Ultimate Guide to Electricity Rates in NSW

Current Electricity Rates in NSW

These are New South Wales clients' daily supply and general consumption rates. The residential users on the Ausgrid network who reside in Sydney are the basis for these power pricing. For single-rate tariffs only, we provide the rates of the lowest advertised offer from each merchant in our database.

Energy retailers are now negotiating a choppy wholesale market. Some of the following may have stopped accepting new members into their market offer programmes. As more information becomes available, we'll keep this table and the material on this page as current as possible. Please contact the providers directly to verify availability and plan details.  

New South Wales (NSW) power rates are predicted to rise in 2024 due to growing generating and network infrastructure expenses. As a result, power suppliers are fighting a solid battle to supply customers with the best prices.

Remember that these rates might change based on geography and individual use. For instance, homes with solar panels would pay less, whereas those in rural locations might pay more for supplies. Before choosing a plan, it is essential to examine pricing and options thoroughly.

NSW electricity costs are predicted to rise in 2024, but customers will have more alternatives because of supplier competition. While Amber Electric and Diamond Energy have distinctive programmes emphasising renewable energy, AGL, Alinta Energy, and CovaU Energy provide competitive consumption prices.

Dodo and EnergyAustralia offer reasonably priced solutions but thoroughly review every facet of the package before choosing. Ultimately, the best value for your home can only be found by comparing power rates and plans.

Cheapest Electricity Prices in NSW 

We at Compare Energy are dedicated to helping you get the best possible bargain on power in NSW by comparing costs. When comparing energy costs in NSW, there are a few factors to consider.

How to compare electricity prices in NSW?

• Check your usage rates/supply charges. Seek out the most affordable daily supply fees and kWh rates; these impact your account more than the overall amount.
• Refer to the reference price. Make sure the plans are based on the same energy use since this benchmark aids in determining which plan is less expensive than others.
• Look at your current electricity usage. Plans vary depending on how much energy you use; therefore, compare based on the exact use to obtain a fair comparison.
• Pick the right tariff. Select a tariff (single-rate, time-of-use, solar feed-in, or restricted load) based on your use patterns. Some people could require intelligent metres.
• Double-check the benefit period. Keep track of the expiration date of any introductory energy programmes you may be interested in to prevent switching to a more costly plan.

Cheapest Electricity Prices In NSW

According to the Canstar Blue database, EnergyAustralia, OVO Energy, and Dodo have the lowest power rates available in Sydney when conditional discounts are considered. It's important to note that energy costs fluctuate often, so check back every few weeks to see if anything has changed.

We've included the least expensive plans below so you can understand what you should budget for from various merchants. These rates are predicated on the Ausgrid network in Sydney and a 3900kWh annual average energy use.

When a single source has several low-cost offers, we only display the product with the lowest estimated price first. Currently, the Reference Price in this region is $1,810 per year. For a more focused comparison, use our comparison tool.

1. Flexi Plan(EnergyAustralia)

A customisable plan for your home's energy requirements, the Flexi Plan offers changeable gas and electricity costs. Your entire energy bill will be discounted. Every time you pay, it's guaranteed. As are other fees and levies, gas and electricity energy rates are subject to change. No exit costs and no lock-in contract. A 12-month guarantee of a reduction in your energy bills.

Gas and electricity bills comprise usage rates, daily supply charges, and demand charges (if any). These fees vary with the Flexi Plan. The market contract energy charges could fluctuate in or around January or July.   

Please remember this when selecting a variable rate plan. During the 12-month benefit period, you will also be guaranteed a discount on these charges each time you pay.

Price: $1,294/Year

1. The One Plan(OVO Energy)

They forecast how much energy you'll consume over a year based on your home's size and prior energy usage. They calculate the cost of this energy and then divide the result by 12 to obtain a monthly "average." This amounts to your Direct Debit. Another name for this is bill smoothing. 

During hotter months, for instance, you may consume more energy than your Direct Debit can pay for. You'll use less at other times. Bill smoothing is based on the theory that your account balance will eventually equal zero at the end of each 12 months. You won't have paid too much or too little for your energy.

Price: $1,519/Year

1. Market Offer(Dodo)

Dodo simplifies dealing with a single supplier for all utilities by combining mobile, internet, gas, and electricity.

Dodo provides simple discounts when you combine energy and the internet. It will not bind you to a deal; you will be free to move however you like. Adaptable methods of payment: A variety of payment methods are available, such as direct debit from a bank account or credit card, BPAYTM, checks, CentrePay, Post BillPay, or in-person at Australia Post.

Price: $1,335/Year

Other Cheap Electricity Plans in NSW

The table we've provided compares the most affordable power plans in NSW, but what if you have a different need in mind? The table below displays the lowest plans available in the database for clients searching for a particular product type.

These include plans from the primary three, with and without discounts, and variable and fixed-rate plans. Once more, we display pricing about the reference price.

