Victorian Energy Compare Guide: Compare Electricity Providers in Victoria
There are a lot of factors that go into comparing energy plans and switching providers and with over 20 energy providers in Victoria, it can be an overwhelming task to ensure you’re getting the best energy deal for you. 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.
Compare electricity providers in Victoria
With over 20 gas and electricity providers in Victoria, it can be hard to even know where to begin when comparing energy plans and prices. No matter what is most important for you when comparing and switching energy providers, you’re probably going to consider cost. In Victoria, electricity plans are compared using the Victorian Default Offer (VDO) which is used as a reference price to show how much less (or, in some instances more) an energy providers’ plan is when compared to the government-set default offer.
Below, you can start your comparison of energy providers in Victoria by looking at different providers, along with their cheapest electricity plan, percentage off the reference price, and estimated annual cost based on the average usage within the Citipower electricity distribution network for an average annual usage of 4,000kWh/year.
| Energy Provider | Plan Name | % off the reference price | Estimated annual cost |
|---|---|---|---|
| Powerclub | Powerbank Home Flat | 23% discount | $1,093 / year |
| GloBird Energy | EasySave | 21% discount | $1,109.35 / year |
| OVO Energy | The One Plan | 18% discount | $1,170 / year |
| Elysian Energy | The Good Life | 16.8% discount | $1,178 / year |
| Lumo Energy | Basic | 16% discount | $1,198 / year |
| Tango Energy | Home Select | 16% discount | $1,199 / year |
| Dodo | Market Offer | 14% discount | $1,216 / year |
| Momentum Energy | Self Serve | 16% discount | $1,190 / year |
| Alinta Energy | Home Deal | 14% discount | $1,221 / year |
| AGL | Essentials | 12% discount | $1,246 / year |
| 1st Energy | Prepaid | 11% discount | $1,258 / year |
| Sumo | Sumo Assure | 11% discount | $1,260 / year |
| EnergyAustralia | Total Plan Home | 11% discount | $1,263 / year |
| Origin Energy | Max Saver Online Only | 11% discount | $1,263 / year |
| Simply Energy | Simply Energy Saver | 11% discount | $1,263 / year |
| Powershop | Shopper Market Offer - MegaPack | 9% discount | $1,298 / year |
| Diamond Energy | Everyday Renewable Saver | 11% conditional discounts | $1,266 / year |
| Click Energy | Hibiscus Plus | 6% discount | $1,334 / year |
| Energy Locals | Local Saver | 4% discount | $1,360 / year |
| Red Energy | Living Energy Saver | 2% discount | $1,378 / year |
| Amaysim Energy | Classic Electricity | 10% discount | $1,278 / year |
| DC Power Co | Market Offer | 5% discount | $1,342 / year |
Rates valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020.
Compare the cheapest electricity rates in Victoria
When comparing energy providers and looking at the cheapest plans, it’s important to understand how energy costs are broken down. There are two rates you pay for energy; the daily supply charge and the usage rates. The daily supply charge is a fixed amount paid daily, for connecting your home to the electricity grid, while the usage rates measure how much you pay for your energy usage in cents per kWh. Below you can find a selection of the cheapest electricity rates in Victoria, for some of the cheapest plans and providers.
Smart meters in VictoriaTake better control of your energy usage and bills by learning how to utilize your Victorian smart meter.
Powerclub electricity rates Victoria
Powerclub offers some of the cheapest electricity rates in Victoria with their wholesale electricity pricing. Rather than pay a fixed amount for a year, like most energy providers offer, Powerclub offers customers access to up-to-the-minute wholesale electricity rates for a monthly membership fee. With Powerclub’s phone app, Powerwatch, they also make sure to let you know when wholesale prices are high, allowing you to power down your home to make sure you avoid paying for spikes in the electricity grid.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Powerclub Powerbank Home Flat | 23% discount | 79.09c / day | 19.35c / kWh | $1,093 / year |
Source: Powerclub: Due to the wholesale nature of Powerclub electricity plans, rates may change. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020.
GloBird Energy rates Victoria
GloBird Energy offers cheap electricity and gas plans to Victorian residents. With GloBird Energy EasySave electricity plan, you get a guaranteed discount off your energy bill when you set up monthly direct debit and e-billing communications so you can set and forget your electricity and not need to worry about paying on time.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| GloBird Energy EasySave | 21% discount | 99c / day | 18.70c / kWh | $1,109.35 / year |
Source: GloBird Energy. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020.
OVO Energy rates Victoria
OVO Energy only offers one electricity plan to Victorian residents, promising simple, low, rates and bill smoothing monthly payment options to help you avoid bill shock. With OVO Energy The One Plan, you also get an additional 3% OVO Interest Credit when your billing account is in credit.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| GloBird Energy EasySave | 18% discount | 90.42c / day | 21.01c / kWh | $1,170 / year |
Source: OVO Energy. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020.
