Cheapest electricity plans in New South Wales
Compare electricity providers in New South Wales and see estimated annual bills based on average household usage. Finding a cheaper electricity plan can save hundreds of dollars per year. Average electricity rates in NSW are currently around 28.5c/kWh with a typical annual bill of $1,450.
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Reference bill assumptions
Estimated annual bills below are calculated for a typical NSW 3-bedroom household using approximately 5,293 kWh per year (14.5 kWh/day). Individual bills will vary based on actual usage, discounts, and your specific plan terms.
Electricity providers in New South Wales — estimated annual bills
| Provider | Avg rate (c/kWh) | Supply charge ($/day) | Est. annual bill | Rating |
|---|---|---|---|---|
CheapestOVO Energy | 27.2c | $0.95 | $1,420 | 4.1 |
| 27.4c | $0.97 | $1,435 | 3.9 | |
| 27.5c | $0.98 | $1,430 | 4.4 | |
| 27.8c | $1.00 | $1,445 | 3.7 | |
| 27.8c | $1.00 | $1,450 | 3.8 | |
| 28.2c | $1.02 | $1,475 | 3.7 | |
| 28.5c | $1.05 | $1,490 | 3.8 | |
| 29c | $1.05 | $1,510 | 3.9 |
* Estimated annual bills are indicative only, based on reference usage assumptions above. Rates and plans change regularly — compare live plans for current pricing.
Electricity market in New South Wales
New South Wales has a fully competitive electricity retail market. Consumers can choose from a wide range of retailers and switch plans at any time.
The Australian Energy Regulator (AER) sets a reference price for NSW to help consumers compare plans. Most market offers are priced relative to this benchmark.
How to compare electricity plans in New South Wales
- 1
Check your current rate
Find your current usage rate (c/kWh) and daily supply charge on your electricity bill. This is your benchmark for comparison.
- 2
Enter your postcode
Use our comparison tool and enter your New South Wales postcode to see plans available in your area.
- 3
Compare estimated annual costs
Look at the estimated annual bill for your usage level, not just the headline rate. Supply charges and usage tiers all affect your total cost.
- 4
Check contract terms
Some cheaper plans have no exit fees; others lock you in. Read the plan's Basic Plan Information Document (BPID) before signing up.
- 5
Switch online
Most retailers let you switch online in minutes. Your new retailer arranges the change and supply is not interrupted.
Why do electricity prices differ across New South Wales?
Electricity prices in New South Wales vary for several reasons:
- Distribution network: Your local distributor's network charges vary by region within NSW. Metropolitan areas often have different distribution costs to regional or rural areas.
- Retailer margin: Each retailer adds its own margin to the wholesale electricity cost and network charges. Smaller or newer retailers sometimes offer sharper pricing to attract customers.
- Usage tier structure: Some plans charge different rates depending on how much electricity you use. High-usage households may benefit from plans with a lower step-one rate.
- Contract type: Fixed-rate plans lock in a rate for 12–24 months, while variable plans can change. Fixed plans offer price certainty; variable plans sometimes offer lower rates but can increase.
- Solar feed-in tariff: If you have rooftop solar, the feed-in tariff rate affects your net bill. Comparing both the usage rate and the feed-in rate is important for solar households.
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Frequently asked questions
What is the cheapest electricity plan in New South Wales?
The cheapest electricity plans in New South Wales vary based on your usage, location, and whether you have solar. Based on average usage rates, OVO Energy typically offer some of the most competitive rates. Use our comparison tool to find the best current offer for your postcode.
How is "cheapest" electricity assessed in New South Wales?
Cheapest is assessed by comparing the estimated annual electricity bill for a typical NSW 3-bedroom household, based on the provider's average usage rate (c/kWh) and daily supply charge. Individual bills vary based on actual usage, discounts, and plan terms.
Can I switch electricity providers in New South Wales?
New South Wales has a fully competitive electricity retail market. Consumers can choose from a wide range of retailers and switch plans at any time. Switching is free, straightforward, and does not interrupt supply.
What is the reference price in New South Wales?
The Australian Energy Regulator (AER) sets a reference price for NSW to help consumers compare plans. Most market offers are priced relative to this benchmark.
How much does electricity cost in New South Wales per kWh?
Average electricity rates in New South Wales are approximately 28.5c/kWh, with an average daily supply charge of $1.05. Average annual bills are around $1,450.
How do I find the cheapest electricity plan for my home in New South Wales?
Use our free comparison tool and enter your postcode. You can compare current plans from retailers available in your area, sorted by estimated cost for your usage level.
Last updated: 8 March 2026. Rates are indicative estimates based on published plan data.