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Fixed rate energy plans

Fixed rate energy plans let you lock in a price for electricity for up to 24 months. Compare fixed rate energy plans from across Australia.

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

In Australia, energy plans come with either variable or fixed rates. When energy prices are going up (as they are right now, especially in NSW and QLD) switching to a provider with a fixed rate energy plan is something you should consider.

Important: As of June 2022, there is a lot of volatility in the energy market. It is possible that some of the providers compared below may have recently suspended their fixed rate energy plans. We'll do our best keep this page up to date, but you'll need to check the details of your new plans to be sure.

Compare fixed rate energy plans in your state

Below are a list of Australian energy providers that offer a fixed rate energy plan in each state. Energy prices can vary a lot from state to state, so make sure you're comparing plans where you live.

Energy plan prices are changing frequently right now. We calculated typical prices for providers for a 2-3 person household using data from the Energy Made Easy site. Always double-check plan details that matter to you.

Fixed rate energy plans in NSW

Providers Average Annual Electricity Average Annual Gas Rates Compare prices

Origin Go

Origin logo
$1,810
$830
Fixed rate for 12 months
See your rates
Red Energy Living Energy Saver Picture not described
$1,520
$750
Fixed rates, guaranteed until 31 May 2023
See your rates

Fixed rate energy plans in VIC

Providers Average Annual Electricity Average Annual Gas Rates Compare prices

Origin Go

Origin logo
$1,217
$1,784
Fixed rate for 12 months
See your rates
Lumo Value Picture not described
$1,026
$3,888
Fixed rates, guaranteed until 31 Aug 2023
See your rates
Tango Picture not described
$1,463
Price not available
Fixed rate for 12 months
Learn more

Fixed rate energy plans in QLD

Providers Average Annual Electricity Average Annual Gas Rates Compare prices

Origin Go

Origin logo
$1,610
$630
Fixed rate for 12 months
See your rates

Fixed rate energy plans in SA

Providers Average Annual Electricity Average Annual Gas Rates Compare prices

Origin Go

Origin logo
$2,180
$1010
Fixed rate for 12 months
See your rates

Why are there no fixed rate energy plans in Western Australia?

Energy plans in Western Australia work a little differently to the rest of the country. You won't get a choice between the 2 providers, Synergy or Horizon – your address will determine which you're able to go with. This means that there aren't any options for fixed rate energy plans in WA.

What are fixed rate energy plans?

Fixed rate energy plans are products offered by energy retailers that lock in electricity and gas prices for a certain period of time, generally 1 or 2 years. If you get a fixed rate energy plan, the price you pay per kilowatt-hour for electricity and gas will be "fixed" for the duration of your contract.

Where can I get a fixed rate energy plan?

Not all energy providers in Australia offer fixed rate plans. This is the list of providers that currently offer fixed rate plans across Australia:

Other providers may offer fixed rate energy plans in certain states.

What are the pros and cons of fixed rate energy plans?

Pros

  • Price certainty. The biggest advantage of a fixed price plan is that you'll always know how much you'll be paying for gas and electricity for an agreed period of time.
  • Can save you money. If retail energy prices go up during your fixed rate contract, you'll end up paying less for energy than you would be if you were on a standard variable rate plan.

Cons

  • Lock-in contract. Fixed rate energy plans are normally offered as 1- or 2-year contracts. If you decide to leave the plan early, you may need to pay a fee.
  • May end up being more expensive. While you could be saving money compared to a variable plan if energy prices go up, the same is true in the opposite direction. If energy prices fall during your contract, you may end up paying more for energy than someone on a variable rate energy plan.

Fixed rate vs variable rate energy plans

The key difference between a fixed rate energy plan and a variable rate energy plan is that the price you pay for gas and electricity on a fixed rate plan doesn't change, while it can on a variable rate plan. Those looking for more price certainty and stability may prefer to get a fixed rate energy plan, while those looking to take advantage of potential lower energy prices may prefer a variable rate plan.

As with any other product, it's best to compare a range of fixed rate and variable rate energy plans to find the one that best works for you.

Frequently asked questions

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