Umair Gaines
With the average NSW household using around 5,237 kWh of electricity per year, facing typical annual costs of $1,500 to $1,900, finding the cheapest electricity provider in Sydney can lead to significant savings. Sydney has multiple electricity providers, with over 20 energy retailers offering electricity deals in the city. The cheapest electricity plan will depend on a variety of factors, including your location, your electricity usage, and whether you have solar panels. Some of the cheapest electricity rates in NSW currently belong to GloBird Energy, Nectr, Powershop, and Kogan Energy.
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What You'll Learn
Cheapest electricity providers in Sydney
With the average NSW home using around 5,237 kWh of electricity per year and facing typical annual costs between $1,500 and $1,900, finding a cheap electricity plan in Sydney can deliver major savings.
According to Solar Choice, GloBird Energy currently offers the cheapest electricity plan in NSW with its BOOST Residential (Flat Rate)-Ausgrid plan. This plan features a daily supply charge of $0.90, usage rates between 26.84–30.69c/kWh, and an estimated annual cost of around $1,791 for a typical household. Other cheap electricity rates in NSW currently belong to Nectr, Powershop and Kogan Energy.
However, it's important to note that the above electricity rates apply to residential customers on a single-rate tariff in Sydney on the Ausgrid distribution network. If you live in Parramatta, the Greater West, the Hills District, Campbelltown or Penrith to the Blue Mountains, you are served by the Endeavour network, where rates differ.
When choosing the best electricity plan in New South Wales, it’s important to look beyond just the cheapest headline rate. Some other features to consider when comparing providers include daily supply charges, usage rates (c/kWh), solar feed-in tariffs (FiTs), and discounts & promotions.
Additionally, many electricity providers now offer 100% renewable energy plans or GreenPower accredited options. If sustainability is a priority, compare providers that support cleaner energy sources.
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How to compare electricity plans
When comparing electricity plans in Sydney, there are several factors to consider beyond just the headline rate. Here are some key considerations to help you choose the best plan for your needs:
Daily Supply Charges
Every plan includes a fixed daily fee for staying connected to the grid. Lower supply charges can significantly reduce your overall electricity bill, especially if you use less power.
Usage Rates (c/kWh)
Your usage rate is what you pay for each unit of electricity you consume. This is usually measured in cents per kilowatt-hour (c/kWh). If you're on a time-of-use tariff, compare the peak, shoulder, and off-peak pricing to match your energy habits. Peak rates are usually in the evenings from Monday to Friday, while off-peak rates are overnight and on weekends.
Solar Feed-in Tariffs (FiTs)
If you have solar panels, a higher feed-in tariff will result in more savings when you export excess energy back to the grid. Compare FiT rates between providers to maximize your savings.
Discounts and Promotions
Some plans offer various discounts and promotions, such as pay-on-time discounts, direct debit incentives, signup bonuses, or other incentives. These can add significant value to your plan.
Green Energy Options
If sustainability is a priority, many electricity providers now offer 100% renewable energy plans or GreenPower accredited options. Compare providers that support cleaner energy sources to find the most environmentally friendly option.
Reference Price
The Reference Price helps you compare how competitive a plan's price is within your region. It is based on the distribution network that supplies energy to your area.
Additionally, it's important to carefully review the terms and conditions of each plan before making a decision. You can also consider using a personalized cost-ranking tool to compare retailers' publicly listed electricity plans based on your unique energy usage patterns. By considering these factors, you can make an informed choice when selecting an electricity plan that offers the best value for your specific needs.
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How to find the best electricity plan
With the average NSW home using around 5,237 kWh of electricity per year and facing typical annual costs between $1,500 and $1,900, finding the cheapest electricity plan can deliver major savings. Here is a comprehensive guide on how to find the best electricity plan in Sydney, New South Wales.
Firstly, it is important to understand the basics of electricity pricing in Sydney. The Default Market Offer (DMO) helps ensure retailers charge a fair price for electricity, but there are often cheaper deals available. Most power companies offer various 'market offers' that are more competitive in terms of price and benefits. For instance, the default price for a residential household on a single-rate tariff in the Ausgrid network is $1,965 a year, while the cheapest market offer on the same network is $1,464, allowing for potential savings of $501 annually.
Next, it is crucial to identify the key features to consider when comparing electricity providers. These include daily supply charges, usage rates (cost per kilowatt-hour), solar feed-in tariffs, discounts, and promotions. Lower supply charges can significantly reduce your bill, especially if you use less power. If you have solar panels, a higher feed-in tariff will result in greater savings when exporting excess energy. Additionally, consider your electricity usage patterns and match them with the peak, shoulder, and off-peak pricing of time-of-use tariffs.
