Picture this — you’re dreaming of world tours or looking to grab everything on your shopping wish list. But your daily expenses get in the way.
Now a quick task for you – mention the top 10 things that you think are draining your money. We bet your electricity bills are somewhere near the top. If you’re from New South Wales (NSW), you are probably nodding in approval.
We’ve rounded up Australia’s cheapest electricity providers so you can compare NSW electricity deals and find the one that won’t chip away at your savings!
The Cheapest Electricity Providers in NSW
The NSW power companies comparisonhas been conducted using reliable insights and accurate data. We have gathered all the information from top-trusted sources like Comparable, Finder, and WATTever.
Our focus was mainly on residential customers within the Ausgrid network — covering the Central Coast, Sydney, Hunter Region, and Newcastle — based on an estimated annual usage of 3,900 kWh on a single-rate tariff.
Top 10 Cheapest Electricity Plans in NSW
Before you go ahead and compare electricity prices in NSW, take a look at the following table for a clear understanding of the most affordable electricity providers in New South Wales –
| Rank | Energy Retailer & Plan | Annual Estimated Cost (incl. GST) | Difference from Reference Price ($1,810/year) |
| 1 | GloBird Energy – GLOSAVE | $1,354 | 25% less |
| 2 | Ampol Energy - Powering On | $1,364 | 24% less |
| 3 | Momentum Energy - Warm Welcome | $1,390 | 23% less |
| 4 | Kogan Energy - Free FIRST | $1,399 | 22.7% less |
| 5 | Energy Locals - Online Member $100 Special | $1,410 | 17% less (plus 6% less) |
| 6 | Sumo – sumoSPARK | $1,426 | 21% less |
| 7 | Red Energy - Qantas Red Saver | $1,435 | 20% less |
| 8 | Powershop - Switch Saver | $1,440 | 20.4% less |
| 9 | OVO Energy - One Plan | $1,476 | 18% less |
| 10 | CovaU Energy – Freedom | $1,497 | 17% less |
These figures include GST and any other conditional discounts, but residents must cross-check with individual retailers, as prices might differ based on location or usage.
Finder.com.au reports a whopping $880 price gap between the most expensive and cheapest single-rate plans. For those outside the Ausgrid network, it’s advisable to use reliable comparison tools to compare NSW electricity deals by postcode.
When you compare NSW electricity deals, consider checking for extras such as solar feed-in tariffs (1 to 20 c/kWh).Some plans might provide higher feed-in rates but conceal pricey usage charges. Hence, you should always review each detail carefully.
Why You Might Be Overspending (And Not Even Know It!)
Have you ever looked at your electricity bill and thought, “For god’s sake, why is it always going through the roof?” Well, you’re not alone!
Many people across NSW are dealing with the same frustrating situation. And chances are, you’ve been simply overlooking some reasons that could be quietly driving your electricity bills up.
Checking out this list will also help you compare electricity prices in NSW and find a deal that actually suits you.
- Default or Standing Offer Plans
Several NSW households are still on AER-regulated plans, usually around $1,810 a year (Ausgrid consumers). However, market offers can be way more cost-effective.
GloBird Energy, for instance, provides a plan at just around $1,354/year — around 25% savings.
And with price hikes of around 23.9% hitting 600,000 consumers in July 2023 (as reported by Captain Cook Electrical), it’s an ideal time to reconsider your options.
By conducting NSW power companies comparison, you can save hundreds! You shouldn’t pay more than necessary — compare, switch, and start saving.
- High Distribution and Supply Charges
Your electricity rates aren’t just about how much power you consume — they are also packed with regular distribution and supply charges.
According to Canstar Blue, the average usage rate in New South Wales is around 30.13 c/kWh, and regular supply charges average 98.66 c/day. And, here’s the catch — these numbers can shift based on your electricity provider, network, and even your suburb.
Unless you conduct NSW power companies comparison, you may end up paying more than you should.
Time to look into those rates and check if your plan still makes any sense.
- Lack of Awareness and Comparison
Did you know many NSW residents are overpaying just because they aren’t aware of more affordable market deals or the perks of switching electricity providers?
As per the Econnex blog, comparing your electricity bills against state averages is a perfect way to spot overpayment. Meanwhile, the Solar Calculator spotlights how confusing different types of plans or rates can be.
But here’s the kicker – Finder reports that price differences could be as high as $880 per year between multiple plans! That’s why it’s important to compare electricity prices in NSW — a bit of research could save you a lot.
- Not Claiming Available Rebates
Many NSW residents might be overlooking some valuable government rebates.
These include the Low-Income Household Rebate (worth up to $350/year for retail consumers and $385 for embedded network users) and the National Energy Bill Relief that provides around $300/year (applied between July 2024 and April 2025).
The Climate and Energy Action department of NSW and ABC News have both encouraged residents to check their eligibility, particularly with the latest state budgets that have maximized rebate values.
Make sure that you factor in such rebates when you compare NSW electricity deals. Why? Because it can help you lower your electricity bill and ensure you never miss out on savings!
- Incorrect Tariff Selection
Many NSW residents might be unknowingly overpaying because of the incorrect tariff choice.
Single-rate tariffs might suit some, but others could easily save more with controlled load or time-of-use options. Finder and Canstar Blue emphasize the significance of matching your tariff to your energy usage habits.
When you compare electricity prices in NSW, check which tariff best complements your lifestyle for maximum savings!
Key Statistics on Overpaying and Energy Bill Stress
- Potential Overpayment
Money.com.au reveals the most affordable plan is $1,354/year — around 25% saving against the $1,810 reference price, with many still paying approximately $2,173/year.
- Disconnection Rates
According to a 2024 ABC News survey, around 39% of disconnections involved middle-income households, indicating overpayment impacts more than just low-income families.
- Financial Strain
Increasing living expenses and 2025 electricity cost hikes of around 8.9% are amplifying bill stress, affected by high seasonal usage rates like up to 23.34 kWh/day during winter.
Bottom line – Compare electricity prices in NSW regularly to avoid overpaying and bring ease in financial pressure.
The Final Words
Whether it’s reviewing your plan, claiming rebates, or picking the right tariff — every step is key to slashing your electricity costs. So, get set and compare NSW electricity deals today to lock in a plan that suits your budget. Trust us, your wallet will thank you later!
