Canstar Blue explores what electricity sign-up incentives and promotions are currently being offered around Australia. These can be anything from online sign-up credits to frequent flyer points.
Power prices only ever seem to go in one direction, but the energy retailers will do almost anything to get you on board, which means there are opportunities to secure a better deal. While it’s always crucial to compare electricity plans on price, you may also find various other value-add incentives to sweeten a deal. It’s probably best not to be overly swayed by gimmicks, but if you find two comparable plans, these incentives can be a good point of difference.
So, what sign-up incentives and special deals are available in your state? Check by clicking the appropriate link below. Please note, this page may not cover all deals available in your area. Always check retailer websites before making a purchase decision.
Latest switching deals and promotions in Australia:
New South Wales electricity prices
Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Ausgrid energy network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
 |
|
21% Less than reference price |
$1,435 Price/year (estimated) |
Go to Site |
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Ausgrid network in Sydney but prices may vary depending on your circumstances. This comparison assumes general energy usage of 3900kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
New South Wales energy deals
Energy customers in New South Wales have a wide variety of different sign-up incentives currently on offer. Here is a selection of some of the promotions, please note that most offers have terms and conditions attached.
These deals are current as of February 2025.
- 1st Energy is offering a 10% guaranteed discount on its 1st Saver plan and 1st Super Saver plans. The 1st Super Saver plan offers $125 credit on 4th month of billing and $125 credit on 8th month of billing. Must be supplied by 1st Energy at the time the bill is issued.
- AGL is giving customers a one-off $100 bill credit when they sign up to the Value Saver variation plans. Customers who sign up to the Netflix Plan and agree to eBilling will also receive a Netflix Standard with ads subscription as part of the offer. Value Saver’s various plans offer bonuses that include 10,000 Velocity Points for Velocity members or a $100 bonus Mastercard for Westpac customers – the customer must remains with AGL for at least 30 days from sign up.
- Ampol Energy is offering 10c off per litre of fuel when customers pay via the Ampol app.
- CovaU Energy is offering a $50 refer a friend credit. The $50 offer is available both to the referring customer and their friend after switching electricity to a CovaU plan. It is also offering a guaranteed discount of 15% off total usages.
- Diamond Energy is offering a 2% discount off the entire bill when customers pay on time.
- Energy Locals is crediting customers with $50 on their bill if they successfully refer a friend to the provider. The Online Member plan offers a $100 sign-up credit for customers who remain with Energy Locals for six months. The Local Rewards plan comes with a free membership to Entertainment (valued at up to $69.99).
- EnergyAustralia offers its customers an 15% guaranteed discount off its Flexi Plan and 6% guaranteed discount off its Rate Fix Plan.
- Engie’s Perks plan includes a 12-month My NRMA membership and a $100 welcome credit off the first bill. For current NRMA customers, Engie offers $200 off the first bill and 10% guaranteed discount for its NRMA plan. Engie’s Saver plan has a 9% guaranteed discount and a $200 welcome credit. Engie’s GreenPower plan offers a $200 welcome credit and a 9% guaranteed discount.
- GloBird offers a range of conditional bill discounts for direct debit and paying on time on its GloSave, GloGreen, Greenmax, SolarPlus and UltraSave plans.
- Kogan Energy is giving all new customers who sign up to its Kogan Energy with Free First product a complimentary 12-month membership to Kogan First – a discount and reward system for shoppers. If you are already a Kogan First member and sign up to this deal, you can score yourself a one-off $100 bill credit.
- Momentum Energy’s Warm Welcome offer comes with a one-off $50 bill credit for new customers. This credit will be applied to your first electricity bill. Its Suit Yourself Electricity Plan offers 10% free GreenPower.
- Nectr’s 100% Clean plan is 100% carbon neutral.
- Origin is giving new customers who sign up to the Everyday Rewards Variable plan will receive up to 5,000 Everyday Rewards points to use at participating Woolworths group stores (5,000 per energy type). Customers will also receive one point for every $1 charged on their bill, with a further 2,000 points for those that opt into Origin’s Go Zero Electricity carbon offset scheme. Origin’s Home Support plan offers an Emergency Home Assistance Program membership provided by Allianz Global Assistance.
