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Energy Switching Deals & Promotions

Energy retailers are currently navigating a volatile wholesale market. Some of the retailers below may have temporarily switched off their market offer plans to new customers. We will do our best to keep this table and the details on this page up to date as new information becomes available. Please check plan details and availability directly with providers.

Power prices only ever seem to go in one direction, but the energy retailers will do almost anything to get you on board, 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-add incentives to sweeten a deal. These can be anything from online sign-up credit to ‘free’ movie tickets. It’s probably best not to be overly swayed by gimmicks, but if you find two comparable plans, these incentives can be a good point of difference. So, what sign-up incentives and special deals are available in your state?

Canstar Blue explores what sign-up incentives and promotions are being offered around Australia. This page may not cover all deals available in your area, and please check retailer websites for up to date information.

NSW Electricity Prices

Here are some sponsored 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 energy 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 and to see other products in our database that may be available. 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 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 for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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.

NSW Energy Deals

NSW Energy Deals

Energy customers in NSW have a wide variety of different sign-up incentives currently on offer. Here is a selection of some of the promotions. These deals are current as of August 17 2022.

  • Origin is offering new customers the chance to earn up to 10,000 Everyday Rewards points to use at participating Woolworths group stores when signing up to both electricity and gas (5,000 per energy type). On the ‘Everyday Rewards’ plan, customers will also receive one point for every $1 charged on their bill, plus 25% GreenPower and 100% Green Gas (on natural gas plans) at no extra cost.
  • Bill-payers who sign up to EnergyAustralia’s ‘Flexi Plan’ or ‘Basic Home’ deal online for either gas or electricity will score themselves a $25 bill credit.
  • AGL is offering new customers who sign up online to residential electricity or gas a $75 bill credit. New residential energy customers can also opt in to carbon neutral energy for no extra cost.
  • Red Energy is awarding new customers with Qantas points through its ‘Qantas Red Saver’ plan. New sign-ups will receive 10,000 Qantas points as well as two points per $1 spent on energy bills. Plus, there’s an additional 1,500 Qantas points to be earnt by those who refer a friend to the retailer. If taking to the skies isn’t your thing though, the retailer also has a partnership with Taronga Zoo. The ‘Red Taronga Flex’ plan gives customers a Taronga Zoo Friends membership, which allows park access for one adult and two children aged 4-15. 
  • Energy Locals is crediting customers with $50 on their bill if they successfully refer a friend to the provider.
  • Kogan Energy is giving all new customers who sign up to its ‘Kogan Energy with Free Kogan 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 $59 bill credit.
  • Diamond Energy is giving new customers in NSW a $35 credit if they sign up through a friend’s referral. This ultimately benefits both the referrer and referee as the existing customer scores an ongoing 2% discount on their bills as a result.
  • Simply Energy has a special offer for NRMA members, where if they sign up to the retailer’s Simply NRMA plan they’ll be eligible for a 1% guaranteed discount across their usage and supply charges.
  • OVO Energy is giving new customers $120 credit as part of its Winter Welcome Credit. This is available on the retailer’s The One Plan and will be paid to customers over 12 months. Customers who refer a friend to the retailer will also be eligible for a $120 bill credit, paid over 12 months. This credit is also applicable to the new customer.
  • Nectr is giving $50 credit to new customers who sign up using a valid refer a friend link. This credit will be applied to the customer’s second bill with the retailer.

While these promotions sound tempting, it’s important to first compare plans based on standard prices and conditions. You can see how the retailers featured above compare to others on price with our NSW cost comparison report.

Victoria Electricity Prices

Here are some sponsored 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 for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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 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†. 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 and to see other products in our database that may be available. 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.

Victoria Energy Deals

Victoria Energy Deals

Households in Victoria have a similar list of promotional power deals as those in NSW, but with a few notable additions. These deals are current as of August 17 2022.

