Default Market Offer 2026-27

The Default Market Offer is the regulated reference price for electricity in NSW, South East Queensland and South Australia; Victoria's equivalent is the Victorian Default Offer. For 2026-27 they fell almost everywhere: a flat-rate home on Ausgrid pays at most $1,899 a year on a standing offer, -3.4% on last year. Every figure below applies from 1 July 2026 to 30 June 2027.

DMO and VDO figures checked

-3.4% to -5.0%NSW residential flat rate
-7.2%South East Queensland
+1.4%South Australia, the only rise

Residential reference prices

AER, final determination 26 May 2026
Default Market Offer 2026-27, residential annual prices including GST
Network Flat rate, a yearChange vs 2025-26Time of use, a yearFree-power plan, a yearUsage assumed
AusgridSydney (east, inner west, north), Central Coast, Hunter $1,899-3.4% (-$66); time of use -3.7%$1,893$1,8933,900 kWh
Endeavour EnergyWestern Sydney, Blue Mountains, Southern Highlands, Illawarra $2,328-3.4% (-$83); time of use -3.8%$2,320$2,3204,900 kWh
Essential EnergyRegional and rural NSW $2,604-5% (-$137); time of use -7.7%$2,530$2,5304,600 kWh
EnergexSouth East Queensland (Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan) $1,988-7.2% (-$155); time of use -10.7%$1,914$1,9144,600 kWh
SA Power NetworksSouth Australia $2,334+1.4% (+$33); time of use -1.1%$2,276$2,2764,000 kWh

AusgridSydney (east, inner west, north), Central Coast, Hunter

Flat rate, a year
$1,899
Change vs 2025-26
-3.4% (-$66); time of use -3.7%
Time of use, a year
$1,893
Free-power plan, a year
$1,893
Usage assumed
3,900 kWh

Endeavour EnergyWestern Sydney, Blue Mountains, Southern Highlands, Illawarra

Flat rate, a year
$2,328
Change vs 2025-26
-3.4% (-$83); time of use -3.8%
Time of use, a year
$2,320
Free-power plan, a year
$2,320
Usage assumed
4,900 kWh

Essential EnergyRegional and rural NSW

Flat rate, a year
$2,604
Change vs 2025-26
-5% (-$137); time of use -7.7%
Time of use, a year
$2,530
Free-power plan, a year
$2,530
Usage assumed
4,600 kWh

EnergexSouth East Queensland (Brisbane, Gold Coast, Sunshine Coast, Ipswich, Logan)

Flat rate, a year
$1,988
Change vs 2025-26
-7.2% (-$155); time of use -10.7%
Time of use, a year
$1,914
Free-power plan, a year
$1,914
Usage assumed
4,600 kWh

SA Power NetworksSouth Australia

Flat rate, a year
$2,334
Change vs 2025-26
+1.4% (+$33); time of use -1.1%
Time of use, a year
$2,276
Free-power plan, a year
$2,276
Usage assumed
4,000 kWh

Each annual price assumes the usage shown and no controlled load. The free-power plan (Solar Sharer Offer) price assumes no load moved into the free hours, which is why it equals the time-of-use price.

Victorian Default Offer

ESC, final decision 20 May 2026
Victorian Default Offer 2026-27, flat-rate annual prices including GST
Zone Residential, a yearChangeSmall business, a yearChange
CitiPowerMelbourne CBD and inner suburbs $1,481-4% (-$65)$3,033-5% (-$153)
JemenaMelbourne's north and north-west $1,563-5% (-$75)$3,488-6% (-$232)
United EnergyMelbourne's south-east and Mornington Peninsula $1,529-3% (-$50)$3,124-5% (-$166)
AusNet ServicesEastern and northern Victoria, Melbourne's outer east $1,748-8% (-$160)$3,896-11% (-$502)
PowercorWestern Victoria and Melbourne's west $1,633-4% (-$70)$3,357-4% (-$151)
Victorian average $1,591-5% (-$84)$3,380-6% (-$241)

CitiPowerMelbourne CBD and inner suburbs

Residential, a year
$1,481
Change
-4% (-$65)
Small business, a year
$3,033
Change
-5% (-$153)

JemenaMelbourne's north and north-west

Residential, a year
$1,563
Change
-5% (-$75)
Small business, a year
$3,488
Change
-6% (-$232)

United EnergyMelbourne's south-east and Mornington Peninsula

Residential, a year
$1,529
Change
-3% (-$50)
Small business, a year
$3,124
Change
-5% (-$166)

AusNet ServicesEastern and northern Victoria, Melbourne's outer east

Residential, a year
$1,748
Change
-8% (-$160)
Small business, a year
$3,896
Change
-11% (-$502)

PowercorWestern Victoria and Melbourne's west

Residential, a year
$1,633
Change
-4% (-$70)
Small business, a year
$3,357
Change
-4% (-$151)

Victorian average

Residential, a year
$1,591
Change
-5% (-$84)
Small business, a year
$3,380
Change
-6% (-$241)

Residential prices assume 4,000 kWh a year and small business 10,000 kWh. The ESC does not publish an annual price with controlled load.

