KEY POINTS
- This page explores a handful of the best energy switching deals and sign-up bonuses on offer by electricity retailers.
- Whether energy switching deals are worth it depends on how much they can save you over plans with lower rates or other discounts, or how much you value reward point bonuses.
- We recommend comparing the cheapest electricity plans with Canstar Blue’s comparison tool, regardless of any ongoing discount or promotion.
Power prices only ever seem to go in one direction, but the energy retailers are keen to get you on board by promising a myriad of sign-up bonuses and promotions, which means there are opportunities to secure a better deal.
While it’s always crucial to compare electricity plans on price, you may also find various other value-added incentives.
Canstar Blue explores some of the best electricity switching incentives and promotions currently being offered around Australia.
Please note that this page may not cover all deals available in your area or compare all types of ongoing discounts. Always check retailer websites before making a purchase decision.
Our editorial team examines deals currently on offer from some of Australia’s most popular retailers and evaluates them based on the sign-up bonuses and incentives they offer.
There are many offers available from providers at any given time, and the best energy deal or offer is going to be different from person to person, depending on your household energy needs.
If you’d like to compare energy plans (with or without sign-up bonuses) in your state to find one that is best suited to your needs, visit Canstar Blue’s comparison tool by clicking the button below.
Latest switching deals and promotions in Australia
- AGL deals and promotions
- Origin deals and promotions
- Kogan Energy deals and promotions
- 1st Energy deals and promotions
- Powershop deals and promotions
- Red Energy deals and promotions
- Momentum deals and promotions
- Engie deals and promotions
- Alinta Energy deals and promotions
- CovaU deals and promotions
AGL deals and promotions
AGL’s Value Saver plan rewards new and moving AGL customers with a sign-up bonus worth $200 in NSW ($100 in QLD and SA), provided customers remain at their nominated address for 150 days.
NSW customers who meet the following criteria can also enjoy the following bonuses:
- Velocity Rewards members can receive 20,000 Velocity points by nominating their account during sign-up with AGL.
- Westpac customers can receive a $100 Digital Mastercard.
Eligible in: NSW, QLD, SA
AGL also offers a Netflix plan that rewards new and moving customers with a $200 sign-up credit in NSW, VIC ($100 in QLD and SA), alongside a free year-long subscription to Netflix Standard with ads valued at $96 RRP.
Eligible in: NSW, VIC, QLD, SA
Here is a selection of AGL Energy plans on our database for NSW. These are products from a referral partner†. 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 3,900kWh/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.
Here is a selection of AGL Energy plans on our database for Victoria. These are products from a referral partner†. 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 4,000kWh/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.
Here is a selection of AGL Energy plans on our database for SE QLD. These are products from a referral partner†. These costs are based on the Energex energy network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4,600kWh/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.
Here is a selection of AGL Energy plans on our database for South Australia. These are products from a referral partner†. 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 4,000kWh/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.
Origin deals and promotions
Origin’s Everyday Reward Variable Plan gives new customers up to 5,000 Everyday Rewards points in NSW, QLD, and SA (15,000 in VIC) 45 days after sign-up, followed by 1 Everyday Reward Point for every $1 spent on their usage and supply rates.
Eligible in: NSW, VIC, QLD, SA
Here is a selection of Origin Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of Origin Energy plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of Origin Energy plans on our database for SE QLD. These are products from a referral partner†. 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.
Here is a selection of Origin Energy plans on our database for South Australia. These are products from a referral partner†. 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 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.
Kogan Energy deals and promotions
Kogan Energy is giving all new customers who sign up to its Kogan Energy with Free First product a complimentary 12-month membership to Kogan First – a discount and reward system for shoppers.
If you are already a Kogan First member and sign up to this deal, you can score yourself a one-off $100 bill credit.
Eligible in: NSW, VIC, QLD, SA
Here is a selection of Kogan Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of Kogan Energy plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of Kogan Energy plans on our database for SEQ. These are products from a referral partner†. These costs are based on the Energex energy 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.
Here is a selection of Kogan Energy plans on our database for South Australia. These are products from a referral partner†. 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 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.
1st Energy deals and promotions
The 1st Energy Super Saver plan offers a $125 credit on the 4th month of billing and a $125 credit on the 8th month of billing in NSW, alongside a 10% guaranteed discount in NSW and 15% guaranteed discount in VIC.
Eligible in: NSW
Here is a selection of 1st Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
Powershop deals and promotions
Powershop’s plan, Switch Saver, offers a sign-up bonus credit of $150 (including GST) for new customers and existing customers moving to a new home.