  • Victorians who sign up to Origin’s ‘Everyday Rewards’ plan can receive up to 5,000 bonus points for each power type. This plan also gives customers an extra point for every dollar spent on their bill, plus 25% GreenPower or 100% Green Gas at no extra cost.
  • EnergyAustralia is now awarding a $25 bill credit across all its electricity and natural gas offers. To receive this credit though, customers will need to sign up online.
  • AGL is giving away a $75 online sign-up credit to any new residential gas or electricity plan from AGL.
  • Red Energy has a new deal for Victorians who love Qantas points. Bill-payers who sign up to the ‘Qantas Red Saver’ plan will receive 10,000 Qantas points when they first sign up, as well as two points per $1 spent on energy bills. Plus, those who refer a friend to the retailer could nab themselves an extra 1,500 Qantas points, or a $25 eGift Card, if they aren’t on the ‘Qantas Red Saver’ product.
  • Lumo Energy’s refer a friend program will earn Victorian customers a $25 eGift card for both the new sign up and the person who referred them. The eGift Card can be used at David Jones, Coles, JB Hi-Fi or Hoyts. 
  • Diamond Energy’s new customers can receive $35 off their first bill if they’ve been referred by a friend. This ultimately benefits both the referrer and referee as the existing customer scores an ongoing 2% discount on their bills as a result.
  • Kogan Energy is giving all new customers who sign up to its ‘Kogan Energy with Free Kogan 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’ll earn yourself a one-off $59 bill credit.
  • Customers who successfully refer a friend to Energy Locals can earn themselves a $50 bill credit.
  • OVO Energy is giving new customers $120 credit when they sign up to either The One Plan or The Basic Plan. This is called their Winter Welcome Credit and will be paid to customers over 12 months. Customers who refer a friend to the retailer will also be eligible for a $120 bill credit, paid over 12 months. This credit is also applicable to the new customer.

Victorians are well-accustomed to headline-grabbing energy promotions, but it’s still worth saying that consumers should compare plans based on price before thinking too much about extra incentives. However, some promotions will have a direct impact on costs, so it’s definitely worth paying attention to what’s on offer. Compare the providers mentioned above to others in the state with our Victoria price comparison report.

Queensland Electricity Prices

Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from our 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 and to see other products in our database that may be available. 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 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 and to see other products in our database that may be available. 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.

QLD Energy Deals

Queenslanders have become spoilt for choice when it comes to electricity retailers, with some offering a little extra to sweeten the deal. Here is a selection of promotions. These deals are current as of August 17 2022.

  • Origin’s ‘Everyday Rewards’ plan gives new customers up to 10,000 rewards points when they sign up to both electricity and gas. In addition, 25% GreenPower is also a free extra of this plan, plus customers will receive one extra point per dollar spent on their bill.
  • In Queensland, bill-payers who sign up online to select EnergyAustralia’s plans will score themselves a $25 bill credit. This is eligible on both electricity and natural gas offers.
  • New customers who make the switch online to AGL will score a $75 credit off their bill. This promo is applicable to any residential AGL electricity and gas market offer.
  • Red Energy is offering new sign-ups in Queensland the opportunity to earn Qantas frequent flyer points on its ‘Qantas Red Saver’ plan. All customers who sign up will not only receive 10,000 Qantas points, but a further two points per $1 spent on energy bills. A further 1,500 bonus Qantas Points can also be earned by those who refer a friend to the retailer. 
  • Kogan Energy’s latest product ‘Kogan Energy with Free Kogan First’ is awarding new sign-ups with a 12-month complimentary membership to Kogan First – a discounts and rewards system for shoppers. For those already a member of Kogan First, a $59 one-off bill credit will be awarded instead of the membership.
  • Diamond Energy’s new customers can receive $35 off their first bill if they’ve been referred by a friend, benefiting the person on the referring end, as they receive a 2% ongoing discount on their bills.
  • Customers who successfully refer a friend to Energy Locals can score themselves a $50 bill credit.
  • New customers who sign up to OVO Energy’s The One Plan will receive $120 credit as part of the retailer’s Winter Welcome Credit. This will be paid over 12 months. Customers who refer a friend to the retailer will also be eligible for a $120 bill credit, paid over 12 months. This credit is also applicable to the new customer.
  • Nectr is giving $50 credit to new customers who sign up through a valid refer a friend credit. This credit will be applied to customers’ second bill with the retailer.

