Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Canstar Blue compares electricity plans from 39 providers across Australia to help you find the best value for money. We work with these providers and other resources to ensure prices are updated as soon as possible, so you can be sure you’re seeing the best new deals.
In addition to listing the cheapest prices, our electricity comparison service includes a unique ‘value score’ feature that lists plans based on which offer the best overall value rather than just the cheapest rates. The value score is a rating out of 10, combining price and features data to help you make an informed decision about your next electricity provider. Click here for more details on our pricing and value scores methodology.
Our electricity comparison service is free to use, and we’ll never ask for your phone number!
Canstar Blue exists to help you compare electricity plans on the premise of both price and overall best value. By inputting a few details about your location and electricity usage, our comparison tool will present you with estimated prices from a range of retailers available in your area to help you choose a better value plan.
To compare electricity plans, enter your postcode into our comparison tool and select your suburb from the drop-down list. If you have a recent bill handy, you can input your energy usage details for the most accurate quotes. If you don’t have a bill, you can still compare plans based on typical pricing in your area.
You will see a list of plans available in your area. By clicking on two or three of them, you can use our three-way compare tool to dive deeper into the specific details of each plan. This allows you to directly compare the usage and supply rates, as well as any discounts and solar feed-in tariffs that may be available.
Canstar Blue compares plans and prices from 39 electricity providers across NSW, Victoria, Queensland, South Australia, Tasmania and the ACT. Brands compared are:
Not all providers operate in all states or across different distribution areas.
We are not a sales agent for energy retailers and we do not sell directly to consumers. Canstar Blue is a comparison site that enables consumers to freely compare energy offers in their area based on published pricing from energy retailers.
Our aim is to show as much of the energy market as possible to help you make an informed decision about which provider is best for you, based on price but also customer satisfaction and other features.
From Canstar Blue Energy Editor, Jared Mullane
“Canstar Blue gives Aussies the power to find a better deal across more than 200 different goods and services – but helping consumers find a better energy deal is one of our greatest passions. We do this by publishing detailed energy price comparison tables to show you where to find the cheapest prices in your area, as well as providing detailed guides on the energy providers competing for your business, so you can make an informed decision about which best meets your needs as a customer.
“On this page, you’ll find a comprehensive guide to the energy providers and prices currently on offer in NSW, Victoria, South Australia, Queensland, the ACT, Tasmania and Western Australia. We’ll also explain everything you need to know about comparing energy in these areas, including what options are available to you, the kinds of plans you can expect to find, as well as details on the regulated price caps in your area.
“Comparing energy providers and plans has long had a reputation as a difficult, confusing thing to do. But at Canstar Blue, we’re experts in making sense of the complicated, and there’s nothing we know more about than energy. Read on for details in your area – and please get in touch with any feedback you have because we’re always trying to make our website better.”
In July 2019, the energy industry began a significant period of change, which saw lots of Australian households moved onto cheaper deals, while making it easier for everyone to compare plans and find the best value. Here is a high-level guide to the changes and what you need to be aware of.
The regulatory changes from this July are certainly a positive for those energy consumers who have paid too much, for too long. The concern, however, is that competition will suffer and those who’ve previously shopped around for the best deals may end up paying more in the future.
Consumers should also be mindful that settling for the default price in their area will still mean they are paying more than they need to, albeit the gap between the cheapest and most expensive plans will narrow considerably. This means consumers should consider what other value-add benefits they can get from their retailer. Energy is one of the biggest grudge purchases you can make, so getting a little extra for your money in return makes perfect sense.
