Compare Electricity Providers in QLD. Uncover great deals for your home or business. Start saving on electricity costs today!
Queensland's Electricity Market is not as big as that of Victoria or New South Wales. A lot has been stuck on the same old energy tariffs. Several new providers entered the market since the market was deregulated. They are offering several plans to lower your energy bills but you may not be aware of this.
Here’s everything you need to know about QLD electricity providers:
In SE QLD (Brisbane, Ipswich, Toowoomba, the Gold Coast, and Sunshine Coast), the electricity market is fully deregulated since 2016. Energy retailers were free to set their own products, pricing, and conditions. Many of the households in these areas are still on standard contracts, likely to be paying more than they need to.
In regional QLD (Bundaberg, Rockhampton, Townsville, Cairns, Mount Isa, and all regional areas in between), prices remain regulated by the Queensland Competition Authority meaning households can’t choose their provider. The government continues to control electricity pricing with Ergon Energy. Electricity costs in regional QLD are subsidised by the Government to ensure households do not end up paying more than those in SE QLD.
Households have a wide variety of plans to choose from as there are a lot of providers offering services in SE QLD.
The majority of these offers contracts with variable rates, retailers can adjust prices anytime without prior notice. Some offer fixed-rate deals in two years benefit period with the same rate.
It’s important that you understand the different costs that make up energy bill as it comes in all sorts of prices and charges.
Electricity providers in QLD offer plans with up to 25% off usage charges, receive bills via email, pay on-time discounts, or by direct debit payment. Remember not all plans with the biggest discount result in the lowest prices, make sure to check on the usage or supply charges.
There is a wide range of energy rebates available in QLD to help reduce electricity costs. You can contact your retailer for details.
The electricity tariffs relate to the energy plan structure. All plans have a fixed daily charge for all power supply but the rates you pay for electricity usage depend upon your usage. There are two primary tariffs available in QLD:
Prices in SE QLD are set by the retailers, other areas are set by the Queensland Competition Authority.
Understand first the different pricing structures to find what suits you. A smart meter can help you save on a time-of-use tariff. Switching to a time-of-use tariff and your usage is still high when prices are highest in the early evening might still cost you.
Complete List of Electricity Providers in QLD
Picking a new energy provider is not an easy task to do. Most of the retailers offer plans with no fixed term, no exit fees- you can easily switch if you’re not satisfied with the service.
Here are some things to consider to compare electricity providers in QLD: