• Covid-19 Update
  • Due to the current health crisis with Covid-19, the Australian government is implementing additional measures for people experiencing financial hardship. Energy retailers who are members of the Australian Energy Council have announced the following which will be in effect until 31 July 2020 or later:

  • Customers in financial hardship programs will not be disconnected from their energy if they are unable to pay their bills unless agreed upon
  • External debt collection and bankruptcy proceedings will be put on hold
  • Payment plans and hardship plans will be made available to all residential and business customers who cannot afford to pay their bills
  • Disconnection/reconnection/contract-break fees, as well as retailers’ daily supply charges, will be waived for all small businesses who have gone into hibernation
  • Reductions in the number and duration of planned outages, and allowing customers as much notice as possible for any necessary works
  • For more information about the Australian government's response to Covid-19, visit the Australian government's official website

Cheapest Electricity in Australia: Biggest Discounts by State

With the deregulation of electricity prices across Australia, customers get more of a choice when it comes to electricity retailers and prices. Finding the cheapest electricity in Australia is very dependent on electricity distributor, location, and personal energy consumption. Find our guide below for a list of the cheapest electricity plans and providers, by state or territory.


Cheapest electricity in Victoria

Finding the cheapest electricity in Victoria can be tricky. Energy providers in Victoria base their electricity prices off the Victorian Default Offer (VDO), which is the reference price set by the Victorian government. Prices vary between provider, distributor, and individual electricity usage, however there are a number of electricity providers that stand out as being significantly cheaper than the average.

Estimated annual electricity cost in Victoria for cheapest energy providers*
  Small Household
(1 - 2 people)
2000kWh / year
Medium Household
(2 - 3 people)
4000kWh / year
Large Household
(4 - 5 people)
8000kWh / year
Extra fees
Victorian Default Offer $857 - $968 $1334 - $1528 $2264 - $2763 N / A
Powerclub** $710 - $800 $1140 - $1315 $1990 - $2460 Annual Fee: $39
PowerBank Deposit:
Based off annual consumption
Tango Energy $770 - $895 $1200 - $1380 $2040 - $2486 N / A
Elysian Energy $730 - $860 $1100 - $1275 $1830 - $2180 N / A

*Annual price based on flat rate tariff - exact savings may differ based on energy distributor, and personal energy consumption
**Prices fluctuate due to wholesale pricing of Powerclub, spikes in wholesale electricity may result in a spike on your bill

Cheapest electricity in New South Wales

New South Wales is one of the states included in the Default Market Offer (DMO), where the Australian government sets the reference price based on electricity distribution area. Customers trying to find the cheapest electricity plans in New South Wales should look at the DMO for their distribution region, when comparing it to the estimated price electricity providers give.

Estimated annual electricity cost in New South Wales for cheapest energy providers*
  Small Household
(1 - 2 people)
2000kWh / year
Medium Household
(2 - 3 people)
4000kWh / year
Large Household
(4 - 5 people)
8000kWh / year
Extra fees
Default Market Offer $702 - $859 $1260 - $1700 $2100 - $2550 N / A
Powerclub** $730 - $970 $1181 - $1466 $1630 - $1965 Annual Fee: $39
PowerBank Deposit:
Based off annual consumption
Kogan Energy $781 - $1045 $1232 - $1537 $1679 - $2029 N / A
ReAmped Energy $769 - $990 $1222 - $1460 $1675 - $1930 N / A

*Annual price based on flat rate tariff - exact savings may differ based on energy distributor, and personal energy consumption
**Prices fluctuate due to wholesale pricing of Powerclub, spikes in wholesale electricity may result in a spike on your bill

Cheapest electricity in Queensland

South East Queensland enjoys deregulated energy service and as such, customers can choose which electricity provider is best for them. While the majority of Queensland have electricity service provided by Ergon Energy, customers between the Gold Coast and the Sunshine Coast have the power of choice. Customers looking for the cheapest electricity provider in Queensland have a number of options to choose from.

Estimated annual electricity cost in South-East Queensland for cheapest energy providers*
  Estimated Price
(4600 kWh / year)
% off the reference price
Daily Supply Charge Usage Rates Additional Fees
South-East Queensland DMO $1570 / year N / A N / A N / A
Click Energy Hibiscus $1303 / year
17% off DMO
98.06c / day 20.54c / kWh N / A
PowerClub** $1310 / year
16% off DMO
93.02c / day 20.20c / kWh Annual Fee: $39
PowerBank Deposit:
Based off annual consumption
ReAmped Energy $1310 / year
16% off DMO
97.90c / day 20.68c / kWh N / A

*Annual price based on flat-rate tariff - exact savings may differ based on energy distributor, and personal energy consumption
**Prices fluctuate due to wholesale pricing of Powerclub, spikes in wholesale electricity may result in a spike on your bill

Cheapest electricity in South Australia

South Australia has some of the highest electricity prices in Australia, so it’s very important to compare energy plans to find the cheapest electricity plans in South Australia. While South Australia is on the Default Market Offer, the estimated price for the South Australia Power Networks distribution area is much higher than other states and territories.

Estimated annual electricity cost in South Australia for cheapest energy providers*
  Estimated Price
(4000 kWh / year)
% off the reference price
Daily Supply Charge Usage Rates Additional Fees
South Australia DMO $1941 / year N / A N / A N / A
PowerClub** $1640 / year
16% off DMO
103.22c / day First 11kWh: 30.66c / kWh
Remaining: 31.39c / kWh
Annual Fee: $39
PowerBank Deposit:
Based off annual consumption
Origin Energy $1670 / year
16% off DMO
90.81c / day First 11kWh: 40.24c / kWh
Remaining: 42.94c / kWh
N / A
Kogan Energy $1610 / year
17% off DMO
95.66c / day 31.54c / kWh N / A

*Annual price based on flat rate tariff - exact savings may differ based on energy distributor, and personal energy consumption
**Prices fluctuate due to wholesale pricing of Powerclub, spikes in wholesale electricity may result in a spike on your bill

Cheapest electricity in the ACT

Electricity in the Australian Capital Territory is regulated, unlike other parts of Australia, which means customers only have a handful of options when it comes to choosing the cheapest electricity in the ACT.

