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.

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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 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. 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 Energy and Powershop 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. 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 Energy and Powershop on our database for SE 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. 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 Energy and Powershop 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. 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

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 in the form of bill credits, and has launched a loyalty program called AGL Rewards to benefit its customers. You can earn collect flybuys points with AGL, with up to 5,000 points over 15 months up for grabs when you sign up online.

AGL Products

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

  • Essentials Saver: This is a variable rate plan that comes with a $75 bill credit when signing up online. Customers may also receive up to 5,000 flybuys points over 15 months when joining online.
  • Essentials: AGL Essentials is a no discount, fixed rate plan that gives customers locked in usage and supply charges for 12 months. Those who sign up to this plan online will also get up to 5,000 flybuys points over 15 months. Customers may also receive a credit off their first bill, but this may not always be available. This plan is currently only available in Victoria.
  • Essentials Plus: Essentials Plus sign-ups will have fixed rates for two years rather than just 12 months. On this plan, customers will receive $20 credit every six months for the two-year benefit period as well as a $75 bill credit for signing up online. Also for signing up online, customers can also expect to receive up to 5,000 flybuys points over 15 months. This plan is in NSW, QLD and SA.

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: 8.6c/kWh
  • New South Wales: 10.2c/kWh
  • Victoria: 12c/kWh
  • South Australia: 14.2c/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 a smaller energy 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.

Powershop Products

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.

  • Shopper Market Offer: This plan is the standard plan offered by Powershop that doesn’t have any conditional discounts. It allows customers to purchase Powerpacks, though if customers run out of Powerpacks they’ll default to the Shopper Market Offer rates. The Power Saver is one of two regularly available packs for purchase, offering a modest amount off the Reference Price/VDO. This pack providers customers with enough energy for a month, at which point it’s required to log in again and purchase another pack. Much like the Power Saver, the Mega Pack gives consumers the opportunity to buy their power ahead of time, this time, three months in advance. In exchange, you’ll receive a larger amount off, which varies depending on what state you’re in.
  • Powershop Lite: For those not fussed with the maintenance of the above Powerpacks, Powershop is offering a plan that sees customers paying in regularly billing cycles rather than ahead of time. This plan works out slightly more expensive for the convenience.

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: 9.5c/kWh
  • New South Wales: 10.2c/kWh
  • Victoria: 12c/kWh
  • South Australia: 10.2c/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?

In Victoria, it’s a battle of a big discount versus a no-discount plan, in this case the Powershop Shopper Market Offer with Mega Pack versus AGL’s Essentials Saver. Which comes out cheapest?

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 $1,334/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from VDO› Conditional Discounts Price Estimate˜
Powershop Shopper Market Offer 17% More Than VDO Reduces to 10% less than VDO for purchasing the Mega Pack $1,199Incl. conditional discount
AGL Essentials Saver 10% Less than VDO No conditional discounts $1,200
Energy Fact Sheets

~Price assumes general energy usage of 4000kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Citipower network in Melbourne, but prices will differ between distribution areas. October 2019.

As is evident, Powershop’s Shopper Market Offer, with its conditional discount, works out ever so slightly cheaper than AGL’s fixed rate plan, but only by a dollar. These calculations are based on the assumption that customers will continue to purchase Shopper Market Offer with Mega Pack every quarter to avoid paying higher usage and supply rates. See how these plans compare to other Victoria electricity retailers in our price comparison report.

Who’s cheapest in NSW?

In NSW, we’ve again got the ‘big three’ retailer’s plan going up against Powershop’s Shopper Market Offer with Mega Pack. Where can you find the cheapest rates?

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 $1,467/year. 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 Saver 12% Less Than Reference Price $75 bill credit for online sign-up
$1,213Incl. conditional discount
Powershop Shopper Market Offer Equal to Reference Price Reduces to 15% less than Reference Price for purchasing the Mega Pack $1,247Incl. conditional discount
Basic Plan Information Documents

*Price assumes general energy usage of 3900kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on Ausgrid network in Sydney, but prices differ between distribution areas. October 2019.

In this state AGL’s Essentials Saver plan comes out on top over 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.

Who’s cheapest in QLD?

To find the cheapest retailer in Queensland, we’ve compared the cheapest offers from both Powershop and AGL. Currently, that means it’s the Shopper Market Offer from Powershop up against AGL’s Essentials Saver.

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 $1,570/year. 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 Saver 11% Less Than Reference Price $75 bill credit for online sign-up
$1,318Incl. conditional discount
Powershop Shopper Market Offer 1% Less Than Reference Price Reduces to 16% less than the Reference Price for purchasing the Mega Pack $1,322Incl. conditional discount
Basic Plan Information Documents

*Price assumes general energy usage of 4600Wh/year. Estimated price includes any conditional discounts that may be available. Pricing based on Energex network in Brisbane, but prices will differ between distribution areas. October 2019.

In the Sunshine State, AGL’s Essentials Saver works out marginally cheaper than the Shopper Market Offer with Mega Pack. 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.

Who’s cheapest in SA?

In order to find the cheapest retailer in South Australia, our energy database has crunched the numbers on how much a household in Adelaide would pay on the cheapest plans from Powershop and AGL.

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 $1,941/year. 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 Equal to Reference Price Reduces to 15% less than Reference Price for purchasing the Mega Pack $1,648Incl. conditional discount
AGL Essentials Saver 10% Less Than Reference Price $75 bill credit for online sign-up
$1,663Incl. conditional discount
Basic Plan Information Documents

*Price assumes general energy usage of 4000kWh/year. Estimated price includes any conditions discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. October 2019.

In this state, we see that South Australians stand to save a small amount by switching to Powershop’s Shopper Market Offer from AGL Essentials Saver. But keep in mind that in order to receive the discount offered by Powershop, you’ll need to be proactive in purchasing packs. For more offers available in SA, head to our electricity cost comparison report.

Which retailer offers better value overall?

From what we can see, Powershop and AGL both offer reasonably value in the states they serve.

AGL provides what it refers to as ‘simplified energy’ with its no-discount, bill credit laden 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, the Powershop Mega Pack 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 25+ providers in your area (depending on where you live), no contact details required.

Image credits: Eakwiphan Smitabhindhu/shutterstock.com

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