When choosing an electricity plan, it is beneficial to look beyond just the cheapest headline rate. Utilise online comparison tools, such as WATTever, Solar Choice, and Compare the Market, which allow you to personalise your search based on unique energy use, tariff types, discounts, solar feed-in tariffs, and concessions. These tools help you find the most suitable plan for your specific needs.
Finally, consider other factors that can impact your overall electricity costs. Distributors, such as Ausgrid, Endeavour, and Essential, are responsible for maintaining energy infrastructure and supplying energy to specific regions. While distributors do not set energy prices, the network you are supplied through dictates the Reference Price within that region. Additionally, take advantage of government rebates and energy assistance programs, such as the $300 Federal Energy Relief Credit, the NSW Low Income Household Rebate, and the Medical Energy Rebate, to further reduce your power costs.
By following these steps and considering multiple factors, you can make an informed decision about choosing the best electricity plan in Sydney, potentially saving hundreds of dollars on your annual energy bills.
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Energy distributors in Sydney
Energy distributors are companies that maintain energy infrastructure, such as power lines and gas pipes, and ensure a stable energy supply to connected properties. In Sydney, there are three electricity distributors, each responsible for a separate region:
Ausgrid
Ausgrid provides power to 1.8 million customers in Sydney, the Central Coast, and the Hunter Valley. It is one of the main distributors in the city, with its network covering Sydney's Southern Suburbs, City, Northern Suburbs, Inner West, and Eastern Suburbs.
Endeavour
Endeavour distributes power to 2.7 million people, serving a large area that includes Sydney's Greater West, the Blue Mountains, Southern Highlands, the Illawarra, and the South Coast.
Essential
Essential Energy services around 800,000 customers, delivering power to 95% of NSW, including Southern Queensland and Northern Victoria.
While distributors do not influence energy bills directly, the network you are supplied energy through does dictate the Reference Price within that region. This means that your choice of distributor can impact your energy costs.
When looking for the cheapest electricity rates in Sydney, it is important to compare plans based on factors beyond just the headline rate. Consider daily supply charges, usage rates, solar feed-in tariffs if you have solar panels, and potential discounts or promotions.
Some of the cheapest electricity rates in NSW currently belong to GloBird Energy, Nectr, Powershop, and Kogan Energy. GloBird Energy's BOOST Residential (Flat Rate)-Ausgrid plan is particularly notable for its low costs.
Remember that your energy usage rates will likely have the biggest impact on your bills, so it is worth comparing your unique energy use with the various plans offered by retailers to find the most cost-effective option for your needs.
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Government rebates and assistance programs
The Australian Government has announced that all households and small businesses are eligible for up to $150 to help with electricity bills in the 2025-26 financial year. This is an extension of the Energy Bill Relief Fund, which was allocated $1.8 billion in the 2025-26 Budget. These rebates will be applied automatically to electricity bills in two $75 quarterly instalments.
In addition, the NSW Government offers energy rebates to help low-income households, families, seniors, veterans, and people with certain medical conditions pay their energy bills. Here are some of the key rebates available:
- NSW Low Income Household Rebate: Eligible households with concession cards can access an additional $350 per year to help with electricity costs.
- Medical Energy Rebate: Households with eligible medical conditions requiring energy-intensive equipment may receive up to $400 per year in extra bill support.
- Seniors Energy Rebate: Self-funded retirees holding a valid Commonwealth Seniors Health Card can receive $200 each financial year to help pay their electricity bills.
- Family Energy Rebate: Families with dependent children may be eligible for this rebate. To be eligible, the applicant must be named on the electricity account and have received the Family Tax Benefit in the previous financial year, lodged their tax return, and finalized their entitlement to the Family Tax Benefit payments with Centrelink.
It's important to note that the availability and specifics of these rebates and assistance programs may change over time, so it's always a good idea to refer to official government sources for the most up-to-date information.
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Frequently asked questions
GloBird Energy currently offers the cheapest electricity plan in NSW, with its BOOST Residential (Flat Rate)-Ausgrid plan. This plan features a daily supply charge of $0.90, usage rates between 26.84–30.69c/kWh, and an estimated annual cost of around $1,791 for a typical household.
The average NSW home uses around 5,237 kWh of electricity per year, with typical annual electricity costs ranging from $1,500 to $1,900.
The DMO ensures that retailers charge a fair price for electricity, but there are often cheaper deals available. Most power companies offer 'market offers' that are more competitive in terms of price and benefits.
Besides the headline rate, consider daily supply charges, usage rates (c/kWh), solar feed-in tariffs, discounts, promotions, and rewards programs.
Yes, the NSW Government offers a $300 Federal Energy Relief Credit, a Low-Income Household Rebate of $350, and a Medical Energy Rebate of up to $400 for eligible households.
