Compare Electricity Plans in Victoria

Brand / Plan	Reference Price	Price per year(Estimated)	Contact
Tango Energy Value Select	16% Less than reference price	$1,394	1300 560 964  Online Subscription
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Supply Charge: $1.50 / day Usage charge: $0.18 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: TAN610816MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
1st Energy 1st Value, Residential - Anytime	16% Less than reference price	$1,401	1300 560 964  Online Subscription
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Supply Charge: $1.21 / day Usage charge: $0.21 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: 1ST619379MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Sumo Sumo Switch Demand	15% Less than reference price	$1,417	Online Subscription
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Supply Charge: $0.90 / day Usage charge: $0.24 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: SPA622364MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Lumo Energy Lumo Plus	12% Less than reference price	$1,459	1300 560 964  Online Subscription
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Supply Charge: $0.95 / day Usage charge: $0.24 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: LU2621856MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
AGL Residential Value Saver (Velocity) - New To AGL	3% Less than reference price	$1,616	1300 560 964  Online Subscription
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Supply Charge: $1.03 / day Usage charge: $0.27 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: AGD634205MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Powershop Switch Saver	1% Less than reference price	$1,646	1300 560 964  Online Subscription
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Supply Charge: $1.05 / day Usage charge: $0.28 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: POD631944MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Origin Energy Origin EDR Variable - PowerUp Your Rewards V2 (Single Rate)	1% more than reference price	$1,674	1300 560 964  Online Subscription
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Supply Charge: $1.07 / day Usage charge: $0.28 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: OR2634807MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
OVO Energy The Basic EV Plan	58% more than reference price	$2,629	1300 560 964  Online Subscription
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Supply Charge: $0.96 / day Usage charge: $0.51 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated.	Offer ID: OVO622840MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer

Brand / Plan	Reference Price	Price per year(Estimated)	logo	Contact
Tango Energy Value Select	16% Less than reference price		$1,394 Price per year(Estimated)	1300 560 964  Online Subscription
See offer detail Close offer detail
Supply Charge: $1.50 / day Usage charge: $0.18 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: TAN610816MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
1st Energy 1st Value, Residential - Anytime	16% Less than reference price		$1,401 Price per year(Estimated)	1300 560 964  Online Subscription
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Supply Charge: $1.21 / day Usage charge: $0.21 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: 1ST619379MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Sumo Sumo Switch Demand	15% Less than reference price		$1,417 Price per year(Estimated)	See Detail
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Supply Charge: $0.90 / day Usage charge: $0.24 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: SPA622364MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Lumo Energy Lumo Plus	12% Less than reference price		$1,459 Price per year(Estimated)	1300 560 964  Online Subscription
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Supply Charge: $0.95 / day Usage charge: $0.24 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: LU2621856MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
AGL Residential Value Saver (Velocity) - New To AGL	3% Less than reference price		$1,616 Price per year(Estimated)	1300 560 964  Online Subscription
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Supply Charge: $1.03 / day Usage charge: $0.27 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: AGD634205MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Powershop Switch Saver	1% Less than reference price		$1,646 Price per year(Estimated)	1300 560 964  Online Subscription
See offer detail Close offer detail
Supply Charge: $1.05 / day Usage charge: $0.28 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: POD631944MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
Origin Energy Origin EDR Variable - PowerUp Your Rewards V2 (Single Rate)	1% more than reference price		$1,674 Price per year(Estimated)	1300 560 964  Online Subscription
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Supply Charge: $1.07 / day Usage charge: $0.28 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: OR2634807MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer
OVO Energy The Basic EV Plan	58% more than reference price		$2,629 Price per year(Estimated)	1300 560 964  Online Subscription
See offer detail Close offer detail
Supply Charge: $0.96 / day Usage charge: $0.51 / kWh Reference Price: $1,664 / year *All prices listed are inclusive of GST except where indicated. Offer ID: OVO622840MR Customer type: Residential Distributor: AusNet Services (electricity) Rate type: Single Rate Offer type: Market offer

Compare Gas Plans in VIC

As the biggest city in Victoria, comparing gas prices in Melbourne is important to ensure you’re getting the best gas plan available. For those seeking the best gas and electricity provider Melbourne offers, our gas plan comparisons also help you secure the cheapest electricity and gas in Victoria.

Below, you can compare gas prices, to find the cheapest gas plan and provider for you.

