Best Electricity Deals NSW 2024

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Are you looking for a better deal on your electricity? At the end of the day, nearly every Aussie wants a fair deal on their energy. With so many retailers and plans being offered, it can get frustrating to sort through the saturated market. This is where we can help. Call us now on 1300 232 848 as we can assess your power bill and provide many free solutions in less than 15 minutes. Several plans are currently available, but due to the volatile nature of the energy market, we’ve compiled a list of the top 10 best energy plans (based on price).

Contents

10 Best Electricity Deals NSW

Retailer % Below DMO* Price/year (Est.)
OVO Energy NSW
One Plan
29% $1,296
Kogan Energy NSW
Current Kogan First members
22.10% $1,325
Globird NSW
Glosave
27% $1,332
Dodo NSW
Residential Market Offer
26% $1,338
1st Energy NSW
1st Smart Saver
22% $1,417
Powershop NSW
Power House
22% $1,424
Momentum Energy NSW
Warm Welcome
22% $1,427
Sumo Energy NSW
Sumo Switch
20% $1,468
AGL NSW
AGL Seniors Saver
19% $1,473
Red Energy NSW
Red EV Saver
19% $1,475

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

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3 Best Electricity Deals in New South Wales

Below we’ve summarised the 3 best electricity deals currently available in NSW. We’ve broken down each plan’s unique features and listed them in order from lowest to highest. Please note that plans are subject to change. Any questions regarding plan specifics should be directed towards the retailer. Want to see if we can get you a better deal on your electricity? Call us on 1300 232 848 now.

OVO Energy - The One Plan - 1st Place

Coming in 1st place, we have The One Plan by OVO Energy. This variable rate plans comes with flexible rates and a competitive feed-in tariff for solar owners. Customers who stay in credit with OVO will receive a 3% interest reward. 

Some features of this plan include:

  • 3% interest reward
  • Zero exit fees
  • No lock-in contract
Retailer % Below DMO* Price/year (Est.)
OVO Energy NSW
One Plan
29% $1,296

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

Kogan Energy - Current Kogan First Members - 2nd Place

Coming in 2nd place, we have the Kogan First Members plan by Kogan Energy. This variable rate plan comes with zero exit fees and no lock-in contract. Customers who wish to enroll into this plan must have a Kogan FIRST membership.

Some features of this plan include:

  • No lock-in contract
  • Zero exit fees
  • Must have a Kogan FIRST membership
Retailer % Below DMO* Price/year (Est.)
Kogan Energy NSW
Current Kogan First members
22.10% $1,325

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

Globird Energy - Glosave - 3rd Place

Coming in 3rd place, we have the Glosave plan by Globird Energy. Ideal for small to medium energy users, this variable rate plan offers consumers a 3% discount off your usage and supply charges when you pay on time via Direct Debit. This plan requires monthly billing to enroll.

Some features of this plan include:

  • 3% off usage & supply charges
  • Zero exit fees
  • Must emroll in monthly billing
Retailer % Below DMO* Price/year (Est.)
Globird NSW
Boost
24% $1,384

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

Big 3 Electricity Plans NSW

Looking to compare plans by Origin Energy, Energy Australia, AGL? We’ve listed the 3 best electricity plans offered by the ‘Big 3’ energy retailers below. To see if you can get a better deal, give us a call or click on the button below and one of our energy experts will assist you.

AGL - AGL Value Saver

AGL’s Value Saver plan is a variable rate plan with competitive rates. This plan includes zero exit fees and usage and supply rates, it’s an enticing offer. New customers may also be eligible for a one-off payment credit on their first bill when they switch their home energy to AGL. 

Some features of this plan include: 

  • Zero exit fees
  • eBilling only
  • Variable rates
  • No lock-in contracts
Retailer % Below DMO* Price/year (Est.)
AGL NSW
AGL Value Saver
18% $1,498

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

Origin Energy - Go Variable

Origin’s Go Variable plan is a variable rate plan that comes with zero exit fees and no lock-in contract.  

Some features of this plan include:

  • No lock-in contract
  • Zero exit fees
  • Variable rates
Retailer % Below DMO* Price/year (Est.)
Origin Energy NSW
Origin Go Variable
18% $1,498

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

Energy Australia - Flexi Plan

Last on the list is Energy Australia’s flagship offer – the Flexi plan. This is a variable rate plan that includes no exit fees or lock-in contract. When you opt into this plan, you get 100% carbon-neutral energy at no extra cost.