Estimated annual electricity cost in the ACT for cheapest energy providers*
  Estimated Price
(5500 kWh / year)
Daily Supply Charge Usage Rates Savings Additional Fees
Origin Max Saver $1490 / year 123.03c / day 21.88c / kWh 15% off Origin’s usage charge N / A
Energy Locals
Online Saver
$1500 / year 103c / day 22c / kWh 12% less than
ActewAGL standing offer
N /A
Powerclub** $1520 / year 73.22c / day 22.02c / kWh $37 / year less with Evoenergy Annual Fee: $39
PowerBank Deposit:
Based on annual consumption

*Annual price based on flat-rate tariff - exact savings may differ based on energy distributor and personal energy consumption
**Prices fluctuate due to wholesale pricing of Powerclub, spikes in wholesale electricity may result in a spike on your bill

Cheapest electricity in Tasmania

Historically, Tasmania has only been provided with electricity by Aurora Energy. Recently, however, it has opened up to 1st Energy as well. Prices in Tasmania are relatively equal across the board, despite deregulation. However, choosing an electricity tariff based on your personal lifestyle can help control electricity costs. The most popular tariffs are single or flat rate, and time-of-use, with or without a controlled load.

Flat or single rate tariffs are best for customers who don’t want to worry about the day or time they use electricity. No matter when, customers have the same cents/kWh price and a single daily supply charge. This tariff is known as Tariff 31.

Flat rate charges in Tasmania for Aurora Energy and 1st Energy (Tariff 31)
  Daily Supply Charge Usage Charge (kWh)
1st Energy 96.53c / day 26.95c / kWh
Aurora Energy 96.53c / day 26.96c / kWh

Customers sometimes have electric heating and hot water, which can be more expensive than the average electrical appliance. As such, Tariff 41 (heating and hot water controlled load) is designed to meter these heating appliances separately from the rest of the household’s electricity usage. This can help keep costs down, as the rates for this tariff are less expensive than the single rate tariff.

Heating and hot water charges in Tasmania for Aurora Energy and 1st Energy (Tariff 41))
  Daily Supply Charge Usage Charge (kWh)
1st Energy 18c / day 17.507c / kWh
Aurora Energy 18c / day 17.507c / kWh

For appliances separate from heating and hot water, which still use more electricity than average (such as pool heaters, or under-floor heating), Aurora and 1st Energy offer controlled load tariffs where the usage charges are cheaper during certain points of the day. Tariff 61 is a controlled load tariff for nighttime use with an afternoon boost, while Tariff 62 is a controlled load tariff for nighttime use only.

Controlled load charges in Tasmania for Aurora Energy and 1st Energy (Tariff 61 & 62)
  Tariff 61 Daily Supply Charge Tariff 61 Usage Charge Tariff 62 Daily Supply Charge Tariff 62 Usage Charge
1st Energy 22.24c / day 14.09c / kWh 21.26c / day 13.27c / kWh
Aurora Energy* 22.245c / day 14.095c / kWh 21.263c / day 13-276c / kWh

*Tariff 61 is no longer being installed for new Aurora Energy customers. Customers with existing Tariff 61 connections will continue to be charged at their existing rate.

For customers who may use more electricity during off-peak hours (when demand on the electricity grid is lessened), a time-of-use or peak and off-peak tariff might be a better option, known as Tariff 93. This is when customers get charged less for energy usage during certain times of the day, usually during the night and workday hours. Exact peak and off-peak times depend on where you live, and your electricity retailer.

Time-of-use charges in Tasmania for 1st Energy and Aurora Energy (Tariff 93)
  Daily Supply Charge On-Peak Usage Off-Peak Usage
1st Energy 107.23c / day 32.58c / kWh 15.17c / kWh
Aurora Energy 107.233c / day 32.587c / kWh 15.173c / kWh

Cheapest electricity in the Northern Territory

Despite electricity being deregulated in 2010, energy competition in the Northern Territory is scarce. As such, finding the cheapest electricity in the Northern Territory is difficult. Jacana Energy is the major electricity retailer in the area, while Rimfire Energy is one of the newest. Governmentally-owned Power & Water Co. only retails electricity to a select number of remote communities.

Electricity prices in the Northern Territory*
  Daily Charge Usage Rates
Jacana Energy 51.36c / day 26.05c / kWh
Rimfire Energy 51.16c / day 25.95c / kWh
Power & Water Co. 51.36c / day 26.05c / kWh

*Annual price based on flat-rate tariff - exact savings may differ based on energy distributor and personal energy consumption

Cheapest electricity in Western Australia

Customers in Western Australia are divided into two categories; contestable and non-contestable. All non-contestable customers have electricity provided to them by governmentally-owned Synergy, while contestable customers get to choose between Synergy and Horizon Power. Both of these plans offer the same rates, so finding the cheapest electricity in Western Australia is not entirely possible. Despite electricity being regulated in Western Australia, natural gas in Western Australia is fully contestable with many options. Go to our Cheapest Natural Gas comparison to find the best natural gas choices for you.

Electricity prices in Western Australia
  Daily Supply Charge Usage Rates
Synergy 103.33c / day 28.823c / kWh
Horizon Power 103.33c / day 28.823c / kWh

 

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