Compare Electricity Prices 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.
|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|
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 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.
|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
|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.
|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 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 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 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 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.
|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.