Find the Cheapest Electricity Plans in Australia

Paying too much for power is easier than you think, but fixing it is even easier. GoSwitch helps you compare the cheapest electricity prices and plans across trusted Australian retailers, saving you money with a quick, free comparison that finds a better deal in minutes.

Deregulation of Electricity in Australia

Published 24 November 20257 mins read

Australia’s electricity market operates differently depending on where you live. NSW, VIC, SA, ACT, and South-East QLD have fully deregulated markets, giving you the freedom to compare and switch between multiple retailers competing for your business with cheaper rates and better incentives.

WA, NT, and regional QLD remain regulated, with limited provider options and government-set pricing. This competition in deregulated states drives down costs and creates more plan choices, making comparison tools like GoSwitch valuable for finding the cheapest deals available in your area.

Deregulation of electricity in Australia

How Do Energy Companies Calculate Your Electricity Rates?

Electricity rates in Australia are based on how much power you use, measured in kWh, and what your retailer charges for both supply and usage rates. Every electricity plan includes a daily supply charge that covers the cost of maintaining your connection to the grid, plus a per-kWh rate for the energy you consume.

The reference price set by the Australian Energy Regulator helps you compare plans easily, showing if a deal is cheaper or higher than the market average. Your bill also includes GST, and if you have a smart meter, it records real-time usage so you’re billed accurately.

Types of Electricity Plans and Tariffs

Choosing the right energy plan depends on your lifestyle and how you use power throughout the day. If you haven’t switched from a standing offer or default market offer, you’re likely paying more than necessary. Australian households can pick from different contract types and tariff types designed to match usage patterns.

Plans break down into market offers with competitive rates and incentives, or basic standing offers for those who haven’t switched. Tariff structures determine how you’re charged:

Single rate tariff or flat rate

Single rate tariff or flat rate

One consistent price per kWh all day and night, perfect for households using power evenly or heavily during peak evening hours.

Time of use

Time of use

Charges variable rates based on peak, shoulder, and off-peak periods, rewarding customers who shift usage to cheaper overnight times.

Controlled load

Controlled load

Applies a separate lower rate to high-energy appliances like hot water systems on dedicated circuits running during off-peak hours.

Demand tariff

Demand tariff

Bills you based on total consumption plus your highest usage spike during a set period, ideal for households that can stagger appliance use.

Solar feed-in tariff

Solar feed-in tariff

Credits you for excess solar energy sent back to the grid, maximizing savings for homes with panels.

GreenPower

GreenPower

Sources electricity from renewable energy, letting you support clean power generation.

Key Factors That Affect Your Electricity Bill

Several factors influence what appears on your energy bill, and understanding them helps you manage your expenses more effectively. Each plays a role in how your electricity usage is priced within Australia’s competitive energy market.

Below are the main variables that shape what you pay:

  • Usage patterns: Homes that use more power during peak hours often face higher usage charges.
  • Tariffs and plans: A fixed rate may provide stability, while variable plans can fluctuate with the market.
  • Location: Your postcode affects network fees and available retailer options.
  • Seasonal demand: Extreme weather drives up electricity usage across regions, increasing costs.
  • Household size and habits: Larger homes or those without energy-efficient appliances tend to consume more.
  • Payment method: Paying by direct debit can sometimes qualify you for small plan discounts.

How To Compare the Cheapest Electricity Plans

Comparing electricity plans can feel overwhelming, but a clear process helps you find genuine value fast. For residential customers, it’s about weighing costs and conditions against your actual energy use.

Follow these steps to simplify the search and avoid costly mistakes:

  1. Review the rates offered by each electricity retailer, including supply and usage charges.
  2. Check the contract term and note any exit fees that may apply if you switch early.
  3. Compare additional benefits, such as discounts or loyalty rewards, that could add value.
  4. Look into each provider’s reputation and customer service record.
  5. Use GoSwitch to compare all these details in one place and switch quickly with confidence.

When Is the Best Time To Switch Providers?

