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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.

List of energy providers Victoria
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.

Powerclub electricity rates Vic
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.

GloBird electricity rates Vic
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.

OVO Energy electricity rates Vic
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.

Elysian Energy electricity rates Vic
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.

Lumo Energy electricity rates Vic
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.

Origin Energy rates Victoria
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.

EnergyAustralia rates Victoria
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.

AGL electricity rates Victoria
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.

Compare solar feed-in-tariff Victoria 2020
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
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