Here are the electricity plans on our database for NSW. These costs are based on the Ausgrid network in Sydney but prices will vary depending on your circumstances. We show one product per retailer and plans are listed in order of lowest price first. See here for further information on the Reference Price, which in this comparison assumes general energy usage of 3900kWh/year, meaning that the Reference Price is $1,462/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
| Electricity Provider | Electricity Plan | Difference from Reference Price^ | Conditional Discounts | Price Estimate* |
|---|---|---|---|---|
| Mojo Power | All Day Breakfast | 34% Less Than Reference Price | No conditional discounts | $971 |
| Elysian Energy | Simple Plan | 26% Less Than Reference Price | 32% Less Than Reference Price for Paying on Time | $990incl. conditional discount |
| ReAmped Energy | Advance | 32% Less Than Reference Price | No conditional discounts | $994 |
| GloBird Energy | GloSave | 22% Less Than Reference Price | 29% Less Than Reference Price for Paying on Time by Direct Debit | $1,043incl. conditional discount |
| Alinta Energy | Home Deal | 29% Less Than Reference Price | No conditional discounts | $1,044 |
| Energy Locals | Online Member | 28% Less Than Reference Price | No conditional discounts | $1,054 |
| Simply Energy | Simply NRMA | 27% Less Than Reference Price | No conditional discounts | $1,064 |
| Nectr | Friends Clean | 20% Less Than Reference Price | $100 bill credit for new customers | $1,067incl. conditional discount |
| Momentum Energy | Self Serve | 27% Less Than Reference Price | No conditional discounts | $1,070 |
| OVO Energy | The One Plan | 26% Less Than Reference Price | No conditional discounts | $1,079 |
| Tango Energy | Home Select | 26% Less Than Reference Price | No conditional discounts | $1,084 |
| Kogan Energy | Market Offer | 26% Less Than Reference Price | No conditional discounts | $1,089 |
| Powerdirect | Rate Saver | 24% Less Than Reference Price | No conditional discounts | $1,108 |
| EnergyAustralia | Total Plan Home | 24% Less Than Reference Price | No conditional discounts | $1,111 |
| Powerclub | Powerbank Home Flat | 24% Less Than Reference Price | No conditional discounts | $1,115 |
| AGL | Essentials Plus | 23% Less Than Reference Price | No conditional discounts | $1,131 |
| Sumo | Sumo Assure | 22% Less Than Reference Price | No conditional discounts | $1,138 |
| Electricity In A Box | Home Anytime | 22% Less Than Reference Price | No conditional discounts | $1,139 |
| Bright Spark Power | Aussie Flat Rate Plan | 20% Less Than Reference Price | No conditional discounts | $1,163 |
| CovaU | Freedom Plus | 20% Less Than Reference Price | No conditional discounts | $1,164 |
| Powershop | Shopper Market Offer | 14% Less Than Reference Price | 20% Less Than Reference Price for Pre-Payment | $1,175incl. conditional discount |
| Glow Power | Glow Power Saver | 20% Less Than Reference Price | No conditional discounts | $1,177 |
| Future X Power | Smart Flat | 19% Less Than Reference Price | No conditional discounts | $1,179 |
| 1st Energy | 1st Saver Plus Online | 8% Less Than Reference Price | 18% Less Than Reference Price for Paying on Time | $1,194incl. conditional discount |
| Discover Energy | Smart Saver | 18% Less Than Reference Price | No conditional discounts | $1,196 |
| Radian Energy | Grid To Go | 18% Less Than Reference Price | No conditional discounts | $1,198 |
| Origin Energy | Everyday Rewards | 18% Less Than Reference Price | No conditional discounts | $1,199 |
| Dodo | Market Offer | 18% Less Than Reference Price | No conditional discounts | $1,206 |
| Enova Energy | Community Plus | 15% Less Than Reference Price | 17% Less Than Reference Price for Paying on Time | $1,209incl. conditional discount |
| Locality Planning Energy | Principal Rate | 16% Less Than Reference Price | No conditional discounts | $1,231 |
| Red Energy | Living Energy Saver | 15% Less Than Reference Price | No conditional discounts | $1,240 |
| Diamond Energy | Everyday Renewable Saver | 3% More Than Reference Price | 7% Less Than Reference Price for Paying on Time by Direct Debit | $1,354incl. conditional discount |
| Amber Electric | Amber Plan | Equal To Reference Price | No conditional discounts | $1,462 |
| Pooled Energy | Market Offer | Equal To Reference Price | No conditional discounts | $1,462 |
| QEnergy | Home Your Way | Equal to Reference Price | No conditional discounts |
$1,462 |
| Basic Plan Information Documents | ||||
*Price assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Ausgrid network in Sydney, but prices differ between distribution areas. May 2021.
Here are the electricity plans on our database for Victoria. These costs are based on the Citipower network in Melbourne but prices will vary depending on your circumstances. We show one product per retailers and plans are listed in order of lowest price first. See here for further information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning that the VDO is $1,270/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
| Electricity Provider | Electricity Plan | Difference from VDO› | Conditional Discounts | Price Estimate˜ |
|---|---|---|---|---|
| ReAmped Energy | Handshake | 24% Less Than VDO | No conditional discounts | $961 |
| GloBird Energy | IdeaSave | 21% Less Than VDO | 22% Less Than VDO for Direct Debit | $989incl. conditional discount |
| Powerclub | Powerbank Home Flat | 21% Less Than VDO | No conditional discounts | $1,008 |
| OVO Energy | The One Plan | 20% Less Than VDO | No conditional discounts | $1,011 |
| Alinta Energy | Home Deal | 20% Less Than VDO | No conditional discounts | $1,013 |
| QEnergy | Mini Me | 20% Less Than VDO | No conditional discounts | $1,013 |
| EnergyAustralia | Total Plan Home | 13% Less Than VDO | $50 sign-up credit | $1,055incl. conditional discount |
| Powerdirect | Rate Saver | 16% Less Than VDO | No conditional discounts | $1,061 |
| Kogan Energy | Market Offer | 16% Less Than VDO | No conditional discounts | $1,069 |
| Energy Locals | Online Member | 16% Less Than VDO | No conditional discounts | $1,072 |
