Compare and save on electricity 

Electricity comparison, simplified.

If you are looking to save money on your electricity bill or moving house and want to compare electricity providers, Mozo can help. We’ve created an energy comparison service to make it easier than ever to find a cheap electricity plan and save.

All you have to do is tell us a few details about your household and our comparison technology does the rest. You’ll get an instant list of results showing a range of electricity providers, electricity plans and cost estimates in your area and find out how much you could save by switching. If you’re after a cheap gas or dual fuel deal, we can give you price quotes for this service as well, just select this option on the form.

How to compare electricity plans

Mozo’s electricity comparison service ranks plans from a range of leading energy providers so that you can compare the cost of each plan and determine the best option for you. 
If you want to pay less on your gas and electricity bill, then one of the best ways to do this is by switching. Your electricity bill is calculated by a combination of factors, such as where your property is located, usage charges and your electricity plan options. The specific number of energy providers that you can choose from will depend on where you live, as different electricity providers service different locations in Australia.

To get the most accurate electricity price estimates using our electricity comparison tool we recommend that you have a recent electricity bill handy. By entering your actual usage you will be able to compare electricity plans and get accurate estimates of the possible savings you’ll get if you switched providers. 

When you’ve found the right electricity deal for your home, you can apply for the plan direct from our site. If you are switching plans there is no need to call your old electricity company, we'll handle everything from setting up your new connection to notifying your old supplier.

Understanding how electricity plans work 

Do you scratch your head every time your electricity bill comes along? You’re not the only one. Although understanding how your electricity plan works can be a task in itself, knowing what makes up your bill can help put you on the right path to finding a better deal. 

Your electricity bill is split between two charges, one within your control and the other outside of your control, they are: 

• Daily Supply Charge - This is the cost your electricity retailer charges to supply your home with electricity everyday, where regardless of your electricity usage. This cost is usually a fixed price. 
• Usage Charge - The usage charge is the amount you’ll pay for the electricity your home uses for every unit of electricity. This is typically listed on your bill as cents per kilowatt hour (c/kWh). 

Next, depending on the type of plan you've signed up to and the type of electricity meter you have, how you are billed for your usage will depend on the tariff attached to the plan. Some of the most common types of electricity tariffs include: 

• Single rate - With a single rate tariff, households are charged the same rate no matter the time of day, all year. 
• Time of use  - Customers with a time of use tariff will be charged different rates over the day, with the highest rates being charged during peak times, and the lowest during off peak hours. 
• Feed-in - A feed-in tariff is a credit that households with solar power receive for any excess electricity they generate with their solar panels that is fed back into the grid. This  is deducted from their electricity bill. 

Knowing what kind of tariff you’re on can help you determine whether it is the right option for your household. For instance, if you’re currently on a single rate tariff and aren’t home during peak hours, it might be worth considering opting for a time of use tariff instead.

Choosing the best electricity plan for you 

One of the more trickier parts of finding the best electricity deal for your home is to first understand what kind of plan your household needs. Having your most recent bill nearby when comparing electricity plans can help you do this, as it will give you an insight to what level of usage your household falls under. From there, you’ll be able to compare quotes from different electricity retailers to determine which plan is the best electricity deal for your home. 

When comparing electricity plans to find the best deal for your household, there are a number of things to consider, such as:

• The daily supply and usage charge - When you are comparing the daily supply charge, you’ll need to make sure you’re comparing options within your distribution zone. It’s also important to compare usage charges between retailers, as the higher the rate, the more you’ll pay for your electricity usage. 
• Exit fees and lock-in contracts - Many retailers won’t charge an exit fee if you decide to end your contract or ask you to lock into a contract for a set period. Opting for a plan like this will mean you’re free to go if a better electricity deal comes along. 
• Fees - When you move house you may encounter a few fees to get your home set up, such as a manual connection fee or meter read fee. Be sure to read the fine print and try to minimise fees wherever you can. 
• Positive customer feedback - Reading up on previous customer experiences can give you an insight into what the retailer is like when it comes to handling issues, enquiries or how reputable their service is. And if you’re not sure on what a standout electricity retailer looks like, our Mozo People’s Choice Awards can help.

Does Mozo cover electricity plans in every Australian state?

If you live in a state or territory which has a deregulated electricity market like Canberra, New South Wales, South Australia, South East Queensland and Victoria then you’ll be able to use our service today to compare residential electricity plans. While Tasmania has a deregulated market we do not compare plans there at this time. The number of energy providers that are compared will depend on where your property is located as different energy providers offer their services in different areas.

For now, we do not compare electricity providers in the Northern Territory, Western Australia or regional Queensland but you can rest assured, as soon as the market is deregulated in these regions, Mozo will be there to help you compare electricity plans and save.

While our comparison service covers electricity plans from some of Australia's leading electricity providers, we do not compare every available electricity plan in the market. Our service looks at electricity plans that are currently available for new customers. It’s possible that the electricity plan you are on currently could be cheaper than newer plans that are available now.

Does buying electricity and gas from the same provider save money? 

For many Australian households, it might make sense to have both your electricity and gas supplied by the same energy provider, also known as a ‘dual fuel’ energy plan. While there is the obvious convenience factor and the possibility of a discount for combining services, opting for a plan like this may not be the cheapest option. 

Before signing up to a dual fuel plan, be sure to compare electricity and gas plans separately as you may find the best plan for both comes from separate providers. It’s important to look beyond flashy introductory offers and consider which plan will offer value long term. 

Our tool will help you to compare your electricity and gas options for duel fuel households. Our results will detail pricing options if you select the same provider for both or we can also show you options if you want to cherry pick your gas and electricity provider separately.

Electricity comparison FAQs

Ceyda Erem

Money writer

Ceyda Erem was Mozo’s lead energy writer as well as covering personal finance across the site until May 2021. She put her research and writing talents into stories that helped our readers to make more informed financial choices, whether that’s about finding the best energy deal or writing about the latest sneaky bank tricks. Ceyda has a Bachelor of Arts (major in writing) from Macquarie University. She is also  ASIC RG146 (Tier 2) certified for general advice.