Compare Energy Victoria
Rates based on electricity distributor for Melbourne (3000) with an average use of 10.9kWh/day.
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Looking for the cheapest electricity in Victoria? Trying to find out if you are getting a good deal? Welcome to our Victorian energy compare guide, where we walk you through all the best energy providers in VIC. If you’re interested in switching to a different energy provider in Victoria, you can find a detailed comparison of different rates, plans, and providers by reading more below.
Victoria is one of the biggest & most diverse estates when it comes to energy providers, which is why it can be a bit overwhelming to delve into it. Choosing the best energy provider in Victoria ultimately comes down to your preferences and your energy-usage habits.
While it may be tempting to just go with the cheapest gas or electricity plan, there are many other things you should consider. Sometimes energy plans include attractive bonuses & rebates that can help you save money outside your electricity bill.
It can also be the case that some other providers don’t offer the cheapest deals but have excellent customer service and are 100% based in Australia, which may make it easier to contact them.
We have done the research for you by comparing all energy providers to find the cheapest electricity plans and providers in Victoria, based on the estimated annual cost.
Here is a List of the Cheapest Energy Plans in Victoria:
Rank | Energy Provider + Plan | Estimated Yearly Price | Additional Information |
|---|---|---|---|
| $930 / year | Benefits: Solar Feed-In & Smart Meter Compatible Daily Supply Charge: 66.00c/day | ||
| $1,037 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 149.60c/day | ||
| $1,062 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 115.25c/day | ||
| $1,100 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 80.67c/day | ||
| $1,168 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 93.50c/day | ||
| $1,178 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 89.89c/day | ||
| $1,334 / year | Benefits: Solar Feed-In & GreenPower Daily Supply Charge: 89.89c/day | ||
| $1,334 / year | Benefits: Solar Feed-In, GreenPower & Smart Meter Compatible Daily Supply Charge: 97.97c/day |
*Figures are for illustrative purposes only and don't compare all products, providers, plan features, offers, or rates. Products are compared like-for-like and any distinctions between products are clearly marked. Not all offers may be available in all locations or distribution networks. Rates based on electricity distributor for Melbourne (3000) with an medium usage of 10.9kWh/day. Calculations are based on the reference price for this area. Any offers or estimated costs compared are for example purposes only and may change based on your individual circumstances or habits. Selectra advises you to do your own research at energymadeeasy.com before determining if you should sign up for a new energy plan. Offers and availability are subject to change. Read more about Basic Plan Information here. Last Updated May 2024.
Important Information Show Less
As the biggest city in Victoria, comparing gas prices in Melbourne is important to ensure you’re getting the best gas plan available. Below, you can compare gas prices, to find the cheapest gas plan and provider for you.
Rank | Energy Provider + Plan | Estimated Yearly Price | Additional Information |
|---|---|---|---|
| $610 / year | Daily Supply Charge: 25.19c/day | ||
| $710 / year | Daily Supply Charge: 74.31c/day | ||
| $760 / year | Daily Supply Charge: 88.0c/day | ||
| $780 / year | Daily Supply Charge: 76.23c/day | ||
| $800 / year | Daily Supply Charge: 81.93c/day | ||
| $800 / year | Daily Supply Charge: 81.93c/day | ||
| $840 / year | Daily Supply Charge: 88.48c/day | |
| $840 / year | Daily Supply Charge: 110.0c/day | ||
| $840 / year | Daily Supply Charge: 114.15c/day | ||
| $870 / year | Daily Supply Charge: 76.04c/day | ||
| $870 / year | Daily Supply Charge: 95.59c/day |
Source: Energy providers basic plan. Valid within AGN Central distribution network. Comparison does not include all available offers. Estimated annual cost includes conditional discount and is based on average usage of 58,035Mj/year. Discounts and rates vary depending on location.Calculations are based on the reference price for this area. Any offers or estimated costs compared are for example purposes only and may change based on your individual circumstances or habits. Selectra advises you to do your own research at energymadeeasy.com before determining if you should sign up for a new energy plan. Offers and availability are subject to change. Read more about Basic Plan Information here. Valid July 2024.
Important Information Show Less
It’s been almost 20 years since Victoria became an open market for Energy providers. Before that, gas & electricity prices in Victoria were set by the government, meaning Aussies had few options when choosing their energy plans.
Today, the Victorian Energy Market is an ecosystem of competing Victorian electricity & gas retailers offering a large range of plans & rates with different bonuses & discounts.
All in all, this is great news for Aussies! Rivalry brings the best of Victorian power companies and a varied landscape of plans, so it's easier than ever to choose the one that best adapts to your needs.
You only need to go to the Victorian Energy Compare website and start surfing the myriad plans and providers displayed. If you are a newcomer to the Victorian Energy market or just moved to a new apartment, all of this may even feel overwhelming to you, but it’s fairly easy and intuitive.
If you are looking for a quick understanding of the basics for choosing your next energy plan & provider and don’t know where to begin, a good starting point is learning what the Victorian Default Offer is.
