Who is the cheapest energy supplier in Australia?energy savings

There’s a question Aussies love to ask—and for good reason: “Who’s got the cheapest energy right now?” With cost-of-living pressures biting harder than a Ballarat winter, it’s no wonder people are ditching loyalty and chasing kilowatt bargains.

But here’s the rub: cheap doesn’t always mean good value. And today’s best rate might be tomorrow’s money pit if you’re not careful.

So let’s break it down—who really offers the lowest energy prices in Australia, and more importantly, how can you make sure it actually saves you money?

Which energy suppliers are currently offering the lowest rates?

Let’s cut to the chase. At the time of writing, the retailers frequently topping comparison charts for low prices include:

• ReAmped EnergyKnown for aggressive pricing and transparency. Great for digital-savvy users who don’t mind managing everything online.

• GloBird EnergyOften competitive across VIC, SA, and QLD. Watch out for low base rates but variable usage charges.

• Energy LocalsStrong ethical stance with flat, wholesale-style pricing. Often suits renters and inner-city dwellers.

• OVO EnergyUK-based, newer to the Aussie market, with a sustainability edge. Fixed-rate plans that appeal to long-term planners.

That said, pricing changes almost monthly—and thanks to Australia's Default Market Offer (DMO) and state-based variations, the cheapest provider in Sydney might be a total ripper, while offering zilch for someone in Adelaide.

💡 Tip: Instead of chasing plan discounts, look at daily supply charges and per kWh usage rates for your specific postcode.

Is switching energy providers really worth it?

Short answer: absolutely—if you know your usage.

Here's the kicker: Many Australians think they’re on a good deal, but inertia is quietly draining their bank account. According to the ACCC, households could save up to $400 a year just by switching to a market offer from a standing offer.

Anyone who's opened a quarterly bill and muttered "what the hell happened here?" knows this pain.

Switching is easier than ever. No exit fees. No downtime. You won’t lose power. In most cases, it’s like updating your Netflix subscription—just with more money at stake.

What should I look out for beyond price?

Here’s where the psychology kicks in. We’re wired to grab what looks like a discount. But behavioural economists warn about the "discount anchor"—where a high base rate makes a fake discount seem appealing.

So, consider:

• Usage patterns – do you use power during peak hours?

• Solar feed-in rates – are you giving away energy for peanuts?

• Contract length & exit conditions – are you locked in?

• Hidden charges – paper bills, credit card fees, etc.

A provider offering a flat 30% discount might still be more expensive than one with no discount but better rates.

Can an energy broker really help me save?

If you’ve ever tried comparing energy plans online, you’ll know it can feel like trying to decode cricket rules in Mandarin. Comparison sites often show sponsored results or push you toward affiliate deals—not always what’s best for you.

That’s where independent energy brokers step in. They look beyond the headlines and help small businesses or households find plans that actually fit usage profiles, not just market hype.

In fact, many smart operators are now leaning on brokers who can tailor deals across states, whether you’re running a café in Carlton or a warehouse in Western Sydney. Some of the more transparent brokers even advise on solar options, demand response, and peak load shedding.

Is there a “best time” to switch energy providers?

Funny enough—yes.

Most providers revise pricing structures in July (aligned with the DMO). That’s when retailers reassess tariffs and many sneak in price hikes. But spring and early summer (October–December) often bring competitive offers as providers scramble for sign-ups before holidays.

So if you're reading this now, you're in a prime window to review and renegotiate before summer demand spikes your usage.

Bottom Line: Cheapest ≠ Best

In the great Aussie hunt for cheap power, it’s easy to focus on dollar signs and forget real value.

Yes, providers like ReAmped or GloBird might offer the lowest rates today. But unless you consider your actual usage, time of day, state-specific factors, and billing quirks—you could still be paying more than your neighbour.

And for those looking to go deeper—like businesses juggling multi-site energy bills or landlords handling multiple properties—working with an energy broker could save time, stress, and cold hard cash.

FAQ

What’s the average electricity bill in Australia?For a standard household, the average bill ranges from $1,200–$1,800 annually, depending on state and usage.

Is solar still worth it with current energy rates?In most states—yes. Especially with rising grid prices and good feed-in tariffs. But it depends on your location and system size.

Can I switch providers if I’m renting?Yes, as long as the electricity account is in your name. Always worth checking with your landlord though.

The best energy deal? It’s the one that suits your lifestyle, not just your letterbox. And while the big names duke it out in price wars, the real winners are the ones paying attention.

For real-time comparisons and non-sponsored advice, sites like Energy Made Easy are worth a look.