Red Energy vs EnergyAustralia: Electricity Cost Comparison

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While AGL and Origin dominate much of the Australian energy market, Red Energy and EnergyAustralia are two of their biggest challengers, particularly in New South Wales and Victoria. With a healthy mix of fixed rate plans and rewarding offers available, they present a viable alternative to the two big power companies. So, how do they compare and who works out cheapest where you live?

In this report, we review the electricity offers of Red Energy and EnergyAustralia across the states they serve, and show how much their plans are likely to cost you. While the names of their plans remain fairly consistent across the country, be sure to read the specific details in your state because their details and prices can vary significantly.

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Red Energy vs EnergyAustralia – Cheapest Deals

We’ve listed the current cheapest published deals on our database for EnergyAustralia and Red Energy across Victoria, New South Wales, South Australia and Queensland, with any notable features detailed accordingly.

Victoria – quick comparison

Here are the Red Energy and EnergyAustralia plans on our database for Victoria. These costs are based on the Citipower network in Melbourne but prices will vary depending on your circumstances. Plans are listed in order of lowest price first. See here for further information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning that the VDO is $1,334/year. Use our comparison tool for a specific comparison. These are products from a referral partner†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.

Brand Features Price(estimated˜)
EnergyAustralia Logo
Energy Fact Sheet

Total Plan Home

No Conditional Discounts

Other Features:

  • Fixed rates for 12 months
7% LessThan VDO› $1,244 Go to Site
Red Energy Logo
Energy Fact Sheet

Living Energy Saver

Conditional Discounts

  • Reduces to 1% more than VDO for paying on time
11% MoreThan VDO› $1,338
incl. conditional discount
Go To Site
View all electricity plans listed on Canstar Blue

NSW – quick comparison

Here are the Red Energy and EnergyAustralia plans on our database for NSW. These costs are based on the Ausgrid network in Sydney but prices will vary depending on your circumstances. Plans are listed in order of lowest price first. See here for further information on the Reference Price, which in this comparison assumes general energy usage of 3900kWh/year, meaning that the Reference Price is $1,467/year. Use our comparison tool for a specific comparison. These are products from a referral partner†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.

Brand Features Price(estimated**)
EnergyAustralia Logo
Basic Plan Information

Total Plan Home

No Conditional Discounts

Other Features:

  • Fixed rates for 12 months
13% LessThan Reference Price^^ $1,280 Go to Site
Red Energy Logo
Basic Plan Information

Living Energy Saver

Conditional Discounts

  • 9% less than Reference Price for paying on time
1% MoreThan Reference Price^^ $1,336
incl. conditional discount
Go To Site
View all electricity plans listed on Canstar Blue

South Australia – quick comparison

Here are the Red Energy and EnergyAustralia plans on our database for South Australia. These costs are based on SA Power network in Adelaide but prices will vary depending on your circumstances. Plans are listed in order of lowest price first. See here for further information on the AER Reference Price, which in this comparison assumes general energy usage of 4000kWh/year, meaning that the Reference Price is $1,941/year. Use our comparison tool for a specific comparison. These are products from a referral partner†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.

Brand Features Price(estimated**)
Red Energy Logo
Basic Plan Information

Easy Saver

Conditional Discounts

  • 7% less than Reference Price for paying on time
3% MoreThan Reference Price^^ $1,801
incl. conditional discount
Go To Site
EnergyAustralia Logo
Basic Plan Information

No Frills

No Conditional Discounts

Other Features:

  • Fixed rates for 12 months
3% LessThan Reference Price^^ $1,876 Go to Site
View all electricity plans listed on Canstar Blue

Queensland – quick comparison

Here are the Red Energy and EnergyAustralia plans on our database for SE QLD. These costs are based on Energex network in Brisbane but prices will vary depending on your circumstances. Plans are listed in order of lowest price first. See here for further information on the Reference Price, which in this comparison assumes general energy usage of 4600kWh/year, meaning that the Reference Price is $1,570/year. Use our comparison tool for a specific comparison. These are products from a referral partner†. Our database may not cover all deals in your area, and please check retailer websites for up to date information.

Brand Features Price(estimated**)
EnergyAustralia Logo
Basic Plan Information

Total Plan Home

No Conditional Discounts

Other Features:

  • Fixed rates for 12 months
10% Less Than Reference Price^^ $1,413 Go to Site
Red Energy Logo
Basic Plan Information

Easy Saver

Conditional Discounts

  • 9% less than Reference Price for paying on time
1% MoreThan Reference Price^^ $1,428
incl. conditional discount
Go To Site
View all electricity plans listed on Canstar Blue

Victoria

Red Energy and EnergyAustralia generally have two or three market offers for customers to navigate in Victoria, as well as one default offering.

Red Energy Victoria

All of Red Energy’s plans come on no-contract terms with variable rates, meaning the amount you are charged for electricity usage or supply can change at the retailer’s discretion.

