Cheapest electricity rates in Sydney

Last Updated on November 11, 2024 by David Hiley

Looking for Sydney’s cheapest electricity?

We’ve summarised the best electricity deals available for residential customers in Sydney. The tables below list the cheapest offer from each retailer for households in the Ausgrid network covering Sydney’s Southern Suburbs, City, Northern Suburbs, Inner West and Eastern Suburbs. WATTever strictly ranks the annual cost of plans against the Reference Price. This information is updated at least weekly.

Is your place in Parramatta, the Greater West, the Hills District, Campbelltown or Penrith to the Blue Mountains? In that case, you are served by the Endeavour network, where rates are different. Click here to see the cheapest rates available to Sydney households in the Endeavour Network.

How much can you save by switching to the cheapest electricity in Sydney?

According to the Australian Energy Regulator in September 2023, average households in the Ausgrid network could save $396 on electricity a year by switching from the standard offer to the cheapest available market deal. In late 2023, the ACCC analysed the prices paid by over 5 million residential customers across Australia. The consumer watchdog discovered nearly half of residential customers in NSW were on plans with an annual cost equal to or higher than the Default Market Offer. Why stay stuck on an expensive plan?

There are now more than twenty energy retailers offering electricity deals in Sydney. So, if you want to make serious savings on your energy costs, it’s vital to check out your options.

How to find the best electricity deal for your place?

Get a personalised cost ranking of every retailer’s publicly-listed electricity plans based on your unique energy use. If you are a small or big energy user, or perhaps you have solar, a battery or an EV, then WATTever’s comprehensive comparison will help you find the cheapest deals for your home. We include all retailers, tariff types, discounts, solar feed-in tariffs, input for concessions and more to help you make serious savings on energy. Start your online comparison here.
Cheapest Anytime electricity rates in Sydney by retailer (Ausgrid network)

Not in the Ausgrid electricity network? Click here to view rates for all electricity networks in NSW.

Cheapest Time Of Use electricity rates in Sydney by retailer (Ausgrid network)

WARNING! Only about half of retailers follow Ausgrid’s reduced Seasonal Time of Use periods. Click here to see which retailers do this – otherwise, you may face an extra 600 hours of peak tariff periods across a year.

Not in the Ausgrid electricity network? Click here to view rates for all electricity networks in NSW.

Cheapest Time Of Use Demand electricity rates in Sydney by retailer (Ausgrid network)

Rates shown include GST and all available discounts.
Plan rates are variable and future rates may be subject to change by the Retailer - except where plan rates are stated as fixed in the Basic Plan Information Documents/Energy Price Fact Sheet.
Plans are updated each weekday from the Retailer's Basic Plan Information Documents/Energy Price Fact Sheets (except plans for WA and NT).
^ Daily Charge includes the daily supply charge and the per day value of recurring fees or credits (eg. membership fees, monthly bill credits etc).
* Reference Price Discount refers to the discount off the yearly cost of the Default Market Offer (DMO) for NSW, QLD and SA, Victorian Default Offer (VDO), ActewAGL Standing offer for ACT or Aurora Regulated Offer for TAS, for a household on a flat/anytime rate without controlled load tariff. Discount is calculated based on annual usage in each state/network area of 7,722kWh (ACT), 3,900kWh (NSW-Ausgrid), 4,900kWh (NSW-Endeavour), 4,600kWh (NSW-Essential), 4,600kWh (QLD-Energex), 4,000 (SA), 4,000kWh (VIC) and 9,475kWh (TAS) AER benchmark. The DMO and VDO Reference Price is a guide (provided by the AER and ESC) and does not take into account solar export nor a property's actual annual usage or when that usage occurs (for Time Of Use plans).
For plans with a demand tariff, the reference price discount calculated by WATTever includes a demand charge that assumes a peak demand of 25% of the daily benchmark electricity consumption.

 ** The Reference Price Discount shown for partner retailers includes the value of exclusive benefits available when switching through wattever.com.au including Prezzee eGift cards from WATTever and additional upfront/recurring credits from partner retailers.
Time of Use hours displayed are the periods published by each network. Individual retailers may offer different time of use hours - please review the plan BPID/Fact Sheet.

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WATTever compares over 45 energy retailers including AGL, 1st Energy, ActewAGL, Alinta Energy, Amber, Ampol Energy, Blue NRG, CovaU, Diamond Energy, dodo, Energy Australia, Energy Locals, ENGIE, loBird Energy, Kogan Energy, Lumo Energy, nectr, Origin Energy, OVO energy, Powershop, ReAmped Energy, Red Energy, Sumo Power and Tango Energy.