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Compare Electricity Prices NSW

Compare electricity NSW

For most Australians, the most important element when it comes to switching energy providers is cost. With energy prices so high, and rising, choosing the cheapest energy provider in New South Wales can make a big dent in your energy bills. If you want to compare electricity prices in New South Wales, and find the cheapest electricity plan available, continue reading below so you can start saving money with Selectra today.


Why should I compare electricity prices and switch energy providers?

Since full retail contestability has been implemented in the New South Wales electricity market, residents of the state have had the opportunity and ability to switch energy providers freely. Most people, however, do not take the time to research, compare, and actually make the switch due to a number of reasons and misconceptions:

 Switching energy providers is time consuming: It’s actually very easy to switch energy providers in New South Wales. Once you find a provider you like, you can easily make the switch online or over the phone with nothing but a few personal details and a valid form of identification. After you sign up for your new plan, your energy provider will get in touch with your previous retailer and sort out all the details for you.

 Finding the best energy provider is complicated: Thanks to a growing number of comparative websites, like Selectra, finding the best energy deals in New South Wales is easier than ever. Providers are legally required to show how their energy plans compare to the reference price of your distribution zone, and detail all the costs and benefits associated with their plan.

 You’ll lose power when you switch: Since your energy is actually supplied to your house from your energy distributor, not your provider, you won’t lose power when you switch energy providers.

 Lock-in contracts make switching expensive: These days, almost all energy providers offer no lock-in contracts, meaning you won’t need to pay an exit fee to leave your current energy provider.

 All energy providers are the same: This is absolutely not true. Energy providers offer a broad spectrum of discounts, deals, and offers that include low rates and high discounts, additional credits, or even other incentives like rewards points for membership programs.

If you haven’t switched providers in a while, or haven’t compared energy providers at all, you’re probably on the Market Offer and paying what is known as the “lazy tax”. If you live in New South Wales, taking the time to compare electricity prices and make the switch can save you hundreds of dollars per year.

The Reference Price NSW

Before you compare electricity prices, it’s important to understand what the Reference Price is. The Reference Price (also known as the Default Market Offer or DMO) is the government-set electricity prices within distribution zones in the National Electricity Market. The DMO has two main functions within the National Electricity Market, they are:

 To protect consumers who do not want to engage with the energy market by putting them on the Market Offer. All energy consumers in the NEM are entitled to be on the Market Offer, and prevents them from paying exorbitant energy prices. While the DMO does not give consumers the cheapest electricity rates, it does cap electricity prices for those on the Market Offer.

 To educate and inform consumers who want to shop around and compare electricity prices, by allowing them to see how much a provider’s offer is discounted when compared to the Reference Price. When comparing plans, you’ll often see “X% off the reference price” which indicates how much less a provider’s plan is, when compared to the Default Market Offer.

The Default Market Offer is different for each distribution network, and a number of factors can affect what the DMO is for your distributor. Here, you can find the Reference Price for each electricity distributor in New South Wales.

Default Market Offer NSW*
Distribution Network Annual estimated usage DMO on a Flat-Rate tariff
Ausgrid 3,900kWh / year $1,462 / year
Endeavour 4,900kWh / year $1,711 / year
Essential 4,600kWh / year $1,960 / year

*Source: AER - Default Market Offer - Price determination 2020-21 Final Determination

Average electricity prices in New South Wales

Residents in NSW have, on average, some of the lowest electricity prices for Australia, but that doesn’t mean you should be content with being average! Plenty of energy providers are below average (at least where electricity prices are concerned), and switching to a new provider could help you save money off your electricity bills.

Average electricity costs and usage in New South Wales*
Average cost per kWh in NSW Average annual electricity usage in NSW Average annual electricity bill in NSW (2018/2019)
25.463 / kWh 5141kWh / year $1,294 / year

*Average cost per kWh based on average usage rates between leading electricity providers. Average annual usage source: EnergyMadeEasy for postcode 2000. Average annual electricity bill source: AEMC Annual Electricity Price Trend Report 2019.

Compare electricity prices in New South Wales

There is often the misconception that all electricity providers are the same, and it doesn’t matter who you choose as your retailer. This is just not true, and this belief can cost thousands of Australians hundreds of dollars per year. Below you’ll find a comparison of electricity prices and plans in NSW, with the estimated annual cost based on the Ausgrid distribution network reference price of $1,426/year on a flat-rate tariff, with an estimated usage of 3,900kWh per year.

Compare electricity prices NSW
Energy Provider Plan Name % off the reference price Estimated annual electricity costs
Mojo Power All Day Breakfast 27.28% discount $1,063 / year
Nectr Nectr Friends Clean 20% discount + $100 credit $1,067 / year
ReAmped Energy ReAmped Advanced 27% discount $1,074 / year
Tango Energy Home Select 26% discount $1,084 / year
OVO Energy The One Plan 24% discount $1,114 / year
Powerclub Powerbank Home Flat 24% discount $1,115 / year
Click Energy Flora Plus 23% discount $1,126 / year
Sumo SumoAssure 22% discount $1,138 / year
Simply Energy Simply Energy Saver 20% discount $1,166 / year
Powershop Powershop Shopper MegaPack 20% discount $1,176 / year
Dodo Market Offer 17.41% discount $1,206 / year
Momentum Energy Everyday Energy
SmilePower Flexi
17% discount $1,211 / year
AGL Essentials 17% discount $1,214 / year
EnergyAustralia Total Plan 17% discount $1,213 / year
Origin Energy Max Saver Online Only 17% discount $1,214 / year
Energy Locals Online Saver 10% discount + 6% conditional discount $1,230 / year
Alinta Energy HomeDeal Energy 16% discount $1,232 / year
Elysian Energy Simple Plan 12.4% discount + 3.5% conditional discount $1,235 / year
1st Energy 1st Saver 13% discount $1,267 / year
Amaysim Energy Classic Electricity 13% discount $1,286 / year
Enova Energy Community Plus 8% discount + 3% conditional discount $1,308 / year
Red Energy Living Energy Saver 9% discount $1,320 / year
Diamond Energy Everyday Renewable Saver 7% conditional discounts $1,355 / year
Amber Electric Market Offer 14% average discount* $1,220 / year