  • Living Energy Saver: This Red Energy plan offers a 10% pay on time discount off your entire bill, not just the usage charges, and has no exit fees or contract terms. This plan includes access to Red Energy’s Rewards program whereby customers get cheaper deals on a number of different goods and services with selected partners.
  • Qantas Red Saver: This plan is similar to the Living Energy Saver with a pay on time discount, but also offers a lump sum of Qantas Points for signing up instead of having access to Red Energy Rewards. Plus, you’ll earn more points just for paying bills on time.
  • Qantas Red Plus: This product allows customers to collect a greater number of Qantas Points at the expense of the 10% conditional discount.
  • Victorian Default Offer: This is Red Energy’s offer that complies with the price set by the Victorian Essential Services Commission, but doesn’t offer any value-add features.

EnergyAustralia Victoria

While EnergyAustralia’s plans have no conditional discounts, the real value comes in their usage and supply charges, as well as two of the products having fixed rates for 12 months, meaning prices won’t change during this period.

  • Total Plan Home: This plan carries an unconditional discount off both usage and supply charges for 12 months. It also has fixed rates that apply for the same benefit period.
  • No Frills: Whilst this plan doesn’t carry any discounts, it advertises low, fixed rates for a 12 month benefit period. This plan also has no exit fees or lock-in contracts.
  • Basic Home: In line with the introduction of the Victorian Default Offer, this plan offers rates that are generally equal to this set price. This plan does not come with any discounts.

Who’s cheapest in Victoria?

EnergyAustralia and Red Energy offer some competitive prices in the state of Victoria, but how do they compare head to head? We’ve reviewed the cheapest deal of each retailer to find which provides the lowest costs based on the VDO. For a more accurate quote in your area, use our free energy comparison tool.

In the table below, we show EnergyAustralia 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 $1,334/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from VDO› Conditional Discounts Price Estimate˜
EnergyAustralia Total Plan Home 7% Less Than VDO No conditional discounts $1,244
Red Energy Living Energy Saver 11% More Than VDO Reduces to 1% more than VDO for paying on time
$1,338incl. conditional discount
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 differ between distribution areas. August 2019.

In this case, EnergyAustralia edges Red Energy’s cheapest market offer in terms of price, however you may find greater value in other features of a plan, like customer service and rewards programs. See our Victorian electricity price report to see how EnergyAustralia and Red Energy compare to other retailers in the state.

New South Wales

Red Energy and EnergyAustralia offer a similar range of plans in Sydney and the rest of NSW as they do in Victoria, but with some subtle differences.

Red Energy

Red Energy offers virtually the same products in New South Wales as it does in Victoria. Once again, these products are all no-contract variable rate deals.

  • Living Energy Saver: This Red Energy plan provides a 10% discount off your entire bill when you pay on time. You can also benefit from Red Energy Rewards, with money off things like movie and theme park tickets, as well as shopping and eating out. This is a variable rate contract with an ongoing benefit period.
  • Qantas Red Saver: Customers can earn Qantas Frequent Flyer Points by signing up to this deal and paying their bills on time. Just like the Living Energy Saver, this deal comes with an ongoing benefit period and a 10% discount on the entire bill when customers pay on time. However, this plan does not have Red Energy Rewards.
  • Qantas Red Plus: This product is similar to the Qantas Red Saver, but there is no discount available, in exchange for more Qantas Points.

EnergyAustralia

EnergyAustralia shakes things up for its customers in NSW with a variable rate plan thrown into the mix alongside its two fixed rate offers.

  • Total Plan Home: This is a fixed rate plan with an unconditional discount off both usage and supply charges. The Total Plan Home has no exit fees and a benefit period of one year.
  • No Frills: This plan focuses on low rates rather than big discounts, and has no exit fees. No Frills could be a good option for customers looking to lock their rates in for 12 months.
  • Basic Home: EnergyAustralia’s Basic Home plan has no discounts and is in line with the Reference Price for NSW. It is a no lock-in contract with no exit fees.

Who’s cheapest in NSW?

So, we know about Red Energy and EnergyAustralia’s electricity plans in New South Wales, but who actually works out cheapest overall? We’ve crunched the numbers behind their cheapest plans to give you an answer.

In the table below, we show EnergyAustralia and Red 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 $1,467/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
EnergyAustralia Total Plan Home 13% Less Than Reference Price No conditional discounts $1,280
Red Energy Living Energy Saver 1% More Than Reference Price 9% less than the Reference Price for paying on time $1,336incl. 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. August 2019.

It may have no conditional discount, but EnergyAustralia’s Total Plan Home comes out cheaper in this comparison. This is a valuable lesson because sometimes the big discount plans don’t bring the big savings you might expect. You can see how these two providers compare with other energy companies in the Sydney area with our NSW cost comparison report.

South Australia

The big difference with Red Energy’s electricity plans for South Australia is that they don’t offer access to its rewards program. EnergyAustralia keeps it consistent with the same three plans as the other states, making only minor changes to discounts.

Red Energy

In the case of Red Energy, you still get the opportunity of choosing between plans with varying amounts of Qantas points.

