Here are the top 3 cheapest electricity plans for June 2024.
23% less than reference price
Basic Plan Information
22% less than reference price
Basic Plan Information
22% less than reference price
Basic Plan Information
It's easy to get overwhelmed by choices. So here's a look at the 3 cheapest gas plans available right now.
Basic Plan Information
Basic Plan Information
Basic Plan Information
The simple answer is that shopping around can save you money. However, this only applies to households living in South East Queensland.
Electricity prices in regional Queensland are regulated by the Queensland Competition Authority so you can't really switch around. This is to protect customers from being overcharged as it's more expensive for retailers to service regional areas.
Some households may be able to compare gas plans.
Now for those of you who can compare electricity and gas plans, here's a rundown of why it's important to do so minus the obvious:
When you're comparing electricity or gas plans from various providers, there are a few key details to keep an eye on:
How much you're charged for energy in QLD will depend on the type of tariff you're on. These include:
You'll either be charged a flat rate throughout or your bill will be based on a stepped rate structure, which is a lot more common among retailers.
For example, you could be charged a certain price for the first 45MJ, another price for the next 35MJ and so on.
Finder compares popular energy providers including AGL, Origin Energy and Alinta Energy.
We've broken down our list of providers in two, for electricity and gas. However, you will notice some of them will offer plans for both fuel types. They're known as duel-fuel providers.
How much you're charged per kilowatt hour (kWh) in QLD will depend on the retailer.
The average usage charge for single rate tariff plans in our database is around 32.77 cents per kWh (postcode 4000). The average supply charge sits at 117.8 cents.
Similar to electricity, your gas charges will vary depending on your provider.
The average usage charge for gas plans in our database is 4.21 to 4.49 cents per megajoules (MJ), using postcode 4000 as an example. The average supply is 122.9 cents.
It's been a whirlwind for a couple of years for energy bills, and there seems to be little reprieve for households doing it tough with the general cost of living.
The good news is you may be eligible for energy rebates and concessions if you're struggling to pay your bills.
The QLD government is giving all households a $1,000 energy rebate from 1 July 2024. It'll be credited directly to accounts by your energy retailer.
The federal government has also promised a national energy bill relief of $300, which will also paid from 1 July, but in installments.
Overall, QLD households will get at least $1,300.
You may be eligible for further concessions if you're a senior, pensioner, low-income household, or someone with medical needs. We have an in-depth guide to help you out.
Alternatively, you can call your energy retailer directly to figure out your options.
South East Queensland deregulated electricity prices in 2016. This means retailers can set their own prices.
However, the Australian Energy Regulator sets benchmark prices annually on 1 July to help residential and small business customers compare plans from various retailers.
For example, if a retailer offers a 20% discount, this is 20% off the reference price.
Electricity prices in regional QLD are still regulated.
Gas prices were degregulated ever since the introduction of full retail competition back in 2006.
Queensland is targeting 50% of electricity generation from renewables by 2030, 70% by 2032 and 80% by 2035.
The state has the highest rate of solar installations in the country, with 1 in 3 homes using solar.
If you don't have solar panels installed but want to take up some clean energy initiatives, you can sign up with a provider that offers:
GreenPower: Your electricity provider can't deliver renewable energy directly from the grid to your home. This is where GreenPower comes in. It's a government programme that lets energy retailers purchase renewable energy based on your usage, ranging from 10% to 100%. You can add this option for an extra cost.
Carbon neutral plans: If you prefer not to spend additional money, your energy provider can offset the carbon emissions from your electricity or gas usage. Some plans will specify they're 100% carbon neutral at no extra cost, while others offer it as an optional feature for a small fee.
My quarterly bill has doubled in the last 5 years - nudged along by our kids growing up and taking longer showers, but more because energy prices have skyrocketed. We shopped around and were surprised that Amber offered the best value for us. Seeing the wholesale prices in real time means we can put the dishwasher on or run the washing machine during cheaper times. On our last bill, our average was 21.5c/kWh, and the bill before that was 25c.— Sarah Megginson, Head of editorial
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