Origin vs Red Energy: Electricity Plan Comparison

Origin Energy is Australia’s largest electricity retailer, with more than four million customers nationwide. But is bigger always better? Red Energy is a far smaller retailer, yet has been making waves in recent years across Victoria, South Australia, New South Wales, and now Queensland.

Canstar Blue has reviewed the plans and prices of Origin Energy and Red Energy to see which offers the best deal and cheapest rates where you live. We’ll review each of their plans and provide estimated annual costs for households in Sydney, Melbourne, Adelaide and Brisbane, who sign up to the cheapest products Origin and Red Energy have on offer.

While the names of these plans are similar throughout Australia, their prices, terms and discounts can vary considerably across networks and states. Be sure to thoroughly read their energy price fact sheets to find the specific details of what’s on offer in your area. You can also see a specific quote for your area by using our energy comparison tool.

Origin vs Red Energy – Cheapest Deals

Here are the current cheapest published deals on our database for Origin and Red Energy across Victoria, New South Wales, South Australia and Queensland, with any conditional discounts factored in.

Victoria – quick comparison

Here are the cheapest published deals for Origin and Red on our database for Victoria. This table includes a product 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.

NSW – quick comparison

Here are the cheapest published deals for Origin and Red on our database for NSW. This table includes a product 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.

South Australia – quick comparison

Here are the cheapest published deals for Origin and Red on our database for SA. This table includes a product 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.

Queensland – quick comparison

Here are the cheapest published deals for Origin and Red on our database for QLD. This table includes a product 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.

What plans do Origin and Red Energy offer?

Origin Energy has a few offers available to customers across New South Wales, Victoria, south east Queensland and South Australia – Everyday Rewards, Go, Go Variable, Home Support and Basic. While most market offers include variable rates, Origin also has a couple of plans with fixed rates.

  • Go: This plan promises low, fixed electricity rates for 12 months. There’s no lock-in contract or exit fees. The Everyday Rewards variant of this plan gives customers a bonus 10,000 Woolworths Everyday Rewards points and comes with 25% GreenPower. Bonus points only valid until June 30 2021. This deal currently comes with a small sign-up credit in VIC.
  • Go Variable: The Go Variable plan comes with variable rates and a 12-month benefit period.
  • Home Support: This plan has rates equal with the Reference Price/VDO but offers additional value with a Emergency Home Assistance Program membership provided by Allianz Global Assistance.
  • Solar Boost: This plan is for eligible Origin solar customers who are looking for a higher feed-in tariff.
  • Basic: This is Origin’s bare-bones plan that offers no discounts but aligns with the VDO.

Meanwhile, Red Energy has three main electricity market offers for households: the Living Energy Saver, Qantas Red Saver and the BCNA Saver. Red Energy also has a default offer available.

  • Living Energy Saver: This is a no term, variable rate contract. Red Energy says its deals have competitive solar rebates and flexible billing options, meaning you can still get your bills by post if you want. Customers will also have access to Red Energy Rewards which gives you more than 3,500 worth of discounts and offers.
  • Qantas Red Saver: This plan has the same rates ss Red Energy’s Living Energy Saver. The difference is that customers on the Qantas Red Saver can earn Qantas Frequent Flyer Points just by signing up and paying their bills on time (2 Qantas points per $1). It also has flexible billing, no exit fees and no contract period.
  • BCNA Saver: On this plan Red Energy will donate $5 a month to Breast Cancer Network Australia. This plan is only available if you call Red’s phone line.
  • Red Taronga Saver: This is Red Energy’s exclusive offer to NSW residents, which gives customers a 12-month pass to Taronga Zoo for one adult and two kids.

Who’s cheapest in Victoria?

In the table below, we show Origin and Red Energy prices on the Citipower network in Melbourne. Plans are listed from the lowest priced estimate first. See here for information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning the VDO is $1,270/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from VDO› Conditional Discounts Price Estimate˜
Origin Energy Everyday Rewards 12% Less Than VDO No conditional discounts $1,119
Red Energy Living Energy Saver 1% Less Than VDO No conditional discounts $1,257
Energy Fact Sheets

˜Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Citipower network in Melbourne, but prices differ between distribution areas. May 2021.

Sometimes it all comes down to the usage and supply charges which make up an energy deal. In this case, we see Origin outmatches Red Energy in price. Find out how Origin and Red Energy compare to other electricity providers in Victoria with our cost comparison report.

Who’s cheapest in New South Wales?

In the table below, we show Red Energy and Origin Energy prices on the Ausgrid network in Sydney. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 3900kWh/year, meaning the Reference Price is $1,462/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Origin Energy Everyday Rewards 18% Less Than Reference Price No conditional discounts $1,199
Red Energy Living Energy Saver 15% Less Than Reference Price No conditional discounts $1,240
Basic Plan Information Documents

*Price assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Ausgrid network in Sydney, but prices differ between distribution areas. May 2021.

In price alone, Origin works out cheaper, but Red Energy packs plenty of value, particularly with its generous Qantas points and rewards program. See how Red Energy and Origin compare to other retailers in NSW with our comparison of costs for the state.

Who’s cheapest in South Australia?

In the table below, we show Red Energy and Origin Energy prices on the SA Power network in Adelaide. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4000kWh/year, meaning the Reference Price is $1,832/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Origin Energy Everyday Rewards 14% Less Than Reference Price No conditional discounts $1,575
Red Energy Living Energy Saver Equal To Reference Price No conditional discounts $1,828
Basic Plan Information Documents

*Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. May 2021.

This time we see that the plan with an unconditional discount is cheaper overall, with Origin charging much less than Red Energy in SA according to our latest comparison. Compare these two retailers to several others in Adelaide with our latest cost comparison report.

Who’s cheapest in Queensland?

In the table below, we show Red Energy and Origin Energy prices on the Energex network in Brisbane. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning the Reference Price is $1,508/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Origin Energy Everyday Rewards 17% Less Than Reference Price No conditional discounts $1,252
Red Energy Living Energy Saver 7% Less Than Reference Price No conditional discounts $1,410
Basic Plan Information Documents

*Price assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditions discounts that may be available. Pricing based on Energex network in Brisbane, but prices differ between distribution areas. May 2021.

There is quite a margin between the two companies in SE Queensland, and Origin Energy comes out cheaper than Red Energy. Remember to use our cost comparison report for Queensland to find out how these two stack up to several other providers.

You may also be interested in:

How to find the best energy deal

Origin and Red Energy are both viable retailers with competitive rates and generally reliable service. However, in this comparison, Origin Energy seems to come out on top for price across the board.

While Origin will be the cheaper option for some, Red Energy may be cheaper for others, that’s why it’s important to compare a wide range of plans and consider what might suit your situation best. If you have solar panels, for example, it may be the case that Origin and its Solar Boost deals give you good value. Also, don’t forget about Red Energy’s Qantas Frequent Flyer plans, offering great value for customers who do their fair share of travelling.

Overall there is a lot to consider with Origin and Red Energy. We hope you find this review helpful. Remember, no matter which provider you’re with, it’s always worth looking at the market and seeing if there is a better offer out there for you. If you’ve been with the same provider for more than two years, you are almost certainly paying too much.

This comparison is based on a very specific household, with usage figures and postcodes detailed above. Any annual cost estimates should be considered indicative only and not an actual quote. Please use our comparison tool for information catered to your location and electricity usage estimates. 

Compare Solar Power Providers

Share this article

Advertisement
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]
[a-zA-Zbs]