Electricity in Victoria | Compare Energy Providers & Plans

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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.

Cheapest Electricity Plans in VIC

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:

Selectra's Recommendation: Electricity Plans in Victoria, 2024

Rank

Energy Provider + Plan

Estimated Yearly Price

Additional Information

 

Sumo
SUMO Switch
 

$930 / yearBenefits:
Solar Feed-In & Smart Meter Compatible
   
Daily Supply Charge:
66.00c/day
 

Tango
Tango Value Select
 

$1,037 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
149.60c/day
 

EnergyAustralia
EnergyAustralia Balance Plan
 

$1,062 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
115.25c/day
 

Dodo
Dodo Power & Gas
 

$1,100 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
80.67c/day
 

Ovo
Ovo Energy The One Plan
 

$1,168 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
93.50c/day
 

Alinta Energy
Alinta Energy Select Saver
 

$1,178 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
89.89c/day
 

AGL
AGL Value Saver
 

$1,334 / yearBenefits:
Solar Feed-In & GreenPower
   
Daily Supply Charge:
89.89c/day
 

Origin
Origin Advantage Variable
 

$1,334 / yearBenefits:
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

Compare Gas Plans in Victoria

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.

Gas Rates in VIC

Rank

Energy Provider + Plan

Estimated Yearly Price

Additional Information

 

Dodo
Dodo Residential Market Plan
 

$610 / yearDaily Supply Charge:
25.19c/day
 

Origin
Origin Go Variable
 

$710 / yearDaily Supply Charge:
74.31c/day
 

Sumo
SUMO Lite Residential
 

$760 / yearDaily Supply Charge:
88.0c/day
 

AGL
AGL Residential Value Saver
 

$780 / yearDaily Supply Charge:
76.23c/day
 

Red Energy
Red Energy Living Energy Saver
 

$800 / yearDaily Supply Charge:
81.93c/day
 

Lumo
Lumo Basic
 

$800 / yearDaily Supply Charge:
81.93c/day
 

Engie
Engie Stay Plan
 

$840 / yearDaily Supply Charge:
88.48c/day
 

Tango
Tango eSelect
 

$840 / yearDaily Supply Charge:
110.0c/day
 

EnergyAustralia
EnergyAustralia Flexi Plan
 

$840 / yearDaily Supply Charge:
114.15c/day
 

Alinta Energy
Alinta Energy HomeSaver
 

$870 / yearDaily Supply Charge:
76.04c/day
 

Momentum
Momentum Energy Suit Yourself
 

$870 / yearDaily 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 June 2024.

Important Information Show Less

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, 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.

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.

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).

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.

Victorian Default Offer By Distribution Zone
Distribution ZoneVDO 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 June 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):

Victorian Default Offer by Tariff Type

Victorian Default Offer for Residential Customers - Single Tariff

Here is a list with the current VDO for Victorian residential customers on a single rate tariff:

VDO Single Rate Tariff
Distribution ZoneSupply 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 June 2024.

Victorian Default Offer for Residential Customers - Time of Use Tariff

Here is a list with the current VDO for Victorian residential customers on a time of use tariff:

VDO Time of Use Tariff
Distribution ZoneSupply 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 June 2024.

Victorian Default Offer for Small Businesses - Single Tariff

Here is a list with the current VDO for Victorian small businesses on a single rate tariff:

VDO Single Rate Tariff
Distribution ZoneSupply 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 June 2024.

Victorian Default Offer for Small Businesses - Time of Use

Here is a list with the current VDO for Victorian small businesses on a time of use tariff:

VDO Time of Use Tariff
Distribution ZoneSupply 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 June 2024.

Energy Providers in Victoria

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.

Electricity & Gas Providers VIC

Electricity Providers VIC

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 June 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.

Gas Providers VIC

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 June 2024.:

  • 1st Energy
  • AGL
  • Alinta Energy
  • CovaU
  • Dodo Power & Gas
  • Energy Australia
  • Globird Energy
  • Kogan Energy
  • Lumo Energy
  • Momentum Energy
  • Origin Energy
  • Powershop Australia
  • Red Energy
  • Simply Energy
  • Sumo
  • Tango Energy

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.

Electricity Distributors in Victoria
DistributorService DistrictEmergency NumberGeneral Number
Powercor AustraliaWestern suburbs and western Victoria132 412132 206
AusNet ServicesOuter northern and eastern suburbs and eastern Victoria131 7991300 360 795
United Energy DistributionSouthern suburbs and Mornington peninsula132 0991300 131 689
CitipowerCity and inner suburbs131 2801300 301 101
JemenaNorthern and north-western suburbs131 626
SMS service: 0427 840 744
1300 131 871
Gas Distributors in Victoria
DistributorService DistrictEmergency NumberGeneral Number
Multinet GasMelbourne’s inner and outer east, the Yarra Ranges and South Gippsland132 6911300 887 501
Ausnet ServicesAberfeldie136 7071300 360 795
Australia Gas NetworksMerrifield, Heathcote/Wandong Junction, Koo Wee Rup, MilduraGas leak:1800 GAS LEAK
Fault1800 898 220
1300 001 001

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.

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.

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.

  • 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 Victoria

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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Solar Feed-in Tariffs VIC

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

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.

Compare Solar Feed-in Tariffs Victoria

Solar Feed-in Tariffs Victoria
Energy ProviderMinimum FIT RateMaximum FIT Rate
Lumo Energy4.9 c/kWh66.0 c/kWh
SUMO5.2 c/kWh60.0 c/kWh
1st Energy4.9 c/kWh60.0 c/kWh
Dodo5.2 c/kWh60.0 c/kWh
AGL4.9 c/kWh60.0 c/kWh
Energy Australia5.4 c/kWh11.6 c/kWh
Tango Energy5.2 c/kWh10.4 c/kWh
Energy Locals6.7 c/kWh8.3 c/kWh for the first 10 kWh exported each day, 6.7 c/kWh after
Arcline by RACV5.2 c/kWh8.3 c/kWh for the first 10 kWh exported each day, 5.2 c/kWh after
OVO Energy7.0 c/kWh8.0 c/kWh
Momentum Energy6.7 c/kWh7.0 c/kWh
Diamond Energy5.2 c/kWh7.0 c/kWh
Discover Energy5.2 c/kWh6.9 c/kWh
Powershop3.5 c/kWh6.7 c/kWh
GloBird Energy6.7 c/kWh6.7 c/kWh
Alinta Energy6.7 c/kWh6.7 c/kWh
CovaU4.9 c/kWh6.7 c/kWh
Origin Energy4.9 c/kWh12 c/kWh or 20.0 c/kWh if you purchased solar panels via Origin
Red Energy5.2 c/kWh6.2 c/kWh
ReAmped Energy5.2 c/kWh6.0 c/kWh
Simply Energy5.2 c/kWh5.2 c/kWh
Kogan Energy5.2 c/kWh5.2 c/kWh

Valid June 2024.

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