In South Australia households pay the highest prices for electricity. SA is also reliant on renewable energy generation. The high demand in hot summer days, supply failed to meet demand which results in blackouts. That’s why it’s really important for you to compare electricity plans and prices make sure to get the best deal available.
Overview of SA Electricity Market
SA Electricity Market was deregulated in 2012 which open doors for new electricity providers to enter the local market. According to the Australian Energy Regulator, 75% of households remain with one of the big three- AGL, Origin and Energy Australia. Electricity prices in SA also had to be agreed with the Essential Services Commission of South Australia.
Electricity Contracts in SA
One way to know the best deal is to know what type of contracts are available. There are two types of electricity contracts available in SA:
Standard Contracts are contracts that must be offered in addition to their market contracts. The rates are set by the retailers following conditions set by the government. There are no fixed term agreements, no exit fees and prices to be reviewed only every 12 months. These types of contract are more expensive compared with a market contract if there will be no conditional discounts.
Market Contracts are contracts set out entirely by retailers. Retailers can change the rates without prior notice and exit fees may apply. The plans come with varying contract lengths and conditions sometimes with conditional discounts, incentives.
Electricity Costs in SA
The electricity prices are different from one retailer to another. There are two charges make up an electricity bill:
Supply Charges are what you need to pay for being connected to the electricity grid. The daily charges are fixed no matter how much power you use. The supply charges vary between plans and providers from 80 cents to more than $1 per day.
Usage Charges are rates for your actual electricity usage but depend on your provider and the tariff structure of your plan. Electricity usage rates costs from 30 cents per kWh up to 45 cents.
Electricity Plans in SA
All providers in SA offer variable-rate plans, the supply and usage charges can change by the retailer anytime.
Few offer fixed rate plans with fixed rates and usually in 24 months term.
Electricity Discounts in SA
Electricity providers in SA commonly give out more than 20% off, but that doesn’t mean that the biggest discounts will be the biggest savings. Discounts are given in SA: discount off usage charges or entire bill, pay on time discount or pay by direct debit. Make sure to meet the conditions to continue the discounts, failure will result in much higher prices, and you may also be charged a fee.
Electricity Tariffs in SA
There are two electricity tariffs in SA: ‘single rate’ and ‘time of use’.
Single Rate Tariff- the same price for electricity usage is being charged regardless of when you use it.
Time of Use Tariff– the rates of electricity can be charged differently depending on the time of usage.
Majority of households in SA have single rate tariff and block rates.
Tariff 110– also called ‘peak’, ‘domestic’ or ‘anytime’ on your bills. This comes with ‘block rates’, which means the price you pay for electricity will depend on how much you use rather than when you use it. Energy usage is split into daily blocks, with the first ‘block’ of power (typically 11 kWh) usually charged at the lowest rate.
Controlled Load Tariffs– also known as “Tariff 116”. This is a separately metered circuit for major appliances, usually for hot water system or pool pump that will be supplied for a few hours each day. This often costs less than 20 cents per kWh.
Demand Charges– some retailer adjusts their prices between summer and winter; higher rates in summer and lower in winter.
Cheapest Market Offers in SA
Below is the table of the cheapest market offers in SA:
|SUMO||Sumo Assure Advantage Residential||No Discount||Ongoing |
contract with Ongoing benefit period
|Lumo||Lumo Plus||No Discount||No contract term|
|Origin Energy||Origin Go Variable||No Discount||Ongoing |
contract with 12 months benefit period
|Red Energy||Red BCNA Saver||No Discount||No contract term|
|Diamond Energy||Everyday Renewable Saver||Pay on time discount on total bill 2%||No contract term|
|Energy Australia||Basic Home||No Discount||No contract term|
|Powershop||100% Carbon Neutral||No Discount||No contract term|
|Energy Locals||Local Member||No Discount||No contract term|
|CovaU||Default Market Offer - Residential SA Single||No Discount||No contract term|
|GloBird Energy||Residential DMO (Flat Rate)-SAPN||No Discount||No contract term|
|Ovo||The One Plan||No Discount||No contract term|
|Circular Energy||Friends of Oxamii Anytime||No Discount||No contract term|
|Kogan Energy||Kogan Energy Basic||No Discount||No contract term|
Complete List of Electricity Providers in SA
- 1st Energy
- Alinta Energy
- Click Energy
- Diamond Energy
- Discover Energy
- Dodo Power & Gas
- Elysian Energy
- Energy Locals
- Future X Power
- Globird Energy
- Kogan Energy
- Lumo Energy
- Momentum Energy
- Origin Energy
- OVO Energy
- People Energy
- ReAmped Energy
- Red Energy
- Simply Energy
- Social Energy
If you haven’t switched your provider for two years or more, you are certainly paying more on your bills. The cheapest offers are often with conditional discounts, most are for new customers. Also, keep in mind that the cheapest electricity provider might not be the best for you. Review your options, click here.