Compare Queensland Electricity Prices

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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

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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.

Brand Features Price(estimated**)
Powershop Logo
Basic Plan Information

Shopper Market Offer

Conditional Discounts

  • Further 15% less than Reference Price for purchasing the Mega Pack
1% LessThan Reference Price^^ $1,322
incl. conditional discount
Go To Site
ReAmped Logo
Basic Plan Information

Residential Anytime

No Conditional Discounts

16% LessThan Reference Price^^ $1,323

Go To Site
Alinta Energy Logo
Basic Plan Information

No Fuss

No Conditional Discounts

14% LessThan Reference Price^^ $1,344 Go To Site
LPE Logo
Basic Plan Information

Principal Rate

No Conditional Discounts

11% LessThan Reference Price^^ $1,397

Go To Site
EnergyAustralia Logo
Basic Plan Information

Total Plan Home

No Conditional Discounts

Other Features:

  • Fixed rates for 12 months
10% Less Than Reference Price^^ $1,413 Go to Site
Simply Energy Logo
Basic Plan Information

Simply RACQ

No Conditional Discounts

Other Features:

  • Price includes $60/year credit
10% LessThan Reference Price^^ $1,414 Go To Site
View all electricity plans listed on Canstar Blue

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*
Powerclub Powerbank Home Flat 16% Less Than Reference Price No conditional discounts $1,311
Powershop Shopper Market Offer 1% Less Than Reference Price Further 15% Less Than Reference Price for Pre-Payment $1,322incl. conditional discount
ReAmped Energy Residential Anytime 16% Less Than Reference Price No conditional discounts $1,323
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
Alinta Energy No Fuss 14% Less Than Reference Price No conditional discounts $1,344
QEnergy Home Saver Lite Variable 14% Less Than Reference Price No conditional discounts $1,345
Click Energy Click Banksia 14% Less Than Reference Price No conditional discounts $1,354
LPE Principal Rate 11% Less Than Reference Price No conditional discounts $1,397
Origin Energy Max Saver – Online Special 11% Less Than Reference Price No conditional discounts $1,401
Discover Energy Ultimate Offer 10% Less Than Reference Price No conditional discounts $1,408
AGL Essentials Plus 10% Less Than Reference Price No conditional discounts $1,412
Powerdirect Discount Saver 10% Less Than Reference Price No conditional discounts $1,412
EnergyAustralia Total Plan Home 10% Less Than Reference Price No conditional discounts $1,413
Simply Energy Simply RACQ 10% Less Than Reference Price No conditional discounts $1,414
Red Energy Easy Saver 1% More Than Reference Price Reduces to 9% Less Than Reference Price for Paying on Time $1,424incl. conditional discount
Diamond Energy Diamond Power 4% More Than Reference Price Reduces to 7% Less Than Reference Price for Paying on Time by Direct Debit $1,468incl. conditional discount
Dodo Power & Gas Market Offer 6% Less Than Reference Price No conditional discounts $1,476
Energy Locals Online Saver Equal To Reference Price $84/year credit for paying on time $1,486incl. 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 Electricity As You Go 3% More Than Reference Price No conditional discounts $1,609

Mojo Power Mojo Energy Pass 11% More Than Reference Price No conditional discounts $1,747
DC Power Co Market Offer 22% More Than Reference Price No conditional discounts $1,910
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. August 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 Powerclub, ReAmped Energy and Powershop 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.

Electricity Provider Customer Ratings

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.

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.

Brand Features Price(estimated**)
Basic Plan Information

Powerbank Home Flat

No Conditional Discounts

Other Features:

  • Annual cost does not include upfront powerbank payment
  • Powerclub recommends a minimum $40 per 1000kWh of estimated annual usage
16% LessThan Reference Price^^ $1,311 More Details
View all electricity plans listed on Canstar Blue

Shopper Market Offer (Powershop)

The Powershop Shopper Market Offer is a gateway into getting generous discounts put forth through Powerpacks. You’ll essentially be pre-paying for electricity and receiving a discount that varies based on how long you’re willing to prepay for. Listed below is the pricing based on the assumption that you buy the Powershop Mega Pack every three months.

Brand Features Price(estimated**)
Powershop Logo
Basic Plan Information

Shopper Market Offer

Conditional Discounts

  • Further 15% less than Reference Price for purchasing the Mega Pack
1% LessThan Reference Price^^ $1,322
incl. conditional discount
Go To Site
View all electricity plans listed on Canstar Blue

Residential Anytime (ReAmped Energy)

ReAmped Energy prides itself on being a simple-to-understand energy retailer, offering up low rate plans with no conditional discounts. The Residential Anytime is its only Queensland plan, which has variable usage and supply rates. While ReAmped Energy does have a phone line, it prefers customers use its online facilities for everything from sign-up to communication.

Brand Features Price(estimated**)
ReAmped Logo
Basic Plan Information

Residential Anytime

No Conditional Discounts

16% LessThan Reference Price^^ $1,323

Go To Site
View all electricity plans listed on Canstar Blue

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 11% Less Than Reference Price No conditional discounts $1,401
Cheapest No Discount ReAmped Energy, Residential Anytime 16% Less Than Reference Price No conditional discounts $1,323
Cheapest Discounted Powershop, Shopper Market Offer 1% Less Than Reference Price Further 15% Less Than Reference Price for Pre-Payment $1,322incl. conditional discount
Cheapest Variable Rate ReAmped Energy, Residential Anytime 16% Less Than Reference Price No conditional discounts $1,323
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. August 2019.

Energy Discounts in Queensland

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.

Other Incentives

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.

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.

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