Gas Rates in VIC

Tango Energy Power House 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 63.00c/day	$550 / year
GloBird Energy BOOST Residential Gas 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 69.303c/day	$580 / year
Alinta Energy HomeSaver Gas 1300 560 964 Sign Up Now Sign Up Now	Ongoing Contract Period Daily Supply Charge: 63.92c/day	$610 / year
Dodo Gas & Power Residential Market Plan 1300 299 513 Sign Up Now Sign Up Now	1 Year Benefit Period Daily Supply Charge: 66.20c/day	$650 / year
Energy Locals HomeSaver Gas 1300 560 964 Sign Up Now Sign Up Now	12 Month Contract Period Daily Supply Charge: 84.35c/day	$680 / year
Momentum Energy Warm Welcome Gas 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 95.26c/day	$680 / year
Origin Energy Go Variable 1300 560 964 Sign Up Now Sign Up Now	1 Year Contract Period Daily Supply Charge: 89.09c/day	$740 / year
CovaU Energy Super Saver Residential Single 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 90.34c/day	$760 / year
Kogan Energy Kogan Basic Gas 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 74.54c/day	$780 / year
1st Energy 1st Saver Plus 1300 560 964 Sign Up Now Sign Up Now	Ongoing Contract Period Daily Supply Charge: 86.90c/day	$820 / year
Powershop Energy Value Select 1300 560 964 Sign Up Now Sign Up Now	No Lock-In Contract Daily Supply Charge: 74.54c/day	$850 / year

Overview of The Victorian Energy Market

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, fierce competition means Victorians can easily compare electricity VIC deals and find the cheapest electricity and gas in Victoria, ensuring you’re always getting the best rates.

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. This powerful tool lets you compare electricity VIC offers and secure the best electricity rates Victoria for your home. 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.

How to Compare Electricity Plans in Victoria?

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. Remember, whether you’re comparing electricity VIC options or seeking the best energy provider VIC, focus on discounts, bonuses, and rewards to find the ideal plan.

It is important to keep a close eye on a few key aspects, and you won’t feel overwhelmed:

• Discounts Off the Reference Price: If you are looking for the cheapest electricity in Victoria, the first thing you need to consider is the discount on the Victorian Default Market Offer, which is also often referred to as the reference price. Most electricity retailers in Victoria will display the total discount off the reference price when advertising their plans, as this is the main selling point for Aussies.
• Solar Tariffs, Bonuses & Rebates: In addition to the market’s standing offer, many retailers will have various plans that offer different rewards.

What is the Victorian Default Offer?

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). This ensures that no provider charges more than the VDO, allowing you to compare electricity VIC deals confidently.

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.

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 2025):

Energy Providers in Victoria

Residents of Victoria have a plethora of energy providers to choose from—whether you want the best energy provider VIC, need the cheapest electricity and gas in Victoria, or want to compare providers to find the best gas and electricity provider Melbourne. With over 20 options available, Victorians can easily compare electricity VIC deals and secure the best electricity rates Victoria in March 2025.

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.

Energy Distributors in VIC

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. This information helps you quickly compare electricity VIC details and reach the best energy provider VIC when you need immediate assistance.

Average Electricity & Gas Costs VIC

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.

Implementing energy-saving measures can help you cut costs while enjoying the best electricity rates Victoria has to offer.

Energy Rebates & Concessions in VIC

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. If you’re searching for the cheapest electricity and gas in Victoria, these rebates might be just what you need to lower your bills.

• Annual Electricity Concession Victoria: 17.5% off of your energy providers annual electricity bill after the first $171.60
• Life Support Rebate Victoria
• Medical Cooling Concession: 17.5% of their electricity usage between the months of 1 November and 30 April
• Winter Gas Concession Victoria: 17.5% off of your gas usage and service bill after the first $62.50 of the six-month winter period

Renewable Energy in VIC

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. With over 20% of energy now sourced from renewables and more than 450,000 homes equipped with solar PV systems, Victorians can also benefit from the best solar feed in tariff VIC options available in March 2025.

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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Solar Feed-in Tariffs VIC

• 1st Energy offers the highest solar feed-in tariff in Victoria at 66.0 c/kWh.

For those seeking the best solar feed in tariff VIC offers, this section outlines top rates from leading energy providers. 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.

Your Ultimate Guide to Victoria’s Energy Deals

In summary, Victoria’s energy market in March 2025 provides a wide range of competitive options—from the best energy provider VIC to the best solar feed in tariff VIC offers. Whether you’re looking to secure the cheapest electricity and gas in Victoria, compare electricity VIC options, or find the best gas and electricity provider Melbourne, our comprehensive guide empowers you to make an informed decision and enjoy the best electricity rates Victoria has to offer.