| Momentum Energy | Bill Boss | 14% Less Than VDO | No conditional discounts | $1,087 |
| Tango Energy | Home Select | 14% Less Than VDO | No conditional discounts | $1,089 |
| Simply Energy | Simply Blue | 14% Less Than VDO | No conditional discounts | $1,092 |
| Lumo Energy | Value | 14% Less Than VDO | No conditional discounts | $1,093 |
| AGL | Essentials Plus | 13% Less Than VDO | No conditional discounts | $1,101 |
| Diamond Energy | Everyday Renewable Saver | 2% Less Than VDO | 12% Less Than VDO for Paying on Time by Direct Debit with e-Billing | $1,117incl. conditional discount |
| Dodo | Market Offer | 12% Less Than VDO | No conditional discounts | $1,117 |
| Origin Energy | Everyday Rewards | 12% Less Than VDO | No conditional discounts | $1,119 |
| Discover Energy | Introduction Offer | 11% Less Than VDO | No conditional discounts | $1,124 |
| 1st Energy | Prepaid Value | 11% Less Than VDO | No conditional discounts | $1,132 |
| Powershop | 100% Carbon Neutral | 8% Less Than VDO | No conditional discounts | $1,168 |
| Sumo | Sumo Assure | 7% Less Than VDO | No conditional discounts | $1,175 |
| Elysian Energy | The Good Life | 7% Less Than VDO | No conditional discounts | $1,178 |
| CovaU | Super Saver Plus | 6% Less Than VDO | No conditional discounts | $1,188 |
| Red Energy | Living Energy Saver | 1% Less Than VDO | No conditional discounts | $1,257 |
| Amber Electric | Amber Plan | Equal To VDO | No conditional discounts | $1,270 |
| People Energy | People Saver | Equal To VDO | No conditional discounts | $1,270 |
| Energy Fact Sheets | ||||
˜Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Citipower network in Melbourne, but prices differ between distribution areas. May 2021.
Here are the electricity plans on our database for SE QLD. These costs are based on Energex network in Brisbane but prices will vary depending on your circumstances. We show one product per retailer and plans are listed in order of lowest price first. See here for further information on the Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning that the Reference Price is $1,508/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
| Electricity Provider | Electricity Plan | Difference from Reference Price^ | Conditional Discounts | Price Estimate* |
|---|---|---|---|---|
| Elysian Energy | Super Simple Plan | 27% Less Than Reference Price | $60 sign-up credit | $1,040incl. conditional discount |
| ReAmped Energy | Advance | 31% Less Than Reference Price | No conditional discounts | $1,044 |
| Mojo Power | All Day Breakfast | 31% Less Than Reference Price | No conditional discounts | $1,047 |
| GloBird Energy | GloSave | 24% Less Than Reference Price | 30% Less Than Reference Price for Paying on Time by Direct Debit | $1,059incl. conditional discount |
| Momentum Energy | Self Serve | 24% Less Than Reference Price | No conditional discounts | $1,146 |
| Nectr | Friends Clean | 17% Less Than Reference Price | $100 credit for new customers | $1,149incl. conditional discount |
| EnergyAustralia | Total Plan Home | 20% Less Than Reference Price | $50 sign-up credit | $1,157incl. conditional discount |
| Powerdirect | Rate Saver | 22% Less Than Reference Price | No conditional discounts | $1,173 |
| AGL | Essentials Plus | 21% Less Than Reference Price | No conditional discounts | $1,187 |
| Sumo | Sumo Assure Advantage | 20% Less Than Reference Price | No conditional discounts | $1,201 |
| Kogan Energy | Market Offer | 20% Less Than Reference Price | No conditional discounts | $1,205 |
| OVO Energy | The One Plan | 20% Less Than Reference Price | No conditional discounts | $1,205 |
| Simply Energy | Simply Blue | 20% Less Than Reference Price | No conditional discounts | $1,206 |
| Powerclub | Powerbank Home Flat | 20% Less Than Reference Price | No conditional discounts | $1,208 |
| Enova Energy | Community Plus | 16% Less Than Reference Price | 18% Less Than Reference Price for Paying on Time | $1,235incl. conditional discount |
| Alinta Energy | Home Deal | 17% Less Than Reference Price | No conditional discounts | $1,244 |
| Energy Locals | Online Member | 17% Less Than Reference Price | No conditional discounts | $1,244 |
| Glow Power | Glow Power Saver | 17% Less Than Reference Price | No conditional discounts | $1,247 |
| Future X Power | Smart Flat | 17% Less Than Reference Price | No conditional discounts | $1,249 |
| Electricity In A Box | Home Anytime | 17% Less Than Reference Price | No conditional discounts | $1,250 |
| CovaU | Freedom Plus | 17% Less Than Reference Price | No conditional discounts | $1,252 |
| Origin Energy | Everyday Rewards | 17% Less Than Reference Price | No conditional discounts | $1,252 |
| Radian Energy | Grid To Go | 16% Less Than Reference Price | No conditional discounts | $1,273 |
| Bright Spark Power | Aussie Flat Rate Plan | 15% Less Than Reference Price | No conditional discounts | $1,281 |
| Locality Planning Energy | Mates Rate | 15% Less Than Reference Price | No conditional discounts | $1,283 |
| Powershop | Shopper Market Offer | 9% Less Than Reference Price | 15% Less Than Reference Price for Pre-Payment | $1,285incl. conditional discount |
| 1st Energy | 1st Saver Plus Online | 5% Less Than Reference Price | 15% Less Than Reference Price for Paying on Time | $1,289incl. conditional discount |
| Discover Energy | Smart Saver | 14% Less Than Reference Price | No conditional discounts | $1,291 |
| Diamond Energy | Everyday Renewable Saver | 2% More Than Reference Price | 8% Less Than Reference Price for Paying on Time by Direct Debit | $1,388incl. conditional discount |
| Red Energy | Living Energy Saver | 7% Less Than Reference Price | No conditional discounts | $1,410 |
| Dodo | Market Offer | 4% Less Than Reference Price | No conditional discounts | $1,453 |
| Amber Electric | Amber Plan | Equal To Reference Price | No conditional discounts | $1,508 |
| QEnergy | Home Your Way | Equal To Reference Price | No conditional discounts | $1,508 |
| Basic Plan Information Documents | ||||
*Price assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Energex network in Brisbane, but prices differ between distribution areas. May 2021.