Cheapest Electricity Plan (Big 3 Provider) - EnergyAustralia, Flexi Plan

The EnergyAustralia plan for NSW is included in the database. This product is offered by a partner for referrals. Prices may differ based on your situation and the Ausgrid network in Sydney. For this comparison, a home user on a single rate tariff is assumed to use 3900 kWh of energy annually. As usual, before buying, confirm all the information about any plan with the store immediately.

Cheapest Electricity Plan (No Discount) - OVO Energy, The One Plan

For this comparison, a home user on a single rate tariff is assumed to use 3900 kWh of energy annually. Not every bargain in your region may be included in the database. As usual, before buying, confirm all the information about any plan with the store immediately. These prices may differ based on your situation and the Ausgrid network in Sydney.

Cheapest Electricity Plan (Discounted) - EnergyAustralia, Flexi Plan

The EnergyAustralia plan for NSW is included in the database. This product is offered by a partner for referrals. Prices may differ based on your situation and the Ausgrid network in Sydney. For this comparison, a home user on a single-rate tariff is assumed to use 3900 kWh of energy annually.   

Cheapest Electricity Plan (Variable Rates) - EnergyAustralia, Flexi Plan

The EnergyAustralia plan for NSW is included in the database. This product is offered by a partner for referrals. Prices may differ based on your situation and the Ausgrid network in Sydney. For this comparison, a home user on a single-rate tariff is assumed to use 3900 kWh of energy annually.

What You Need To Know About Energy Discounts

It's critical to be aware of energy savings while contrasting strategies. Although discounts were once the primary marketing strategy used by electricity providers, many of them shifted their attention to lower base rates in July 2019 due to regulatory changes affecting the sector.

Nevertheless, some merchants continue to offer discounts, which can be a helpful way to reduce your overall energy costs—as long as you fulfil any requirements, such as making on-time or direct debit payments. Discounts often cover the whole amount on your account, not just the consumption or supply fees.

Certain businesses provide unconditional discounts in addition to conditional discounts on energy programmes. This implies that you will still benefit from the discount regardless of how or when you pay your bills.  

Fixed VS Variable Rate Plans

Most power-mentioned plans have variable rates, meaning the retailer can alter the price charged process. Several energy companies now give fixed rate agreements to lock in competitive rates today and save money on the road.

A few retailers, like Red Energy, now offer fixed-rate programmes. Visit our fixed-rate energy plans review to learn more, as not all of the fixed-rate plans in our database are included on this page.

Check The Benefit Period

On the other hand, energy savings can drastically lower your total power expenses. You must comprehend the benefit period of the plan you are enrolling in. The time frame in which the discount on your energy plan is applicable is known as the benefit term.

The benefit period is usually limited to a year, while some suppliers provide reductions for two years or even longer. Your reduction may vanish after the benefit period, leaving you to pay the total cost of the power you consume.

Benefit periods are especially crucial with fixed-rate energy plans because retailers will often only lock in your prices for a maximum of one or two years. It is not a good idea to completely set and forget because your rates will probably alter beyond this point.

Other Sign-Up Incentives

You want to evaluate any extra incentives the energy company may offer to join up. While you shouldn't let these incentives influence your choice, they may be a helpful differentiator when contrasting identical items.

These incentives include movie tickets, continuous bill credits, coupons for specific retail locations, or even a rebate on your first payment. Additionally, several merchants have exclusive alliances that may benefit consumers, like Red Energy's Qantas Frequent Flyer programme.

Energy Savings Scheme For Saving Your Electricity Bill

The NSW government is implementing the Energy Savings Scheme (ESS) to lower power use by offering financial incentives to companies and people to participate in energy-saving initiatives. If you live in New South Wales, you may increase your home's energy efficiency by installing LED downlights instead of downlights.

The ESS Rule offers the Home Energy Efficiency Retrofits (HEER) approach for upfront deeming energy savings from renovations made at residential and small business locations, including replacing inefficient lighting. 

Only Accredited Certificate Providers (ACPs) are permitted to deliver the Home Energy Efficiency Retrofit [HEER] activities under the ESS to help NSW households and small businesses save energy by supporting a range of energy efficiency upgrades, such as lighting, equipment upgrades, and draught proofing.

How Does It Work?

The NSW Energy Savings Scheme (ESS) offers financial incentives to families and companies in NSW for installing energy-efficient equipment and appliances. For every notional megawatt-hour (MWh) of energy saved by the project, an Accredited Certificate Provider (ACP) creates an energy-saving certificate (ESC, pronounced "esky").

The Mandatory Scheme Participants or electricity retailers obtain and turn in these certificates to meet their legally mandated targets, which the government of New South Wales enforces.

ESS Benefits for Households

Enrolling in the Energy Efficiency Scheme (EES) will assist you with various energy-saving initiatives, such as Upgrading to energy-efficient appliances, including a solar-powered water heater or heat pump or contemporary air conditioning, Installing LED lighting, and installing solar power systems.

By making these improvements, you will significantly cut your energy use and dramatically minimise your electricity costs.

