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 Energy Plans QLD
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.
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 for a residential customer on a single rate tariff. 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*|
|ReAmped Energy||ReAmped Handshake||18% Less Than Reference Price||No conditional discounts||$1,290
|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
|Origin Energy||Max Saver – Online Special||16% Less Than Reference Price||No conditional discounts||$1,319
|Powershop||Shopper Market Offer||1% Less Than Reference Price||16% Less Than Reference Price for Pre-Payment||$1,322incl. conditional discount
|Alinta Energy||No Fuss||15% Less Than Reference Price||No conditional discounts||$1,340
|Future X Power||Flexi Saver||Equal To Reference Price||14% Less Than Reference Price for Paying on Time||$1,347incl. conditional discount|
|QEnergy||Home Saver Lite Variable||13% Less Than Reference Price||No conditional discounts||$1,364|
|Powerdirect||Discount Saver||13% Less Than Reference Price||No conditional discounts||$1,366
|LPE||Principal Rate||13% Less Than Reference Price||No conditional discounts||$1,368
|AGL||Essentials Saver||12% Less Than Reference Price||No conditional discounts||$1,382
|Diamond Energy||Everyday Renewable Saver||12% Less Than Reference Price||12% Less Than Reference Price for Paying on Time by Direct Debit||$1,388incl. conditional discount
|Discover Energy||Ultimate Offer||12% Less Than Reference Price||No conditional discounts||$1,389
|Kogan Energy||Market Offer||11% Less Than Reference Price||No conditional discounts||$1,392
|EnergyAustralia||Total Plan Home||11% Less Than Reference Price||No conditional discounts||$1,397
|Red Energy||Living Energy Saver||10% Less Than Reference Price||No conditional discounts||$1,410
|Energy Locals||Online Saver||4% Less Than Reference Price||$84/year credit for paying on time||$1,429incl. conditional discount|
|Dodo Power & Gas||Market Offer||7% Less Than Reference Price||No conditional discounts||$1,453
|1st Energy||1st Saver||1% Less Than Reference Price||6% Less Than Reference Price for Paying on Time||$1,482incl. conditional discount|
|Mojo Power||Energy Without Benefits||Equal To Reference Price||No conditional discounts||$1,569|
|Amaysim Energy||Default Market Offer||Equal To Reference Price||No conditional discounts||$1,570
|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 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. Jan 2020.
^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 ReAmped Energy, Click Energy and Powerclub 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.
ReAmped Handshake (ReAmped Energy)
New power retailer, ReAmped Energy has released a variable rate plan which is very competitive. It has no exit fees or confusing discounts, just low rates. On this deal, customers can choose monthly billing, great for those who dread receiving large bills every quarter.
Hibiscus (Click Energy)
Click Energy’s latest ‘Hibiscus’ plan is one of 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. With this plan, you’ll have to be comfortable with monthly e-billing.
Powerbank Home Flat (Powerclub)
With Powerclub you’ll get access to wholesale rates by paying an annual fee. Due to the unpredictable nature of wholesale rates, you’ll also pay a deposit for a ‘Powerbank’ which should cover you from bill shock.
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||Origin Energy, Max Saver – Online Special||16% Less Than Reference Price||No conditional discounts
|Cheapest No Discount||ReAmped Energy, ReAmped Handshake||18% Less Than Reference Price||No conditional discounts||$1,290
|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||ReAmped Energy, ReAmped Handshake||18% Less Than Reference Price||No conditional discounts||$1,290
|Cheapest Fixed Rate||Energy Australia, Total Plan Home||11% Less Than Reference Price||No conditional discounts||$1,397|
|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. January 2020.
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 has become the latest addition to the market, making it 19 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.
About the author of this page
This page was originally published by Canstar Blue Editor-in-Chief Simon Downes. He’s been writing about electricity prices in Queensland for more than five years, covering the initial deregulation of the market in 2016, the influx of new retailers and competitive offers, dodgy discounts, and more recently the fallout from new industry regulations designed to make energy plans more transparent. Simon also acts as spokesperson for Canstar Blue and is one of Australia’s best-known energy retail commentators.
Sunny QLD reveals itself to have quite the complex electricity market, so we’ve compiled the key points, helping you get on with your day.
QLD Reference Price
$1,570/year based on general usage of 4600kWh/year
Number of energy providers in QLD
Winner of Canstar Blue’s 2019 Most Satisfied Customers – Electricity Providers QLD Award
QLD distribution networks
Energex for SE QLD, Ergon for regional QLD
QLD gas distribution networks
Allgas Energy, Australian Gas Networks
QLD electricity tariff options
Tariff 11 (single rate), Tariff 12 (time of use), Tariffs 31 & 33 (controlled load)
QLD electricity generation
Coal, gas turbine, wind, solar, hydro, bagasse
Year QLD electricity market was deregulated