Timing your switch saves you money and avoids unnecessary exit fees. The sweet spot is right before your lock-in contracts expire, when benefit periods end, or immediately after your electricity retailer announces rate increases. Moving house presents another perfect opportunity to compare plans fresh without penalties.

Many providers reward new customers with sign-up bonuses and conditional discounts during their first 12 to 24 months. If your bill suddenly spikes or you notice charges creeping up, that’s your signal to check if better offers exist.

Bundling Internet, Gas and Electricity for Extra Savings

Some energy providers offer bundle discounts when you combine electricity with gas plans or internet services. These packages often lower your overall electricity costs through conditional discounts, reducing your bill across multiple bills. Bundling simplifies payments by having a single provider manage your energy usage and internet needs.

GoSwitch compares both standalone and bundled options from energy providers, showing you the best energy rates based on your household setup. We’ll help you spot bundle deals that actually save you money compared to separate plans.

What Rebates and Incentives Can Help You Save on Power?

Government programs and retailer rebates can help lower your energy bills if you meet specific eligibility requirements. Energy concessions are available for pensioners, healthcare card holders, and some low-income households to reduce ongoing electricity costs.

You can check state government websites for current rebate options and how to apply. Some retailers also provide small discounts for customers who pay by direct debit, making it easier to manage payments while saving a little extra each month.

Who Are the Top Energy Retailers Worth Considering?

GoSwitch compares electricity plans from leading retailers so you can find great value, dependable service, and flexible options that fit your needs.

AGL Energy - Electricity, gas, solar & renewable energy in Australia
Blue NRG Logo
Origin Energy - Electricity and Gas Provider
OVO_LOGO

These are some of the providers Aussies consistently choose for quality, affordability, and trust:

  • 1st Energy: A smaller retailer offering straightforward plans and competitive rates across several states.
  • AGL: One of Australia’s biggest providers, known for reliable service and flexible billing options.
  • Blue NRG: Focused on small business and residential customers with affordable pricing and strong local support.
  • Dodo: Offers bundle deals combining electricity, gas, and internet for added convenience.
  • EnergyAustralia: A major retailer offering a range of plans tailored to different usage levels and regions.
  • Origin: Popular for its green energy choices and solar-friendly plans with solid customer rewards.
  • OVO: Provides transparent pricing and modern online account management tools.
  • Momentum Energy: Australian-owned and known for fair rates and strong customer satisfaction.

 

Compare Electricity Provider Plans

 

GoSwitch also gives you access to other trusted suppliers like GloBird Energy, Energy Locals, Red Energy, Alinta Energy, Powershop, Tango, CovaU, Diamond Energy, Engie Energy, and Nectr. Whether you’re connected to Ausgrid or another distributor, GoSwitch makes comparing and switching easy.

Your Cheapest Electricity Plan Is One Click Away

Finding a better deal doesn’t need to take hours or guesswork. GoSwitch compares electricity plans across NSW, VIC, SA, ACT, and QLD to show you real savings in minutes.

The service is completely free, quick to use, and trusted by thousands of Aussies who’ve already cut their energy bills. With honest comparisons and expert support, your cheapest electricity plan is just one click away!

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FAQs

The cheapest electricity provider can vary depending on your location, usage, and current electricity deals available in your area. GoSwitch makes it simple to compare real-time offers from top retailers so you can quickly find the deal that gives you the lowest rate for your household.

Switching electricity providers in Queensland, Victoria, or New South Wales is quick and straightforward. You simply compare plans, choose a new retailer, and confirm the switch online. GoSwitch handles the process for you at no cost, helping you find better rates and start saving faster without any hassle.

You can find the cheapest electricity rates in your area by comparing plans from multiple retailers and checking which offers the best match for your energy habits. GoSwitch lets you do this instantly, showing current rates and savings opportunities in one easy place.

Fixed plans lock in your rate for 12 to 24 months, protecting you from price increases, while variable plans change with market conditions and might save money when wholesale costs drop. GoSwitch compares both options side by side, showing you which type saves more based on your household’s energy consumption.

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