“To switch or not to switch electricity deals?” – Dilemmas like this have taken many NSW residents’ lives for a spin!
Are you confused too? We can end your confusion in just a second. Tell us honestly – does your heartbeat skip a beat each time you see your electricity bill?
If yes, it’s time to compare NSW electricity deals and switch ASAP!
Ahead is a read on the most affordable electricity deals in New South Wales, Australia. Dive in and make a wallet-friendly switch today!
Why Electricity Deals Fluctuate and How Much You Can Save
Before you compare electricity prices in NSW, you must know that electricity prices in New South Wales mainly depend on factors such as your network provider, tariff type, and usage patterns – whether single rate, controlled load, or time-of-use.
To guide customers, the AER (Australian Energy Regulator) sets a DMO (Default Market Offer) as a benchmark. At present, the reference price for the Ausgrid network is around $1,810 per year, depending on 3,900 kWh of annual usage on a single-rate tariff.
However, NSW’s average electricity bill is around $2,173 per year (or around $543.25 per quarter) — implying many households might be paying too much. As per the ACCC and AER, over 80% of households in NSW could save up to $523 a year just by switching to a more affordable deal.
A Glance at the Cheapest Electricity Deals of NSW
If you’ve been waiting for accurate insights and genuine guidance to compare and find the cheapest electricity deals in NSW, look no further than this table. It can help you compare NSW electricity deals with ease and make the most-awaited switch fast –
| Energy Retailer and Plan | Difference from Reference Price | Annual Estimated Cost (incl. GST) | Usage Rates (c/kWh) | Supply Charges (c/day) | Important Conditions/Incentives |
| GloBird Energy - GLOSAVE | Around 25% less | $1,354 | 26.995 - 31.9c | 71.489c | Includes conditional discounts for on-time payment through direct debit, 4c/kWh solar feed-in tariff |
| Ampol Energy - Powering On | Around 24% less | $1,364 | 28.27c | 71.5c | Save 10c/L on eligible fuels for up to 1,500L per year at over 600 Ampol locations, 7c/kWh FiT |
| Momentum Energy - Warm Welcome | Around 23% less | $1,390 | 25.3c | 124.08c | $50 welcome credit for new consumers, 5c/kWh solar feed-in tariff, direct debit and eBilling only |
| Kogan Energy - Free FIRST | Around 22.7% less | $1,399 | 26.94c | 95.41c | 12 months complimentary FIRST membership, 1.4c/kWh solar feed-in tariff, up to $100 sign-up credit |
| Energy Locals - Online Member $100 Special | Around 17% less (*Plus 6% less) | $1,410 | 27c | 71c | Further 6% off Reference Price for staying 6+ months, $100 bill credit, wholesale rates $16.49/mo, 1c/kWh FiT |
| Sumo - sumoSPARK | Around 21% less | $1,426 | 29.7c | 73.15c | 5c/kWh solar feed-in tariff |
| Red Energy - Qantas Red Saver | Around 20% less | $1,435 | 29.865c | 73.964c | Earn 10,000 Qantas Points for first bill, 2 points/$1 for timely payment, 5c/kWh FiT |
| Powershop - Switch Saver | Around 20.4% less | $1,440 | 30.62c | 108.46c | $150 electricity credit for switching, 1.4c/kWh solar feed-in tariff |
| OVO Energy - One Plan | Around 18% less | $1,476 | 30.14c | 82.5c | Should pre-pay through direct debit (bill smoothing), earn up to 3% interest on credit, 3c/kWh FiT |
| CovaU Energy - Freedom | Around 17% less | $1,497 | 35.475c | 88.022c | Around 15% guaranteed discount on total usage charges, 5.5c/kWh solar feed-in tariff |
The above-mentioned plans are ranked by their annual costs, with the most affordable being GloBird Energy at around $1,354 — providing substantial savings compared to the reference price.
Among the premium deals, solar feed-in tariffs range from 1c/kWh to 7c/kWh, with higher rates proving useful, especially for solar users. If you're conducting an NSW power companies comparison, these figures offer a clear starting point for picking the best value.
Affordable Energy Picks for Every Type of Resident
Switching electricity deals is certainly a bold and transformative step. It’s not just choosing just a new plan , but also picking one that perfectly aligns with your usage patterns, budget and needs.
To help you make an informed decision like a pro, we’ve put together a detailed breakdown to help you compare NSW electricity deals and find your perfect match.
Residents with Moderate to Low Electricity Usage –
- Recommended Plan: GloBird Energy - GLOSAVE ($1,354/year)
- Why: It provides the lowest annual cost, competitive usage rates (26.995–31.9c/kWh), a fair regular supply charge (71.489c), a 4c/kWh solar feed-in tariff for solar users, and impressive discounts for on-time payments.
Residents with Solar Panels –
- Recommended Plans: Momentum Energy - Warm Welcome (5c/kWh FiT), CovaU Energy - Freedom (5.5c/kWh FiT), Red Energy - Qantas Red Saver (5c/kWh FiT)
- Why: Higher solar feed-in tariffs boost returns on excessive solar energy. Momentum Energy adds around $50 welcome credit, while Red Energy provides Qantas Points — an impressive bonus for frequent flyers.
Residents Who Value Additional Perks –
- Recommended Plans: Ampol Energy - Powering On, Red Energy – Qantas Red Saver
- Why: Ampol Energy’s 10c/L fuel discount for around 1,500L/year at over 600 locations benefits drivers, while the Qantas Points program of Red Energy adds travel rewards to timely bill payments.
Residents Who Prefer Sign-Up Incentives –
- Recommended Plans: Momentum Energy - Warm Welcome ($50 credit), Powershop - Switch Saver ($150 credit), Kogan Energy - Free FIRST ($100 sign-up credit)
- Why: These plans can help offset initial costs with generous credits. Also, Kogan Energy includes a 12-month complimentary FIRST membership for additional savings.
Residents Who Vouch for Long-Term Value –
- Recommended Plan: Energy Locals - Online Member $100 Special
- Why: An additional 6% discount off the reference cost for consumers staying 6+ months, along with a $100 bill credit and access to the wholesale rates at around $16.49/month — perfect for those settling in for the long-term haul.
Residents Who Maintain a Credit Balance –
- Recommended Plan: OVO Energy - One Plan
- Why: Earns up to 3% interest on credit balances — an offbeat feature — plus a competitive rate and 3c/kWh solar feed-in tariff, perfect for consumers who always stay ahead on payments.
Residents with High Electricity Usage –
- Recommended Plan: CovaU Energy – Freedom
- Why: Around 15% guaranteed discount on overall usage charges helps in managing higher consumption costs, while a 5.5c/kWh solar feed-in tariff brings more value for solar households.
Additional Factors Worth Your Attention
While conducting an NSW power companies comparison or looking to compare electricity prices in NSW, it’s crucial to look beyond the headline rates. Here’s what else matters –
- Network Variations: Rates differ by network, with differences across Endeavour, Ausgrid, and Essential Energy areas.
- Time-of-Use Tariffs: TOU tariffs provide savings for off-peak usage. Check plan details on comparison tools.
- Customer Service & Reliability: Low rates are key, but trusted service matters too—comparison platforms like Comparable and Canstar Blue provide customer ratings for an accurate comparison.
Take on the reins of your soaring bills by switching to NSW's cheapest electricity deals today and secure a better tomorrow!
