Energy Switching Deals & Promotions

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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.

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NSW Electricity Prices

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 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.

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 December, 2019.

  • Simply Energy ‘Simply NRMA’ members can benefit from $50 anniversary credit after a year of being on this plan.
  • Origin Energy is offering a bonus discount for signing up online to its Max Saver plan. This discount currently sits at 1% off the Reference Price in NSW, which is in addition to the plan’s original savings.
  • AGL sign-ups will receive a $75 dollar sign-up credit on their first bill on the Essentials Saver and Essentials Plus plans. On the Essentials Plus plan, customers can also expect to receive a $20 credit on their electricity bill every six months for two years. New sign-ups may also receive 5,000 flybuys points over 15 months for, again, signing up online.
  • Customers in NSW who sign up to Click Energy in December will go into the draw to win one of ‘12 Prizes of Christmas’, which are drawn at different times over the month. These prizes include a range of gift cards and items such as a DeLonghi coffee machine.
  • Red Energy currently has two plans available that will appeal to lovers of Qantas points or… Taronga Zoo. Sign up to the Qantas Red Saver plan and receive 10,000 Qantas points, as well as  two points per $1 spent on your energy bill. The Red Taronga Saver plan gives customers a Taronga Zoo Friends membership, which allows park access for an adult and two children aged 4-15.
  • Alinta Energy is giving customers the chance to receive a year of Kayo Basic for free when signing up to its Sports Pack plan. Keep in mind to check the rates on this plan and make sure you’re getting good value.
  • In NSW, Momentum Energy is offering a $50 welcome bonus on its SmilePower Flexi plan, which is only applicable when new customers sign up on their website.
  • Powershop is offering a deal where customers can receive $75 credit when signing up through a referral. Existing customers can log into their online portal and invite friends to join. If they do so, $25 is applied to both customer accounts every month for three months. There is no limit on the number of friends that can be referred.
  • CovaU is offering a $50 sign-up credit in NSW when you sign up to any of its electricity products. This applies to its gas plan too, where combined you could receive $100 off your first bill.
  • QEnergy is also offering a referral deal, whereby new customers in NSW can receive $50 off their bill if they come on board through an official referral. The new customer receives the discount off their first bill, and the person who referred them receives it off their next bill.
  • 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 credit applies on both ends.

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 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 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.

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 December, 2019.

  • The Simply Gold Class Plus plan brings 4 free gold class movie tickets a year with Village Cinemas. Simply Energy also has a specific offer for AFL fans, providing a $150 AFL store voucher. 
  • Origin Energy has a similar deal in Victoria as it does in NSW, with an extra amount off the VDO on the Max Saver plan when you sign up online. This is a variable rate plan with a benefit period of 12 months.
  • AGL is providing its customers in Victoria with 5,000 flybuys bonus points over 15 months when signing up online with the Essentials Saver and Essentials plans.
  • Red Energy has two plans available for Victorians who love Qantas points. With the Qantas Red Saver and Qantas Red Plus plans, customers will receive 10,000 Qantas points on sign-up, with an additional 5,000 available to those that also choose Red Energy for their gas. There are ongoing points up for grabs for paying your bills on time.
  • Customers who sign up to CovaU in Victoria will receive a $50 bill credit off their first electricity bill for signing up online. This applies to gas, too. 
  • Lumo Energy’s refer a friend program will earn Victorian customers a $50 eGift card for both the new sign-up and the person who referred them.
  • Momentum Energy is offering a $50 welcome bonus on the SmilePower Flexi, Move Mate and Solar Step-Up plans for customers who sign up on its website. This bonus is applied to the new customer’s first bill.
  • As in NSW, Powershop offers $75 credit when customers refer a friend to the retailer. Both new and existing customers will receive the bonus and there is no limit on the number of friends that can be referred. 
  • Alinta Energy has a new plan that gives customers access to a year’s worth of Kayo Basic, a sports streaming service, for free. This plan carries the same rates as the other Alinta product available in this state.
  • Sumo Power offers up bill credits on its Sumo Saver plan to the total of $100. This credit is applied in instalments of $10 on every third monthly bill for the first year, then $15 every third monthly bill for the next year. 
  • In Victoria Click Energy is offering new customers entry into its ‘12 Prizes of Christmas’ competition. Customers who sign up before Christmas could win anything from a Fitbit to $1000 of free electricity. Click Energy also gives existing customers and new sign-ups alike the chance to earn a $50 credit off their own bill for signing up their friends and family.
  • Much in the same vein, QEnergy is giving a $50 referral credit to both new customers and the person who referred them, applied onto the first and next bill respectively.
  • 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 the same amount off their next bill.

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 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 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.

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 December, 2019.

  • Simply Energy currently offers RACQ members a $160 bill credit off your electricity bill on the anniversary of your supply date with its Simply RACQ plan. With Simply Plus, this drops down to a $30/year bill credit. On the Simply Movies Plus plan, customers get 4 Gold Class Event Cinemas movie tickets each year within a 24-month benefit period. 
  • Origin Energy offers new customers an extra 1% off the Reference Price on the Max Saver plan when signing up online. 
  • AGL offers those that go for the AGL Essentials Plus product a $20 credit every six months over the span of two years, as well as a $75 bill credit for signing up online to this plan. Customers on the new Essentials Saver plan can also expect to receive a $75 online sign-up credit on their first bill. Customers who switch to AGL online can also receive up to 5,000 flybuys points, regardless of the plan. 
  • Red Energy is offering new sign-ups in Queensland the opportunity to earn Qantas frequent flyer points on its Qantas Red Saver plan. For every $1 spent on their power bills, customers will earn two points in addition to the 10,000 bonus points they get for just signing up. For ongoing points customers must pay their bill on time.
  • Signing up to Alinta Energy’s new plan, the Sports Pack, will give customers a year of free access to Kayo Basic, a sports streaming service. Customers can upgrade to Kayo Premium for an extra fee.
  • Powershop is giving existing customers the chance to earn $75 credit when they refer a friend to the retailer. Both the new and existing customers will receive the bonus credit and there is no limit on the number of friends that can be referred. 
  • Similarly, QEnergy is offering a $50 referral credit to both new customers and existing referees for initiating a switch to the provider.
  • New Click Energy sign-ups for December in Queensland automatically enter a competition to win one of 12 ‘Christmas’ prizes. For more information on what you could win, visit the Click website. Those looking to sign up to Click Energy can also earn sign up credits when they join through a referral.
  • 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 the same amount off their next bill.

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.

South Australia Electricity Prices

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 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.

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 December, 2019.

  • Like in NSW, Victoria and Queensland, Simply Energy gives new South Australian customers something to think about with specific offers for RAA members. The Simply RAA product brings a staggering first anniversary credit of $150 towards your bill. Customers who sign up to the Simply Plus Low Rates plan will receive an $100 anniversary bill credit.
  • Customers who sign up to AGL in South Australia will receive up to 5,000 flybuys points over 15 months for signing up online. The AGL Essentials Plus plan also offers a bill credit of $20 every six months for two years in total and a $75 sign-up credit for joining online to this plan. Like in other states, the Essentials Saver also brings in a $75 online sign-up credit on the customer’s first bill. 
  • Origin Energy is giving its SA customers an extra 1% bonus off the Reference Price when signing up online to the Max Saver plan.
  • Lumo Energy customers can earn a $50 eGift card for signing up with a referral code. This applies to both the new sign up and the person who referred them. 
  • Red Energy is a provider offering great sign-up incentives to those who can’t resist rewards points. On the Qantas Red Saver plan, new electricity sign-ups will receive 10,000 Qantas points and an additional 5,000 for signing up for gas. You also earn points going forward when bills are paid on time.
  • Alinta Energy is offering a new plan with a subscription to Kayo Basic, a sports streaming service. This comes at no extra cost, though be aware that rates may be higher than Alinta’s other plans.
  • Powershop customers in SA can receive a $75 sign-up credit when referred through a friend. This is applied in monthly instalments for 3 months. 
  • South Australians who sign up to Click Energy in December (before Christmas) go into the draw to win one of 12 prizes up for grabs. Information as to what customers could win is listed on the Click website. Also, those sign up to Click Energy will, much like those in other states, receive a $75 total bill credit for signing up online. This is applied as $50 off the first bill and $25 after 12 months. New customers that come on board through a referral could also receive a bill credit. 
  • 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 also receive $35 off their next bill.

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. Simply Energy arguably stands out for offering plans tailored to cinema lovers, which appear to bring a tangible value add, while Powershop’s refer a friend deal 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.

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