current as of August 2023, but subject to change
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