For New South Wales, Queensland or South Australia
Your reference price is called the Default Market Offer (DMO). It’s a government initiative to set and explain prices to customers. It acts as a benchmark for customers when comparing plans between different retailers.
It acts as a ‘cap’ on standing offer prices, which means they must not be higher than the DMO. The aim is to help make electricity prices more affordable and easier to understand.
For assistance finding the right plan, visit the Australian government website Energy Made Easy.
For Victoria
Your reference price is called the Victorian Default Offer (VDO). It’s an electricity price set by the Victorian government which applies to standing offers. It's a simple and trusted electricity price comparator.
You'll see this reference price in advertising or on websites when you compare energy plans. It helps explain prices to customers who don't engage in the electricity market. It may not always be the lowest price available to you.
For assistance finding the right plan, visit the Victorian government website Victorian Energy Compare.
For Western Australia
There's no reference price for electricity in Western Australia.