Do you live in south-east Queensland? Do you think you’re paying too much for electricity? If the answer is yes, then you’re probably right. But the good news is that you can now do something about it. The Brisbane area has seen an influx of new electricity providers in recent years following the deregulation of the market, and with new industry changes now making it easier than ever before to compare your options, there could be some sizable savings out there for you.
To show you which providers are offering the cheapest electricity deals in south east Queensland, Canstar Blue has produced this cost comparison report, listing the cheapest plans from the providers in our database, so you can see exactly how they stack up compared to each other, and the Reference Price – the new default tariff from which all plans need to be compared.
Our cost calculations below are based on a specific postcode in Brisbane, so use our comparison tool here for a quote in your suburb. And read on for our detailed list of the cheapest deals you’ll currently find for QLD.
Compare QLD Energy Plans
Cheap Deals on our Database
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 costs are based on the Energex network in Brisbane but prices will vary depending on your circumstances. We show one product per retailer, 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 the Reference Price is $1,570/year. Use our comparison tool for a specific comparison. These are products from referral partners†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.
Which energy provider is cheapest in Queensland?
It has never been more important to try and find the best deal on your energy. So, where can you find the cheapest electricity prices in Brisbane and the surrounding areas? We have the answer! In the table below, we compare prices on the Energex network. This is everywhere from the Sunshine Coast to the Gold Coast, including Brisbane and Ipswich. We show one product per retailer, listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning the Reference Price is $1,570/year. Use our comparison tool for a specific comparison. 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||Difference from Reference Price^||Conditional Discounts||Price Estimate*|
|Click Energy||Hibiscus||17% Less Than Reference Price||No conditional discounts||$1,303
|Powerclub||Powerbank Home Flat||17% Less Than Reference Price||No conditional discounts||$1,308
|Simply Energy||Simply RACQ||17% Less Than Reference Price||No conditional discounts||$1,310
|AGL||Essentials Saver||11% Less Than Reference Price||$75 bill credit for online sign-up||$1,318incl. conditional discount
|Origin Energy||Max Saver – Online Special||Equal To Reference Price||No conditional discounts||$1,319
|ReAmped Energy||Residential Anytime||16% Less Than Reference Price||No conditional discounts||$1,320
|Powershop||Shopper Market Offer||1% Less Than Reference Price||Reduces to 16% Less Than Reference Price for Pre-Payment||$1,322incl. conditional discount
|Kogan Energy||Market Offer||15% Less Than Reference Price||No conditional discounts||$1,339
|Alinta Energy||No Fuss||15% Less Than Reference Price||No conditional discounts||$1,340
|QEnergy||Home Saver Lite Variable||15% Less Than Reference Price||No conditional discounts||$1,341|
|Future X Power||Flexi Saver||10% More Than Reference Price||Reduces to 14% Less Than Reference Price for Paying on Time||$1,343incl. conditional discount|
|LPE||Principal Rate||11% Less Than Reference Price||No conditional discounts||$1,393
|Diamond Energy||Everyday Renewable Saver||1% Less Than Reference Price||Reduces to 11% Less Than Reference Price for Paying on Time by Direct Debit||$1,399incl. conditional discount
|Discover Energy||Ultimate Offer||11% Less Than Reference Price||No conditional discounts||$1,404
|Powerdirect||Discount Saver||10% Less Than Reference Price||No conditional discounts||$1,408
|EnergyAustralia||Total Plan Home||10% Less Than Reference Price||No conditional discounts||$1,409
|Red Energy||Living Energy Saver||9% Less Than Reference Price||No conditional discounts||$1,421
|Dodo Power & Gas||Market Offer||6% Less Than Reference Price||No conditional discounts||$1,472
|Energy Locals||Online Saver||Equal To Reference Price||$84/year credit for paying on time||$1,482incl. conditional discount|
|1st Energy||1st Saver||Equal To Reference Price||5% Less Than Reference Price for Paying on Time||$1,493incl. conditional discount|
|Amaysim Energy||Default Market Offer||Equal To Reference Price||No conditional discounts||$1,570
|Mojo Power||Mojo Energy Pass||11% More Than Reference Price||No conditional discounts||$1,742|
|DC Power Co||Market Offer||21% More Than Reference Price||No conditional discounts||$1,905|
|Basic Plan Information Documents|
*Price assumes general energy usage of 4600kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Energex network in Brisbane, but prices differ between distribution areas. September 2019.
^The Reference Price is set by the Australian Energy Regulator (AER) for a financial year in relation to electricity supply to residential customers in the distribution region and is based on an assumed annual usage amount. Any difference between the reference price and the unconditional price of a plan is expressed as a percentage more or less than the reference price. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.
This cost comparison shows that Click Energy, Powerclub and Origin Energy currently offer the cheapest energy plans in south-east Queensland, leading the way from the big power companies. These cost estimates are calculated using typical electricity usage data for households in a selected Brisbane suburb. Costs can vary between suburbs, so try our electricity comparison tool to see which provider is cheapest in your area. You will also see details of latest deals. The table above is updated as soon as we’re made aware of price changes.
About the 3 cheapest deals
Now that the above table has shed some light onto what you can expect to pay for electricity from each provider, it’s time to find out more about the three cheapest plans available in QLD. In the tables below, we show prices on the Energex network. We show one product per retailer, listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning the Reference Price is $1,570/year. Use our comparison tool for a specific comparison.
Hibiscus (Click Energy)
Click Energy’s latest ‘Hibiscus’ plan is currently the cheapest in Queensland and all thanks to its low rates. This is a no-conditional-discount plan with variable rates, and has no exit fees or lock in contract. On this plan, you’ll have to be comfortable with monthly e-billing.
