Powershop vs AGL: Electricity Cost Comparison

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When you’ve got two retailers that are worlds apart, it may be hard to decipher which is the right one for you. We’re taking energy giant AGL and new-kid-on-the-block Powershop for a spin to find out which provider is offering the cheapest prices and best value where you live. We’ll also dive into other plans offered by AGL and Powershop, as well as the added benefits you could receive by signing up.

Since both providers are offering plans in NSW, VIC, QLD and SA, we’ve broken it down by state to get a better idea of which provider is the cheapest where you live. Let’s start with a quick breakdown of their current cheapest plans on our database.

AGL vs Powershop – Cheapest Deals

Victoria – quick comparison

Here are the cheapest published deals for AGL and Powershop on our database for Victoria. This table includes 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.

NSW – quick comparison

Here are the cheapest published deals for AGL and Powershop on our database for 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.

Queensland – quick comparison

Here are the cheapest published deals for AGL and Powershop on our database for SE 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.

South Australia – quick comparison

Here are the cheapest published deals for AGL and Powershop on our database for 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.

AGL Energy

AGL is one of Australia’s ‘big three’ energy companies. Having been around for over a century, the provider is currently serving millions of Aussies in the National Electricity Market. It offers a range of plans, some with variable rates, while others are locked in. The retailer is known for offering sign-up incentives, and has launched a loyalty program called AGL Rewards to benefit its customers.

AGL Plans

In NSW, QLD, VIC and SA, AGL is currently advertising two main plans. All plans provide access to AGL Rewards.

  • Essentials Plus: Available in NSW, Victoria and QLD, Essentials Plus is a fixed rate plan with a small credit that’s applied every quarter to bills for two years.
  • Basics: A variable rate plan offering customers in NSW, VIC and QLD the same quarterly bill credit, but for one year instead of two.
  • Essentials Saver: This is a variable rate plan with no exit fees or lock-in contracts. This deal is only available in SA.
  • Essentials: AGL Essentials is a no discount, fixed rate plan that gives customers locked in usage and supply charges for 12 months. Essentials is only on offer to SA customers.

AGL Solar

AGL’s regular products carry sometimes generous feed-in tariffs, depending on the state you’re in. Here’s what you can expect from all of its non-solar specific products:

  • Queensland: 6c/kWh
  • New South Wales: 7c/kWh
  • Victoria: 10.2c/kWh
  • South Australia: 8c/kWh

See how these prices stack up against feed-in tariffs by other retailers in our solar providers comparison report. While AGL does have a specific solar offering called AGL Solar Savers, it seems this deal is not always made publicly available. AGL is also one of few retailers to have a specific energy plan for seniors.

Powershop

Powershop is an up and coming retailer offering electricity and natural gas to customers in NSW, VIC, QLD, and most recently, South Australia. It has been named Australia’s ‘greenest energy company’ in Greenpeace’s Green Electricity Guide for its commitment to carbon offsetting its customers’ usage, as well as due to it being owned by Meridian Energy, which owns renewable electricity generation assets. Its plans are different to most other retailers, whereby consumers pay for ‘Powerpacks’ ahead of time, where usage is then tracked using smart meters. However, this is not the case in Victoria as of late, with a new plan that’s billed monthly in a traditional post-paid way.

Powershop Plans

Here are the plans and Powerpacks regularly on offer at Powershop. It’s worth mentioning that twice a month (or more), the retailer has various special offers available to customers that aren’t mentioned here because of their varying discount amounts.

  • 100% Carbon Neutral: This plan is the new standard plan offered by Powershop that doesn’t offer any conditional discounts. As the name suggests, this plan carbon offsets all usage at no extra cost and comes with variable rates.
  • Mega Packs: The Shopper Market Offer is packed with great value to those customers who like to buy their power in bulk. Each Mega Pack gets you three months’ worth of power with a larger discount than the Power Saver Pack.
  • Power Saver Packs: The Power Saver Pack is one of Powershop’s most popular products and is available to buy at any time. It provides competitive rates and a discount on your entire energy bill, so it’s always useful to add a Power Saver Pack to your cart when shopping for energy.

Powershop Solar

Whilst Powershop doesn’t have any packs specifically catered to solar customers, it does offer feed-in tariffs on all of its products:

  • Queensland: 6c/kWh
  • New South Wales: 7c/kWh
  • Victoria: 10.2c/kWh
  • South Australia: 7.5c/kWh

What’s good about this retailer is that through its mobile app, you can monitor your electricity usage and check on how your solar panels are performing – and how much electricity you’re exporting.

Who’s cheapest in Victoria?

As it stands below, Powershop works out slightly more expensive than AGL’s Essentials Plus. See how these plans compare to other Victoria electricity retailers in our price comparison report.

In the table below, we show AGL and Powershop 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˜
AGL Essentials Plus 13% Less than VDO No conditional discounts $1,101
Powershop 100% Carbon Neutral 8% Less than VDO No conditional discounts $1,168
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 will differ between distribution areas. April 2021.

Who’s cheapest in NSW?

In NSW, AGL’s Essentials Plus plan  works out cheaper than Powershop’s discounted plan. If you’re curious as to how AGL and Powershop perform up against other electricity providers in New South Wales, head to our state cost comparison report.

In the table below, we show AGL and Powershop 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*
AGL Essentials Plus 23% Less Than Reference Price No conditional discounts $1,131
Powershop Shopper Market Offer 14% Less Than Reference Price Reduces to 20% less than Reference Price for purchasing the Mega Pack $1,175Incl. conditional discount
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. April 2021.

Who’s cheapest in QLD?

In the Sunshine State, AGL works out a little cheaper than Powershop. Remember that these aren’t the only plans available in QLD, and if you’re interested in seeing how these do in comparison to other offerings, head to our SE QLD price comparison report.

In the table below, we show AGL and Powershop 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*
AGL Essentials Plus 21% Less Than Reference Price No conditional discounts
$1,187
Powershop Shopper Market Offer 9% Less Than Reference Price Reduces to 15% less than the Reference Price for purchasing the Mega Pack $1,285Incl. conditional discount
Basic Plan Information Documents

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

Who’s cheapest in SA?

In this state, we see that South Australians stand to save a decent amount by switching to Powershop’s Shopper Market Offer from AGL’s Essentials. For more offers available in SA, head to our electricity cost comparison report.

In the table below, we show AGL and Powershop 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*
Powershop Shopper Market Offer  13% Less Than Reference Price Reduces to 18% less than Reference Price for purchasing the Mega Pack $1,497Incl. conditional discount
AGL Essentials 13% Less Than Reference Price No conditional discounts
$1,594
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. April 2021.

Which retailer offers better value overall?

From what we can see, Powershop and AGL both offer reasonable value in the states they serve. AGL provides what it refers to as ‘simplified energy’ with its no-discount offers. Going with AGL might work out more appealing if you feel better being with a well-known brand. If, however, you’re willing to put in a touch more effort, then Powershop could be right for you. Before committing to the provider, strongly consider whether you’ll be proactive enough to actually purchase the pack in order to receive the discount, or you could end up paying much more for Powershop’s default rates.

In this case, as the difference in price is often marginal, it really boils down to your personal preference, in both provider values and how you’d like to pay for your power. But remember, your options aren’t limited to these two – clicking the image below will take you to our page where you can compare prices from as many as 30+ providers in your area (depending on where you live), no contact details required.

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. 

Image credits: Eakwiphan Smitabhindhu/shutterstock.com

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