There is often not much difference in price between retailers in Queensland, meaning any extra incentives can prove a helpful point of difference when comparing plans and providers. Nevertheless it is still important to review standard prices to get an idea of what you can expect to pay long after the promotion has gone. See what the providers mentioned above are offering in the state with our QLD price comparison report.  

South Australia Electricity Prices

Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from our 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 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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 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 for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. 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.

SA Energy Deals

South Australians get a bad energy deal when it comes to standard prices. They also currently have few extra incentives to consider when comparing plans. Here is a selection of what’s available. These deals are current as of August 17 2022.

  • South Australians who sign up to Origin’s ‘Everyday Rewards’ plan will receive up to 10,000 rewards points upon sign up to a gas and electricity plan (5,000 points per plan). They can also expect to receive one extra point for every dollar spent on their bill as well as 25% GreenPower added to their tariff at no extra cost.
  • Lumo Energy customers can earn a $25 eGift card for signing up with a referral code. This applies to both the new sign up and the person who referred them. SA Lumo customers also have access to the retailer’s Lumo Rewards program, which awards discounts on everything from dining to travel.
  • Red Energy is a provider offering great sign-up incentives to those who can’t resist rewards points. All customers who sign up to the ‘Qantas Red Saver’ plan will receive 10,000 Qantas points, as well as two points per $1 spent on energy bills. Plus, those who refer a friend to the retailer could earn themselves a further 1,500 Qantas points. 
  • Kogan Energy is giving all bill-payers who sign up to the retailer’s latest product ‘Kogan Energy with Free Kogan First’ a 12-month complimentary membership to Kogan First – a discounts and rewards program for shoppers.
  • SA residents looking to switch to Diamond Energy can cop a $35 credit off their first bill by signing up with a referral code. Once successful, the friend who supplied the referral will receive an ongoing 2% discount off their bills.
  • Energy Locals is crediting $50 to customers who successfully refer a friend to the retailer.
  • Simply Energy has a special offer for RAA members, where if they sign up to the retailer’s Simply RAA Members plan they’ll be eligible for a 1% guaranteed discount across their usage and supply charges.
  • OVO Energy is giving new customers $120 credit when they sign up to The One Plan. This is the retailer’s Winter Welcome Credit and will be paid over 12 months. Customers who refer a friend to the retailer will also be eligible for a $120 bill credit, paid over 12 months. This credit is also applicable to the new customer.

We all love a bonus, but don’t let that allure you into a bad energy deal. See how South Australia electricity retailers compare with our price comparison table.

What’s the deal with energy promotions?

Energy promotions

Perhaps the most obvious trend to emerge from this review is that most promotions are only available online. While this is great for web-savvy consumers looking to compare the best deals, it’s not such good news for those who aren’t able to go online, or find the idea of comparing plans too daunting.

For those engaged in the energy market, there are certainly some interesting offers to consider. Red Energy arguably stands out for offering plans tailored to frequent flyers, which appear to bring a tangible value add, while OVO Energy’s refer a friend deals could prove profitable if you can persuade enough people to follow your lead. That said, you should be open with them about your intentions…

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 incentives are worth considering to sweeten the deal.

Kelseigh Wrigley
Energy Content Producer
Kelseigh Wrigley cover’s Australia's retail energy market, growing her industry specific expertise over the last 2 years. She holds a Bachelor of Journalism at the Queensland University of Technology and has contributed her skills to online publications Hunter & Bligh and local radio station 4ZZZ.

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