- OVO Energy is paying 3% interest on credit balances (after all monthly charges are considered).
- Powershop’s Switch Saver offer is giving new or moving customers a one-off bill credit worth $150.
- Red Energy is awarding new customers with Qantas points through its Qantas Red Saver plan. New sign-ups will receive 10,000 Qantas points for electricity as well as two points per $1 spent on energy bills that are paid on time. For each month that customers are on the Red BCNA Saver plan, Red Energy will contribute $5 to Breast Cancer Network Australia and for those on the Red Wildlife Saver plan, Red Energy will donate $5 to the Taronga Conservation Society. Red Energy offer free electricity between 12PM and 2PM Saturday and Sunday for customers on the Red EV Saver plan. Customers on the Taronga Flex plan will receive a Taronga Family Flex Annual Membership, includes 1 Flex Adult Pass and Family Flex Kids Passes for kids under 16 years from one household on transferring your electricity to Red Energy and a second membership on the 12 month anniversary of the transfer.
- Sumo customers on its Sumo Assure plan will receive a 11% guaranteed discount.
While these promotions sound tempting, it’s important to first compare plans based on standard prices and conditions. You can see how the retailers featured above compare to others on price with our New South Wales price comparison report.
Victorian electricity prices
Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
 |
|
10% Less than VDO |
$1,304 Price/year (estimated) |
Go to Site |
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. Costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Victorian energy deals
Households in Victoria have a similar list of promotional power deals as those in New South Wales, but with a few notable additions. Please note that most offers have terms and conditions attached.
These deals are current as of February 2025.
- 1st Energy is offering a 15% guaranteed discount off usage rates on its 1st Saver plan, and a 5% pay on time discount on the 1st Value plan.
- AGL is offering new customers a $100 credit when they sign up to the Value Saver or Netflix Plan. Customers who sign up for AGL’s Netflix Plan will also receive a Netflix Standard with ads subscription as part of the offer.
- Arcline by RACV is offering new customers who sign up via refer a friend with a $50 credit, the customer’s friend will also receive a $50 credit. To receive this credit, customers will need to mention an existing Arcline by RACV customer’s name when signing up.
- CovaU Energy claims to offer a 5% guaranteed discount on total usages for its Super Saver plan, excluding the GreenPower component. The retailer is also offering a $50 refer a friend credit.
- Diamond Energy has an ongoing discount of 2% to daily supply and consumption charges for customers who pay on time and receive invoices via email. Diamond Energy also offer an additive 2% discount for any customer who refers a friend, discount remains throughout period referee stays connected.
- Energy Locals’ customers are eligible for an additional $50 credit at sign-up on all market offers if they mention an existing customer by name. There is a 12.5% discount for eligible customers on the Daytime Saver plan as well as low usage rates of 9c/kWh for electricity used between 10am-3pm.
- EnergyAustralia offers its customers an 12% guaranteed discount off its Flexi Plan and 8% guaranteed discount off its Rate Fix Plan.
- Engie Perks plan includes a 12-month My NRMA membership, a 10% guaranteed discount off electricity usage and supply charges and a one-off credit of $200. Its Saver plan offers a $200 credit and guaranteed discount of 9% off electricity usage and supply charges. Engie’s GreenPower plan offers a guaranteed discount of 9% off electricity usage and supply charges, a $200 one-off welcome credit and 100% of your electricity to be matched with GreenPower. The Movie Perks plan rewards customers with 12,000 Village Cinema rewards points per year of electricity (1,000 each month), a $200 welcome credit and a 5% guaranteed discount off electricity usage and supply charges. The Saver Plus plan offers an 11% guaranteed discount.
- GloBird offers a range of conditional bill credits for direct debit and paying on time on its GloSave, GloGreen and Greenmax plans.