Eligible in: NSW, VIC, QLD, SA
Here is a selection of Powershop plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of Powershop plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of Powershop plans on our database for SEQ. These are products from a referral partner†. These costs are based on the Energex energy 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.
Here is a selection of Powershop plans on our database for South Australia. These are products from a referral partner†. 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 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.
Red Energy deals and promotions
Red Energy is awarding new customers with Qantas points through its Qantas Red Saver plan.
Those who pay their first bill in full will receive 10,000 Qantas points for electricity and two points per $1 spent on energy bills that are paid on time.
Eligible in: NSW, VIC, SA, QLD, ACT
Here is a selection of Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of Red Energy plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of Red Energy plans on our database for SEQ. These are products from a referral partner†. 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.
Here is a selection of Red Energy plans on our database for South Australia. These are products from a referral partner†. 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 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.
Momentum deals and promotions
Momentum Energy’s Warm Welcome offer comes with a one-off $50 bill credit for new customers in NSW, QLD and SA, and a $100 credit for new customers in VIC. This credit will be applied to your first electricity bill.
Eligible in: NSW, VIC, QLD, SA
Here is a selection of Momentum Energy plans on our database for NSW. 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 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.
Here is a selection of Momentum Energy plans on our database for VIC. 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 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.
Here is a selection of Momentum Energy plans on our database for SE QLD. 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.
Here is a selection of Momentum Energy plans on our database for SA. 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 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.
Engie deals and promotions
Engie’s NRMA plan offers:
- A welcome sign-up credit worth $100 off your first electricity bill (this is only applicable if you have not received a welcome credit from Engie in the past 12 months)
- Guaranteed discount of 9% off total usage and supply rates
Eligible in: NSW
Engie’s Perks plans also offer a similar $100 sign-up credit in NSW and QLD, a $200 sign-up credit in VIC, and a guaranteed discount of 9% in NSW, 9% in QLD, 10% in VIC, 4% in SA, plus a free My NRMA membership in other eligible states.
Eligible in: NSW, VIC, QLD, SA
Engie’s Movie Perks Plan is currently only available in VIC, offering:
- A one-time welcome credit worth $200
- 1000 VRewards points per fuel for every month you remain on your energy plan (or a maximum of 12,000 VRewards points per year)
- Guaranteed discount of 5% off total usage and supply rates
Eligible in: VIC
Here is a selection of Engie plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of Engie plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of Engie plans on our database for SEQ. These are products from a referral partner†. These costs are based on the Energex energy 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.
Here is a selection of Engie plans on our database for South Australia. These are products from a referral partner†. 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 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.
Alinta Energy deals and promotions
Alinta Energy’s Home Saver Plus offers customers a $50 bonus credit off their first bill in NSW.
Eligible in: NSW
Here is a selection of Alinta Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
CovaU deals and promotions
CovaU’s Freedom Plans offers a:
- $50 refer-a-friend credit, which is available both to the referring customer and their friend after switching to CovaU.
- A guaranteed discount of 15% off total usage (5% in SA)
Eligible in: NSW, QLD, SA
CovaU’s Super Saver Residential Plan offers a:
- $50 refer-a-friend credit, which is available both to the referring customer and their friend after switching to CovaU.
- A guaranteed discount of 5% off total usage.
Eligible in: VIC
Here is a selection of CovaU Energy plans on our database for NSW. These are products from a referral partner†. 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 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.
Here is a selection of CovaU plans on our database for Victoria. These are products from a referral partner†. 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 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.
Here is a selection of CovaU plans on our database for SEQ. These are products from a referral partner†. 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.
Here is a selection of CovaU plans on our database for South Australia. These are products from a referral partner†. 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 4,000kWh/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.
Are energy switching deals worth it?
Whether or not energy switching deals are worth it depends on:
- If the dollar value of the switching or bill credit bonus saves you more than plans with lower usage and supply rates or other types of discounts.
- If you intend to maximise the bonus rewards points on offer in exchange for discounts or free experiences/products.
The deals and promotions listed above strictly focus on welcome or sign-up discounts. Today, retailers are eager to offer other forms of conditional discounts and/or guaranteed discounts to further tempt customers to make the switch.
Be it pay on time, direct debit discounts or other forms of deals, it’s hugely important not to get too carried away with promotions and to compare plans based on their standard pricing and conditions first.
If you find two similar products and can’t decide between them, then sign-up incentives are worth considering before making the final decision.
But before committing to any one plan, we highly encourage you to shop around with Canstar Blue’s free comparison tool by clicking the button below. Shopping for electricity plans from different retailers ensures you’re securing the best deal for you, regardless of discount or promotion.
Original reporting by Simon Downes
Image Source: greenbutterfly/Shutterstock.com
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