Australia’s cheapest electricity plans 2020

By Tom Watson ·
family-sitting-around-dinner-table

How much do you pay for electricity every year? $1,200? $1,500? More?

It’s true, power is an unavoidable cost, but that doesn't mean households should be paying more than they need to. In fact, households could save hundreds of dollars a year by switching to a better value deal. 

That’s where the 2020 Mozo Experts Choice Awards for Energy can help, because every year our expert judges crunch the numbers so you don’t have to. 

“Not everyone enjoys sitting down with a spreadsheet trying to figure out how much their energy is costing them and which plans may get them a better deal. After all, there are so many retailers and plans out there, so finding the cheapest ones is a massive task,” says Mozo expert judge, Peter Marshall.

“Energy tariffs can also be complicated and there a number of factors that need to be considered, so for the Mozo Experts Choice Awards we do all those calculations in order to  identify the plans that would be the cheapest for the majority of people.” 

So the big question is, are you looking to switch to a cheaper electricity plan? Get started by comparing Australia’s best value energy plans of 2020 below.

Australian Capital Territory

  • 2020 Mozo Experts Choice Award (Electricity - ACT): Powerbank Home Flat from Powerclub

One of the biggest winners in the 2020 Mozo Experts Choice Energy Awards, Powerclub, took out this year’s top prize for cheapest residential electricity in the ACT with its Powerbank Home Flat plan. Unlike most electricity retailers, Powerclub is member-owned and it provides its customers with access to wholesale energy prices.

New South Wales

  • 2020 Mozo Experts Choice Awards (Electricity - NSW): GloSave from GloBird Energy and Advance from ReAmped Energy

Looking for the cheapest electricity options in New South Wales? Well you’ll have to look beyond the major retailers, because our expert judges determined the GloSave plan from GloBird Energy and the Advance plan from ReAmped Energy to be the best value plans for residents in New South Wales.

Queensland

  • 2020 Mozo Experts Choice Awards (Electricity - QLD): Advance from ReAmped Energy and All Day Breakfast from Mojo Power

In the sunshine state, the Mozo judges named the All Day Breakfast plan from Mojo Power as an award winner for cheapest residential electricity plan in Queensland. Equally impressive was the Advance plan from ReAmped Energy - the second year in a row the Brisbane-based retailer has won the award.

South Australia

  • 2020 Mozo Experts Choice Awards (Electricity - SA): Advance from ReAmped Energy and Powerbank Home from Powerclub

When it comes to the cheapest electricity plans for South Australians, a few familiar names rose to the top in the 2020 Mozo Experts Choice Awards. The Advance plan from ReAmped Energy and Powerbank Home plan from Powerclub proved the standouts plans when it came to best value with our judges.

Victoria

  • 2020 Mozo Experts Choice Awards (Electricity - VIC): Resi Market Simple Plan from Elysian Energy and the Powerbank Home from Powerclub

Two electricity plans rose above the rest in offering the cheapest electricity prices for Victorian households. 2020 Electricity Retailer of the Year (VIC), Elysian, delivered for a second straight year, taking out an award for its Resi Market Simple Plan. Meanwhile, serial award winner Powerclub and its Powerbank Home plan proved just as impressive with our judges once again.

RELATED: The winners in the Mozo Experts Choice Awards for Energy 2020 announced

For more information about our Energy awards, including the full winners list and a copy of the methodology report, check out the 2020 Mozo Experts Choice Awards homepage.

 icon

Compare energy

Find energy plans available in your area in just seconds.

Tom Watson
Tom Watson
Finance journalist

Tom Watson is a financial journalist at Mozo, specialising in fintech, property and business banking. Whether it’s reporting on banking trends or uncovering the latest product innovations, Tom’s mission is to keep our readers up to date with breaking Australian financial news. His work is often sourced in the media and across social media channels. Tom has a degree in Journalism from the University of Technology, Sydney.