Find out your energy provider options in New South Wales and compare now.
The energy market in NSW is a free market, meaning your choice of provider may have a large impact on the size of your energy bill.
Find out how to compare energy providers and if you can save by switching plans below.
Essential facts about NSW energy plans
- You have a choice of more than 20 electricity providers and more than 10 gas providers
- You may be eligible for rebates or concessions on your energy bill
- Switching to a different plan may help save you money
- There may be additional costs to be aware of when switching
Compare energy retailers in NSW
How does the energy market work in NSW?
The NSW energy market is currently deregulated, with electricity deregulated in 2014 and the gas market deregulated in 2017. This has led to a wide range of competitors in both markets, but not necessarily lower prices.
In New South Wales, there are three electricity distributors that maintain the electricity grids in different parts of the state.
- Endeavour Energy. Southern and western metropolitan Sydney and surrounding area, including the Illawarra and the Blue Mountains
- Essential Energy. Regional and country NSW
- Ausgrid. Inner Sydney, as well as northern and eastern metropolitan Sydney and surrounding area
There are then more than 20 retail providers that sell the electricity from these grids on to customers.
- 1st Energy
- Blue NRG
- Diamond Energy
- Energy Locals
- Enova Energy
- Locality Planning Energy
- M2 (Dodo)
- Mojo Power
- Momentum Energy
- Next Business Energy
- OC Energy
- People Energy
- Pooled Energy
- Real Utilities
- Red Energy
- Sanctuary Energy
- Savant Energy Power Networks
- Simply Energy
There are also three gas distributors operating in NSW.
- Central Ranges System. Tamworth
- Jemena Gas Networks. Sydney, Newcastle, Wollongong, Central Coast and parts of country NSW
- Wagga Wagga Gas Network (Australian Gas Networks). Wagga Wagga and Albury
Gas is then sold on to consumers by more than 10 retail suppliers.
- M2 (Dodo)
- Red Energy
- Simply Energy
What to look for when comparing energy plans
Like any other market, energy retailers are competing for your money, so it makes sense to shop around. While there is no single best energy plan for everyone, you should keep the following in mind when comparing electricity and gas providers:
- Usage options. Some providers offer more than one energy product and may let you buy your energy in different ways with different prices. For example, Powershop offers NSW consumers the option of buying energy in advance instalments, with various discounts. Many providers offer a number of different plans, so look for the one that works best for you.
- Flexible payment. Check to see what provisions there are for paying your bills. It might be possible to pay in advance or in flexible instalments. For some customers, flexibility can mean the difference between paying on time or paying late and incurring a fee. You should compare what the fees are for late payment as well.
- Discounts. Energy providers want your money and frequently offer discounts for new customers. This alone can make switching worthwhile; but it's a good idea to look for a plan that extends discounts to customers beyond the early stages of a contract. You may be able to negotiate a better deal if you've been with the same provider for a long time and some plans may even include discounts for paying bills on time.
- Bundling. If a provider allows you to bundle your gas and electricity, they may offer a discount for doing so.
- Monitoring. Could an energy app help you save money? Some providers let you track your energy usage through their smartphone app. This could help you understand your usage patterns, and you'll be better informed when you make future energy purchases.
- Rebates. Energy customers in NSW are entitled to rebates if they hold a valid concession card.
How can I switch providers?
The supply of energy in NSW is a free market, which means suppliers are able to set their own prices. While your electricity and gas may come from the same distribution network, your choice of retail provider can make a noticeable difference to the size of your energy bill.
If you've compared electricity and gas plans in the table above and believe you can get a better deal, it may be worth switching providers. It is relatively easy to switch providers and is simply a matter of applying with the new provider and cancelling your existing plan. Your new provider should generally be able to supply your energy by the next day.
What to consider before switching energy plans
While it's fairly straightforward to switch energy providers, there are a number of things to keep in mind to ensure switching is the right choice for you.
- Early termination fees. Some energy providers charge a fee if you terminate a contract early. You should factor this in to your costs when comparing retailers and deciding if switching will help save you money. Early termination fees typically range from $40 to $100 and are specified in your contract.
- Tariffs. These are made up of two charges: a supply charge, which is effectively a fixed service fee, and a rates charge, which is based on your energy consumption. Tariffs will vary between plans and providers, and they may be either fixed or variable.
- Cooling-off periods. Check if a provider's energy plan comes with a cooling-off period. By law, many plans must have a 10-day cooling-off period that allows you to cancel a plan free of charge.
- Contract terms. Pay close attention to the contract terms. Some providers will automatically roll over your contract when it expires, which can be convenient, but may come with additional costs if you then break the contract.
The best way to make sure an energy deal is right for you is to understand exactly what you need.
Some plans offer free energy at certain times of day, which can be useful if you use energy mainly at these times. If you have a busy household and use energy consistently throughout the day, you might prefer a plan that charges a flat, all-day rate.
If you work irregular hours, a plan with peak and off-peak pricing might be a great way to cut down on your power bills.