Here are the electricity plans on our database for South Australia. These costs are based on SA Power network in Adelaide but prices will vary depending on your circumstances. We show one product per retailer and plans are listed in order of lowest price first. See here for further information on the Reference Price, which in this comparison assumes general energy usage of 4000kWh/year, meaning that the Reference Price is $1,832/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
| Electricity Provider | Electricity Plan | Difference from Reference Price^ | Conditional Discounts | Price Estimate* |
|---|---|---|---|---|
| ReAmped Energy | Advance | 24% Less Than Reference Price | No conditional discounts | $1,384 |
| GloBird Energy | GloSave | 17% Less Than Reference Price | 24% Less Than the Reference Price for Paying on Time by Direct Debit | $1,395incl. conditional discount |
| OVO Energy | The One Plan | 23% Less Than Reference Price | No conditional discounts | $1,409 |
| Energy Locals | Online Member | 23% Less Than Reference Price | $84/year credit for paying on time | $1,411incl. conditional discount |
| Powerclub | Powerbank Home Flat | 23% Less Than Reference Price | No conditional discounts | $1,414 |
| Kogan Energy | Market Offer | 22% Less Than Reference Price | No conditional discounts | $1,426 |
| Discover Energy | Smart Saver | 21% Less Than Reference Price | No conditional discounts | $1,452 |
| Alinta Energy | Home Deal | 19% Less Than Reference Price | No conditional discounts | $1,476 |
| Momentum Energy | Self Serve | 19% Less Than Reference Price | No conditional discounts | $1,486 |
| Powershop | Shopper Market Offer | 13% Less Than Reference Price | 18% less than Reference Price for pre-payment | $1,497incl. conditional discount |
| Nectr | Friends Clean | 16% Less Than Reference Price | No conditional discounts | $1,547 |
| 1st Energy | 1st Saver Plus | 4% Less Than Reference Price | 14% Less Than the Reference Price for Paying on Time | $1,572incl. conditional discount |
| Origin Energy | Everyday Rewards | 14% Less Than Reference Price | No conditional discounts | $1,575 |
| Simply Energy | Simply RAA | 14% Less Than Reference Price | No conditional discounts | $1,575 |
| Future X Power | Smart Flat | 13% Less Than Reference Price | No conditional discounts | $1,588 |
| AGL | Essentials | 13% Less Than Reference Price | No conditional discounts |
$1,594 |
| EnergyAustralia | Total Plan Home | 13% Less Than Reference Price | $No conditional discounts | $1,594 |
| Powerdirect | Rate Saver | 11% Less Than Reference Price | No conditional discounts | $1,630 |
| Lumo Energy | Plus | 3% Less Than Reference Price | No conditional discounts | $1,693 |
| Diamond Energy | Everyday Renewable Saver | 3% More Than Reference Price | Reduces to 7% less than Reference Price for paying on time by direct debit | $1,703incl. conditional discount |
| Elysian Energy | Simple Plan | 3% Less Than Reference Price | Reduces to 7% less than Reference Price for paying on time | $1,709incl. conditional discount |
| Dodo | Market Offer | 3% Less Than Reference Price | No conditional discounts | $1,781 |
| Red Energy | Living Energy Saver | Equal To Reference Price | No conditional discounts | $1,828 |
| Amber Electric | Amber Plan | Equal to Reference Price | No conditional discounts | $1,832 |
| Mojo Power | Standing Offer | Equal To Reference Price | No conditional discounts | $1,832 |
| QEnergy | Home Your Way | Equal To Reference Price | No conditional discounts | $1,832 |
| Basic Plan Information Documents | ||||
*Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. May 2021.
