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Canstar

Electricity prices compared Background

21 electricity companies have cut the cost of their cheapest plan*

Data Insights Lead

Utilities Editor

Results for residential customers in Sydney NSW, 2000 in the Ausgrid network, where general usage is 3,900 kWh / year on a Single Rate tariff. Lowest annual price displayed, your bill will differ based on actual usage. Based on general usage, the is $1,810 / year.

Start with your postcode to compare 1,500+ Canstar Blue expert rated plans

or

AGL | Residential Netflix Plan - New To AGL

Distributed By Ausgrid

Basic Plan Information

PROMOTED

Enjoy $100 credit when you join AGL electricity. Plus, get $96 RRP off Netflix value each year for the life of your plan with the AGL Netflix Plan. T&C's apply

Kogan Energy | Kogan Energy for current FIRST members

Distributed By Ausgrid

Basic Plan Information

Not yet rated

GloBird Energy | GloSave

Distributed By Ausgrid

Basic Plan Information

Not yet rated

GloBird Energy | Boost

Distributed By Ausgrid

Basic Plan Information

Not yet rated

Ampol Energy | Ampol Energy Powering On

Distributed By Ausgrid

Basic Plan Information

Link Not Supplied

Not yet rated

GloBird Energy | Ultra Save

Distributed By Ausgrid

Basic Plan Information

Not yet rated

Kogan Energy | Kogan Energy with free FIRST

Distributed By Ausgrid

Basic Plan Information

Not yet rated

ENGIE | NSW - ENGIE Perks elec

Distributed By Ausgrid

Basic Plan Information

ENGIE | NSW - ENGIE NRMA elec

Distributed By Ausgrid

Basic Plan Information

Link Not Supplied

Energy Locals | Home Classic

Distributed By Ausgrid

Basic Plan Information

Link Not Supplied

Not yet rated

Pacific Blue | Blue First

Distributed By Ausgrid

Basic Plan Information

Link Not Supplied

Not yet rated

Showing 10 of 82 results

Canstar Blue Brand Satisfaction Rating

Available

Not available

Optional

Not applicable

Unsure of a term in the above table? View glossary

The initial results in the table above are sorted by Price/year (estimated) including conditional discount (Low-High) , then Value Rank out of 10 (High-Low) , then Brand Satisfaction (High-Low) . Additional filters may have been applied, which impact the results displayed in the table - filters can be applied or removed at any time.

Bill caps? Default prices? You might be wondering why all of this electricity detail matters. We’ve got an explanation.

Default, or reference, prices are designed both to protect consumers and help them compare electricity plans. Check out the FAQs to understand why it may pay to keep an eye on electricity plan prices in July.
⚡ Get a weekly round-up of the cheapest plans and more money-saving tips

Frequently asked questions

On July 1 every year the prices of standing offer electricity plans change in south-east Queensland, New South Wales, Victoria and South Australia. Standing offer plan prices are regulated so consumers who don’t look for a cheaper electricity plan aren’t overcharged. About 10% of electricity customers have a standing offer plan.

If you’re like about 90% of consumers, you probably have a more competitively priced market offer plan. But the July 1 price changes are relevant to you too.

When standing offer plan prices change on July 1, energy providers often update their market offer plan prices for existing and new customers. These price movements can follow the direction determined by regulators for standing offer plans – which in 2024 is generally downward.

Providers might also release fresh market offer plans, with new incentives such as sign-up bill credits. All of this makes July a prime time to make sure you’re not missing out on a better deal!

Standing offer electricity plan prices are regulated by the Australian Energy Regulator (AER) in south-east Queensland, New South Wales and South Australia. The Essential Services Commission regulates the prices of these plans in Victoria.

These regulated prices are called the default price or reference price.

The AER sets its default price – formally known as the Default Market Offer – as an effective price cap, which is the maximum energy providers are permitted to charge for standing offer plans.

The ESC sets its default price – a.k.a the Victorian Default Offer – at what it determines is a fair price for standing offer plans. While the regulators’ approaches are slightly different, they are both designed to provide a safety net for consumers who can’t or choose not to compare the wider range of market offer plans to find a more competitive option.

Both regulators set default prices for each distribution network in their respective locations. These default prices are set in late May and come into effect on July 1.

Other locations, including the Australian Capital Territory and Tasmania, also introduce new default prices on or around July 1 but are regulated by their state or territory government agencies.