GridCredits100 – Get Paid Extra Without Lifting A Finger

Earn 100cents/kWh for your stored energy in times of need. This is a unique offer only available through Diamond Energy.

There are times when the energy stored in your battery is valuable and we can buy it from you for a premium price.

Every time we use your stored electricity you will receive a credit towards your electricity bill – GridCredit100.

Our customers have been enjoying the extra savings since early 2016

Start looking forward to your electricity bills by switching to Diamond Energy GridCredits100.

Switch & get GridCredits100 ready^

^Only available through Diamond Energy. Clicking on this button confirms you have read, understand and accept our GridCredits100 Terms and requirements.

Diamond Energy are the highest ranked for electricity retailer for solar support and offers in the Green Electricity Guide**

Existing customer and want to get on to GridCredits100? Just let us know.

Are Diamond Energy rates competitive?

Our solar customers continue to enjoy hundreds of dollars of savings each year relative to the big three retailers.

Along with competitive rates, ongoing discounts and 12c/kWh feed in rate we provide great advice on how to get the most out of your solar and battery investment.

Here are some things you should be aware of if you have solar and are comparing electricity offers.

In 2017 the Grattan Institute commented “The possibility remains that consumers who think that they are getting a good deal find that, after a year, they are on one of the poorest deals in the market”

You should be aware of confusing and high discounts, ones applied to inflated daily rates, ones that disappear after an introductory period, are hard to qualify for or only apply to a small section of the bill.

We don’t play this game !!

Comparison sites – have limitations especially when you have a solar and battery solution. They are not necessarily recommending you the best outcome.

How does GridCredits100 work?

It’s simple. During a Grid Credit Event, with the help of a Reposit Box we initiate your battery to discharge. You will be credited for this energy at 100c/kWh on your Diamond Energy bill.

Want to find out more? You can read Canstar Blue review of GridCredits100. You can also read about Nick Pfitzner (in NSW) and Greg Barber (in Vic) who switched to Diamond Energy and are receiving GridCredits100 with their new batteries.

Will I need to upgrade my meter?

To receive GridCredits100 you will need a bi-directional interval meter that is net metered.

About to install a solar system and battery storage but not sure whether or not your meter is compatible with GridCredits100?

– We’re here to help. 

At your request we will check your meter compatibility. Please include your name, NMI number (if known) and property address.

Require a new one? No problem. We will organise it for you once you have switched to Diamond Energy (above) and agreed to the costs below.

What are the costs of upgrading my meter?

Our costs for installation of an interval bi-directional meter in metropolitan areas are as follows:

  1. Single phase meter – $295 (exclusive of GST)
  2. Single phase + controlled load – $335 (exclusive of GST)
  3. Three phase – $385 (exclusive of GST)

Additional charges may apply if your property is located outside of metropolitan areas[typically $100 (exclusive of GST)]and also if your switchboard requires upgrading or re-wiring.

The cost of your meter upgrade will be included in your Diamond Energy electricity bill.

Are there any additional charges with GridCredits100?

Apart from any meter upgrade related costs that may be incurred, there are no additional charges, higher rates, changes to discounts or lock in periods with Diamond Energy GridCredits100.

How many GridCredits100 events may I experience?

There are many factors that determine the frequency and length of any Grid Credit Event. Regions with higher Volatility Factors (VFR) historically tend to experience a greater magnitude of each. You can read more on the AEMO website.

SA and QLD Volatility

High volatility events have been relatively frequent across both South Australia and Queensland coinciding with periods of high demand. The end of 2016 and first quarter of 2017 have been particularly volatile in these markets. 

NSW and Vic Volatility

New South Wales and Victoria have experienced a smaller number of potential Grid Credit Events in this period.

How many Grid Credit Events will occur in the future? This is difficult to estimate. However, recent closures of coal fired generators such as Hazelwood in Victoria and higher gas prices are likely to have an impact.

^Potential Grid Credit Events is based on Diamond Energy’s estimated number of high price events in the National Electricity Market over the defined period.

Is Diamond Energy and GridCredits100 available in my region?

Diamond Energy has been supplying electricity to residential and small business customers in VIC, NSW, SA and QLD (Energex region) for over five years – providing competitive rates and great service. We offer GridCredits100 to customers that meet eligibility requirements in these regions.

What happens if I switch and don't meet GridCredits100 eligibility requirements?

Don’t worry. You will be placed on our competitive offer that corresponds to your tariff and metering configuration.

How does GridCredits100 appear on my electricity bill?

Your electricity bill will show service to property and usage charges as per usual as well as any GridCredits100 events, feed in credits and any other fees and adjustments as appropriate.

How can I find more information on battery and energy management solutions?

To find out about our Pure Power solar installers that are also battery solutions experts along with information on energy management software solutions – visit our preferred suppliers.


 Call us locally   1300 838 009

 *Subject to Diamond Energy GridCredits100 Terms and eligibility requirements. You can also view our standard Terms and Charges.

** (Distributed Gen(solar) category, electricity retailers operating in Vic, NSE, QLD, and SA, “2015 Green electricity Guide” – Institute for Sustainable Futures, November 2015