Update: The cheapest Electricity plans in NSW in January

NSW households who don’t shop around for Electricity could now be paying over $400 more than they have to, according to government electricity data from January.

The gap between the cheapest offers in the state and those with no discount now ranges from about $360 to more than $800 for an average 4-person household.

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There is a large gap between discounted and non-discounted plans, according to a 9Saver analysis of the government website energymadeeasy.gov.au

A typical 4-person household in Sydney uses 5336kWh of Electricity a year, which would cost $1587 on Origin’s Maximiser Online offer if you paid all your bills on time and in full.

But if the same household was getting no discount, they could pay more than $2000 a year on standing offers for the same amount of electricity.

That’s over $400 difference – and in the case of some standing offers it’s over $800 difference.

The table below shows the three cheapest offers in NSW as of January according to government website energymadeeasy.gov.au and demonstrates why it’s so important to shop around for Electricity.

Cheapest Electricity Offers, NSW Ausgrid zone, January (Source: energymadeeasy.gov.au)

RETAILER OFFER NAME ESTIMATED ANNUAL BILL
WITH ALL DISCOUNTS
CONTRACT TERM RETAILER FEED-IN TARIFF FOR SOLAR? LINK
#1: Origin Energy Origin Maximiser – Online Only $1,587 (inc. GST) Ongoing contract, 12mth benefit period 9.00 cents per kWh exported Get this offer
#2: Simply Energy NSW Simply Extra 20 Online $1,623 (inc. GST) Ongoing contract, 24mth benefit period 11.30 cents per kWh exported Get this offer
#3: Powerdirect NSW Residential Market Offer $1627 (inc.GST) Ongoing contract, 12mth benefit period  11.10 cents per kWh exported Get this offer
* In highlighting particular offers we are not making specific recommendations as this article does not cover all available products and may not compare all features relevant to you. Any advice provided is general in nature and does not take account of your needs, objectives or financial situation. Individuals should consider their own circumstances, and if in doubt seek appropriate advice, before proceeding.