Microbial fuel cells (MFCs) produce electricity as a result of the microbial metabolism of organic substrates, hence they represent a sustainable approach for energy production and waste treatment. If the technology is to be implemented in industry, low cost and sustainable bioelectrodes must be developed to increase power output, increase waste treatment capacity, and improve service intervals. Although the current application of abiotic electrode catalysts, such as platinum and electrode binders such as Nafion leads to greater MFC performance, their use is cost prohibitive. Novel bioelectrodes which use cost effective and sustainable materials are being developed. These electrodes are developed with the intention to reduce start-up time, reduce costs, extend life-span and improve core MFC performance metrics (i.e. power density, current density, chemical oxygen demand (COD) reduction and Coulombic efficiency (CE)). Comparison of different MFC systems is not an easy task. This is due to variations in MFC design, construction, operation, and different inocula (in the case of mixed-culture MFCs). This high intra-system variability should be considered when assessing MFC data, operation and performance. This review article examines the major issues surrounding bioanode and biocathode improvement in different MFC systems, with the ultimate goal of streamlining and standardising improvement processes.