Energy Plans for Seniors & Pensioners

Advertisement

Once the kids have moved out and life has settled down, you might find your home doesn’t use as much electricity as it used to. Lower usage of course means smaller bills, but what if we told you there’s a way to save even more on your power bills? If you’ve been stuck with the same electricity provider – like AGL or Origin – for several years without comparing other offers, chances are you’re paying too much for energy. In this article, Canstar Blue compares cheap electricity deals for seniors and pensioners, explains what to look for in a power plan, and what rebates and concessions may be available to help you lower your bills even further.

Good Energy Plans for Seniors & Pensioners

If you’re a senior or pensioner, you’re probably not using as much electricity as the younger crowd. If that’s the case, it will likely be a smart move to look for an electricity deal that has low supply charges. These are the daily charges you need to pay for each day that you’re connected to the energy network.

  • Electricity plans are made up of two main charges – usage and supply. Energy providers typically compensate for low supply rates with higher usage rates, and vice versa. For small households, supply charges will typically make up a higher proportion of your overall energy costs. For large households, usage charges generally make up a higher proportion of overall costs. Therefore it pays to get the cheapest rates on the charges that have the biggest impact on your hip pocket.

This being the case, it may also be a smart move to find a plan with a whole bill discount, as opposed to a plan with a discount off usage charges only. You may also find it convenient if your electricity plan has a benefit period of at least two years, so you won’t lose the discount for 24 months. However, if you’re happy regularly comparing plans, a contract with a 12 month benefit period could prove better value in the short term. Some retailers even offer ongoing discounts, but don’t fall into the set and forget trap of assuming that you’re always going to be getting a great deal.

  • It’s important to know that energy discounts are usually conditional. Pay on time discounts and direct debit payment discounts are the most common types, though energy retailers also commonly offer an additional discount for receiving bills via email instead of post. Consider your personal circumstances and preferences before jumping into a plan with a conditional discount. Failing to meet the conditions could mean you’re left paying considerably more.

Ultimately the key to finding the right electricity plan for your needs is having a good understanding of your energy usage habits. Be sure to check your recent energy bills to find out how much power you’re using and how this compares to other households. Read on for examples of cheap energy deals in each state we have compared, or jump straight into our comparison tool to find plans in your area.

Compare Electricity Plans

Cheap Energy Plans for Seniors & Pensioners

A cheap electricity plan for seniors and pensioners will likely have low usage charges, assuming that the household will generally not consume as much power as households with several occupants or kids, for example. With this in mind, we have trawled our energy database to find the cheapest electricity plans based on households with two occupants. We show examples for seniors and pensioners in NSW, VIC, QLD and SA, but you should treat these as examples only. Use our comparison tool above for a specific comparison in your area.

Cheap Energy Deals for Seniors & Pensioners in NSW

Electricity Provider^ Electricity Plan Discount Annual Cost* Benefit Period
Amaysim Energy Electricity 2 40% $1,550.95 Ongoing
Origin Energy Maximiser 25% $1,576.64 1 year
Alinta Energy Fair Deal 27 27% $1,585.06 2 years
EnergyAustralia Secure Saver 25% $1,615.63 2 years
Powerdirect Market Offer 24% $1,616.83 1 year

*Costs based on annual usage statistics from AER for a two person household on the Ausgrid network in Sydney, April 2018. Maximum one product listed per retailer.

^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.

Our price comparison shows that Amaysim Energy is currently one of the cheapest electricity retailers for seniors in NSW, thanks to its competitive usage rates and large discount – the ongoing benefit period also means that the 40% discount won’t disappear a year or two after signing up. Origin Energy, Alinta Energy, EnergyAustralia and Powerdirect also make the top five thanks to their large conditional discounts. Big power discounts don’t always bring the big savings they appear to, but in this case we see some big discount plans proving their worth.

It’s important to point out that energy prices will vary between different parts of NSW, depending on which distribution network you live on. Be sure to use our comparison tool for a specific range of offers in your area.

Cheap Energy Deals for Seniors & Pensioners in VIC

Electricity Provider^ Electricity Plan Discount Annual Cost* Benefit Period
Amaysim Energy Electricity 2 35% $1,354.28 Ongoing
Tango Energy Home Select 0% $1,369.68 1 year
GloBird Energy EasySave 0% $1,371.24 Ongoing
Alinta Energy Fair Deal 43 43% $1,375.75 2 years
Sumo Power Residential 37 37% $1,435.07 1 year

*Costs based on annual usage statistics from AER for a two person household on the Citipower network in Melbourne, April 2018. Maximum one product listed per retailer.

^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 Amaysim Energy plan is currently one of the cheapest deals for seniors and pensioners in Victoria, based on this comparison. Tango Energy and GloBird Energy make up the top three. Tango Energy is particularly interesting as its Home Select plan comes out as one of the cheapest deals despite having no conditional discount. This is an important message because sometimes the big discount offers do not work as cheap as they might suggest.

This comparison is based on a specific postcode in Melbourne. As prices vary between different parts of Victoria, be sure to use our comparison tool for quotes in your area.

Cheap Energy Deals for Seniors & Pensioners in QLD

Electricity Provider^ Electricity Plan Discount Annual Cost* Benefit Period
Alinta Energy Home Saver Plus 28% $1,330.40 2 years
AGL Set and Forget 28% $1,334.41 1 year
QEnergy Flexi Home 0% $1,361.88 2 years
Red Energy Easy Saver 10% 10% $1,399.13 Ongoing
EnergyAustralia Secure Saver 28% $1,421.87 2 years

*Costs based on annual usage statistics from AER for a two person household on the Energex network in Brisbane, April 2018. Maximum one product listed per retailer.

