Compare flat rate energy packages in Australia

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In Australia, energy plans come with variable or fixed rates. When energy prices rise (as they are now, particularly in New South Wales and Queensland), you should consider switching to a supplier with a flat rate energy package.

Important: Since June 2022, there has been a lot of volatility in the energy market. It is possible that some of the suppliers compared below have recently suspended their fixed-price energy plans. We’ll do our best to keep this page up to date, but you’ll need to check the details of your new plans to be sure.

Below is a list of Australian energy providers that offer a flat rate energy package in each state. Energy prices can vary widely from state to state, so be sure to compare plans where you live.

Fixed rate energy packages in New South Wales

Origin Go

$1,212
$827

Fixed rate for 12 months

See your rates
EnergyAustralia NoFrills

Energy Australia Logo

$1,469
$750

Fixed rate for 12 months

See your rates
Red Energy Living Power Saver

Photo not described

$1,167
$750

Fixed rates, guaranteed until May 31, 2023

See your rates

NSW prices based on estimates using average usage of 3,900 kWh per year for electricity and 50 MJ per day for gas

VIC Fixed Rate Energy Plans

Origin Go

original logo

$1,217
$1,195

Fixed rate for 12 months

See your rates
EnergyAustralia NoFrills

Energy Australia logo

$755
$1,577

Fixed rate for 12 months

See your rates
Light value

Photo not described

$1,026
$3,403

Fixed rate for 12 months

See your rates
Tango
Photo not described
$1,099
$1,132

Fixed rate for 12 months

Learn more

VIC prices based on estimates using the average consumption of 4,000 kWh of electricity per year and 138 MJ per day for gas

Fixed rate energy packages at QLD

Origin Go

original logo

$1,217
$1,195

Fixed rate for 12 months

See your rates
EnergyAustralia NoFrills

Energy Australia Logo

$755
Gas not available at QLD

Fixed rate for 12 months

See your rates

QLD prices based on estimates using an average consumption of 4,600 kWh per year for electricity and 4,600 MJ per year for gas

Fixed rate energy plans in South Africa

Origin Go

original logo

$1,528
Gas not available in South Africa

Fixed rate for 12 months

See your rates
EnergyAustralia NoFrills

Energy Australia Logo

$901
$977

Fixed rate for 12 months

See your rates
Tango
The energy of tango
$1,650
Gas not available in South Africa

12 months of fixed rates

Learn more

SA prices based on estimates using average usage of 4,000 kWh per year for electricity and 39 MJ per day for gas

Why are there no flat rate energy packages in Western Australia?

Energy plans in Western Australia work a little differently from the rest of the country. You won’t have a choice between the 2 providers, Synergy or Horizon – your address will determine which one you can go with. This means that there are no options for flat rate energy plans in WA.

Fixed price energy packages are products offered by energy retailers that lock in electricity and gas prices for a certain period, usually 1 or 2 years. If you have a fixed price energy plan, the price you pay per kilowatt hour for electricity and gas will be “fixed” for the duration of your contract.

Not all energy providers in Australia offer fixed packages. Here is the list of providers that currently offer flat rate plans across Australia:

Other providers may offer flat rate energy packages in some states.

What are the pros and cons of flat rate energy packages?

Advantages

  • Price guarantee. The biggest advantage of a fixed price plan is that you will always know how much you will pay for gas and electricity for an agreed period of time.
  • Can save you money. If retail energy prices increase during the term of your fixed rate contract, you will end up paying less for energy than if you had subscribed to a standard variable rate plan.

The inconvenients

  • Blocking contract. Fixed rate energy plans are normally offered as 1 or 2 year contracts. If you decide to leave the plan early, you may have to pay a fee.
  • May end up being more expensive. While you might save money over a variable plan if energy prices go up, so does the opposite direction. If energy prices go down during your contract, you could end up paying more for energy than someone on a variable rate energy plan.

The main difference between a fixed rate energy plan and a variable rate energy plan is that the price you pay for gas and electricity on a fixed rate plan does not change, whereas it may with a variable rate plan. Those looking for more certainty and price stability may prefer a fixed-tariff energy package, while those looking to take advantage of potential lower energy prices may prefer a variable-tariff package.

As with any other product, it’s best to compare a range of fixed rate and variable rate energy packages to find the best one for you.

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