- Kogan Energy is giving all new customers who sign up to its Kogan Energy with Free First product a complimentary 12-month membership to Kogan First – a discount and reward system for shoppers. If you are already a Kogan First member and sign up to this deal, you’ll earn yourself a one-off $100 bill credit.
- Momentum Energy’s Warm Welcome offer comes with a one-off $50 bill credit for new customers. This credit will be applied to your first electricity bill. Momentum’s EV Does It plan comes with a $100 Evie public charging voucher. The Suit Yourself plan offers 10% free GreenPower.
- Nectr’s 100% Clean is 100% carbon neutral.
- Origin’s Everyday Rewards plan offers up to 15,000 one-off Everyday Rewards points for each power type, and an extra point for every dollar spent on a customer’s bill. With a further 2,000 points on the line for those that opt into Origin’s Go Zero Electricity carbon offset scheme. Origin is offering account credit of $100 for Go Variable and Everyday Rewards plans still active after 28 February, 2025. Origin’s Home Support Plan offers an Emergency Home Assistance Program membership provided by Allianz Global Assistance. Origin is also offering ‘Energy on the House’, which will be applied as a credit against usage charges on your bill on February 28, 2025, calculated at a flat rate of $5.10 per day (excluding supply charges) credit over a period of 13 days, total of $66.30. If on 1 November 2024 you were an active Origin customer receiving the Victorian government FiT, then from 2 November 2024 you could receive a FiT of 6 cents made up of our standard retailer FiT of 3.3c/kWh and an additional FiT of 2.7c /kWh.
- OVO Energy is paying 3% interest on credit balances (after all monthly charges are considered). The Free 3 plan and Basic Free 3 plan offer a 17% percentage of usage discount (actual discount may vary depending on usage). The EV and Basic EV plans have free electricity between 11am-2pm everyday and a 8c/kWh usage charge between midnight-6am.
- Powershop’s Switch Saver offer is giving customers a one-off bill credit worth $150. Households will need to be a new Powershop customer in order to be eligible for the credit.
- Red Energy is awarding new customers with Qantas points through its Qantas Red Saver plan. Those who pay their first bill in full will receive 10,000 Qantas points for electricity and two points per $1 spent on energy bills that are paid on time. Sign up by 11 February 2025 and get 20,000 bonus Qantas Points when you pay your first electricity bill in full, and 2 Qantas points per $1 on every electricity bill when you pay on time. For each month that customers are on the Red BCNA Saver plan, Red Energy will contribute $5 to Breast Cancer Network Australia. Red Energy offer free electricity between 12PM and 2PM Saturday and Sunday for customers on the Red EV Saver plan. Red Energy will donate $5 to the Taronga Conservation Society Australia for each month a customer is connected to the Red Wildlife Saver plan.
- Sumo customers on its Sumo Assure plan are offered a 10% guaranteed discount off daily supply and usage charges.
It is worth comparing plans based on price before thinking too much about extra incentives. However, some promotions will have a direct impact on costs, so it’s definitely worth paying attention to what’s on offer. Compare the providers mentioned above to others in the state with our Victorian price comparison report.
Queensland electricity prices
Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from our referral partners†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
|
|
9% Less than reference price |
$1,888 Price/year (estimated) |
Go to Site |
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the Energex network in Brisbane but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4600kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
Queensland energy deals
Queenslanders have become spoilt for choice when it comes to electricity retailers, with some offering a little extra to sweeten the deal. Here is a selection of promotions. Please note that most offers have terms and conditions attached.
These deals are current as of February 2025.
- 1st Energy is offering a guaranteed 5% discount off its 1st Saver plan’s usage rates.
- AGL customers who sign up to AGL’s Netflix Plan will also receive a subscription for Netflix Standard with ads as part of the offer.
- Ampol Energy is offering a 10c off per litre discount for customers who sign up to its Powering On plan. This discount is eligible on up to 1,500 litres of fuel each year.
- CovaU Energy is offering a $50 refer a friend credit. The $50 offer is available both to the referring customer and their friend after switching electricity to a CovaU plan. It is also offering a guaranteed discount of 15% of total usages on its Freedom plan.