Elysian Energy rates Victoria
Elysian Energy offers electricity a little differently to Victorian homes. Rather than pay a variable amount depending on your energy usage, you instead choose a monthly subscription energy plan based off your household size and usage, which comes at a fixed monthly cost.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Elysian Energy The Good Life | 16.8% discount | 112.17c / day | 19.25c / kWh | $1,178 / year |
Source: Elysian Energy. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020.
Lumo Energy Rates Victoria
Lumo Energy offers discounted gas and electricity plans to Victorian residents, with their Lumo Energy Basic plan offering a steep discount, while those who frequently move home can save with waived connection and disconnection fees.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Lumo Energy Basic | 15% discount | 105.49c / day | 20.328c / kWh | $1,199 / year |
Source: Lumo Energy. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 20
Compare energy plans: Origin Energy, EnergyAustralia, and AGL Victoria
Origin Energy, EnergyAustralia, and AGL are known as “The Big Three”, meaning they are the biggest energy providers in Australia with the biggest market share. Despite recent trends of households moving away from The Big Three and opting for smaller providers, In Victoria their combined market share is still a whopping 55%. If you’re interested in one of The Big Three energy plans, keep reading below to learn more about Origin Energy, EnergyAustralia, and AGL in Victoria.
Compare Origin Energy plans Victoria
Origin Energy offers three electricity plans to Victorian residents. While Origin Max Saver offers the greatest discounts in exchange for online only billing and communications and direct debit payments, if you prefer more flexible billing and payment options Origin Flexi offers a smaller discount in exchange for the choice in online or postal billing and a variety of payment methods. While Origin Home Support, Origin Energy’s newest electricity plan, doesn’t offer a discount off the reference price it does include a 12-month Allianz Emergency Home Assistance Membership with 24/7 support for the 10 most common home emergencies.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Origin Flexi | 5% discount | 107.44c / day | 23.92c / kWh | $1,349 / year |
| Origin Home Support | No discount | 137.66c / day | 31.56c / kWh | $1,420 / year |
| Origin Online Only Max Saver | 11% discount | 100.66c / day | 22.41c / kWh | $1,264 / year |
Source: Origin Energy. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020
Compare EnergyAustralia plans Victoria
Victorian residents can enjoy the choice of three plans from EnergyAustralia. EnergyAustralia Basic Home has the same standard rates as the Victorian Default Offer, giving all customers in Victoria the standard electricity plan with 100% carbon neutral energy at no extra cost. EnergyAustralia No Frills offers customers simple, low electricity rates for 12 months, without needing to worry about confusing discounts. EnergyAustralia Total Plan, however, gives the biggest discount off the reference price, on your total energy bill every time.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Basic Home | No discount | 113.09c / day | 25.17c / kWh | $1,420 / year |
| No Frills | 10% discount | 99c / day | 23.1c / kWh | $1,285 / year |
| Total Plan | 11% discount | 100.65c / day | 22.40c / kWh | $1,263 / year |
Source: EnergyAustralia. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020
Compare AGL plans Victoria
AGL has two plans available to Victorian residents. AGL Essentials offers fixed rates for 12 months with a generous discount, while AGL Essentials Saver gives customers an ongoing discounted electricity plan, with no benefit period and variable rates so you can set and forget.
| Plan name | Discount off the reference price | Daily supply charge | Usage rates | Estimated annual cost |
|---|---|---|---|---|
| Essentials | 12% discount | 102.49c / day | 23.05c / kWh | $1,246 / year |
| Essentials Saver | 9% discount | 105.96c / day | 23.58c / kWh | $1,281 / year |
Source: AGL. Valid for postcode 3000 within Citipower distribution network on a single-rate tariff. Estimated annual cost based on average usage of 4,000kWh/year. Discounts and rates vary depending on location. Valid August 2020
Best solar feed-in-tariffs in Victoria 2020
The Victorian Government is the only state in Australia where they set a minimum solar feed-in-tariff. If you have a residential solar PV system in Victoria, you’re guaranteed at least 10.2c/kWh for the solar energy you generate and send back into the grid. However, many energy providers in Victoria offer a higher solar feed-in-tariff, so you can earn back even more from what you generate through solar energy.
| Provider | Lowest solar FiT | Highest solar FiT |
|---|---|---|
| Origin Energy | 10.2c | 20c |
| Momentum Energy | 10.2c | 13.5c |
| Click Energy | 12c | 13c |
| Amaysim Energy | 12c | 13c |
| 1st Energy | 10.2c | 12c |