Cheapest Electricity Rates

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Looking for the Cheapest Electricity Rates?

If you’re looking for cheap electricity rates, we can help. At Electricity Monster, we do our best to try to find a great rate for our customers, no matter which market they’re in. Whether you’re looking for sharper energy rates for your household, or something that eases the pressure on your business, Electricity Monster offers a variety of free solutions tailored to your unique needs.

Our service is fast, free, and easy. If you feel like you’re overpaying for your electricity, give us a call. We’ll do the comparison shopping for you and find you the best deal we have within our network of partnered retailers. With our service, you won’t have to waste time and effort going through various retailers to figure out which one offers the cheapest electricity rates. We take care of the process for you – from the paperwork to the actual switch. We can even help you search for cheap business energy. If you’re sick of high energy bills, give us a call, and we’ll help you find the sharpest rates we have. We can even help you switch energy providers fast.

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Cheap Electricity Plans in VIC

In the table below, we’ve listed the cheapest electricity plans in VIC.

Retailer % Below VDO* Price/year (Est.)
CovaU VIC
Super Saver
26% $1,163
Globird VIC
Boost
26% $1,166
Tango Energy VIC
eSelect
25% $1,175
Pacific Blue VIC
Blue First
25% $1,175
Simply Energy VIC
Simply Blue Perks (Simply Members)
25% $1,182
OVO Energy VIC
One Plan
25% $1,188
Powershop VIC
Switch Saver
24% $1,201
Momentum Energy VIC
Nothing Fancy
23% $1,217
Nectr VIC
Nectr 100% Clean
21% $1,239
Energy Australia VIC
Flexi Plan
19% $1,272

*Victoria electricity rates are based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network, the VDO reference price is: $1,571 / year. Click here for more information.

Cheap Electricity Plans in NSW

In the table below, we’ve listed the cheapest electricity plans in NSW.

Retailer % Below DMO* Price/year (Est.)
Globird NSW
Boost
22% $1,422
Simply Energy NSW
Simply Seniors (Simply Members)
22% $1,426
Dodo NSW
Residential Market Offer
21% $1,440
Sumo Energy NSW
Sumo Switch
20% $1,468
Red Energy NSW
Red EV Saver
19% $1,475
CovaU NSW
Freedom
18% $1,501
Pacific Blue NSW
Blue First
18% $1,503
Powershop NSW
Switch Saver
17.3% $1,511
Energy Locals NSW
Online Member
16% $1,540
1st Energy NSW
1st Saver
15% $1,545

*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.

Cheap Electricity Plans in SA

In the table below, we’ve listed the cheapest electricity plans in SA.

Retailer % Below DMO* Price/year (Est.)
Amber Electric SA
Amber Plan 15
15% $1,929
Simply Energy SA
Simply VPP BYO
11% $2,039
OVO Energy SA
One Plan
11% $2,040
Tango Energy SA
eSelect
9% $2,074
Powershop SA
Power House
8.7% $2,081
Kogan Energy SA
Current Kogan First members
8.30% $2,090
CovaU SA
Freedom
8% $2,102
Energy Australia SA
Flexi Plan
7% $2,119
Origin Energy SA
Origin Go Variable
7% $2,120

*South Australia electricity rates are based on usage of 4011kWh/year for a residential customer on a single rate tariff in the SA Power Networks, the DMO reference price is: $2,279/ year. Click here for more information.

Cheap Electricity Plans in QLD

In the table below, we’ve listed the cheapest electricity plans in QLD.

Retailer % Below DMO* Price/year (Est.)
Dodo QLD
Residential Market Offer
18% $1,604
Nectr QLD
Nectr 100% Clean
13% $1,618
Powershop QLD
Switch Saver
18% $1,621
Ampol Energy QLD
Powering On
17% $1,624
Kogan Energy QLD
Current Kogan First members
15% $1,672
Energy Locals QLD
Online Member
11% $1,748
Sumo Energy QLD
Sumo Assure
10% $1,771
AGL QLD
AGL Value Saver
10% $1,772
Energy Australia QLD
Flexi Plan
9% $1,792
OVO Energy QLD
One Plan
12% $1,968

*Queensland electricity rates are based on usage of 4613kWh/year for a residential customer on a single rate tariff in the Energex network, the DMO reference price is: $1,969/ year. Click here for more information.

Cheap Electricity Plans in ACT

In the table below, we’ve listed the cheapest electricity plans in ACT.

Retailer % Below DMO* Price/year (Est.)
Origin Energy ACT
Origin Go Variable
30% $1,506
ActewAGL ACT
Simple Saver
27% $1,565
Red Energy ACT
Living Energy Saver
22% $1,658
Nectr ACT
Nectr 100% Clean
5% $1,944
Energy Locals ACT
Online Member
3% $2,030

*Australian Capital Territory electricity rates are based on usage of 6100kWh/year for a residential customer on a single rate tariff in the Evoenergy network, the DMO reference price is: $2,152 / year. Click here for more information.

How to Get Cheap Electricity Rates In Australia

It comes as no surprise that many Australians are looking for a better deal on their electricity. The average power prices in the Australian electricity market have increased substantially, which means comparing energy plans and switching to a better deal could end up saving you a ton of money.

High power prices have left many at a loss as to what’s going on. Some are forced to significantly lower their electricity usage, impacting their quality of life, while others struggle to pay for basic necessities and their utilities. In a volatile market like this, it can be hard to figure out a way to find affordable energy providers.

This is why calling a professional to sort it out for you is such a great idea; it can help save time and money. Call us now and let our team of experts compare energy plans within our network of partnered retailers to help you find a fair deal for a fair price. Best of all, comparing energy plans with us won’t cost you a thing. Our service is 100% free

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This publication reviews energy plans in VIC, NSW, QLD, SA, and ACT that are accurate as of 01/02/2024.

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.
  • 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 listed. Electricity Monster will provide offers in our database. We do not claim to be affiliated with the retailer.
  • When you click ‘Sign Up Now’ you agree to be contacted by our energy experts. Plans with said button are affiliated with our partnered retailers only.
  • 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.