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By comparing electricity plans on an annual basis, you can ensure you're getting a competitive rate. More importantly, it allows you to see if you're overpaying for your energy.

With the cost of living increasing and energy prices fluctuating, there’s a huge benefit to comparing electricity providers. For one, it gives you the opportunity to explore various energy plans, rates, discounts, and incentives. All of these can impact how much you pay and can give you peace of mind knowing you're not spending more than the market average. Another major reason is that you could be on a bad rate and not even know it. If your benefit period has expired, your rates could have skyrocketed, resulting in a substantially higher power bill. The best way to check is to call a service like Electricity Monster or compare the market to see what affordable plans are available in your area.

Submit your details above or call us, and one of our energy brokers will help you find a better deal on your energy by comparing trusted retailers within our network of partners. We can even help switch you to your new electricity provider in minutes – we'll handle the entire process for you. Our service is also 100% FREE to use, so give us a call today and see how we can help.

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Compare Electricity Plans in VIC

In the table below, we've listed the best 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

Compare Electricity Plans in NSW

In the table below, we've listed the best 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.

Compare Electricity Plans in SA

In the table below, we've listed the best 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.

Compare Electricity Plans in QLD

In the table below, we've listed the best 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.

Compare Electricity Plans in ACT

In the table below, we've listed the best 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.

Why Should I Compare Electricity?

With energy costs still high in most states, it makes sense to compare electricity rates and shop around. The good news is that the market is filled with affordable energy plans that include generous discounts and incentives – you only need to look around to find them.

Here are some of the top reasons why you should compare electricity plans and providers:

  • You want a better deal on your energy without being forced to lower your electricity usage.
  • Your benefit period has expired.
  • Your current energy plan is too expensive.
  • You're looking to sign up with one provider for both electricity and gas.
  • You want a better solar feed-in tariff rate.
  • You want to find a “greener" energy retailer.
  • You want better customer service.
  • You could be eligible for bundle discounts when bundling gas and electricity.
  • You’re moving home and want to make sure you’re on a sharp rate.

It’s clear that there are plenty of competitive plan options in the market. Most retailers come out with new plans regularly, leaving you with no shortage of options.

If lowering your household's electricity usage isn't fixing your expensive power bill, it's time you switched to a new electricity plan. Doing so can put more money in your pocket and even lighten the financial burden that you may have.

Fortunately, all it takes is one call to Electricity Monster, and our energy experts will seamlessly guide you through the process, analyse your energy usage, and provide you with various free solutions. Call us today to learn more.

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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.