Powerclub provides Members with access to wholesale electricity spot prices, charges, and operational expenses at cost, so you only pay for the energy you use, the services you get and nothing more. To support our operational costs, we include 28.6c in the daily Supply Charge and 0.836c (less than one cent) per kWh used.
To learn more about what's included in Powerclub's rates, click here.
Powerclub does pay a license fee to use the innovative business processes which are made up of your annual membership fee and interest made on Powerbank. Eventually, that may be a profit to the IP Owner.
The IP owner is Power Club Investments Pty Ltd, a group of Australian investors who believe in our mission and funded the project to bring Powerclub to life. Power Club Investments Pty Ltd is not involved in any part of Powerclub's operations other than licensing the IP. The legal agreement between Power Club Limited and Power Club Investments Pty Ltd restricts licencing changes to the Consumer Price Index, if at all.
That means that, unlike companies with shareholders, Powerclub's service fees and annual membership can not be increased or decreased on request of the licensee to benefit the licensee. It protects Members from unfair rate rises, and price gouging, which is unfortunately not uncommon in the electricity retail industry.
Powerclub protects Members' interests first by being Limited by Guarantee, Member-owned, and operating through no-profit processes. This structure guarantees that we will remain 100% committed to delivering the lowest-cost electricity possible and maintain lean operating costs. Powerclub will continuously improve on innovative solutions to help Members reduce their electricity costs at home, or for their business.
If Powerclub receives more revenue from our charges than what we need to pay for our staff, operational costs, and licences, the excess will be returned to Members or reinvested into Powerclub for their benefit.