AGL vs EnergyAustralia: Electricity cost comparison

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For years the Australian electricity market was dominated by just two major providers, Origin Energy and AGL. Only in the past decade have we seen new retailers emerge and slowly chip away at their market share. One retailer in particular has asserted itself as the third major player – that’s EnergyAustralia.

AGL and EnergyAustralia battle it out across the four major states, with both using their size to offer competitive value. So which retailer is cheapest where you live – the incumbent or the challenger? In this report, we compare the two companies and how much you their plans might cost you across Victoria, New South Wales, South Australia and Queensland.

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Victoria

AGL and EnergyAustralia both offer three plans to Victorian residents with varying rates and discounts depending on your electricity distributor. EnergyAustralia’s three plans are the Flexi Saver, Anytime Saver and Secure Saver plans. The first two are variable rate open contracts, while the third is a two-year fixed rate contract.

  • Flexi Saver: This is a variable rate plan with a one year benefit period that gives customers a 25% discount off usage charges when the bill is paid on time. While there is a 12 month benefit period, the contract is going with no exit fees.
  • Anytime Saver: This plan has a bigger usage rate discount than the Flexi Saver, offering 34%. This discount also applies regardless of whether your bills are received by email or paid on time, making it a good option for those customers who sometimes fall behind on their bills. Like the Flexi Saver, there are no exit fees and it has a benefit period of one year.
  • Secure Saver: This plan freezes your rates, so what you’re charged will not unexpectedly increase within the next two years. The downside is that it has a lock-in contract with an exit fee if you leave in the first or second year of the contract. Unlike most fixed plans out there, there are discounts available on this plan. In this case, 30% off for paying your bills on time for two years.

AGL’s electricity plans in Victoria are named Everyday, Savers and Set and Forget. AGL provides flexible billing options on most plans and eligible customers who sign up online will receive $50 credit towards their first bill.

  • AGL Everyday: This is a variable rate plan with a benefit period of one year. Customers on this plan receive a guaranteed 13% discount off both usage and supply charges, rather than just part of the bill.
  • AGL Savers: Similar to the first AGL plan, this is a one year deal which applies a variable electricity rate. AGL Savers comes with a discount of 30% off usage charges when customers pay their bills on time.
  • AGL Set and Forget: This is AGL’s biggest discount offer in Victoria, bringing 34% off usage charges for customers who pay their bills by direct debit. Like the Savers deal above, it is a variable rate offer with 12 month benefit period.
  • AGL Essentials: This plan comes with fixed usage and supply rates for 12 months. There is no conditional discount and no exit fees.

Who is cheapest in Victoria?

When comparing which provider is cheapest in Melbourne, we compare the cheapest products from each retailer. The cheapest deal with EnergAustralia is currently its Secure Saver which comes with a whopping 30% discount. AGL’s cheapest product is the ‘Essentials’ deal, which comes with no conditional discount. The costs displayed in the following table are based on an average five person household once discounts have been applied. For a specific quote in your area, use our energy comparison tool above.

State Provider^ Plan Discount Annual cost*
Victoria EnergyAustralia Secure Saver 30% $2,201.30
Victoria AGL Essentials 0% $2,233.83

*Costs based on annual usage calculation using consumption figures from the AER for a five person household on the Citipower network in Melbourne.

^By clicking on a brand name, you may leave Canstar Blue and be taken to a referral partner to compare. You agree that Canstar Blue’s terms and conditions apply to this referral. If you click on a brand that is not a referral partner, you will be taken to a brand page on Canstar Blue.

The Essentials plan from AGL works out slightly more expensive compared with EnergyAustralia’s Secure Saver in Victoria. The bigger discount doesn’t always mean the cheapest price, but in this case EA just edges ahead. It also has locked in rates for two years, which could prove to be a good deal. To see how these two electricity providers compare to the rest of the market, check out our Cost Comparison Report for Victoria.