What Makes Victoria’s Energy Market Unique? Victoria is the only Australian state that uses its site, Victorian Energy Compare, to compare energy plans & rates. With Victorian Energy Compare, Victorians can learn about the different providers of gas & electricity in their region and compare their prices and plans, as well as other detailed information like the types of tariffs, conditions & potential discounts and rebates like the current $250 power-saving bonus offered by the Victorian government.
A good starting point to choosing the cheapest provider is looking at the discount off the Victorian Default Offer. However, don't forget to research other aspects of the plan that can potentially help you save money, like bonuses and rewards.
It is important to keep a close eye on a few key aspects, and you won’t feel overwhelmed:
The Victorian Default Offer is the maximum any energy retailer can charge you for their default standing offers (basic government-regulated plans that don't include discounts or bonuses).
The Victorian Default Offer was introduced in 2019 as a way to protect Victorian citizens from potentially unfair prices of energy retailers (lucky you!). In other words, no electricity or gas retailer can charge you more than what the VCO sets for your distribution zone.
What Is the Distribution Zone and How Do I Know Mine? Your distribution zone is usually shown in your electricity bill. If you can’t find it, you can also find out what your distribution zone is by asking your provider or looking it up directly on the Victorian Government’s Energy website.
| Distribution Zone | VDO on a Flat-Rate Tarrif |
|---|---|
| AusNet Services | $2,026 / year |
| Citipower | $1,571 / year |
| Jemena | $1,720 / year |
| Powercor | $1,793 / year |
| United Energy | $1,755 / year |
Source: Victorian Essential Services Commission, 2022. Prices based on average annual usage of 4,000kWh / 365days. Valid July 2024.
The Victorian Default Offer also differs for residential and business customer. Select below whether you are a residential or small business customer and your type of tariff to find information about the current Victorian Default Offer (the current VDO is valid until 30 June 2023):
Here is a list with the current VDO for Victorian residential customers on a single rate tariff:
| Distribution Zone | Supply Charge ($ per day) | Usage charge ($ per kWh) | Controlled load ($ per kWh) |
|---|---|---|---|
| AusNet Services | $1.3251 | $0.3851 / $0.3955 * | $0.2869 |
| CitiPower | $1.1525 | $0.2871 | $0.2271 |
| Jemena | $1.1438 | $0.3252 | $0.2639 |
| Powercor | $1.3002 | $0.3292 | $0.2559 |
| United Energy | $1.0814 | $0.3174 | $0.2466 |
Source: the Essential Services Commission site. Valid July 2024.
Here is a list with the current VDO for Victorian residential customers on a time of use tariff:
| Distribution Zone | Supply Charge ($ per day) | Peak usage charge ($ per kWh) | Off Peak usage charge ($ per kWh) | Controlled load ($ per kWh) |
|---|---|---|---|---|
| AusNet Services | $1.3251 | $0.4932 | $0.2869 | $0.2869 |
| CitiPower | $1.1525 | $0.3719 | $0.2441 | $0.2271 |
| Jemena | $1.1438 | $0.3925 | $0.2710 | $0.2639 |
| Powercor | $1.3002 | $0.4265 | $0.2772 | $0.2559 |
| United Energy | $1.0814 | $0.4120 | $0.2665 | $0.2466 |
Source: the Essential Services Commission site. Valid July 2024.
Here is a list with the current VDO for Victorian small businesses on a single rate tariff:
| Distribution Zone | Supply Charge ($ per day) | Usage charge ($ per kWh) |
|---|---|---|
| AusNet Services | $1.3251 | $0.4155 / $0.4381 * |
| CitiPower | $1.3434 | $0.2834 |
| Jemena | $1.3057 | $0.3307 |
| Powercor | $1.4275 | $0.3062 |
| United Energy | $1.2405 | $0.3028 |
Source: the Essential Services Commission site. Valid July 2024.
Here is a list with the current VDO for Victorian small businesses on a time of use tariff:
| Distribution Zone | Supply Charge ($ per day) | Peak usage charge ($ per kWh) | Off Peak usage charge ($ per kWh) |
|---|---|---|---|
| AusNet Services | $1.3251 | $0.4268 | $0.2537 |
| CitiPower | $1.3434 | $0.3428 | $0.2230 |
| Jemena | $1.6800 | $0.3687 | $0.2308 |
| Powercor | $1.4275 | $0.3950 | $0.2373 |
| United Energy | $1.2405 | $0.3728 | $0.2336 |
Source: the Essential Services Commission site. Valid July 2024.
Residents of Victoria have a number of energy providers to choose from, depending on what you’re looking for: the cheapest electricity, greenest retailer, or a simple plan you don’t need to think about.
See all Energy Providers in Victoria
Below we outline a selection of providers and plans available to residents of Victoria, as well as the lowest average annual cost and percentage discount off the Victorian Default Offer.
There is no shortage of Victorian electricity retailers. Victorian Aussies have over 20 different options to choose from and the 3rd lowest bills in Australia thanks to this jolly competition.
This is a List of All the Electricity Retailers in Victoria as of July 2024.:
However, deciding on the best provider can be like picking the best dessert in a fancy restaurant, so keep a close eye on a few key aspects, and you won’t feel overwhelmed.
