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Best Energy Plans 

Compare providers through Savvy to help you find the best possible energy plan for your personal circumstances from our panel of leading retailers. 

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Savvy Editorial Team
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, updated on August 11th, 2023       

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We’ve partnered with Econnex to bring you a range of energy plans to help you compare them.

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Engie
Momentum Energy
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AGL

We’ve partnered with Econnex to bring you a range of energy plans to help you compare them.

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Looking for the best energy plan can be a challenging task. With a range of providers in the market each offering different rates, plans and benefits, it can be tough to know which one to choose. However, finding the best energy plan for your needs can help save you money and reduce the pressure on the household budget.   

Our 100% free comparison service makes it easy for you to find the best possible energy plan to suit your needs. You can instantly compare the latest energy plans from some of Australia’s leading providers online right here, so whether you're looking for a plan with fixed or variable rates, green energy options or the latest sign-up offers, we have you covered. Start comparing your options and make the switch to a better plan through Savvy today. 

How do I find the best energy plan?

The best energy plan for your circumstances will depend on several factors, including: 

  • where you live and which state you’re in 
  • the time of day and days of the week you use the most gas and electricity 
  • whether you have solar power 
  • whether you have a smart meter 
  • if you want one provider for all your energy use or separate plans 
  • whether you currently have a fixed plan which includes exit fees 
  • whether you want a fixed rate which locks you into one cost or a variable one whose rate may change over time 

At Savvy, we make it easy to compare energy plans and potentially find savings. Our 100% free comparison service makes it a breeze to compare different energy plans to help you find the best possible offer for your needs from some of Australia’s leading energy retailers. 

All you have to do is answer a few simple questions about your energy needs and typical consumption (which you can find on your current bills) and within minutes you’ll have a range of energy plans to compare online.  

It’s as simple as click, compare, choose and switch, all in one place through Savvy. 

What factors should I compare when I’m looking for the best energy plan?

There are a few areas to compare when looking at energy deals side-by-side. Here are some of the most important ones to look at: 

Overall cost of the plan  

For electricity plans, most energy companies offer quotes based on the electricity reference price and the average usage in your area per kilowatt-hour (kWh). Gas providers charge for each megajoule (MJ) of gas that you use. Electricity retailers show a percentage difference between their price, and the national reference price, which is useful in comparing overall costs. 

For example, if one company's electricity plan is 3% less than the reference price, while another is 6% less, you can easily compare them and see which one offers the cheapest electricity deal. Knowing the overall cost of a plan will help you budget for your energy expenses and find a provider that offers the best value for money. 

There will also be a general supply charge, which is calculated in cents per day, and doesn’t depend on how much energy you actually consume. 

Types of plan: fixed or variable? 

Energy plans are offered with either fixed or variable rates. 

  • Fixed rates: some plans come with fixed rates, meaning there won’t be any rate rises for a set period (usually a year). This can be a good option for those who prefer certainty in their bills and want to avoid any unexpected price increases.  
  • Variable rates: look out for low variable rates on plans, but keep in mind they can change over time. These plans can be flexible and offer potential savings, but there’s a risk of rate increases in the future. 

Discounts 

Many energy providers offer conditional or guaranteed discounts on your bills. This can help save on annual energy costs. The sort of discounts that may be on offer include: 

  • Bill credits: bill credits offer a set dollar credit amount off your energy bill, either as a one-off standalone amount or as an ongoing discount. For example, in one energy plan from NSW, you can get a $100 bill credit when you sign up, or a 4% discount on your bill ongoing. 
  • Bundling discounts: if you choose to have both your gas and electricity plans with the same provider, it’s possible to get a bundling discount from the retailer 
  • Sign-up incentives: some providers offer access to rewards programs, frequent flyer points or entertainment services when you sign up for their energy plan. This can be a good way to get extra value for your money. 

Tariffs 

A tariff refers to how you’re charged for your energy use. There are many different forms of tariff, depending on whether you’re comparing electricity, gas or solar tariffs. 

