Cheapest electricity plans in Queensland
Quick answer
The lowest benchmark electricity rate in Queensland on our panel is around 27.2c/kWh (OVO Energy), based on AER reference pricing and typical household usage. The cheapest plan for your home depends on your actual usage, solar setup, and postcode, so it pays to compare current offers before switching.
Compare electricity providers in Queensland and see estimated annual bills based on average household usage. Finding a cheaper electricity plan can make a meaningful difference to your household budget. Average electricity rates in QLD are currently around 27.2c/kWh.
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Bill estimate source
Estimated annual bills below are based on the AER Default Market Offer reference price (or ESC Victorian Default Offer for VIC) and assume typical household usage. Individual bills will vary based on actual usage, discounts, and your specific plan terms.
Electricity providers in Queensland — estimated annual bills
| Provider | Avg rate (c/kWh) | Supply charge ($/day) | Est. annual bill |
|---|---|---|---|
CheapestOVO Energy | 27.2c | $0.95 | $1,420 |
| 27.5c | $0.98 | $1,430 | |
| 27.5c | $0.98 | $1,450 | |
| 27.8c | $1.00 | $1,445 | |
| 27.8c | $1.00 | $1,450 | |
| 27.8c | $1.00 | $1,480 | |
| 28c | $1.02 | $1,520 | |
| 28c | $1.00 | $1,500 | |
| 28.2c | $1.02 | $1,475 | |
| 28.2c | $1.04 | $1,510 | |
| 28.5c | $1.05 | $1,490 | |
| 29c | $1.05 | $1,510 |
* Estimated annual bills are based on AER Reference Price / ESC VDO benchmarks. Rates change regularly — compare live plans for current pricing.
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Electricity market in Queensland
South-east Queensland has a competitive electricity market, while regional Queensland has fewer retail options.
The Queensland Competition Authority (QCA) sets a notified price for regional customers. In south-east Queensland, market offers compete with the regulated tariff.
How to compare electricity plans in Queensland
- 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 Queensland 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. Your new retailer arranges the change and supply is not interrupted.
Why do electricity prices differ across Queensland?
QLD electricity bills have risen approximately 5.1% over the past year, with the average annual household bill now sitting at $1,420. Several factors drive variation within the state:
- Distribution network: Your local distributor's network charges vary by region within QLD. 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.
More electricity resources for Queensland
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Frequently asked questions
What is the cheapest electricity plan in Queensland?
Based on our current dataset, OVO Energy is among the more competitively rated options for average usage rates in Queensland. Plan-level rates change frequently. Use our comparison tool to see the latest offers for your postcode.
How is electricity plan cost assessed in Queensland?
Plan cost is estimated by comparing the annual electricity bill for a typical Queensland 3-bedroom household, based on the provider's average usage rate (c/kWh) and daily supply charge. Actual bills vary based on usage, discounts, and plan terms.
Can I switch electricity providers in Queensland?
South-east Queensland has a competitive electricity market. Regional Queensland has fewer retail options, with Ergon Energy Retail as the primary provider outside the SEQ grid. Switching is free and does not interrupt supply.
What is the reference price in Queensland?
The Queensland Competition Authority (QCA) sets a notified price for regional customers. In south-east Queensland, market offers compete with the regulated tariff.
How much does electricity cost in Queensland per kWh?
Average electricity rates in Queensland are approximately 27.2c/kWh, with an average daily supply charge of $1. Average annual bills are around $1,420.
How do I find a competitive electricity plan for my home in Queensland?
Use our free comparison tool and enter your postcode. You can review current plans from retailers available in your area, filtered by estimated cost for your usage level.
How we calculate these estimates
The figures below reflect state-level benchmark data from distributor zones across this state.
Estimated costs can vary by usage, tariff type, retailer, distributor, and address. Both supply charges (the daily fixed cost of being connected) and usage rates (c/kWh) affect your total bill. Solar feed-in tariffs vary by retailer and plan. Always review plan details, fees, and conditions before switching.
Data sources
- AER Default Market Offer (DMO) reference pricing
- ESC Victorian Default Offer (VDO) benchmarks
- Distributor zone boundary data
- Published retailer plan information
These are indicative estimates only. Your actual bill depends on your specific plan, usage patterns, and applicable discounts. Read our full methodology.
Methodology last reviewed: June 2026.
How we make money
EnergyPlans.com.au may receive a commission if you switch through our comparison partner. This does not change the price you pay, but it may influence which plans are available through our service. We do not compare every plan in the market.
Our editorial content, methodology, and benchmark data are independent of any commercial relationship. Always review plan details, including any fees or conditions, before switching. How we make money.
Data shown for Queensland electricity.
Last updated: June 2026. Rates are indicative estimates based on published plan data.