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Updated 11/10/2023
What changed?
Updated factors that make electricity cheaper, updated and added FAQs
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Fact checked
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.
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Written by

Francis Taylor

Updated 11/10/2023

What changed?

Updated factors that make electricity cheaper, updated and added FAQs
Our aim is to help you make better informed decisions. That’s why iSelect’s content is produced in accordance with our fact-checking and editorial guidelines.

Find out more about how we make money.

View our Privacy Policy.

See our range of Energy Providers

iSelect does not compare all providers in the market or all products offered by our partners in your area. Not all products or special offers are available to all customers and some may only be available over the phone or on the website. Learn more.

How users rated our service

Find a Cheaper Electricity Plan

If your electricity bill is leaving you shocked, it might be time to look for a cheaper Electricity Plan. But where do you start? The key to finding an appropriate Electricity Plan is a tried-and-trusted strategy: comparing Electricity Providers.

How to find a good deal on electricity

Start by getting an idea of your usage patterns and understanding how electricity rates work. So, if you’re ready to jump right in and start comparing a selection of providers, you can use our convenient online platform.*

What factors can make my electricity cheaper?

Tariff types

Different Energy Plans can charge you different rates. For instance, some plans have just one rate known as a ‘single rate tariff’. Other plans, known as ‘time-of-use tariffs’, will charge you different rates at different times. These might be cheaper if you tend to use electricity during ‘off-peak’ times.1Energy Made Easy – Which type of tariff is right for you? While we don’t recommend becoming a vampire and living your life in off-peak electricity times, moving to a time-of-use tariff plan could be a way to save. As you’re reviewing your current Energy Plan and comparing other options, take note of the tariff type, not just the price. 

Fees and charges 

Some plans come with fees and charges that get added to your bill. These can include connection fees when you first connect your property with the Energy Provider, even if you’re an existing customer; late fees if you don’t pay a bill on time; or termination fees if you leave the contract early. Understanding what these charges are and if they’re a factor in the plans you’re comparing will help you avoid any nasty surprises when your bill shows up. 

Rate types

Most Electricity Plans offer variable rates: rates which go up and down with the energy market. However, some providers will also ‘fix’ their rates for a set period. These fixed rates will provide some assurance that your electricity charges won’t rise suddenly during the set period. Depending on what your finance habits look like and if you want to take a gamble, variable or fixed rates may be more attractive for you. Knowing how you use electricity at home throughout the year can also help you make this decision. 

Discounts

Who doesn’t love getting a bargain? Excitingly, you might be able to grab some discounts on your energy bill. This could be for paying your bills on time or using direct debit. Your Electricity Provider might offer discounts for signing up to their Energy Plans online, as well as receiving all bills via email rather than the post. So, keep those eyes peeled for any of these discounts, including what conditions they have attached.  

If you ever have any questions about your electricity bill and how the total amount due was calculated, be sure to check in with your provider. They can explain why it may be different to what you were expecting.

Frequently Asked Questions

Why is electricity so expensive?

How does the energy market work in Australia?

How do I find cheaper electricity in my state?

Can I get any energy concessions or rebates?

Is a flexible Electricity Plan more important than a cheap one?

Are Gas and Electricity Plans cheaper when bundled?

Can I get cheaper electricity?

Get started on comparing energy plans today!

Save time and effort by comparing a range of energy plans with iSelect

iSelect does not compare all energy providers or plans in the market. The availability of plans may change from time to time, depending on who iSelect’s providers are and what plans they make available to iSelect. Not all plans made available from iSelect providers may be compared by iSelect either due to commercial arrangements, area or availability, so not all plans or providers compared by iSelect will be available to all customers. Some plans and special offers are available only from iSelect’s contact centre or website. Energy plans are available only for properties located in eligible areas of Victoria, New South Wales, South East Queensland, South Australia and ACT. Click here to view iSelect’s range of providers.