Energy Plans for Seniors & Pensioners

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Once the kids have moved out and life has settled down, you might find your home doesn’t use as much electricity as it used to. Lower usage of course means smaller bills, but what if we told you there’s a way to save even more on your power bills? If you’ve been stuck with the same electricity provider – like AGL or Origin – for several years without comparing other offers, chances are you’re paying too much for energy. In this article, Canstar Blue compares cheap electricity deals for seniors and pensioners, explains what to look for in a power plan, and what rebates and concessions may be available to help you lower your bills even further.

Good Energy Plans for Seniors & Pensioners

If you’re a senior or pensioner, you’re probably not using as much electricity as the younger crowd. If that’s the case, it will likely be a smart move to look for an electricity deal that has low supply charges. These are the daily charges you need to pay for each day that you’re connected to the energy network.

  • Electricity plans are made up of two main charges – usage and supply. Energy providers typically compensate for low supply rates with higher usage rates, and vice versa. For small households, supply charges will typically make up a higher proportion of your overall energy costs. For large households, usage charges generally make up a higher proportion of overall costs. Therefore it pays to get the cheapest rates on the charges that have the biggest impact on your hip pocket.

This being the case, it may also be a smart move to find a plan with a higher per cent off the reference price or VDO, opposed to a plan with added value incentives. If you do decide to go with a plan offering a conditional discount or extra features, it’s probably best you find an electricity plan that has a benefit period of at least two years, so you won’t lose the discount for 24 months. Some retailers even offer ongoing discounts, but don’t fall into the set and forget trap of assuming that you’re always going to be getting a great deal.

Ultimately the key to finding the right electricity plan for your needs is having a good understanding of your energy usage habits. Be sure to check your recent energy bills to find out how much power you’re using and how this compares to other households. Read on for examples of cheap energy deals in each state we have compared, or jump straight into our comparison tool to find plans in your area.

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Cheap Energy Plans for Seniors & Pensioners

A cheap electricity plan for seniors and pensioners will likely have low usage charges, assuming that the household will generally not consume as much power as households with several occupants or kids, for example. With this in mind, we have trawled our energy database to show examples of the cheapest plans in NSW, VIC, QLD and SA, but you should treat these as examples only. These are not energy plans for seniors per se, but some of the cheapest deals on our database for all consumers. Use our comparison tool above for a specific comparison in your area.

Cheap Energy Deals in NSW

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. 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.

Cheap Energy Deals in VIC

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. 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.

Cheap Energy Deals in 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. 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.

Cheap Energy Deals in SA

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. 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.

Energy Concessions for Seniors

Each state government offers a discount to Pensioner Concession Card or Seniors Card holders. The title, value and eligibility requirements of these concessions vary from state to state, so be sure to check your state government’s website (via the links in the table below) to confirm what discounts may be available.

State Seniors Concession
NSW $285
VIC 17.5% of total annual bill
QLD $340.85
SA $226.67

Source: State government websites, July 2019

Additional rebates may also be available to electricity account holders with low incomes and health conditions. You can see a full list of electricity and gas rebates here.

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Specific Energy Plans for Seniors

Energy Plans for Seniors

While the electricity plans featured above will likely be some of the cheapest deals on the market for seniors and pensioners given that they are based on low-usage households, they are not specific plans for older Australians, in that any household can sign up to them. However, it’s worth checking with your energy retailer – and any prospective ones – if they offer specific products for seniors. Below is a guide to what Australia’s big three power companies have to offer seniors and pensioners.

AGL Seniors Plans

AGL is the only electricity provider in Australia with specific products for seniors and pensioners. Customers in NSW, VIC and QLD can sign up to the AGL Seniors Plus plan, which comes with low, fixed rates. In this case, it applies additional bill credits to already low base rates, meaning seniors will likely end up paying less than most other customers. Here are some other key takeaways:

  • Seniors Card holders in New South Wales can sign up to the AGL Seniors Plus plan and receive rates 12% lower than the reference price. It also comes with a bonus $100 online sign-up credit on your first bill, additional $20 credits every six months during your two-year energy plan and fixed rates for two years.
  • Victorian seniors can receive a $25 sign up credit on their first bill, $20 off their bills every six months for two years and fixed rates for this time also.
  • Queensland senior customers pay 11% less than the reference price, and get $20 off their bill every six months during the two-year benefit period. Seniors will also receive a $100 online sign-up credit on their first bill.

All AGL Seniors members will also receive access to AGL Rewards, where they can find exclusive discounts on lifestyle products.

AGL also provides a seniors offer for natural gas customers in WA, where customers may be eligible for an additional discount.

Origin Seniors

The Origin Max Saver plan is Origin’s cheapest electricity deal for most residential customers. While it is not exclusive to seniors, the value can be on par with the AGL Seniors Plan, but be sure to use our comparison tool to check the latest prices. Origin also encourages its senior customers to make the most of government rebates and concessions. If you hold a Pensioner Concession Card or State Seniors Card, contact Origin over the phone or online to have your annual seniors concession applied to your bill. Depending on your state, you may also need to fill out a concession application form.

Origin SA Concessions Energy Discount Offer

The South Australian Government has selected Origin to deliver the SA Concessions Energy Discount Offer. Concession card holders get a discount on their electricity rates, with no lock-in contracts and no end date. For electricity, SA residents can get 20% off the Reference Price with Origin, and this does not include the standard government energy concession of $226.67/year.

EnergyAustralia Seniors

The EnergyAustralia Total Plan Home and No Frills plans can help senior customers save with fixed rates that won’t increase for one or two years. These plans and all other EnergyAustralia deals are also compatible with state government senior concessions and rebates. If you currently hold a Pensioner Concession Card or Seniors Card, visit the EnergyAustralia website to have your rebate applied. To do this, you will need to make a ‘My Account’ and update your details. Once you’re done, your electricity concession should take effect immediately.

How to find the best deal on energy

Older customers are often the most loyal, but when it comes to energy supply, loyalty usually doesn’t pay. If you’ve been with the same electricity company for several years, then you are likely paying too much. The best energy deals are typically reserved for new customers, so it’s wise to regularly compare offers and see where you could save. At the very least, get in touch with your existing retailer and ask for a better deal. Also, don’t forget about your concessions. Be sure to check your power bills to make sure you’re receiving all the rebates and discounts you’re entitled to.

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