Small business reference prices

DMO regions
Default Market Offer 2026-27, small business annual prices including GST
Network Flat rate, a yearChangeTime of use, a yearChangeUsage assumed
AusgridNSW $4,523-9.1% (-$454)$4,450-10.6% (-$527)10,000 kWh
Endeavour EnergyNSW $4,343-9% (-$432)$4,326-9.4% (-$449)10,000 kWh
Essential EnergyNSW $5,517-11.3% (-$705)$4,919-20.9% (-$1,303)10,000 kWh
EnergexQLD $3,849-10.4% (-$445)$3,693-14% (-$601)10,000 kWh
SA Power NetworksSA $5,162-6.8% (-$379)$4,868-12.1% (-$673)10,000 kWh

AusgridNSW

Flat rate, a year
$4,523
Change
-9.1% (-$454)
Time of use, a year
$4,450
Change
-10.6% (-$527)
Usage assumed
10,000 kWh

Endeavour EnergyNSW

Flat rate, a year
$4,343
Change
-9% (-$432)
Time of use, a year
$4,326
Change
-9.4% (-$449)
Usage assumed
10,000 kWh

Essential EnergyNSW

Flat rate, a year
$5,517
Change
-11.3% (-$705)
Time of use, a year
$4,919
Change
-20.9% (-$1,303)
Usage assumed
10,000 kWh

EnergexQLD

Flat rate, a year
$3,849
Change
-10.4% (-$445)
Time of use, a year
$3,693
Change
-14% (-$601)
Usage assumed
10,000 kWh

SA Power NetworksSA

Flat rate, a year
$5,162
Change
-6.8% (-$379)
Time of use, a year
$4,868
Change
-12.1% (-$673)
Usage assumed
10,000 kWh

Tariff caps behind the prices

Supply c/day, usage c/kWh
Residential tariff caps 2026-27 (DMO and VDO), including GST
Network Flat: supply (c/day)Flat: usage (c/kWh)Time of use: supply (c/day)Time of use: usage (c/kWh)
AusgridNSW 166.2333.14176.41Off-peak 24.04c (all other hours)
Peak 60.20c (3pm-9pm, Nov-Mar and Jun-Aug only)
Endeavour EnergyNSW 185.1333.73185.13Peak 46.57c Nov-Mar, 47.14c Apr-Oct (4pm-8pm working weekdays)
Off-peak 35.69c (all other hours, and weekends)
Solar soak 12.35c (10am-2pm)
Essential EnergyNSW 272.2235.01272.22Off-peak 24.14c (all other hours)
Peak 42.12c (7am-10am and 3pm-10pm)
EnergexQLD 192.0227.97177.85Shoulder 25.30c (9pm-11am)
Off-peak 6.98c (11am-4pm)
Peak 47.79c (4pm-9pm)
SA Power NetworksSA 180.0541.91180.05Peak 56.22c (6am-10am and 4pm-midnight)
Solar sponge 17.04c (10am-4pm)
Off-peak 32.55c (midnight-6am)
CitiPowerVIC 121.1425.96121.14Off-peak 21.17c (9pm-11am)
Solar soak 16.59c (11am-4pm)
Peak 38.31c (4pm-9pm)
JemenaVIC 127.1327.47127.12Off-peak 21.76c (9pm-11am)
Solar soak 17.65c (11am-4pm)
Peak 37.57c (4pm-9pm)
United EnergyVIC 119.1227.35119.12Off-peak 22.14c (9pm-11am)
Solar soak 17.26c (11am-4pm)
Peak 40.32c (4pm-9pm)
AusNet ServicesVIC 128.2431.98128.24Off-peak 22.60c (9pm-11am)
Solar soak 17.59c (11am-4pm)
Peak 47.64c (4pm-9pm)
PowercorVIC 138.0528.22138.05Off-peak 22.49c (9pm-11am)
Solar soak 17.26c (11am-4pm)
Peak 41.67c (4pm-9pm)

AusgridNSW

Flat: supply (c/day)
166.23
Flat: usage (c/kWh)
33.14
Time of use: supply (c/day)
176.41
Time of use: usage (c/kWh)
Off-peak 24.04c (all other hours)
Peak 60.20c (3pm-9pm, Nov-Mar and Jun-Aug only)