Much like with electricity, Victorian residents are in luck when it comes to going on a gas provider hunt.
Victoria is the Australian estate with the largest number of gas retailers, so you should also consider bonuses and rebates when choosing to make your choice. In this list, you will find all gas providers in Victoria as of July 2024.:
There are several energy distributors in Victoria, which is why it’s all the more reason to know who supplies electricity and gas to your house. In cases of emergency, such as the smell of gas or an electrical outage, it’s important to know your distributor so they can come out and fix the issue as soon as possible.
| Distributor | Service District | Emergency Number | General Number |
| Powercor Australia | Western suburbs and western Victoria | 132 412 | 132 206 |
| AusNet Services | Outer northern and eastern suburbs and eastern Victoria | 131 799 | 1300 360 795 |
| United Energy Distribution | Southern suburbs and Mornington peninsula | 132 099 | 1300 131 689 |
| Citipower | City and inner suburbs | 131 280 | 1300 301 101 |
| Jemena | Northern and north-western suburbs | 131 626 SMS service: 0427 840 744 | 1300 131 871 |
| Distributor | Service District | Emergency Number | General Number |
| Multinet Gas | Melbourne’s inner and outer east, the Yarra Ranges and South Gippsland | 132 691 | 1300 887 501 |
| Ausnet Services | Aberfeldie | 136 707 | 1300 360 795 |
| Australia Gas Networks | Merrifield, Heathcote/Wandong Junction, Koo Wee Rup, Mildura | Gas leak:1800 GAS LEAK Fault1800 898 220 | 1300 001 001 |
Energy prices are on the rise across the country, and bills in Victoria reflect that.
The average household within the state spends between $1,700 and $2,100 per year on electricity, with households with pools spending more than $2,200 per year.
However, by implementing energy saving measures, such as unplugging appliances when not in use or buying insulated curtains, you can make sure to reduce your energy usage and lower your energy bill.
With energy rates as expensive as they are, it can be difficult to keep up with you electricity and gas bills.
However, the Victorian government has a handful of concessions and rebates for residents who might be experiencing financial hardship. If you’re having trouble paying your energy bills, it’s best to first contact your energy provider and speak with them about what all your options are.
Despite once lagging behind some of the other Australian states, Victoria is now on track to reaching it’s renewable energy goals of 50% by 2030.
Currently, over 20% of all energy generation in the state is sourced from renewable energy sources, and while hydroelectricity was the most popular renewable generation method, solar and wind generation has increased considerably in the last six years. This includes the more than 450,000 homes with small-scale solar PV systems installed.
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The Victorian Government is the only state in Australia to set a minimum solar feed-in tariff rate.
If you have a residential solar PV system in Victoria, you’re guaranteed at least 4.9c/kWh for the solar energy you send back into the grid thanks to the minimum rate set by the government.
However, apart from the minimum, many energy providers in Victoria offer higher solar feed-in tariffs so you can earn back even more from what you generate through solar energy. If you have a PV system you may also qualify for the Victoria solar rebate.
New FIT Regulation In Victoria:The Victorian Government is changing the minimum feed-in tariff rate from 5.2c/kWh to 4.9c/kW starting July 1, 2023.
| Energy Provider | Minimum FIT Rate | Maximum FIT Rate |
|---|---|---|
| Lumo Energy | 4.9 c/kWh | 66.0 c/kWh |
| SUMO | 5.2 c/kWh | 60.0 c/kWh |
| 1st Energy | 4.9 c/kWh | 60.0 c/kWh |
| Dodo | 5.2 c/kWh | 60.0 c/kWh |
| AGL | 4.9 c/kWh | 60.0 c/kWh |
| Energy Australia | 5.4 c/kWh | 11.6 c/kWh |
| Tango Energy | 5.2 c/kWh | 10.4 c/kWh |
| Energy Locals | 6.7 c/kWh | 8.3 c/kWh for the first 10 kWh exported each day, 6.7 c/kWh after |
| Arcline by RACV | 5.2 c/kWh | 8.3 c/kWh for the first 10 kWh exported each day, 5.2 c/kWh after |
| OVO Energy | 7.0 c/kWh | 8.0 c/kWh |
| Momentum Energy | 6.7 c/kWh | 7.0 c/kWh |
| Diamond Energy | 5.2 c/kWh | 7.0 c/kWh |
| Discover Energy | 5.2 c/kWh | 6.9 c/kWh |
| Powershop | 3.5 c/kWh | 6.7 c/kWh |
| GloBird Energy | 6.7 c/kWh | 6.7 c/kWh |
| Alinta Energy | 6.7 c/kWh | 6.7 c/kWh |
| CovaU | 4.9 c/kWh | 6.7 c/kWh |
| Origin Energy | 4.9 c/kWh | 12 c/kWh or 20.0 c/kWh if you purchased solar panels via Origin |
| Red Energy | 5.2 c/kWh | 6.2 c/kWh |
| ReAmped Energy | 5.2 c/kWh | 6.0 c/kWh |
| Simply Energy | 5.2 c/kWh | 5.2 c/kWh |
| Kogan Energy | 5.2 c/kWh | 5.2 c/kWh |
Valid July 2024.
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