New South Wales

AGL and EnergyAustralia each have three plans on offer for Sydney and New South Wales customers. The contract terms are similar to those in Victoria, though rates vary and conditional discounts are smaller. Here is how EnergyAustralia lines up:

  • Flexi Saver: This is an open term variable rate plan with a one year benefit that includes a discount up to 20% off usage rates for customers who pay their bills on time.
  • Anytime Saver: This is a simple plan that applies a 26% discount guaranteed. It’s the safest bet if you’re not sure you can always pay your bills on time.
  • Secure Saver: This is a fixed rate contract, which means your rates won’t increase for at least two years. The catch is that exit fees apply. However, this is a 25% discount on offer when you pay your bills on time over two years.

AGL’s New South Wales residential electricity plans are similar to those offered in Victoria, with the only considerable change being the difference in rates and discounts. NSW customers who sign up online will receive $50 credit toward their first bill.

  • AGL Everyday: Like in Victoria, the Everyday plan from AGL comes with a guaranteed discount off both usage and supply charges, this time 5%. This is a variable rate plan with a 12 month benefit period and flexible billing options.
  • AGL Set and Forget: This is AGL’s variable rate contract bringing a discount for paying bills by direct debit. In this case the discount is 25% off usage charges, with a benefit period of 12 months.
  • AGL Savers: Customers on this plan will receive a 21% discount when they pay their bills on time. Once again, this is a no lock-in variable rate contract with a benefit period of one year.

Who is cheapest in New South Wales?

To compare prices in NSW, we once again look at the cheapest products from AGL and EnergyAustralia. For AGL, this is the Set and Forget plan, while EnergyAustralia’s cheapest deal is currently the Anytime Saver plan. Below we have crunched the numbers for an average five person household in the Sydney area, taking into consideration both usage and supply charges as well as conditional discounts. Use our energy comparison tool for a specific quote in your suburb.

State Provider^ Plan Discount Annual cost*
NSW EnergyAustralia Anytime Saver 26% $2,441.47
NSW AGL Set and Forget 25% $2,444.09

*Costs based on annual usage calculation using consumption figures from the AER for a five person household on the Ausgrid network in Sydney.

^By clicking on a brand name, you may leave Canstar Blue and be taken to a referral partner to compare. You agree that Canstar Blue’s terms and conditions apply to this referral. If you click on a brand that is not a referral partner, you will be taken to a brand page on Canstar Blue.

In New South Wales, the two retailers also have similar deals, with EnergyAustralia marginally cheaper. Also remember that EA has a fixed rate offer to consider. However, see how these providers compare to others in the Sydney area with our NSW Cost Comparison report.

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South Australia

South Australians unfortunately face the highest electricity rates in the country, however those who sign up to the right plan can still have access to considerable discounts to help reduce costs. EnergyAustralia offers the same variable rate deals in SA, but no fixed rate contract at this stage.

  • Flexi Saver: The Flexi Saver has a 12% pay on time discount with a benefit period of one year. It’s a variable rate plan with no exit fees.
  • Anytime Saver: Arguably EnergyAustralia’s simplest plan, this includes a flat 12% guaranteed discount. The benefit period is one year and there are no exit fees.

AGL keeps its three electricity offers available for South Australia customers, with the differences being the discounts and their conditions.

  • AGL Set and Forget: This electricity plan has a discount of 14% off usage charges for customers who pay their bills using direct debit. This is a variable rate deal which lasts for one year and bills must be received via email. Customers are free to leave any time without exit fees. Those who also buy gas through AGL will receive a bonus ‘double up discount’ of 2%.
  • AGL Savers: The AGL Savers deal is a one year contract that includes a 12% pay on time discount off electricity usage charges. Once again, if you also sign up to gas with AGL as well, you’ll receive an extra 2% double up discount. There are also no exit fees and flexible billing options.
  • AGL Everyday: At just 5%, the Everyday plan from AGL certainly has a smaller discount than the two products mentioned above. However, this discount applies to both usage and supply charges. There is a 12 month benefit period and flexible billing options. Like the other two AGL plans, this is a variable rate offer.

Who is cheapest in South Australia?

