GUIDES & RESOURCES

Compare Electricity Providers NSW

Electricity Providers NSW If you’re looking to find out more about NSW electricity providers you’re in the right spot. You’re also in a very good spot to discover some tips on how to potentially save money on your energy bill.
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Electricity Providers NSW If you’re looking to find out more about NSW electricity providers you’re in the right spot. You’re also in a very good spot to discover some tips on how to potentially save money on your energy bill. Today there are a whole bunch of different energy providers to choose from in NSW. But don’t worry, we’ll break down what to look for when choosing an energy plan.

What are the names of some of the electricity providers in NSW?

Here’s a list of some electricity providers compared by iSelect in NSW:

What types of electricity contracts are there in NSW?

There are two different types of electricity contracts in NSW – market or standard.

  • Standard contracts: With this type of contract, the price you pay for your energy is set at the Default Market Offer (DMO).
  • Market contracts: Under a market contract, you can negotiate rates with your retailer and they might even offer additional incentives, like discounts. Have a close look over the T&C’s before you sign up, as it’s common for the retailer to change the rates during the term of the contract.

What should you keep in mind when comparing electricity providers in NSW?

Here’s a list of things you should look out for when comparing different energy suppliers in NSW:

Are there any discounts available?

It’s common for different retailers to offer incentives, like discounts or benefits. Some are guaranteed while others may be for making payments on time or paying via direct debit.

What are the fees?

Like with any contract, you should have a close look over the fees and charges. Some Providers may pass on charges for a connection or disconnection fee when moving house, or an exit fee when switching. So it’s worth having a look before you sign up to check how flexible your plan is.

What are the billing and payment terms?

It’s important to know when your bills come in and how to pay them. So before you sign up, check what payment methods are accepted (direct debit, electronic transfer, post office, Centrepay) and if there are any additional charges for the method you choose.

How to switch electricity providers in NSW?

A lot of people stay with the same provider, when they could potentially save money by making the switch. They might think it’s too hard or they don’t have the time to do the research. The good news is, we can help. Just give us a call on 13 19 20 and we can help you compare from our range of plans and providers*.

What state Government rebates and discounts apply in NSW?

The NSW Government also offers a number of rebates and discounts to help people pay their energy bills. Have a read over the list below for a summary, and to see if you’re eligible visit the NSW governments energysaver website. This list was last updated on 21/05/2021.

  • Low Income Household Rebate: This electricity rebate can apply to customers who hold eligible concession cards issued by the Federal Department of Human Services or the Department of Veterans’ Affairs. Pensioners and veterans may also be eligible.
  • Family Energy Rebate: The NSW Family Energy Rebate provides a concession to eligible households with dependent children who have received Family Tax Benefit .
  • Gas Rebate: This rebate is available to eligible concession card holders that rely on gas for basic needs.
  • Life Support: This rebate helps eligible people pay their energy bills if they need, or look after someone who needs, approved energy-intensive equipment.
  • Medical Energy Rebate: This rebate helps eligible concession card holders pay their energy bill if they or someone living with them have an inability to self-regulate body temperature when exposed to extreme environment temperatures. They also need to hold a valid concession card issued by the Commonwealth Department of Human Services or the Department of Veteran’s Affairs.
  • Seniors Energy Rebate: This rebate provides independent self-funded retirees with a rebate if they hold a valid Commonwealth Seniors Health Card.
  • Energy Accounts Payment System Scheme: This scheme helps people experiencing a short term financial crisis or emergency pay their electricity bill for a set period of time. 

What do the new ACCC rules for electricity retailers mean for me?

Back in July 2019, the Australian Competition and Consumer Commission (ACCC) introduced a regulated price cap and new advertising rules. These regulations were basically put in place to make electricity more affordable and comparing providers a whole lot easier. Customers on standing offers over the price cap were switched over to the new Default Market Offer (DMO), set by the Australia Energy regulator. Today, all plans must be compared to the DMO and display a percentage ‘less than’ or ‘more than’, making it easier to compare plans. But if you don’t have the energy to compare energy plans yourself, good news is, we can help*! Just enter in your details here and someone from our team will get in touch.

How could iSelect help me save on energy?

Given the level of competition among NSW electricity companies, it’s surprising more people don’t look around for a better deal. Some people think it’s too hard or they just don’t have the time. Well the good news is that switching energy providers has never been easier. Just call iSelect on 13 19 20 and someone from our team will help you compare your plan with our range of energy providers*.

Sources:
1. https://energysaver.nsw.gov.au/households/rebates-and-discounts/energy-rebates
2. https://www.accc.gov.au/media-release/accc-to-enforce-new-rules-for-electricity-retailers


Last updated: 21/06/2021

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