If you plan to move interstate, you should first be aware of how energy rules differ across Australia since the energy sector is regulated by individual states and territories.
For example, New South Wales (NSW), Australian Capital Territory (ACT), Victoria (VIC), South Australia (SA) and South East Queensland (QLD) enjoy full retail competition, as the energy sector in these states is deregulated. Deregulation means the government has opened the market to competition, so you’re free to choose your energy provider.
However, in regional Queensland and Western Australia (WA), energy regulations are different. As energy can cost more for providers to service regional areas, energy regulation keeps customers in these locations from being charged overly inflated prices. For example, in regional Queensland, prices are regulated by the state government, but only Ergon Energy operates in the area (which is the distributor and retail arm of the Queensland government). In Western Australia, the state government also regulates the energy and, just like regional Queensland, customers can’t choose their electricity provider, but they can choose their gas provider.
Full retail competition exists in the Northern Territory (NT) and Tasmania (TAS), but your choices for providers are limited compared to other deregulated states.
Usually, prices will be notably different when moving between a regulated market and a deregulated market, or even between deregulated markets. As a result, your energy costs may change depending on where you decide to live.
Learn more about Australia’s energy regulations.