The two main types of energy plans you may come across are:
| PLANS WITH NO CONTRACT TERM | ONGOING CONTRACT WITH BENEFIT PERIOD | |
|---|---|---|
 Fees for leaving the contract | None | Usually |
 What happens over time? | Plan continues unless it's cancelled | Retailers will either roll over your plan with a new benefit period (either with the same benefit or a new benefit) or they will continue the contract with no benefit |
 Responsibility of provider | Notify you if price changes | Must tell you your benefit is ending or if they are rolling over your plans with a new benefit at least 20 business days before it happens |
 Price changes | Prices may change at any time | Prices are fixed for the benefit period |
 Who is it best for? | You don't want to be locked into a plan | You want to get prices locked in for a period of time and don't mind a contract that continues indefinitely |
We've explained each contract in greater detail below to help make sure you know what you're getting into when shopping for an energy plan.
| Plans with no contract | |
|---|---|
| No |
| Plan continues unless it's cancelled. |
| Notify you if prices change. |
| Prices may change at any time. |
| You don't want to be locked into a plan. |
| Response | WA | VIC | SA | QLD | NSW |
|---|---|---|---|---|---|
| Single rate tariff | 47.86% | 31.23% | 26.58% | 32.29% | 30.85% |
| I don't know | 35.9% | 38.6% | 37.97% | 39.46% | 38.3% |
| Time of use tariff | 11.11% | 17.19% | 16.46% | 9.87% | 16.2% |
| Time of use + controlled load tariffs | 5.13% | 12.98% | 18.99% | 18.39% | 14.65% |
| Ongoing contract with benefit period | |
|---|---|
| Usually |
| Retailers will either roll over your plan with a new benefit period (either with the same benefit or a new benefit) or they will continue the contract with no benefit. |
| Must tell you your benefit is ending or if they are rolling over your plans with a new benefit at least 20 business days before it happens. |
| Prices are fixed for the benefit period. |
| If you want to get prices locked in for a period of time and don't mind a contract that continues indefinitely. |
While the energy market used to have quite a few energy contracts with set periods and exit fees, this is no longer the case. Finder's latest search of energy plans on the government's comprehensive plan database, Energy Made Easy(1), returned zero plans with exit fees in NSW.
It's still worth double-checking when you sign up, but on the whole you don't need to worry about being locked into a contract.
If you're comparing energy you may have come also across the following terms: Standing offers and Market offers. Our infographic below helps explain the difference.
We know our stuff. Our experts review hundreds of plans each month. It's hard work, but we love it.
You can rely on us. We update plan data on dozens of providers daily, and we're constantly fact-checking.
We're here to help. We've helped millions of Aussies find cheaper energy. That's pretty powerful.
Our energy guides can help you compare and understand what plan is best for you.
Best energy plans: 5 plans selected by our experts, assessed and updated regularly
Cheap energy plans: Find the cheapest energy plans available this month
Solar power plans: Got rooftop solar? Compare your options and save even more
Average energy bill: Find out how your energy bill compares to the rest of Australia
Interested in buying local? Here’s who owns the energy companies you see in Australia.
Make your business environmentally friendly with one of AGL’s carbon neutral energy plans.
It can cost between $137 and $707 to keep cool depending on where you live, but there are ways to keep energy bills down.
You could be charged anywhere between $6 to $100+ for transferring energy accounts to your new address.
Smart meters provide a more detailed breakdown of your electricity usage. Here's how they work.
Controlled load tariffs make energy-hungry appliances with limited operating periods cheaper to run.
It's going to cost on average $257 to keep warm this winter.
Here's how you can get cheaper energy in NSW.
Curious about solar for your business? Read all about the benefits and the shortcomings, here.
Find out how the NT energy market works and compare your options now.