^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.

Alinta Energy is currently making a big impact in South East Queensland and comes out at the top of this comparison. However, there are other various other competitive offers from Red Energy, QEnergy, AGL and EnergyAustralia to consider. This list is based on a specific postcode in the Brisbane area, so be sure to use our comparison tool for deals in your area.

Cheap Energy Deals for Seniors & Pensioners in SA

Electricity Provider^ Electricity Plan Discount Annual Cost* Benefit Period
Origin Energy Maximiser 16% $2,224.68 1 year
Amaysim Energy Electricity 3 32% $2,227.84 Ongoing
Powerdirect Market Offer 16% $2,254.38 2 years
Alinta Energy Fair Deal 25 25% $2,257.26 2 years
Diamond Energy Market Offer 10% $2,268.98 2 years

*Costs based on annual usage statistics from AER for a two person household on the SA Power network in Adelaide, April 2018. Maximum one product listed per retailer.

^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.

Origin Energy is currently one of the cheapest retailers for seniors and pensioners in South Australia, this comparison shows. It has a modest conditional discount compared to some other providers in the state, but its relatively low usage rates make it a cheap deal overall. Amaysim Energy, Powerdirect, Alinta Energy and Diamond Energy also seem to offer good value for seniors thanks to their competitive rates, big discounts and 24 month benefit periods. Be sure to use our electricity comparison tool for a range of quotes in your area.

Energy Concessions for Seniors

Being a senior has its perks and electricity concessions are one of them. Each state government gives Pensioner Concession Card and Seniors Card holders an annual concession towards their electricity bills. This varies from state to state and some jurisdictions may have additional eligibility requirements. The current concessions for seniors are as follows:

State Seniors Concession
NSW $285
VIC 17.5% of total annual bill
QLD $299.95
SA $217.90

Source: State government websites, December 2017

Additional rebates may also be available to electricity account holders with low incomes and health conditions. You can see a full list of electricity and gas rebates here.

You may also be interested in:

Specific Energy Plans for Seniors

While the electricity plans featured above will likely be some of the cheapest deals on the market for seniors and pensioners given that they are based on low-usage households, they are not specific plans for older Australians, in that any household can sign up to them. However, it’s worth checking with your energy retailer – and any prospective ones – if they offer specific products for seniors. Below is a guide to what Australia’s big three power companies have to offer seniors and pensioners.

AGL Seniors Plans

AGL is the only electricity provider in Australia with specific products for seniors and pensioners. In this case, it applies an additional discount to its standard plans, meaning seniors will likely end up paying less than most other customers. Seniors in NSW and Victoria may be eligible for the AGL Seniors plan, but at the moment it seems the offer doesn’t apply elsewhere.

  • Seniors Card holders in NSW can sign up to the AGL Seniors Plan and receive a 25% discount on electricity usage charges and a 14% discount on natural gas usage charges.
  • Victorian seniors can receive a discount of 30% off electricity usage charges and 17% off natural gas usage.

Not only are these discounts slightly higher than what’s usually available as standard from AGL, they’re also guaranteed discounts – meaning there’s no special conditions that you have to meet to receive the discount. These discounts apply for two years, rather than AGL’s standard 12 month benefit period.

The Seniors Plan applies the same usage and supply rates as the AGL Set and Forget and Savers plans, though keep in mind that the rates are variable and may change at any time, provided AGL gives notice. This deal won’t lock you in with termination fees, however, so you are free to leave at any time. When you sign up online, you will also receive $50 credit toward your first bill.

Key takeouts:

  • Electricity discount: 25% (NSW); 30% (VIC)
  • Gas discount: 14% (NSW); 17% (VIC)
  • Discounts are guaranteed
  • Variable rates
  • 2-year benefit term
  • $50 online sign up credit

Origin Seniors Plans

The Origin Maximiser is currently Origin’s cheapest electricity deal for all residential customers. While the Maximiser is not exclusive to seniors, its value is on par with the AGL Seniors Plan. Origin Energy also encourages its senior customers to make the most of government rebates and concessions. If you hold a Pensioner Concession Card or State Seniors Card, contact Origin Energy over the phone or online to have your annual seniors concession applied to your Origin Energy bill. Depending on your state, you may also need to fill out a concession application form.

EnergyAustralia Seniors Plans

The EnergyAustralia Secure Saver plan can help senior customers save with great discounts and fixed rates that won’t increase for two years. The Secure Saver and all other EnergyAustralia deals are also compatible with state government senior concessions and rebates. If you currently hold a Pensioner Concession Card or Seniors Card, visit the EnergyAustralia website to have your rebate applied. To do this, you will need to make a ‘My Account’ and update your details. Once you’re done, your electricity concession should take effect immediately.

Subscribe For Energy Price Updates & Deals

By entering your email address you will be subscribed to Canstar Blue’s Energy Newsletter and will receive updates on pricing and new deals.
  • This field is for validation purposes and should be left unchanged.

How to find the best deal on energy

Older customers are often the most loyal, but when it comes to energy supply, loyalty usually doesn’t pay. If you’ve been with the same electricity company for several years, then you are likely paying too much. The best energy deals are typically reserved for new customers, so it’s wise to regularly compare offers and see where you could save. At the very least, get in touch with your existing retailer and ask for a better deal. Also, don’t forget about your concessions. Be sure to check your power bills to make sure you’re receiving all the rebates and discounts you’re entitled to.

Compare Electricity Plans

Share this article

Advertisement