SA election: Jay to resign as Labor leader after loss to Liberals

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He promised the Liberals would fix South Australia's high electricity costs, despite the independent arbiter finding his party had misled voters over a promise to cut bills by $302.

Nick Xenophon's SA Best party is likely to have a presence in the new SA government, he said.

"Connie and Frank will be in the Legislative Council for the next eight years fighting day in and day out on a whole range of issues to ensure the government is truly accountable to the people of South Australia".

Mr Xenophon says the party's failure to elect any lower house MPs, including himself, is his fault and was the result of its resources being spread too thin and the "dirty" campaign waged against it.

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'I'm sorry I couldn't bring home another victory, but I do feel like one of those horses that has won four Melbourne Cups.

The former senator also looks to have been defeated in his campaign to win the seat of Hartley, but said the seat is "lineball" and has held off on conceding.

"I think most South Australians are very keen to see some change and that's certainly the vibe that we picked up this morning as we've gone across the booths", he told AAP.

'I wished him all the best on his endeavours to really take that role and make it his own'.

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Opposition Leader Steven Marshall's Liberal Party was projected to win 24 seats in the 47-seat parliament by ABC election analyst Antony Green.

But I passed onto Steven Marshall my congratulations from our party, on his personal achievement, and also the achievement of his candidates, in winning their seats, and forming a government for the state of South Australia'.

"It's a fascinating seat, it really is, and I'm really looking forward to going around and thanking everybody that supported me over the past 16 years", he said.

More than 1.2 million South Australians head to the polls on Saturday for one of the most unpredictable elections in the state's history.

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Premier Jay Weatherill will step down from the office after the election loss.

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