Powerbank Home Flat (Powerclub)
Powerclub’s main shtick is that you’ll receive access to wholesale electricity prices without the element of unpredictability. How? On this plan, you’ll pay upfront (about $40/1,000kWh annual usage) to put money into a Powerbank, which is essentially a deposit that protects you from price spikes. You’ll still have to pay a daily fee on this plan and a $39 annual subscription fee.
Simply RACQ (Simply Energy)
This plan is only available to RACQ members, which receive a $160 bill credit on the first anniversary of joining up to the plan, with $60 a year thereafter. Benefits of the Simply RACQ plan will be best felt by those planning on sticking with the deal for a while.
Cheapest big three, no discount, discounted, variable and fixed rate plans in Queensland
Everyone wants a cheaper deal when it comes to power, but sometimes the cheapest possible plan just isn’t right for you. What about if you’re looking for a particular product type? If you fall into this camp, here are the cheapest plans from our database for customers looking for a specific product type, including plans from the big three, 0% discount plans, discounted plans, variable rate and fixed rate plans.
|Product Category||Electricity Provider & Plan||Difference from Reference Price^||Conditional Discounts||Price Estimate*|
|Cheapest Big 3||AGL, Essentials Saver||11% Less Than Reference Price||$75 bill credit for online sign-up
||$1,318incl. conditional discount
|Cheapest No Discount||Click Energy, Hibiscus||17% Less Than Reference Price||No conditional discounts||$1,303
|Cheapest Discounted||Powershop, Shopper Market Offer||1% Less Than Reference Price||Reduces to 16% Less Than Reference Price for Pre-Payment||$1,322incl. conditional discount
|Cheapest Variable Rate||Click Energy, Hibiscus||17% Less Than Reference Price||No conditional discounts||$1,303
|Cheapest Fixed Rate||EnergyAustralia, Total Plan Home||10% Less Than Reference Price||No conditional discounts||$1,413
|Basic Plan Information Documents|
*Price assumes general energy usage of 4600kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Energex network in Brisbane, but prices differ between distribution areas. October 2019.
Energy Discounts in Queensland
Energy discounts can help to bring down the cost of your bills, but it’s still important to understand exactly what you’re getting. Energy discounts are typically available for paying your bills on time or by direct debit, and some providers will give you money off for receiving all your communications by email instead of post, or for signing up online. Recent industry changes mean the retailers have started to move away from big discounts and instead towards lower base rates, as well as other sign-up incentives, but where discounts are still offered, they are generally only available for the first year or two after signing up, with the savings applied to both usage and supply charges.
Fixed vs Variable Rate Plans
Most of the plans listed above are variable rate plans, meaning the prices you are charged can change at any time. Some energy retailers also offer fixed rate plans, whereby you can lock in competitive prices now and potentially save in the long run. Fixed rate plans are less common, usually only offered by the big three power companies, EnergyAustralia, AGL and Origin, but there are exceptions to this.
When it comes to weighing up your options, you should also consider any additional incentives offered by the electricity retailers. These should not dictate your final decision, but they can be a helpful point of difference when looking at comparable plans. It’s common to find sign-up incentives like $50 bill credit when you join online, or even a month’s free energy. Meanwhile Simply Energy has a specific offer for RACQ members that results in an extra saving. It also has a plan that comes with bonus movie tickets. Meanwhile AGL customers can collect flybuys points for every dollar they spent on energy, while Red Energy has partnered with Qantas to deliver Frequent Flyer points.
QLD Electricity Rates Example
Electricity rates change frequently, and as in most states, QLD annual energy bills can vary by hundreds of dollars a year for the same estimated usage figures. Based on the winner of our 2019 electricity customer satisfaction ratings, we’ve given you a closer look at what you can expect to pay with an electricity provider in QLD.
|Usage Rate (per kWh)||20.49¢/kWh|
|Supply Rate (cents per day)||108.90¢/day|
|Difference from Reference Price||15% Less than Reference Price|
|Conditional Discounts||No conditional discounts|
|Estimated Annual Cost||$1,340|
Questions you should ask before signing up:
Here are some questions you should ask any prospective energy provider before signing up:
- Are you offering me the plan with the lowest usage rates?
- How much are the supply charges and how do they compare to other plans?
- How does the plan compare to the Reference Price?
- Is there a contract? How long is it? Are there any exit fees if I leave?
- What discount can I get off my bill and how do I quality for the discount?
- What is the benefit term of the discount? Will it disappear after a year?
- Can you offer me any additional sign-up incentives?
Even if you’re not switching, these are still good questions to ask your existing energy provider to make sure you’re currently getting the best deal possible.
New Energy Providers in Queensland
Queensland does not have quite as many electricity retailers competing for your custom as Victoria or New South Wales, but several new providers have entered the market since it was deregulated. They include Mojo Power, Red Energy, 1st Energy, Powershop and Alinta Energy. Most recently, ReAmped Energy and LPE have become the latest additions to the market, making it 20 residential electricity providers in SE QLD.
Highest rated electricity providers in Queensland
Energy discounts help reduce your energy costs, and incentives are a nice bonus, but the most important thing to consider when selecting an energy plan is the overall value it offers you. It’s also worth considering other factors such as customer service, because no one wants to feel like they’re not being heard when you have a query or problem to raise. That’s why Canstar Blue annually surveys households in Queensland to find out how they rate their electricity provider on important factors like value for money, customer service, and most importantly, overall customer satisfaction. In 2019, Alinta Energy has been rated highest overall.
The key message to take from this comparison is that it’s always a good idea to review your energy plans and assess other offers on the market. Households in Brisbane do not get the best deal on electricity, so unless you’re happy paying over the odds, make sure you shop around. There are savings to be found.