Endeavour EnergyNSW

Flat: supply (c/day)
185.13
Flat: usage (c/kWh)
33.73
Time of use: supply (c/day)
185.13
Time of use: usage (c/kWh)
Peak 46.57c Nov-Mar, 47.14c Apr-Oct (4pm-8pm working weekdays)
Off-peak 35.69c (all other hours, and weekends)
Solar soak 12.35c (10am-2pm)

Essential EnergyNSW

Flat: supply (c/day)
272.22
Flat: usage (c/kWh)
35.01
Time of use: supply (c/day)
272.22
Time of use: usage (c/kWh)
Off-peak 24.14c (all other hours)
Peak 42.12c (7am-10am and 3pm-10pm)

EnergexQLD

Flat: supply (c/day)
192.02
Flat: usage (c/kWh)
27.97
Time of use: supply (c/day)
177.85
Time of use: usage (c/kWh)
Shoulder 25.30c (9pm-11am)
Off-peak 6.98c (11am-4pm)
Peak 47.79c (4pm-9pm)

SA Power NetworksSA

Flat: supply (c/day)
180.05
Flat: usage (c/kWh)
41.91
Time of use: supply (c/day)
180.05
Time of use: usage (c/kWh)
Peak 56.22c (6am-10am and 4pm-midnight)
Solar sponge 17.04c (10am-4pm)
Off-peak 32.55c (midnight-6am)

CitiPowerVIC

Flat: supply (c/day)
121.14
Flat: usage (c/kWh)
25.96
Time of use: supply (c/day)
121.14
Time of use: usage (c/kWh)
Off-peak 21.17c (9pm-11am)
Solar soak 16.59c (11am-4pm)
Peak 38.31c (4pm-9pm)

JemenaVIC

Flat: supply (c/day)
127.13
Flat: usage (c/kWh)
27.47
Time of use: supply (c/day)
127.12
Time of use: usage (c/kWh)
Off-peak 21.76c (9pm-11am)
Solar soak 17.65c (11am-4pm)
Peak 37.57c (4pm-9pm)

United EnergyVIC

Flat: supply (c/day)
119.12
Flat: usage (c/kWh)
27.35
Time of use: supply (c/day)
119.12
Time of use: usage (c/kWh)
Off-peak 22.14c (9pm-11am)
Solar soak 17.26c (11am-4pm)
Peak 40.32c (4pm-9pm)

AusNet ServicesVIC

Flat: supply (c/day)
128.24
Flat: usage (c/kWh)
31.98
Time of use: supply (c/day)
128.24
Time of use: usage (c/kWh)
Off-peak 22.60c (9pm-11am)
Solar soak 17.59c (11am-4pm)
Peak 47.64c (4pm-9pm)

PowercorVIC

Flat: supply (c/day)
138.05
Flat: usage (c/kWh)
28.22
Time of use: supply (c/day)
138.05
Time of use: usage (c/kWh)
Off-peak 22.49c (9pm-11am)
Solar soak 17.26c (11am-4pm)
Peak 41.67c (4pm-9pm)

Victorian rows are the VDO flat and three-period time-of-use tariffs. The Solar Sharer and Midday Power Saver maximums are in the retailer register.

Controlled load caps

Off-peak hot water and other separately metered circuits
DMO controlled load tariff caps 2026-27, including GST
Network Controlled load 1 (c/kWh)CL1 supply (c/day)Controlled load 2 (c/kWh)CL2 supply (c/day)
AusgridNSW 19.314.7323.008.88
Endeavour EnergyNSW 20.6413.8922.0913.89
Essential EnergyNSW 19.8915.6623.9815.66
EnergexQLD 16.430.0016.750.00
SA Power NetworksSA 22.250.00nonenone

AusgridNSW

Controlled load 1 (c/kWh)
19.31
CL1 supply (c/day)
4.73
Controlled load 2 (c/kWh)
23.00
CL2 supply (c/day)
8.88

Endeavour EnergyNSW

Controlled load 1 (c/kWh)
20.64
CL1 supply (c/day)
13.89
Controlled load 2 (c/kWh)
22.09
CL2 supply (c/day)
13.89

Essential EnergyNSW

Controlled load 1 (c/kWh)
19.89
CL1 supply (c/day)
15.66
Controlled load 2 (c/kWh)
23.98
CL2 supply (c/day)
15.66

EnergexQLD

Controlled load 1 (c/kWh)
16.43
CL1 supply (c/day)
0.00
Controlled load 2 (c/kWh)
16.75
CL2 supply (c/day)
0.00

SA Power NetworksSA

Controlled load 1 (c/kWh)
22.25
CL1 supply (c/day)
0.00
Controlled load 2 (c/kWh)
none
CL2 supply (c/day)
none

SA Power Networks also has a time-of-use controlled load cap: off-peak 28.74c, solar soak 13.95c, peak 42.16c per kWh, the only DMO region with one.