Source: Provider websites. Valid August 2020. Rates valid for Ausgrid distribution zone on a single-rate tariff with average annual usage set at 3900kWh / year. Estimated annual costs include conditional discounts. Actual plans and estimated costs may vary.
*Due to nature of Amber Electric’s wholesale pricing, discounts may vary

Compare cheapest electricity providers NSW

Now that we’ve looked at a comparison of electricity prices in New South Wales, below you can find a little more information about the cheapest options available in the New South Wales electricity market.

Mojo Power in NSW

Mojo Power offers some of the cheapest electricity plans in New South Wales, offering two electricity plans to customers in the state including an immense 27.28% discount on their All Day Breakfast electricity plan, which also includes a smart meter for those who don’t have one yet.

Mojo Power electricity plans NSW
  All Day Breakfast Single Minded
Discount off the reference price 27.78% discount 4.95% discount
Daily supply charge 79.717c / day 104.5c / day
Usage rates 19.8c / kWh 25.85c / kWh
Estimated annual cost $1,063 / year $1,389 / year

Source: Mojo Power. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

Nectr in NSW

Nectr offers two cheap electricity plans to customers in New South Wales. While Nectr Friends Clean comes with a steep 20% discount off the reference price, Nectar GreenPower offsets your energy consumption with 100% GreenPower in addition to its 8% discount off the reference price.

Nectr electricity plans NSW
  Nectr Friends Clean Nectr GreenPower
Discount off the reference price 20% discount + $100 credit for new customers 8% discount + $100 credit for new customers
Daily supply charge 99.99c / day 99.99c / day
Usage rates 20.57c / kWh 25.30c / kWh
Estimated annual cost $1,067 / year $1,252 / year

Source: Nectr. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

ReAmped Energy in NSW

ReAmped Energy offers three cheap electricity plans in New South Wales, each with their own benefits to suit your lifestyle. With their most generous electricity plan, ReAmped Advanced, energy customers get a massive 27% discount off the reference price for paying their energy bills fortnightly through direct debit.

ReAmped Energy electricity plans NSW
  ReAmped Classic ReAmped Handshake ReAmped Advanced
Discount off the reference price 18% discount 23% discount 27% discount
Daily supply charge 73.68c / day 91.55c / day 91.55c / day
Usage rates 23.97c / kWh 20.44c / kWh 18.96c / kWh
Estimated annual cost $1,204 / year $1,131 / year $1,074 / year

Source: ReAmped Energy. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

The Big Three electricity prices: AGL, Origin Energy, and EnergyAustralia in NSW

With the most widely-recognized household names in the Australian energy market; AGL, Origin Energy, and EnergyAustralia (also known as The Big Three) offer the security and stability of knowing your energy provider is here to stay. Below we outline the electricity rates in NSW for each provider, arming you with the information you need to make the best decisions about your electricity.

AGL electricity rates in New South Wales

AGL has a long history of providing energy to Australia, since it was first founded in 1887. AGL offers three electricity plans in NSW; AGL Essentials, AGL Essentials Savers, and AGL Solar Savers which doesn’t have a discount off the reference price but does offer a steep solar FiT. Below, you can find a detailed breakdown of AGL electricity rates in NSW.

AGL electricity rates NSW
  AGL Essentials AGL Essentials Saver AGL Solar Savers
Discount off the reference price 17% discount 15% discount No discount
17c / kWh FiT
Daily supply charge 75.67c / day 77.495c / day 91.179 / day
Usage rates 24.024c / kWh 24.607c / kWh 28.952 / kWh
Estimated annual cost $1,214 / year $1,243 / year $1,462 / year

Source: AGL Energy Rates. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

Origin Energy rates in New South Wales

Origin Energy provides millions of customers energy in Australia, including in New South Wales. Their three plans; Origin Flexi, Origin Max Saver, and Origin Solar Boost all offer the security of knowing Origin Energy is here to stay. You can find a detailed outline of Origin Energy electricity rates for NSW below.

Origin Energy electricity rates NSW
  Origin Flexi Origin Max Saver Origin Solar Boost
Discount off the reference price 14% discount 17% discount No discount
12c / kWh solar FiT
Daily supply charge 74.05c / day 71.47c / day 86.10c / day
Usage rates 25.31c / kWh 24.43c / kWh 29.43c / kWh
Estimated annual cost $1,258 / year $1,214 / year $1,462 / year

Source: Origin Energy Rates. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

EnergyAustralia rates in New South Wales

EnergyAustralia, another major player in the Australian energy market, offers a wide range of electricity plans to customers in New South Wales. Below, you can find EnergyAustralia electricity rates for their three electricity plans; Basic Home, No Frills, or EnergyAustralia Total Plan.

EnergyAustralia rates NSW
  Basic Home No Frills Total Plan
Discount off the reference price No discount 15% discount 17% discount
Daily supply charge 84.7c / day 71.5c / day 84.7c / day
Usage rates 29.559c / kWh 25.3c / kWh 24.94c / kWh
Estimated annual cost $1462 / year $1248 / year $1213 / year

Source: EnergyAustralia electricity rates. Rates valid for Ausgrid distribution network on a single-rate tariff with estimated annual usage of 3900kWh/year. Valid August 2020.

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