Energy Price Changes: Origin just got a little cheaper

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Origin Energy has revealed a modest reduction in electricity and gas prices in most areas from July 1.

At a time when energy providers adjust their rates across New South Wales, Queensland, South Australia and the ACT, Origin has moved to keep pace with the cheapest deals in market by reducing electricity prices by up to 5%, with a similar drop in gas prices in some areas.

It means the energy giant remains competitive across the country, although with wholesale electricity costs generally on the way down, other providers have reduced prices more significantly.

Origin’s Executive General Manager Retail, Jon Briskin, said: “We’ve seen increased pressure on household budgets with the economic impacts of COVID-19 and higher electricity use with people at home more, so we are pleased to be able to provide some relief to customers through lower energy prices.

“Price reductions differ by location, with customers across Queensland and South Australia seeing average reductions in their electricity prices in the range of four to five per cent. Across New South Wales, where electricity network costs have risen by approximately two to three per cent for residential customers, Origin will absorb some of these additional costs so that most NSW customers do not receive an increase.”

Existing Origin customers should contact the company to check the price reductions automatically apply to them.

Origin Energy Prices

Here are the Origin 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 are the Origin Energy plans on our database for Victoria. 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 are the Origin 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 are the Origin Energy plans on our database for South Australia. 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.

Time to take advantage of energy competition

The wholesale cost of electricity has reduced notably in recent months, leading to a period of intense price competition from several providers. That’s why Canstar Blue Editor-in-Chief Simon Downes said there has never been a better time to take advantage and reduce bills.

“We’re currently seeing the kind of price competition that everyone hoped for when the markets were first deregulated, so households must now take the time to compare their options and find a better deal,” he said.

“There are two types of energy providers now – those cutting their prices to attract new customers given the current market conditions, and those keeping prices high in the hope customers don’t notice. That’s why you need to review your current plan and see if you could do better.

“Origin is still price-competitive and seen as a safe pair of hands for consumers who prefer to stick to the big power companies. Just make sure you’re on Origin’s best deal. However, greater savings may be possible if you consider switching to one of the smaller players.”

Electricity Prices Compared

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. 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 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 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. 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. 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.

Image credit: Visual Generation/Shutterstock.com

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