We will compare the cheapest plans of each retailer. EnergyAustralia’s best priced product in SA is once again its Flexi Saver, while AGL’s cheapest is the Set and Forget deal. Below we have crunched the numbers for the average five person household, taking into account usage and supply costs, as well as conditional discounts.

State Provider^ Plan Discount Annual cost*
SA EnergyAustralia Flexi Saver 12% $3,661.81
SA AGL Set and Forget 14% $3,059.93

*Costs based on annual usage calculation using consumption figures from the AER for a five person household on the SA Power network in Adelaide.

^By clicking on a brand name, you may leave Canstar Blue and be taken to a referral partner to compare. You agree that Canstar Blue’s terms and conditions apply to this referral. If you click on a brand that is not a referral partner, you will be taken to a brand page on Canstar Blue.

AGL comes out on top as the cheapest of the two providers in SA. Despite there only being a small difference in discounts, there is a big difference in price. See how AGL and EnergyAustralia compare to other retailers with our Cost Comparison report for SA.

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Queensland

AGL and EnergyAustralia keep it relatively consistent in South East Queensland, bringing their basic suite of products to the market. For EnergyAustralia, these are:

  • Flexi Saver: This plan has a maximum a 20% discount on usage rates for paying your bill on time. This variable rate contract is ongoing with no exit fees.
  • Anytime Saver: This includes a 28% discount guaranteed regardless of how or when you pay. This is a variable rate plan with a one year benefit period and no exit fees.
  • Secure Saver: This plan ensures your rates don’t increase within the next two years. It could be a great choice for those who like a bit more certainty, but it’s a two year lock-in contract and exit fees apply. However, there is a notable 28% pay on time discount on offer.

AGL offers the same plans in Queensland as it does in South Australia, but the discounts are considerably smaller than in most other states. Customers who sign up online to any of the below three plans will also receive $25 credit on their first bill. Two plans offer a month of free electricity.

  • AGL Set and Forget: This is a variable rate deal with a discount of 28% off usage charges. To receive this discount, customers must agree to pay their bills using direct debit and receive bills via email. There is a 12 month benefit period and the 12th month of energy is free.
  • AGL Savers: The main feature of this plan is its 25% discount on usage charges for paying on time. It is on a variable rate for a benefit period of one year and customers are free to leave at any time without penalty. The Savers plan also comes with a month’s worth of free electricity. There are flexible billing options.
  • AGL Everyday: The Everyday product also brings a 3% pay on time discount during a 12 month benefit period. However, this discount applies to both energy usage and supply charges, rather than just part of the bill. This plan does not have a free month of electricity.

Who is cheapest in Queensland?

We have calculated which energy company is cheaper in Queensland by comparing the expected costs of AGL’s and EnergyAustralia’s best value plans. The cheapest AGL product is the AGL Set and Forget plan with its 28% discount, while the Secure Saver is once again EnergyAustralia’s champion, also boasting a 28% discount. So which plan works out cheaper?

State Provider^ Plan Discount Annual cost*
QLD EnergyAustralia Secure Saver 28% $1,916.53
QLD AGL Set and Forget 28% $1,818.28

*Costs based on annual usage calculation using consumption figures from the AER for a five person household on the Energex network in Brisbane.

^By clicking on a brand name, you may leave Canstar Blue and be taken to a referral partner to compare. You agree that Canstar Blue’s terms and conditions apply to this referral. If you click on a brand that is not a referral partner, you will be taken to a brand page on Canstar Blue.

It’s another close call, but this time AGL comes in marginally cheaper. But which retailer is the cheapest overall in SE Queensland? Find out with our QLD Cost Comparison report.

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How to find the best deal?

Both AGL and EnergyAustralia are perfectly viable choices as an electricity retailer. Remember that our price comparisons in this article are specific examples of expected costs. Use our electricity comparison tool for a specific price in your area. Energy retailers are desperate for your custom and you may be able to organise a better deal by contacting the company directly. Be sure to carefully read the energy price factsheets before signing up to an electricity deal to make sure it’s right for you.

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