Powershop vs Origin: Electricity Cost Comparison

It’s a David versus Goliath battle – Australia’s biggest energy retailer taking on the new, loudmouth upstart that seems to enjoy poking fun at the old, boring incumbents. We’re talking, of course, about Origin Energy and Powershop. When it comes to electricity providers, they are quite literally poles apart. But who offers the cheapest prices and the best overall value for your money? In this review, we compare electricity prices from Origin and Powershop to help you make a more informed decision about your power supply.

Before we go into detail about their electricity plans in Victoria, New South Wales, Queensland and South Australia, let’s first set the scene by providing a little background information on both retailers and a quick price comparison of their cheapest products.

Origin vs Powershop – Cheapest Deals

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

Origin Energy

Origin is one of Australia’s biggest energy companies with millions of customers across the country and a wealth of both fossil fuel and renewable energy generation assets. Along with AGL and EnergyAustralia, Origin is currently ranked one of Australia’s ‘dirty three’ energy companies and is involved in the exploration of coal seam gas – the extraction of which is commonly known as ‘fracking’. However, Origin is also one of the biggest retailers when it comes to household solar, offering panel and storage system installation along with competitive feed-in tariff rates.

In most areas, Origin’s cheapest deal is its Everyday Rewards offering, which as the name suggests, gives members access to 5,000 Everyday Rewards points for signing up. It would appear that making life a little easier for Origin in this regard is enough to earn cheaper prices. But whether or not it’s right for retailers to only make their best deals available in this manner is a matter of opinion.

Powershop

Powershop is an export of New Zealand, where it enjoys a far bigger market share than it does in Australia. However, since moving across the ditch, the company has been making a big impression. It routinely performs well in our customer satisfaction ratings for electricity providers in Victoria. Via its parent company, Meridian Energy, Powershop owns only renewable energy assets and has an emissions intensity of zero, with all customers said to be carbon neutral. It also has the highest percentage of GreenPower customers of any retailer in the country.

Powershop also has a strong focus on online energy management tools, utilising smart meters to provide helpful usage information to customers via its online portal and smartphone app.

Now you know the basics about Origin and Powershop, let’s dive into the facts and see which company has the cheapest prices in your state.

What plans do Origin and Powershop offer?

Origin offers customers four main offers, with one offering sign-up incentives in the form of Everyday Rewards points.

  • Go: This is Origin’s flagship product. It comes with decent savings off the Reference Price/VDO, and fixed rates for 12 months. The Everyday Rewards variant of this plan comes with 5,000 Everyday Rewards points for members. In Victoria, it also offers customers a small credit off their bill when signing up.
  • Go Variable: The Go Variable is much like the plan above in that it offers an amount off the default price, though comes with variable rates. Go Variable has a 12-month benefit period.
  • Home Support: With this plan, you’ll get a 12-month Emergency Home Assistance Program membership from Allianz Global Assistance.
  • Basic: This is a basic electricity plan with no exit fees, contract term or discounts. The rates on this plan are in line with default pricing.

As we discussed, Powershop is a little different from most other retailers. While there is a plethora of promotional and future packs available from time, Powershop’s flagship product is now the 100% Carbon Neutral plan.

  • 100% Carbon Neutral: The 100% Carbon Neutral is a variable rate plan available to customers. It does not have a discount but it does allow customers to log in and purchase special Powerpacks with discounts. If customers choose not to purchase these Powerpacks, then usage is billed monthly and is 100% carbon offset at no extra cost.
  • Standing/Default Offer: This product is a basic electricity plan with rates in line with the default prices in each state.

Who’s cheapest in Victoria?

In the table below, we show Origin Energy 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˜
Origin Energy Everyday Rewards 12% Less Than VDO No conditional discounts $1,119
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. July 2021.

In this comparison, Origin’s no-discount plan comes out cheaper than Powershop’s. See how these costs compare to those from other electricity retailers in Melbourne with our price comparison report.

Who’s cheapest in New South Wales?

In the table below, we show Origin Energy 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 $1,393/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 100% Carbon Neutral 18% Less Than Reference Price No conditional discounts $1,140
Origin Energy Everyday Rewards 18% Less Than Reference Price No conditional discounts $1,142
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. July 2021.

Powershop comes out  marginally on top this time, thanks to its slightly lower base rates. Find out how Powershop and Origin compare to other electricity providers in New South Wales with our cost comparison review.

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Who’s cheapest in Queensland?

In the table below, we show Origin Energy 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 $1,455/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
$1,251
Powershop 100% Carbon Neutral 12% Less Than Reference Price No conditional discounts $1,282
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. July 2021.

Origin is the cheaper of the two retailers in SE QLD but there is very little in it. Also, keep in mind that Powershop regularly runs promotional packs, meaning proactive customers could stand to save more on electricity by checking the website for offers. See how Origin and Powershop compare to other retailers in our price comparison report for SE QLD.

Who’s cheapest in South Australia?

In the table below, we show Origin Energy 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 $1,716/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 100% Carbon Neutral 15% Less Than Reference Price No conditional discounts $1,459
Origin Energy Everyday Rewards 14% Less Than Reference Price No conditional discounts $1,476
Basic Plan Information Documents

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

Powershop comes out on top in this South Australia comparison. What’s more is that Powershop also runs short-term promotions which will benefit customers who regularly check back to ensure that they’re getting a good deal. See how Origin and Powershop compare to other providers in our price comparison report for SA.

Which energy retailer is the best choice?

Origin and Powershop offer two very different energy retail propositions. Some customers might feel more comfortable with the familiar Origin brand name and its traditional approach to electricity supply. Others may be drawn to Powershop’s new tech-savvy take on electricity in the hope they can snag a great bargain.

Ultimately the choice is yours. If you have a comfortable understanding of electricity, then Powershop may provide good value. If you would instead rather keep engagement with your retailer to an absolute minimum, then Origin Energy might be more your style.

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. 

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