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.)
OVO Energy VIC
One Plan
35% $1,020
CovaU VIC
Super Saver
34% $1,029
Globird VIC
Boost
34% $1,036
Tango Energy VIC
Value Select
34% $1,037
ENGIE VIC
ENGIE Senior
30% $1,099
Kogan Energy VIC
Current Kogan First members
23% $1,110
Energy Locals VIC
Daytime Saver
26% $1,155
Energy Australia VIC
Flexi Plan
26% $1,162
Pacific Blue VIC
Blue First
25% $1,175
Sumo Energy VIC
Sumo Switch
25% $1,183

*Calculated 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 to view plan energy fact sheets

Cheap Electricity Plans in NSW

In the table below, we've listed the cheapest electricity plans in 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

*Calculated 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 to view plan energy fact sheets.

Cheap Electricity Plans in SA

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

Retailer % Below DMO* Price/year (Est.)
Globird SA
Glosave
24% $1,730
Pacific Blue SA
Blue First
24% $1,742
OVO Energy SA
One Plan
13% $1,980
Kogan Energy SA
Current Kogan First members
8.70% $1,982
Sumo Energy SA
Sumo Assure
13% $1,990
Momentum Energy SA
Warm Welcome
10% $2,040
ENGIE SA
Simply Seniors
10% $2,051
Tango Energy SA
eSelect
9% $2,074
Powershop SA
Power House
8.70% $2,081
Energy Locals SA
Local Member EL
8% $2,088

*Calculated 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 to view plan energy fact sheets.

Cheap Electricity Plans in QLD

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

Retailer % Below DMO* Price/year (Est.)
Globird QLD
Boost
20% $1,580
Sumo Energy QLD
Sumo Switch
19% $1,603
Dodo QLD
Residential Market Offer
18% $1,604
CovaU QLD
Freedom
18% $1,619
OVO Energy QLD
One Plan
18% $1,620
Powershop QLD
Switch Saver
17.60% $1,621
Ampol Energy QLD
Powering On
17% $1,624
Nectr QLD
Nectr 100% Clean
13% $1,669
Kogan Energy QLD
Current Kogan First members
10% $1,672
Alinta Energy QLD
Better Deal
15% $1,674

*Calculated 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 to view plan energy fact sheets.

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
Red Energy ACT
Living Energy Saver
22% $1,658
ActewAGL ACT
Simple Saver
21% $1,706
Nectr ACT
Nectr 100% Clean
5% $1,944

*Calculated 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 to view plan energy fact sheets.

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 07/02/2024

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.