- Diamond Energy customers on the Everyday Renewable Saver plan receive a 2% ongoing discount on their bills when they pay on time.
- Energy Locals’ customers can be eligible for a $50 credit at sign-up on all market offers if they mention an existing customer by name. The Online Member plan is offering a special $100 discount for customers who stay on the plan for six months.
- EnergyAustralia offers its customers an 5% guaranteed discount off its Flexi plan and 3% guaranteed discount off its Rate Fix plan.
- Engie offers a 12-month complimentary My NRMA membership with its Engie Perks plan and a $100 one-off welcome credit and a 9% guaranteed discount. Its Saver and GreenPower plans also come with a $100 welcome credit for new customers and an 8% discount.
- GloBird offers a range of conditional bill credits for direct debit and paying on time on its GloSave, GloGreen, Greenmax, SolarPlus and UltraSave plans.
- Kogan Energy’s latest product Kogan Energy with Free First is awarding new sign-ups with a 12-month complimentary membership to Kogan First – a discounts and rewards system for shoppers. For those already a member of Kogan First, a $100 one-off bill credit will be awarded instead of the membership.
- Momentum Energy’s Warm Welcome offer comes with a one-off $50 bill credit for new customers. This credit will be applied to your first electricity bill.
- Nectr 100% Clean plan is 100% carbon neutral.
- Origin’s Everyday Rewards plan offers up to 5,000 Everyday Rewards points for each power type, and an extra point for every dollar spent on a customer’s bill. With a further 2,000 points on the line for those that opt into Origin’s Go Zero Electricity carbon offset scheme. Origin’s Home Support plan offers an Emergency Home Assistance Program membership provided by Allianz Global Assistance.
- OVO Energy is paying 3% interest on credit balances (after all monthly charges are considered). Its Free 3 plan and Basic Free 3 plan offer an estimated discount of 20% (depending on energy use between 11AM and 2PM). The Free 3 and Basic Free 3 plans offer a 20% percentage of usage discount (actual discount may vary depending on usage). OVO’s EV and Basic EV plans offer free electricity between 11am-2pm everyday and a usage charge of .8c/kWh between midnight and 6am.
- Powershop’s Switch Saver offer is giving new customers a one-off bill credit worth $150.
- Red Energy is offering new customers the opportunity to earn Qantas frequent flyer points on its Qantas Red Saver plan. Customers who sign up will not only receive 10,000 Qantas points, but a further two points per $1 spent on energy bills. For each month that customers are on the Red BCNA Saver plan, Red Energy will contribute $5 to Breast Cancer Network Australia. Red Energy offer free electricity between 12pm and 2pm Saturday and Sunday for customers on the Red EV Saver plan. Red Energy will donate $5 to the Taronga Conservation Society Australia for each month a customer is connected to the Red Wildlife Saver plan. Customers who sign up to the Living Energy Saver plan receive a $100 VISA eGift card once the first bill is paid.
- Sumo customers on its Sumo Assure Advantage plan will receive an 11% guaranteed discount off daily supply and usage charges and a 10% guaranteed discount is offered to customers on the Assure Residential plan.
There is often not much difference in price between retailers in Queensland, meaning any extra incentives can prove a helpful point of difference when comparing plans and providers. Nevertheless it is still important to review standard prices to get an idea of what you can expect to pay long after the promotion has gone. See what the providers mentioned above are offering in the state with our Queensland price comparison report.
South Australia electricity prices
Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from our referral partners†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4011kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
|
|
9% Less than reference price |
$2,036 Price/year (estimated) |
Go to Site |
Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area and to see other products in our database that may be available. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
South Australia energy deals
South Australians get a bad energy deal when it comes to standard prices. They also currently have few extra incentives to consider when comparing plans. Here is a selection of what’s available. Please note that most offers have terms and conditions attached.
These deals are current as of February 2025.
- AGL customers who sign up for the Netflix plan will also receive a subscription to Netflix Standard with ads.