Some features of this plan include:

  • No lock-in contract
  • Zero exit fees
  • Variable rates for both electricity & gas
Retailer % Below DMO* Price/year (Est.)
Energy Australia NSW
Flexi Plan
18% $1,498

*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.

How Do I Choose the Best Electricity Retailer?

There’s no black-and-white way to find the best deal. Retailers offer a variety of incentives, discounts, and benefits that can ultimately affect your overall payment. It’s important to shop around and compare to ensure you’re getting the best rate available. 

Comparing electricity providers in Sydney or any other city in NSW can help offer insight into what each plan offers. It also gives you a tangible number so you can determine whether it’s right for you. If you’re looking to find the cheapest electricity deal, you’ll need to compare each retailer’s plans individually. The bad news is that this process can be time-consuming, stressful, and annoying. 

Phone us at Electricity Monster instead. In just 15 minutes, we can help you get connected to the best deal we have available. Our energy experts pride themselves on getting you a fair rate for a fair price. Give us a call now to learn more.

How Do I Find the Best Electricity Deals Where I Live?

No matter where you live, your personal preference should always play an integral role in choosing your electricity plan. Remember, the best deal may not be the best one, so be sure to consider every factor before deciding.

For example, if you’re a solar enthusiast living in Sydney, the best electricity deal could be a retailer that offers a higher solar feed-in tariff rate. Or, if you’re big on discounts or incentives, the best deal could be a retailer that offers a one-off discount, energy rebate or competitive solar feed-in tariff.

If you want a fair deal on your energy, give us a call at Electricity Monster today. Our 100% free service helps compare retailers within our network to find you the best rate we have available. Isn’t it time you stopped overpaying for electricity and gas? Phone us now to learn more.

Ready to Make the Switch?

If you’ve made it this far, It’s safe to say that you are very much interested in getting a better electricity deal. You’ve read about all of our best energy deals in NSW.

So what should you do next?

Now you could just go on and pick the best energy deal from what we’ve listed above. BUT it’s really important to consider certain factors before selecting a plan; like your household usage, budget, and needs. 

Or, you can give us a call on 1300 232 848 today and let us analyse your energy bill so we can offer you a variety of free solutions. 

We’ll help you compare the best electricity rates in Sydney we have to offer and choose a fair plan to suit your needs.

If you think you’re overpaying for electricity and want to explore your options, we can help. Let Electricity Monster be your one-stop solution for all your energy needs. Call us now on 1300 232 848.

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Disclaimer

This publication reviews plans in NSW as of 10/05/2024.

Important Points to note are:

  • The plans displayed have been taken from the energy fact sheets published on the retailer's website. We do not guarantee that this information is correct or that it applies to every household in Australia.
  • Comparisons have been made on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
  • The Citipower network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Ausgrid network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in NSW.
  • The SA Power Networks network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Energex network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in QLD.
  • The Evoenergy network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in the ACT.
  • The ACTO network has been used to compare gas plans in WA.
  • The reference price/VDO/GAS comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different from these estimates if your usage differs from the average amounts used in this calculation.
  • The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
  • The average electricity price in Victoria is drawn from the Australian Energy Market Commission (AEMC), Residential Electricity Price Trends 2021, Final report, 25 November 2021. This figure reflects the default energy usage of a 2 person household.
  • All dollar figures include GST.
  • The plans displayed may be different than those advertised.
  • The plans offered on this page may not be available in our call center.
  • 'Get Best Offer’ is indicative of the best offer available in our database from our partners. 
  • ‘Get More Info’ does not mean we will sign you up for the plan. Electricity Monster will provide offers in our database.  We do not claim to be affiliated with the retailer.
  • Electricity plans are now compared to a regulated price called the Victorian Default Offer (VDO). This makes it easier to compare energy plans across the market. The VDO comparison and annual estimate is calculated based on an average usage customer.
  • When calculating our rates we include in the price/year estimate the GST (unless otherwise stated), any advertised non-conditional discounts (e.g. guaranteed discount), and any one-off credits. 
  • What's not included in the price/year estimate are conditional discounts, green energy charges, any concessions or rebates which may apply to you, solar feed-in tariff credits that your solar system could generate. 
  • The VDO comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.
Benjamin Tom

Benjamin Tom covers the retail energy market, with a focus on electricity, solar, and Internet. His interests include helping people navigate the complexities of the energy market while saving money on their power bills.