These costs are based on annual energy usage of 5499kWh/year and a selected postcode in Canberra, but these prices will vary depending on your own circumstances. Use our energy comparison tool above for a quote where you live. Our database may not cover all deals available in your area, and please check retailer websites for up to date information.
| Electricity Provider | Electricity Plan | Discount | Annual Cost | |
|---|---|---|---|---|
| Radian Energy | Grid To Go | 0% | $1,328 | |
| ReAmped Energy | Advance | 0% | $1,386 | |
| Powerclub | Powerbank Home Flat | 0% | $1,388 | |
| Origin Energy* | Everyday Rewards | 0% | $1,402 | |
| Energy Locals | Online Member | 0% | $1,426 | |
| EnergyAustralia | Total Plan Home | 12% | $1,443 | |
| ActewAGL | Home 20% Offer | 20% | $1,449 | |
| Red Energy^ | Living Energy Saver | 0% | $1,511 | |
| Amber Electric | Amber Plan | 0% | $1,785 | |
| Basic Plan Information Documents | ||||
Prices based on the EvoEnergy electricity distribution network, postcode 2600, May 2021. One product per retailer shown. *Refers to Controlled Load Rate 2 pricing. ^Refers to Controlled Load Rate 1 pricing.
In addition to comparing many electricity plans based on price and the best value, Canstar Blue also publishes customer satisfaction ratings for electricity companies in New South Wales, Victoria, Queensland and South Australia. Our annual reviews are based on the feedback of bill-paying customers, with the latest ratings as follows:
See here for further details on the ratings and our methodology.
See here for further details on the ratings and our methodology.
See here for further details on the ratings and our methodology.
See here for further details on the ratings and our methodology.
An electricity plan is a contract between you and your electricity retailer that stipulates the prices, discounts and conditions of the supply of electricity to your home or business. Most electricity retailers offer customers a handful of deals made up of both standard and market offer contracts, which vary from state to state. You will find open contracts (with no contract term) and contracts for one or two years.
Most electricity retailers let customers sign up online. Simply visit your preferred provider’s website and carefully consider what it has to offer – be sure to read the Electricity Price Fact Sheet to find out exactly what you’ll be paying. Once you have found a good deal, just follow the website’s instructions to sign up. Customer review and comparison services such as Canstar Blue can also help in the decision-making process. If you’re changing your plan, but not the retailer, then there is nothing else you need to do. If you’re switching companies or signing up for power for the first time, you may need to provide your NMI (If known), plus address and bank details. After that, pick a connection date and a meter technician will come out to seamlessly complete the connection.
Electricity prices are set by either your energy retailer or your state government depending on if you live in an area with price regulations or not. In most cases, the energy companies are free to set their own prices, but in many rural areas prices are still regulated, meaning they are set by the local government. Households in Sydney, Brisbane, Adelaide and Melbourne will have their prices set by the energy retailers, but in Western Australia and rural Queensland, for example, prices remain regulated.
Electricity usage rates are largely controlled by the market forces of supply and demand. Retailers purchase electricity at a wholesale rate from the National Electricity Market before selling it to customers. The wholesale prices will change every five minutes depending on the demand for electricity. Supply charges, meanwhile are determined by network distributors to fund network infrastructure maintenance and improvements. As well as market forces, prices are also set by retailers. In addition to usage and supply costs, your bill will also be made up of charges for your retailer’s service, as well as government GST.
Retailers typically submit their applications for rate changes every 12 months. In South Australia, New South Wales and Queensland, prices are reviewed in July, but in Victoria prices change in January. However, it should be noted that prices can change during the year if your provider amends its rates or discounts.
A deregulated market means that energy retailers are free to set their own rates and offers under a relaxed regulatory environment. Previously, prices were set by state governments. Deregulation has opened the door to new providers and increased competition, although the merits of price deregulation are still hotly contested. Victoria, Queensland, New South Wales and South Australia all have price deregulation, but in some rural parts of these states, plus in Tasmania and Western Australia, the price of electricity is still set by the local government.
Market retail contracts are energy plans designed by retailers. These are almost always cheaper than the alternative standard retail contracts that are also offered, and are likely to include discounts, incentives and bonuses for customers. The main downside to market offers is that your retailer can change the prices you’re charged at any time, unless it is a fixed rate plan. The majority of these offers come with variables rates. Not all households in Australia will have access to market retail offers.
Standard retail contracts are plans with the terms and prices set by a state government. Retailers in deregulated electricity markets must provide a standard retail contract by law as a default option for customers who have yet to switch to a market offer contract. Standard retailer contracts have fixed prices for six month intervals, however the rates are generally higher than those of market retail offers and there are no discounts available. As such, standard offers are more expensive and are not intended as a viable alternative to market contracts.
A variable rate plan means the amount you are charged for power usage or supply can change at your retailer’s discretion. The majority of retail market contracts have variable rates, which are typically reviewed every 12 months. Variable rate plans are usually available on one or two-year contracts, but some providers do offer open contracts. Exit fees will often apply if you cancel the agreement. Variable rate plans generally provide the best value, but you must be sure to regularly review your options as charges and discounts change.