  • Electricity tariffs include single rate tariffs, time of use tariffs and controlled load tariffs. Each of these charges a different rate for the electricity you use. Knowing when you use the most electricity will help you determine the best tariffs to choose to help you keep your bills down.  
  • Gas tariffs are often in blocks of megajoules, meaning you may pay more for the first block you use (for example, the first 20 MJ of gas you use per day) and another rate for subsequent blocks. Most providers offer between two and six blocks. Again, knowing how much gas you tend to use may assist you in finding a provider with the lowest tariffs for your energy use.  
  • Solar tariffs – unlike gas and electricity, solar tariffs refer to the amount you’re paid for the excess power your solar panels generate. This is also known as the feed-in tariff, as it refers to how much electricity your panels feed into the national energy grid. Feed-in tariffs are measured in cents per kWh, and may also be in blocks in the same way as gas tariffs. For instance, you may be offered 17c per kWh for the first 8kWh per day and 3c for subsequent amounts.  

Fees 

Just like many banks, energy providers charge fees for all sorts of reasons. These may include:  

  • New connection fee 
  • Disconnection fee 
  • Membership fee 
  • Direct debit fee 
  • Credit card payment fee 
  • Paper bill fee 
  • Late payment fee 

By comparing fees, you’ll be able to see which retailer offers the best possible value for money with the lowest fees. 

Online tools and support 

Look for energy providers which offer online tools and support, such as a mobile app or website account access, to help you view and manage your energy usage and bills. 

Types of energy plan

Why compare energy plans with Savvy?

Frequently asked questions about the best energy plans

What are the best energy plans for low-income households?

This will depend on your personal situation and energy use, but the best energy deals for low-income households usually include cost-cutting features such as discounted usage rates and bill credits to help reduce energy costs, as well as lower fees and supply charges. There are also seniors' energy rebates available from various state governments. You can also look for plans with flexible payment options including monthly billing options to help you manage your energy bills.  

What are the best energy plans for those with solar panels?

The best solar energy plans are usually those which offer the highest feed-in tariffs and low usage rates during daylight hours. This allows you to sell excess solar energy back to the grid at the best rate and save on your energy bills. 

Can I switch energy providers if I'm on a fixed contract?

Yes – you can switch energy providers even if you're on a contract. However, you may need to pay an early exit fee. Be sure to check the terms and conditions of your contract before switching providers so you can find out whether you have to pay any fees and how much you may be liable to pay. 

How do I know if I'm getting the best energy deal?

The best way to find out if you're getting the best energy deal is to compare plans from different providers. Use Savvy’s comparison service frequently to compare rates and features of different plans to see which one suits your needs the most and offers the best possible value for money. 

I want to reduce my carbon footprint. What are the best energy plans for environmental sustainability?

The best energy plans for environmental sustainability are typically those which offer renewable energy options such as solar or wind power. Look for plans with high Green Power ratings or that offer carbon offsets to reduce your carbon footprint. These are often referred to as carbon neutral plans.  

What is the best type of energy plan for a small household?

This depends on your personal situation, however, the best energy plan for a small household is usually one that offers low usage rates and a reasonable supply charge. Look for plans with no lock-in contracts or exit fees, so you have the flexibility to switch energy plans if needed.  

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Disclaimer:

Savvy is partnered with Econnex Comparison (CIMET Sales Pty Ltd, ABN 72 620 395 726) to provide readers with a variety of energy plans to compare. We do not compare all retailers in the market, or all plans offered by all retailers. Savvy earns a commission from Econnex each time a customer buys an energy plan via our website. We don’t arrange for products to be purchased directly, as all purchases are conducted via Econnex.

Any advice presented above is general in nature and doesn’t consider your personal or business objectives, needs or finances. It’s always important to consider whether advice is suitable for you before purchasing an energy plan. For further information on the variety of energy plans compared by Econnex, or how their business works, you can visit their website.

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