The cost of electricity per kwh Australia can vary depending on the time of day and the appliances you use in your home. It can also depend on the state you live in and which energy retailer you choose. It’s important to understand the different factors that influence the price of electricity in Australia so you can choose the best plan for your needs.

Retail electricity prices in the National Electricity Market (NEM) are currently at their lowest level in eight years, and are less than half of those in many European countries. In fact, according to the Australian Competition and Consumer Commission, Australia’s average household electricity prices per kWh are the 10th lowest in the OECD.

Powering Up: The Importance of Getting Your Electricity Connected

There are a number of ways to lower your power bills, and the best place to start is by changing your default offer. You can either do this yourself online or contact an expert at CheapBills to find a plan that suits your lifestyle and budget. If you switch from the Victorian Default Offer, for example, you could save up to $250 in power bill savings!

Electricity rates are a complex business and your costs will be affected by state-based government policies and other factors. The average kWh rates in NSW, VIC, SEQ and ACT are shown in this article, but the actual prices you pay will be based on your usage and network type, as well as the plans available in your area.