A fixed rate plan means the amount you are charged for energy usage and supply will not be changed during the term of your agreement. While prices on variable rate plans will change every year, fixed rate plans provide some certainty over the rates you will pay for electricity. However, your bills will still fluctuate depending on your usage habits. Fixed rate plans are only available on one or two-year contracts, meaning that you will be protected from any rate increases over that period. Only a handful of providers offer fixed rate plans, including AGL, Origin, EnergyAustralia and Tango Energy.
Many retailers offer business and residential customers the option to have some or all of their energy usage reimbursed to the electricity grid from renewable energy sources. GreenPower plans are usually offered with 25%, 50%, 75% or 100% renewable generation. GreenPower plans involve paying a few cents extra per kWh, potentially making it rather expensive.
Usage charges are what you pay for each kWh of electricity your household consumes – the more electricity you use, the more you will pay. Usage charges generally cost around 20c/kWh to 40c/kWh, but prices vary significantly between states and depending on your provider. Usage charges will typically be the most costly element of your electricity bill, so it’s very important to understand what rate you are paying and whether you could find a lower rate with a different supplier.
A supply charge is a cost incurred for remaining connected to an energy network. Supply charges vary considerably from state to state, generally ranging in costs from 80c to $1.50 each day. Even if you don’t use any power, you will still need to pay the supply charge. Despite supply costs being a charge imposed by energy distributors, the rates will vary from retailer to retailer. As supply charges can heavily contribute to your bill, it’s important you check the energy price factsheet.
A kilowatt hour (kWh) is a unit of measurement used for measuring electricity usage for billing purposes. Simply put, a kilowatt (kW) is a measurement of how much electricity an appliance demands in order to operate, while a kWh is the number of kilowatts that your household consumes over a period of time.
The average Australian household uses 17.3kWh of electricity per day, according to research published by the Australian Energy Regulator. Energy requirements will vary depending on the season, the number of people in a household, and the types of appliances used. Bearing in mind that the research excludes households with swimming pools, its publication claims that we use the least amount of electricity in summer, while the winter months see us considerably increase the level of energy used, as the table below shows.
The following table shows average daily electricity usage (kWh).
| Household size | 1 person | 2 people | 3 people | 4 people | 5 people |
|---|---|---|---|---|---|
| Summer | 9.2 | 11.6 | 14 | 16.4 | 18.8 |
| Autumn | 9.1 | 11.9 | 14.6 | 17.4 | 20.2 |
| Winter | 12.4 | 14.8 | 17.1 | 19.5 | 21.8 |
| Spring | 11.9 | 14.3 | 16.8 | 19.3 | 21.7 |
These results are based on average households, so consider that if you have more than five people living with you, your energy usage will reflect this.
A tariff refer to the pricing structure of your electricity usage charges. Depending on your tariff, you may be charged different rates depending on when, or how, you use electricity. Tariffs can vary between energy retailers, but the most common electricity tariffs are:
The tariff available to you depends on your meter type. Old meters will usually be on single rate tariffs, while newer meters can take a number of usage measurements for multi-tariff rates.
A single rate tariff means you are charged the same rate for all of your electricity usage regardless of the time of day, what you are powering, or how much energy your household has consumed. Single rate tariffs will typically result in the highest bills. This type of tariff has fallen out of fashion in recent years as more modern electricity meters, such as smart meters, have given more homes and businesses access to time of use tariffs or other tariffs that could help reduce costs.
Certain high energy usage appliances such as hot water systems, pool pumps and refrigerators may be connected on a dedicated circuit and metered separately from the rest of your electricity. Electricity retailers can charge a considerably lower usage rate for the dedicated appliance, potentially helping to reduce your bill. A controlled load is not exclusive and can be combined with a time of use, two-rate, block or single rate tariff.
A block rate means a different rate is charged for each ‘block’ of electricity usage. A block may be a certain amount of kilowatt hours (kWh) per day, or per billing period. To illustrate this, take the artificial example below:
This means that two separate usage rates are charged for ‘peak’ and ‘off-peak’ periods. As electricity is considerably cheaper during off-peak hours – because of decreased demand – it is a good option for those who use most of their power during the day.
A time of use tariff means you are charged three separate electricity usage rates for either ‘peak’, ‘off-peak’ or ‘shoulder’ periods. This is a common tariff structure for households with smart meters installed.
A ‘peak rate’ is charged during periods where there is a high demand for electricity. Peak usage rates are generally applied from 3pm to 9pm and are considerably higher than those charged in off-peak or shoulder periods.
An ‘off-peak rate’ is charged during periods of reduced energy usage. Off-peak electricity rates generally apply from 11pm through to 7am and are much cheaper than shoulder or peak period rates.
A ‘shoulder rate’ is a rate charged between peak and off-peak periods when there is a mild demand for electricity. Shoulder rates usually apply from 9pm to 11pm and 7am to 3pm. Shoulder rates are more expensive than off-peak periods and cheaper than peak periods.