Better insulation and the installation of energy-efficient LED lighting will also increase your home's comfort level, making it warmer in the winter and colder in the summer. Additionally, you'll be assisting in lowering Australia's carbon impact! Everyone benefits from that, even the environment!

ESS Benefits for Small Businesses

The ESS has many outstanding advantages for enterprises. Above all, these rebates have the potential to significantly lower operating expenses. Replace old, inefficient equipment with new, more energy-efficient models to reduce energy use and utility costs.

Minimise your carbon impact and exhibit your dedication to corporate responsibility and sustainability. Today's consumers are increasingly considering these factors before making a final purchase.

Jackery Solar Generators Explained

In New South Wales, where electricity rates continue to fluctuate, adopting solar energy can provide both financial and environmental benefits. Jackery, a respected brand in the solar industry, offers innovative products like solar generators, solar panels, and portable power stations to help manage these costs.

Jackery Solar Generators deliver a stable power source that reduces dependence on traditional electricity, helping to lower monthly bills. When paired with Jackery Solar Panels, the Portable Power Station maximises energy capture and storage, giving households a dependable backup during peak hours. Its multiple output ports allow simultaneous charging of various devices, adding flexibility and reliability to energy use.

Furthermore, Jackery Portable Power Stations provide various recharging options - solar panels, carports, wall outlets, or other electric sources - ensuring a consistent and adaptable power supply.

Jackery Solar Generator 2000 Plus

As electricity rates in NSW continue to fluctuate, more people are turning to alternative energy sources to manage costs and ensure reliable power. The Jackery Solar Generator 2000 Plus is a premium solution that delivers high-capacity, clean energy to help homeowners reduce their dependence on traditional power sources.

Flexible Power for All Household Needs: With an impressive 2 kWh capacity that can be expanded to 12 kWh, the Jackery Solar Generator 2000 Plus supports various household appliances and tools with a powerful 3000W output. This flexibility is perfect for managing high-energy devices, providing backup during peak rate times, and keeping your energy bills low. This feature makes it a competitive option compared to traditional energy providers with rising costs.

Eco-Friendly, Quiet Operation: One of the Explorer 2000 Plus's standout features is its silent, emission-free operation. Running on a long-lasting LiFePO4 battery, it can operate for over a decade with daily use, providing a quiet, pollution-free solution suitable for home and outdoor use. Solar charging capability harnesses renewable energy that's better for the environment and offers long-term savings compared to fluctuating utility rates.

Jackery Solar Generator 1000 Plus

For those looking for a more compact yet powerful solution to offset electricity costs in NSW, the Jackery Solar Generator 1000 Plus provides a dependable and flexible option. Its portable design and versatile capacity make it a strong choice for anyone needing a reliable backup or off-grid solution without the high expenses associated with traditional electricity rates.    

Expandable Backup Power and Efficiency: With a 1264Wh capacity that supports up to three additional battery packs, the 1000 Plus can expand to 5kWh. This setup offers 1-3 days of reliable backup power, ideal for keeping essential devices running during peak periods or outages. Its 2000W output can power most small-to medium-sized household appliances, offering an economical and flexible alternative to traditional power.

Ultra-Fast Solar Charging and Multiple Power Options: Equipped with Jackery's advanced solar charging technology, the Explore 1000 Plus reaches full charge in just 4.5 hours when used with four SolarSaga 100W panels. These efficient solar charging and AC and car charging options ensure you're always ready with renewable energy when needed. This flexibility helps reduce reliance on grid electricity, especially in NSW, where rates vary widely throughout the day.

Electricity Rates in NSW FAQs

The following are the frequently asked questions about the electricity rates in NSW.

1. What time of day is the cheapest electricity in NSW?

On weekdays, off-peak hours are generally from 10 pm to 7 am; on weekends and public holidays, they are open all day. The electricity companies charge less for the energy consumed during off-peak hours. In NSW, daily peak hours are from 2:00 pm to 8:00 pm.

2. Why is NSW electricity so expensive?

The nation's deteriorating infrastructure is a significant factor driving up power costs. To meet increasing demand and sustain dependability, Australia's energy infrastructure, including power plants, transmission lines, and distribution networks, needs considerable investment.

3. Is gas or electricity cheaper in NSW?

The price of gas is less per MJ than the price of electricity per kWh. For instance, one kWh of power in NSW is around thirty cents or $4 for every MJ of petrol.

4. Which state has the cheapest energy in Australia?

Queensland had the lowest average monthly energy bill, at $276. Victoria had the second-cheapest average monthly energy costs, at $290. At $313 a month, New South Wales was the second most costly state for energy. South Australia was the most expensive state, with a monthly cost of $322.

Final Thoughts

Having many options for selecting an energy supplier is one of the many wonderful things about living in NSW. This guide will make finding a contract with inexpensive electricity rates in NSW much easier. You may then begin comparing various plans by selecting the features of the products that are most essential to you, such as the rates associated with particular offers.