Last July this year,  we experienced a significant increase in electricity prices up to 27%, for most retailers. Some retailers are still implementing a distributed increase up to December of this year, until 2024.

One option to avoid paying higher energy costs is choosing the best retailer and plan that fits your consumption and export. This means being charged with the lowest usage rate and paid with the highest feed in tariff rate. It is also helpful to have your electricity bill analysed so you will understand more about your consumption, export and rates. To help you, below are the updated electricity rates and FIT rates. 

 

Retailers and plans with the lowest rates.

Retailer	General Usage	Daily Charge	Specific Plan
GloBird Energy	26.46c	103.50c	GloSave Plan
Ampol Energy	25.74c	119.35c	Powering On
Origin Energy	28.84c	120.59c	Go Variable Online Offer
Energy Locals	27.50c	131.00c	Online Member/Local Member
OVO Energy	31.41c	79.30c	The One Plan
AGL	32.10c	133.36c	Solar Savers

Retailers and plans with the highest feed in tariff rates.

Retailer	Min Solar FIT	Max Solar FIT	Conditions
Origin Energy	5.0c	16.0c	Higher FIT on Solar Boost Plan, capped at first 14kw per day
Red Energy	5.0c	16.0c	Higher FIT capped at 5kw per day
AGL	5.0c	15.0c	Higher FIT on Solar Savers Plan, capped at first 10kw per day. Limited to systems up to 10kw.
Energy Australia	6.6c	12.0c	Higher FIT on SolarMax Plan, capped at first 15kw per day.
GloBird Energy	5.0c	11.0c	Higher FIT on SolarPlus Plan, capped at first 10kw per day.
Energy Locals	6.0c	10.7c	High FIT on the first 10 kWh daily export
Alinta Energy	8.0c	8.0c	PV system is limited to 5kW inverter capacity

 

Most retailers do not offer lock in, so you can always change again. Be extra careful also when talking to retailers. You should know what specific plan you want and make your own calculations. 

If you are receiving the 44c premium feed in tariff rate, there are retailers that pay over and above the 44c, you just have to meet their conditions to become eligible.