Discounts are a percentage deduction made from your electricity costs at the end of each billing period. Discounts are only available on market retail contracts, and the amount you are discounted – if at all – will vary across different plans and electricity companies. Discounts you might commonly encounter include:
The discount amount, which can vary from as low as 2% up to 40% or more, will usually be taken off your electricity usage costs. However, some providers have discounts off your entire bill instead. Be aware that not all high-discount plans work out the cheapest overall options as some of the contracts with the highest discounts will also include the highest usage or supply charges, which can negate the overall savings. Failing to meet the conditions of your discount could also mean you are charged a fee. Also keep in mind that energy discounts have benefit periods and can expire.
A pay on time discount means you will receive a set percentage off your electricity costs at the end of the billing period – provided that you settle your bill on or before the due date. Pay on time discounts are the most common form of energy discount, but the amount you receive off your bill can vary considerably. This will depend on your retailer and the plan you are on. Pay on time discounts can be off your entire bill or just usage charges.
By having your electricity bill automatically debited from your selected bank account – rather than making manual payments every time – you could be eligible for a direct debit discount. It’s a simple and effective way to save money for those who are comfortable with direct debiting. A direct debit discount could be off your entire bill or just usage charges.
If your home or business uses natural gas provided through the same retailer as your electricity, you may be eligible for a ‘bundled’ discount. This discount, also known as a double up discount, can vary considerably across retailers from 2% to 15%. The discount could be off your whole bill or just usage charges. Like with other discounts, there will likely be a benefit period which could expire after one or two years.
Discounts are offered by the energy retailers for anything that makes their lives a little easier, or just saves them money. This is the case with email billing discounts. If you receive your bills by email instead of post, energy providers will often give you a modest discount as reward. This will also mean receiving all other communications via email instead of post.
It’s all in the name. An unconditional energy discount refers to discounts that are applied to your power bill that aren’t dependent on you fulfilling any conditions. Regardless of your chosen payment method, how you receive your energy bill or whether or not you’re early on your bill payment, you can expect an unconditional energy discount to apply to the amount you have due. This discount can apply to the whole bill or just usage charges.
A discount benefit period is the length of time that your energy discount will apply. In most cases, benefit periods last for 12 months, although some electricity retailers offer discounts over two years, or even ongoing. Once the benefit period ends, you will likely have to start paying the full, non-discounted rate for power, which could be considerably more. It’s best to treat big-discount plans as introductory offers and review your options at the end of the benefit period.
Each state and territory provides a number of government-mandated concessions designed to assist households experiencing hardship that affects electricity requirements or their ability to pay bills. Depending on the type of government concession or rebate, customers may be required to hold one of the following:
The names and availability of assistance schemes will vary across states, but they generally include:
Emergency relief assistance: Customers who are at risk of being disconnected due to a legitimate inability to pay their utility bill may be eligible to receive a one-off payment. This can only be applied every 12 or 24 months depending on your state.
Medical Energy rebate: Customers who require energy-consuming medical equipment or must regularly use heating or cooling appliances for medical purposes may receive an annual rebate of around $200. Some states such as Victoria instead supply a reasonable discount on your energy bill.
Other rebates, concessions and discounts: Depending on your state, several other assistance programs may be available to you if you are:
If you are unable to pay your bill on time, your retailer is required by federal law to follow certain steps. You will not be automatically disconnected, however you may lose any discounts you might have been eligible for.
Disconnecting a property for late payment is a drastic action which retailers do their best to avoid. If you think you may struggle to pay your bill on time, contact your energy retailer to discuss a possible extension, or payment scheme.
Bill smoothing is a payment scheme with which customers can pay fixed monthly, fortnightly or weekly installments towards their expected electricity bill. Your retailer will forecast your annual electricity requirements, given your history, to see how much you should be paying. Incorrect estimates will be settled in later bills. Bill smoothing is a great option for those who like a predictable budget. The idea behind paying the same amount each billing cycle is that you won’t be taken by surprise in peak energy usage seasons.
Smart meters are meters that provide energy usage information every half hour, allowing households and businesses to more closely monitor usage through apps and web portals, as well as benefit from flexible pricing tariffs. Smart meters are installed in most Victorian homes and are becoming increasingly common in New South Wales, South Australia and Tasmania. Some energy providers, such as Powershop, have built their business models around the use of smart meters. It is recommended that customers monitor their electricity usage through their smart meter to become better informed about their usage habits, which could result in reduced costs.
The National Meter Identifier (or ‘NMI’ as it’s displayed on your bill) is a unique 10 digit number used to identify your electricity meter. It allows your retailer and network distributor to identify your meter for the purposes of connection, metering and billing.
