Discover Cheap Electricity Plans in Sydney – Compare Energy NSW

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Over the past two years, the East Coast of Australia has struggled through the effects of a global energy crisis, putting Sydneysiders at the heart of volatile, record-high gas and electricity prices. While rising prices are still an issue in 2023, there are things you can do to find cheap Sydney electricity plans and save money on your quarterly bills. Call CheapBills to find out just how easy it can be to connect now and save!

Sydney Electricity Provider Comparison with CheapBills

Our electricity and gas comparison service is a fast, free and convenient way to find cheap electricity prices and competitive energy plans from our panel of providers. Switch electricity in Sydney with CheapBills today and watch your savings grow.

Comparing the sea of energy plans can be overwhelming, but at CheapBills, we make it easy. We help you find electricity providers that tailor the right energy plan for your household or business. We can help you compare energy plan details and electricity prices online from the comfort of your home so that you can make an informed decision every time. We recommend that you compare energy plans annually to take advantage of better deals and tap into reduced electricity and gas rates from your preferred power supplier.

Understand My Connection to Compare Energy NSW

To help us match you with the right plan, the first step is understanding your electricity needs. If you have a smart meter installed at your home, then it’s easier than ever to track how and when your home uses energy.

By reviewing the data in your retailer’s app, you can see what time of day and which days of the week you use the most energy. If you have solar power, you will also be able to review how much excess energy you generate to sell to the grid.

If you don’t have a smart meter, you need to consider how many people live in your house, what times they are home, whether anyone works from home and when you use energy-hungry appliances such as heating and cooling, hot water, laundry, pool pumps or charging an electric car so you have electricity connected with the right tariffs to maximise your savings.

With this information, our experts can compare energy NSW from the plans available in the Sydney area to find one that suits your needs from our panel of energy providers.

Understand My Connection to Compare Energy NSW

Understand Gas and Electricity Plans Sydney

The electricity rates in Sydney are determined by the Default Market Offer (DMO). This is a price set by the government based on the cost of wholesale power and the costs incurred in delivering it to your home. 

Each Sydney electricity provider has a Standing Offer plan, which is equivalent to the DMO. This is often called a Basic or Standard plan and is usually a no-frills, no lock-in, ongoing contract. 

Each retailer also has a range of enticing Market Offers. These include discounted electricity rates and perks such as sign-up credits, loyalty schemes, flexible payment options and discounts on your total bill.

Market offers generally have a benefit period of 12 months. After that, you will automatically be transferred to a Standing Offer, so it’s really important to compare energy plans every year to make sure you aren’t paying more than you need to.

What are the Different Charges and Tariffs Available in Sydney?

You will see two charges on your Sydney energy bills – a supply charge and a usage charge.  The supply charge is the cost from the distributor in your area to maintain the electricity grid and read and maintain your meter.

The usage charge is the cost per kilowatt hour (kWh) for the electricity you consume from your power supplier. In Sydney, when you review electricity compare the different rates, or tariffs, to suit your energy habits and maximise your savings. These tariffs include:

  • Single rate tariff 24/7 – you pay the same for energy used at any time of the day
  • Time of use tariffs (ToU) –  for peak, shoulder, and off-peak energy usage
  • Controlled load tariffs – for specific appliances such as pool pumps of hot water systems
  • Solar feed-in tariffs – for selling energy back to the grid

Who are the Cheapest Electricity Providers in Sydney?

Sydneysiders have plenty of options to consider to compare energy plans. The cheapest plan for your home will depend on the rates and tariffs you choose to match your energy usage. CheapBills will compare energy NSW from our preferred Sydney electricity providers.

Other retailers servicing the Sydney region include AGL, Origin Energy, Alinta Energy, Dodo Power and Gas, Simply Energy, Globird Energy, Lumo Energy, Kogan Energy, Momentum Energy, Powershop, Red Energy and ReAmped Energy. You can visit their websites to compare energy online from these retailers.

If you are unsure, call CheapBills on 1300 786 045 to discuss the options available in your area.

Who are the Cheapest Electricity Providers in Sydney

Key Factors to Consider When You Switch Electricity Providers

While many providers claim to have the cheapest energy rates, it’s essential to consider plan details. These are things that are relevant to your unique circumstances, so it’s important to understand your needs and preferences before making a final decision. Here are some questions to ask yourself before you switch electricity plans:

  • Can I bundle electricity and gas plans?
  • How long is the benefit period?
  • Are there exit fees if I change energy plans?
  • Can I transfer the plan if I move?
  • What is the solar power feed-in tariff?
  • What are the customer support options?
  • Are there flexible payment options?

Rebates and Concessions for Sydney residents

If you are a low-income earner, concession card holder or experiencing hardship, there may be help available from the state or federal government. Eligible customers in New South Wales can access energy plan rebates such as:

  • Low-income household rebate
  • Gas rebate
  • Family energy rebate
  • Life support rebate
  • Medical energy rebate
  • Seniors energy rebate
  • Energy Accounts Payment Assistance Scheme

Visit the Energy NSW website to learn more about each of these rebates and schemes, and to find out if you are eligible to apply.

Compare Energy NSW With CheapBills

Compare Energy NSW

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Our 100% free comparison service will compare electricity plans in Sydney from our preferred providers to find the option that best fits your needs.

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Our friendly team is waiting to help you find a cheap Sydney electricity plan for your family. Just connect by using the details below.

       1300 786 045

Important Note: All the rates, plans and offers stated in this article are subject to change at the provider’s discretion and might not be updated after the publish date unless stated otherwise. We try our best to update all the rates mentioned in our blogs as soon as possible. All articles updated will have the update dates mentioned. Thank you for your patience!