New Electricity Deals in Australia

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Somewhere down the line, energy became complicated. More companies swamped the market with electricity plans left, right and centre, leaving us bill-payers a little overwhelmed. With more than 35 energy providers now operating across the country, how do you know which deals are worth looking into? Whether it’s the latest product from one of Australia’s biggest energy companies or a new bundled utility deal from a smaller retailer, we’ll show a list of plans that are fresh off the shelf.

New Energy Providers

Australia’s energy market is as competitive as ever, with several new providers entering the market in the last year or two. Here is a quick list of new energy providers:

New energy plans you need to know about

Almost every week, new energy plans are released to the retail market, meaning customers are constantly given more options to dwell over. While competition is welcome here at Canstar Blue, it can often lead to confusion. That’s why we’ve listed a bunch of the latest plans in our database in each state below.

New Energy Plans in NSW

Here are the cheapest new plans on our database tin NSW. This table includes 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.

New Energy Plans in VIC

Here are the cheapest new plans on our database in VIC. This table includes products from referral partners†. These costs are based on the Citipower energy 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.

New Energy Plans in QLD

Here are the cheapest new plans on our database in QLD. This table includes 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.

New Energy Plans in SA

Here are the cheapest new plans on our database in SA. This table includes 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.

Are new energy plans cheaper?

Person's finger about to press a good deals button

Generally speaking, most new electricity providers tend to enter the market with strong-value offers, but don’t just assume that all new energy deals are always the cheapest available, which is why it’s important to not overlook products which have been in market for extended periods of time. Most energy retailers will have what’s known as a ‘flagship’ offer, which usually comes with cheaper electricity prices overall when compared to their other product offerings.

When a new energy plan is launched, it’s a good idea to check out the finer details, like whether it has fixed or variable rates, along with its usage and supply charges. These factors will ultimately have the biggest impact on your power bills, so try not to be distracted by discounts or bill credits, unless you’re going to be getting good value out of them.

Is there a downside to picking a new energy provider?

It’s reasonable to suggest that picking a new energy provider comes with a greater risk than going with a more established name, because:

  • As a new provider, its sign-up process and customer service will be relatively untested;
  • You’ll also find it more difficult to source reliable online reviews if it doesn’t yet have many customers;
  • You don’t know how sustainable its business model will be and whether it’s going to change prices very often.

However, one thing you shouldn’t worry about is your new energy provider going out of business if things don’t start well. In the event that an energy company goes bust, your lights won’t be turned off and you’ll be switched to another provider.

I’m a new energy customer, what do I do?

If you’ve just moved into your first place and need to get the lights on, the first thing you’ll need to do is contact your preferred energy company. From here, you’ll need to set up a connection date and time by providing your retailer with a few details, such as your address, whether you’re moving or already living in the premises, as well as some other information. Most power companies will require some form of identification, like a driver’s licence, Medicare card or passport to set up an account.

How to find a suitable energy plan

Finding the right energy plan for your home can be puzzling at times, and it doesn’t help with so many options at your fingertips. But with a little guidance, you can narrow down your choices by identifying what features are most important to you. We’re talking about factors like the type of energy plan, base rates, sign-up incentives, GreenPower options and solar feed-in tariffs.

To browse a range of great value energy plans in your state, hit the links below.

How often should I be looking for new energy deals?

Happy boomer man looking at laptop for energy deals

You should be reviewing your energy plan after each billing cycle – monthly or quarterly – to determine whether or not your current deal is still competitive. As the market is continually flooded with new deals, reminding yourself to be watchful of energy prices will also come in handy. This way you’ll have a better idea of knowing what a good electricity rate looks like, as well as being able to recognise and see past certain marketing tactics used by power companies to get you to sign up to an average deal.

How do I find the best energy prices?

Behind every new plan’s array of details, it’s the electricity prices or rates you should be paying close attention to. The rates you pay will have the largest impact on your energy costs, regardless of the size of your home and how much power you use. To track down the newest electricity plans in your area, simply jump into our comparison tool. From here, you can browse all the information you need about a particular brand and product before making a purchase decision.

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Image credits: HStocks/Shutterstock.com, Olivier Le Moal/Shutterstock.com, Menzl Guenter/Shutterstock.com

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