If a meter reader is unable to access your electricity meter (e.g. due to an aggressive dog), then the distributor will estimate your energy usage based on previous records and your retailer will charge you accordingly. If this is the case, an ‘E’ will be displayed next to your usage figure on your bill. If it is later learned that this was an incorrect estimate, you will be charged more or less accordingly on your next bill. This is not a problem for households with smart meters, given usage data is automatically transferred to your distributor. You may also be able to submit your own meter reading.
An electricity distributor owns and maintains all of the infrastructure within a certain area that is associated with delivering power to homes and businesses, including poles, wires and meters. Your local distributor is responsible for recording your energy usage and passes the details to your retailer for billing. While you have no choice over who your distributor is, they have a big impact on your energy costs given that network charges make up a significant proportion of your overall bill.
The ‘NEM’ is an acronym for the National Electricity Market. It is a large distribution network made up of the several smaller energy networks that span most of Queensland, New South Wales, Victoria, South Australia and Tasmania. The electricity generators produce the electricity for the NEM before electricity retailers purchase it at a wholesale rate to resell to customers.
Some energy providers offer electricity and gas together (commonly referred to as dual fuel plans), which can certainly be convenient if you pay for both power sources and would rather deal with just one retailer. Be aware though, that some providers only sell electricity. The table below shows which retailers sell both electricity and gas – and in which states. Note that we only show states where the retailers sells both electricity and gas. They may sells electricity only in other areas.
| Electricity and Gas Retailer | States | Dual fuel? |
|---|---|---|
| AGL | Victoria, NSW, South Australia, Queensland | |
| Origin | Victoria, NSW, South Australia, Queensland, ACT | |
| EnergyAustralia | Victoria, NSW, South Australia, Queensland, ACT | |
| Red Energy | Victoria, NSW, South Australia, Queensland | |
| Alinta Energy | Victoria, NSW, South Australia | |
| Dodo | Victoria, NSW, South Australia | |
| Simply Energy | Victoria, NSW, South Australia | |
| Lumo Energy | Victoria, South Australia | |
| Momentum Energy | Victoria | |
| GloBird Energy | Victoria | |
| Sumo | Victoria | |
| Powershop | Victoria | |
| CovaU | Victoria, NSW | |
| ActewAGL | NSW, ACT | |
| Aurora Energy | Tasmania |
There are a few scenarios in life which could leave you scratching your head trying to figure out who your energy provider is. Whether you’ve moved into a new place and have stayed with the previous occupant’s energy provider, or the energy bill responsibility has just been passed down to you and you’re unsure of where to even start, don’t fret, there are a couple of things you can do to check.
Most energy companies let you switch online in a process that often takes just a matter of minutes. Before you do this, however, make sure you’re not locked into a minimum term contract with your existing provider, because if you are, a cancellation or exit fee may need to be paid. If you have an open term contract, it will not be necessary to inform your current provider that you’re leaving – your new energy company will handle that for you. To switch to a new company, you will usually have to provide the following information:
Be aware, your new provider may carry out a credit check before signing you up. You can check your credit score for free here.
Once this is done, your local distributor will take a meter reading for your final bill with your old provider and to start a fresh billing cycle.
If you find a more favourable plan from another electricity provider, then there is never a bad time to switch, provided you are not locked into a contract and would need to pay an exit fee. Generally, it’s worth reviewing your options every time your retailer changes its pricing as you may end up paying more if you stay put. You should also compare other plans when the benefit period of your current discount expires, because once again you could see your costs increase. Electricity prices tend to be reviewed in January and July, so make a note in your diary to review your options.
New South Wales households have more than 30 different residential electricity retailers to choose from, including the established energy giants and several new providers you may not have heard of. The following providers all operate in NSW:
Victoria is a highly-competitive market for electricity retailers, meaning there are plenty of companies vying for your business with competitive deals. Victorians can choose from the following electricity providers:
South Australia has comparatively fewer options than other states when it comes to electricity retailers. South Australians can choose from the following options:
Since the lifting of price regulations in 2016, several new electricity providers have entered the Queensland market. Households in the south east of the state now have the following options:
The majority of households in the ACT are supplied by ActewAGL, although Origin, EnergyAustralia, Red Energy, Energy Locals and Powerclub now compete for customers. Meanwhile, residents in Western Australia, Tasmania and the Northern Territory have either very limited or no choice as to who they can purchase electricity through.
There are no costs for switching providers, nor do electricity retailers charge a sign-up fee. That said, if you are on a minimum-term contract, there may be exit fees for switching. Fortunately these fees are not terribly expensive, usually costing $20 to $80. For those moving house, there may be a reconnection fee of around $20-$50 if the new property has been disconnected from the energy network.
Switching energy providers at the same property should in no way affect your supply of electricity. This is because the distributor is simply changing which retailer it informs about your electricity usage – there is no need for any changes to your home’s electrical infrastructure.
To issue a complaint about your electricity retailer, you can contact the energy Ombudsman for your respective state or territory.
Before submitting a complaint to the ombudsman, try resolving the issue with your electricity retailer first. You and your energy company will usually be able to reach a solution without a need to take it further.
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