- CovaU Energy is offering a $50 refer-a-friend credit. The $50 offer is available both to the referring customer and their friend after switching electricity to a CovaU plan. It is also offering a guaranteed discount of 5% off total usages on its Freedom plan.
- Diamond Energy customers on the Everyday Renewable Saver plan receive a 2% ongoing discount on their bills when they pay on time.
- EnergyLocals is offering customers a $50 credit when they sign up to a market offer using a refer a friend link from an existing customer.
- EnergyAustralia offers its customers an 7% guaranteed discount off its Flexi plan and 1% guaranteed discount off its Rate Fix plan.
- Engie’s Saver plan offers a $100 welcome credit for new customers, along with a 3% guaranteed discount off supply and usage charges respectively. It’s GreenPower plan has a 3% discount and a once-off $100 welcome credit.
- GloBird offers a range of conditional bill credits for direct debit and paying on time on its GloSave, GloGreen, Greenmax, SolarPlus and UltraSave plans.
- Kogan Energy is giving all bill-payers who sign up to Kogan Energy with Free First a 12-month complimentary membership to Kogan First – a discounts and rewards program for shoppers. Current members receive a once-off sign up credit of $100.
- Lumo Energy customers on the Lumo Plus plan can earn $25 bonus Lumo Rewards credits, plus $50 for three consecutive monthly bills that are paid by the due date. South Australian Lumo customers also have access to the retailer’s Lumo Rewards program, which awards discounts on everything from dining to travel. Only available for customers on the applicable network tariff.
- Momentum Energy’s Warm Welcome offer comes with a one-off $50 bill credit for new customers. This credit will be applied to your first electricity bill.
- Nectr 100% Clean plan is 100% carbon neutral.
- Origin’s Everyday Rewards plan offers up to 5,000 Everyday Rewards points for each power type, and an extra point for every dollar spent on a customer’s bill. With a further 2,000 points on the line for those that opt into Origin’s Go Zero Electricity carbon offset scheme. Origin’s Home Support Plan offers an Emergency Home Assistance Program membership provided by Allianz Global Assistance.
- OVO Energy is paying 3% interest on credit balances (after all monthly charges are considered). The Free 3 and Basic Free 3 plans offer a 43% percentage of usage discount (actual discount may vary depending on usage). OVO’s EV and Basic EV plans offer free electricity between 11am-2pm everyday and a usage charge of .8c/kWh between midnight and 6am.
- Powershop’s Switch Saver offer is giving customers a one-off bill credit worth $150. Households will need to be a new Powershop customer in order to be eligible for the credit.
- Red Energy is offering new customers the opportunity to earn Qantas frequent flyer points on its Qantas Red Saver plan. All customers who sign up will not only receive 10,000 Qantas points, but a further two points per $1 spent on energy bills. For each month that customers are on the Red BCNA Saver plan, Red Energy will contribute $5 to Breast Cancer Network Australia. Red Energy offer free electricity between 12PM and 2PM Saturday and Sunday for customers on the Red EV Saver plan. Red Energy will donate $5 to the Taronga Conservation Society Australia for each month a customer is connected to the Red Wildlife Saver plan.
Don’t let bonuses lure you into a bad energy deal. See how South Australia electricity retailers compare with our South Australia price comparison table.
What’s the deal with energy promotions?
Perhaps the most obvious trend to emerge from this review is that most promotions are only available online. While this is great for web-savvy consumers looking to compare the best deals, it’s not such good news for those who aren’t able to go online, or find the idea of comparing plans too daunting.
For those engaged in the energy market, there are certainly some interesting offers to consider. Red Energy arguably stands out for offering plans tailored to frequent flyers, which appear to bring a tangible value add, while Energy Locals’ refer a friend deals could prove profitable if you can persuade enough people to follow your lead. That said, you should be open with them about your intentions.
It’s hugely important not to get too carried away with promotions and to compare plans based on their standard pricing and conditions first. If you find two similar products and can’t decide between them, then incentives are worth considering to sweeten the deal.
Original reporting by Simon Downes
Image Source: greenbutterfly/Shutterstock.com
Share this article