Why this matters even if you are not on it. Only about 8% of homes in DMO regions are on a standing offer. But every retailer must advertise its prices against this number, so it is the ruler every electricity ad is measured with.

How to use the reference price to judge an ad

Under the ACCC's Electricity Retail Code, retailers must present their prices and discounts as a percentage compared with the reference price: the DMO where it applies, the VDO in Victoria. So "20% less than the reference price" on Ausgrid means a flat-rate plan priced at about $1,519 a year at 3,900 kWh, against the $1,899 reference price.

Three checks before you believe it:

  • Is your usage close to the assumption? The reference price is a bill at the AER's usage for your network. If you use far more or far less, or mostly in the evening, the percentage can flatter or understate a plan.
  • Is the discount conditional? A percentage that depends on paying on time or by direct debit is only real if you always do.
  • When does it end? From 1 July 2026, when a plan's benefits expire you cannot be charged more than the reference price, and market prices can rise at most once every 12 months.

Then cost the plan at your own usage. Our guide to comparing electricity plans shows how, and the state pages (NSW, Queensland, SA, Victoria) apply it network by network.

The Solar Sharer Offer is part of the DMO

For the first time, the 2026-27 DMO also sets maximum prices for the Solar Sharer Offer, the free midday power plan. Its annual price equals the time-of-use price by design: a home with the AER's typical pattern that moves nothing pays the same, and anything moved into the free hours lowers the bill against the time-of-use reference. To get there, the AER priced the other hours 1 to 4 cents per kWh above the time-of-use caps. Whether that beats your plan is a question for the savings calculator.

What makes up the price

The AER's cost stack across DMO regions: wholesale energy 30-41%, network charges 39-54%, environmental schemes 2-3% and retail costs 7-16%. In Victoria the ESC put the 2026-27 fall down to lower environmental, wholesale and residential network costs, partly offset by retail operating costs rising with inflation.

Timeline

  • 19 March 2026: AER draft DMO 2026-27, including draft Solar Sharer tariffs.
  • 20 May 2026: ESC final decision on the Victorian Default Offer 2026-27.
  • 26 May 2026: AER final determination.
  • 1 July 2026: new prices apply, and the Solar Sharer Offer starts.
  • Before 1 December 2026: the AER must publish a DMO guideline, including its Solar Sharer design approach.
  • 1 July 2027: next reset (DMO 9). The Solar Sharer design may be adjusted.

Common questions

What is the Default Market Offer?

It is a price cap set each year by the Australian Energy Regulator for standing offer customers in NSW, South East Queensland and South Australia. It is also the reference price retailers must compare their plans against in advertising. Victoria has its own equivalent, the Victorian Default Offer, set by the Essential Services Commission.

Did the Default Market Offer go down for 2026-27?

Mostly. Flat-rate residential prices fell -3.4% to -5.0% in NSW and -7.2% in South East Queensland, but rose +1.4% in South Australia. The Victorian Default Offer fell 5% on average.

Am I on the Default Market Offer?

Only if you are on a standing offer, which is about 8% of homes in DMO regions. Most people are on a market offer with the retailer's own prices. If you are on a standing offer, it is worth comparing: see how to compare plans.

When does the next Default Market Offer start?

The next reset is 1 July 2027. For 2026-27 the AER published its draft on 19 March 2026 and its final determination on 26 May 2026, so expect the 2027-28 figures in the first half of 2027. The AER must also publish a DMO guideline, including its approach to the Solar Sharer Offer, before 1 December 2026.

Sources

  1. AER, Default Market Offer 2026-27 final determination (annual prices and tariff caps), checked 17 October 2026
  2. AER, Default Market Offer 2026-27 information kit, checked 17 October 2026
  3. AER, news release: final Default Market Offer 2026-27, checked 17 October 2026
  4. ESC, Victorian Default Offer 2026-27 final decision paper, checked 17 October 2026
  5. ESC, Victorian Default Offer 2026-27 price determination (flat and time-of-use tariffs), checked 17 October 2026
  6. ACCC, rules for electricity retailers (Electricity Retail Code, reference price comparisons), checked 17 October 2026
  7. AEMC, Improving consumer confidence in retail energy plans, final determination (from 1 July 2026), checked 17 October 2026
  8. Minister for Climate Change and Energy, media release 19 March 2026 (draft DMO and Solar Sharer), checked 17 October 2026