Compare Electricity Prices NSW When You Move

Electricity Rates NSW

The first thing to look at is the NSW electricity prices per kWh. Energy retailers are required to advertise their rates as a percentage discount from the Default Market Offer (DMO). The DMO is the reference price set by the government to ensure affordable power for everyone. Finding a retailer with a low rate per kWh is a great first step to finding a cheap energy plan, but it’s not the only thing you need to consider.

Tariffs 

The tariff in your chosen plan will determine the rate you pay for energy at different times of the day, or for different appliances. Choosing the right tariff to match your energy usage habits can make a huge difference to your total bill. There are two parts to your tariff.

Supply charge
This is a fixed daily charge from the distributor for the cost of supplying energy to your home. There are three distributors in NSW – Ausgrid, Endeavour and Essential Energy. They will pass on their charge to your retailer, who will in turn pass it on to you.

Usage charge
This is a variable charge based on how much energy you use.  It is charged as cents per kilowatt-hour (c/kWh), based on the rate you are eligible for in your plan.

Some tariffs give you access to different rates for different times of day or appliances. The trick to finding the best electricity plans NSW is finding a tariff suitable for your home’s needs. The most common tariffs include:

• Time-of-use tariff (ToU) tariff – cheaper rates for off-peak and shoulder hours 
• Fixed rate tariff – same rate at all times of the day and night
• Controlled load tariff – discounted rates for specific separately metered appliances 
• Solar feed-in tariffs – the rate paid to you for excess power from your solar panels 

Special offers and bundles

With so many retailers to choose from, you will find plenty of special offers available designed to win you over. To find the best electricity deals NSW, you need to look at how much you will spend over the life of your contract, not just during the discounted introductory period.

You can also find good deals with retailers by bundling your services with them.

Some money-saving offers to look out for include:

• Sign up credits
• Rewards shop
• Discounted rates for a fixed term
• Bundles when you add gas, internet, mobile or home phone
• Direct debit or pay-on-time discount

Carbon-neutral and Green Power

Australia’s energy companies take their environmental impact very seriously, and are working with the government towards a cleaner future. If you want to do your part, talk to a Move-In Connect expert about offsetting your carbon footprint with a carbon-neutral plan. 

Find out more here: What Does It Mean To Be Carbon Neutral?

Fees and charges

Sometimes things can be too good to be true, and energy plans are no exception. The cheapest electricity provider NSW might be hiding some fees and charges that will leave you with a hefty bill. 

Move-In Connect’s panel of preferred suppliers feature honest, transparent plans and our experts will talk you through each of the fees before you sign up so there are no unpleasant surprises. 

Some common fees to look out for include:

• Set up fee 
• Reconnection charges
• Exit fee 
• Credit card processing fee
• Late payment fee
• Disconnection charges

Rebates and concessions

The federal and New South Wales state governments have several energy rebates and concessions to help eligible customers with their energy bills. These are applied in addition to any discounted rates or offers you receive from your retailer. 

Some of the energy rebates and concessions in NSW include:

• Family Energy Rebate
• Seniors Energy Rebate
• Low Income Household Rebate

Visit the Service NSW Concessions, rebates and assistance page to find out if you are eligible.