  • Easy Saver: The Easy Saver is an open term contract that comes with a 10% pay on time discount off your entire bill. It’s a variable rate contract and you’re free to leave any time.
  • Qantas Red Saver: This product lets customers earn Qantas Frequent Flyer Points simply by paying their bills on time. Customers also earn 10,000 points just for signing up – possibly enough to cover a short trip. This deal, like the Easy Saver, also includes a 10% discount.
  • Qantas Red Plus: Customers on this product earn substantially more Frequent Flyer Points than customers on the Qantas Red Saver, but there is no discount.

EnergyAustralia

EnergyAustralia offers the same plans as it does in New South Wales and Victoria, providing some choice for households in South Australia.

  • Total Plan Home: The Total Plan Home carries fixed rates that apply to a 12 month benefit period. It also has a guaranteed discount off usage and supply charges.
  • No Frills: Rather than having any conditional or unconditional discount, this EnergyAustralia plan simply has low rates. On top of that, rates are fixed for a 12 month benefit period.
  • Basic Home: The Basic Home plan is EnergyAustralia’s plan that carries the same rates as the Reference Price in SA. It has no exit fees and is a no lock-in contract.

Who’s cheapest in South Australia?

Let’s compare the best plans from Red Energy and EnergyAustralia to work out which offers the cheapest electricity costs in South Australia. EnergyAustralia’s cheapest product is the No Frills with no conditional discounts, compared to Red Energy’s Easy Saver plan with 10% discount when you pay on time. But which works out cheaper overall?

In the table below, we show EnergyAustralia and Red 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 $1,941/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
Red Energy Easy Saver 3% More Than Reference Price 7% less than the Reference Price for paying on time $1,801incl. conditional discount
EnergyAustralia No Frills 3% Less Than Reference Price No conditional discounts $1,876
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. August 2019.

Red Energy is the cheaper of the two retailers compared here, however, the difference is pretty small. This means finding the better deal will require you to do some homework and understand what factors – other than price – are important to you. Find out how these two energy providers compare to others in SA with our cost comparison report.

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Queensland

Red Energy expanded its retail service to South East Queensland at the start of 2017, adding to the state’s growing pool of electricity retailers. EnergyAustralia already has a strong market share in the Sunshine State, offering the same three plans from each of the other states.

Red Energy

Red Energy has brought its Qantas products to the table in Queensland, in addition to its basic discounted offer. But you won’t get access to Red Energy Rewards.

  • Easy Saver: This is a variable rate plan with no contract term. While Queensland customers won’t have access to Red Energy’s rewards program, they do receive the 10% pay on time discount off their entire bill.
  • Qantas Red Saver: This product is practically identical to the Easy Saver, however, customers on the Qantas Red Saver can earn Frequent Flyer Points simply by paying their bills on time.
  • Qantas Red Plus: Similar to the Qantas Red Saver, this deal lets Red Energy customers earn Frequent Flyer Points. The difference is that there is no conditional discount in exchange for more points.

EnergyAustralia

Once again, EnergyAustralia offers two fixed rate plans with one-year benefit periods, as well as its ‘basic’ offer in Queensland.

  • Total Plan Home: This product has fixed rates and an unconditional discount, both only applying to a one year benefit period.
  • No Frills: For those looking for a simpler plan, No Frills comes with no discount, instead opting to carry reasonable rates. These are fixed for one year.
  • Basic Home: In Queensland, the Basic Home plan matches up with the Reference Price set by the AER. Customers who do not shop around for a better deal will be shifted onto this plan, which is the max you can pay with EnergyAustralia.

Who’s cheapest in Queensland?

Red Energy is a newcomer to the Queensland electricity market, so how does its Easy Saver product stack up against EnergyAustralia’s Total Plan Home as the two cheapest options from these retailers? Once again we have calculated the average annual cost of a household signed up to each of these plans.

In the table below, we show EnergyAustralia and Red 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 $1,570/year. Use our comparison tool for a specific comparison in your area.

Electricity Provider Electricity Plan Difference from Reference Price^ Conditional Discounts Price Estimate*
EnergyAustralia Total Plan Home 10% Less than Reference Price No conditional discounts $1,413
Red Energy Easy Saver 1% More Than Reference Price 9% less than the Reference Price for paying on time $1,428
Basic Plan Information Documents

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

Our calculations suggest that EnergyAustralia is currently cheaper than Red Energy in Queensland – but only by a hair. Perhaps more value could be found in rewards programs or value incentives? To see how these two retailers compare to others in the state, check out our cost comparison report.

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Should I sign up to EnergyAustralia or Red Energy?

Like all energy providers, Red Energy and EnergyAustralia are desperate for your custom. But to find out if you’re really getting a good deal, we suggest drilling down further into their respective electricity price fact sheets for specific information about usage and supply charges. It’s also worth checking how they are rated by customers in your state, which you can do via the link below.

If you have been with your existing energy provider for two years or more, you are very likely paying more than you need to. To get the best deals on electricity, you need to be willing to switch providers every year or two, taking advantage of new highly discounted offers. The retailers want new customers and this is how they attract them. These will give you the maximum savings, but it will require a little work on your part.

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