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Why compare electricity in Victoria?

  • Victoria is home to a range of energy plans. If your current plan doesn’t offer a discount or a cheap price per kilowatt, now’s the time to compare. Why? Victoria is one of the most competitive energy markets in Australia, and there are so many options available.
  • Save on electricity at different times of the day. Take advantage of your smart meter by considering an energy plan that charges you different rates of electricity throughout the day. This means you could save money by using energy-consuming appliances during times when electricity is charged at a cheaper rate.
  • Discover any available electricity discounts. Many Australian customers haven’t compared their energy plan in years, which means any discounts that run for a limited period could have already expired. Comparing plans can help you find a new discount on your energy usage.

It’s easy to find competitive pricing on an energy plan that suits your needs and household budget; simply try our electricity comparison service today to get started.

We will help you find a better deal from Victorian energy providers

A great place to compare

Save time while you search for a better electricity and gas deal by easily comparing Victorian energy plans from different brands all in the one place (instead of searching through multiple websites).

Supported by our team

Our call centre is open six days a week and is staffed by energy experts who are ready to offer the best advice possible.

From beginning to end

Whether you need advice about your purchase or are comfortable searching by yourself; our service suits most Victorians.

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Our service is 100% free to use. Energy providers pay us a commission for every purchase, but you pay nothing. Learn more about how our energy comparison service works.

Learn more about Victoria electricity

Connecting the power when moving

You need to disconnect utilities at your old place before moving into your new home. Learn how you can avoid paying bills at both houses.

Deregulation in Victoria

The Victoria electricity industry has been deregulated since 2002. That’s why energy retailers set their own prices, and you have more products to choose between.

State energy concessions

Different households can apply for rebates to help pay for power bills, depending on their circumstances. We go into detail about these concessions.

How to track energy usage?

A smart meter tracks your energy usage every hour. We explain how these devices work and how they can help reduce your electricity bill.

Renewable energy options

If you want to commit to a sustainable energy plan, be mindful that future savings may come at the expense of upfront costs. Here are the pros & cons.

Meet the brands

The benefits of solar batteries

You won’t just save money and reduce your emissions by using solar batteries. We explain how this technology works ‘rain or shine’.

Read our guide

More information on energy in Victoria

How does the energy market work in Victoria?

In 2002, Victoria’s energy market became deregulated, which means energy providers can set their own prices and ultimately create a more competitive electricity and gas industry – before this, Victorians could only choose government-set prices.

This is good news! Why? Since the state government established this arrangement, various new energy providers have entered the market. With more players in the market, there’s naturally a higher level of commercial rivalry, which typically results in more competitive energy pricing as providers do everything they can to carve out their space within the sector.

You could save a substantial amount on your power and gas bill by simply comparing electricity and gas plans in Victoria and switching to a provider that satisfies your energy needs, at a cost that’s in line with your utilities budget.

How is electricity charged in Victoria?

In Victoria, customers will pay a supply charge (daily fee) for their electricity usage, no matter how much they use. On top of this, Victorians will also pay a usage charge, which is applied for each kilowatt per hour (kWh) of electricity that is supplied to their household or business. The more electricity residents use, the greater their usages charges.

A rough formula to calculate electricity costs in Victoria would be: supply charge + (usage charge x usage charge discount) – other discount(s) = bill amount.

These other discounts could consist of payment method discounts (e.g. discount if you pay via direct debit), pay-on-time discounts, bundling discounts, etc.

Electricity providers (those who send you a power bill) set the usage charges based on how much electricity distributors charge at wholesale for electricity. Your retailer’s prices also include their service charge, the distributor’s transmission charges, and the price of generating electricity.

Distributors, not to be confused with providers, are those who supply power to the grid and maintain energy infrastructure (e.g. power lines). Where you live in Victoria will impact the amount you’re charged for your electricity and who your distributor is.

Overview of Victorian electricity and gas distributors

Electricity distributors
CompanyService areas
AusNet ServicesOuter northern and eastern suburbs and eastern Victoria
CitipowerMelbourne City and inner suburbs
JemenaNorthern and north-western suburbs
Powercor AustraliaWestern Victoria and western suburbs
United Energy DistributionMornington Peninsula and southern suburbs
Gas distributors
Company
Australian Gas Networks
Multinet
SP AusNet Gas
Victorian electricity tariffs, including peak, shoulder and off-peak times, explained

Since Victoria’s energy market became deregulated in 2002, energy providers can offer residents a range of electricity plans with varying tariffs. Depending on your provider, your electricity usage, your meter type and where you live, you may be able to reduce the cost of your electricity in Victoria if you understand how these tariffs and other factors impact on your bill.

The cost of electricity in Victoria

Your electricity bill is influenced by a range of factors, including the:

  • supply charge from the provider
  • cost of electricity distribution that is handed down to you from your provider
  • fees in your energy contract
  • discounts (e.g. pay-on-time discounts, discounted usage rate)
  • penalties (e.g. for late payments)
  • tariff(s) you’re on.

If you choose the right tariff(s) for your usage needs, you could save money on your bill.

A tariff is the pricing structure that you’re charged for your electricity usage. Depending on the type of tariff you have on your energy plan, you could pay a different rate for your energy usage over different times of the day, or perhaps you could pay a flat rate no matter when you use electricity.

Tariffs will vary, depending on the type of meter you have, who your energy distributor is and where you live in Victoria.

Types of tariffs

There are a number of tariff options that can influence the cost of electricity in Victoria. We’ve broken these down below:

Single rate tariffs in Victoria
A single rate tariff (also known as ‘peak’, ‘flat rate’ and ‘anytime’) is the most basic type of tariff in Victoria and charges you the same rate no matter when you use your power. If you consume a lot of electricity during peak periods (e.g. weeknights), you may find it better to use a single rate tariff.

Block rate tariffs in Victoria
A block rate tariff charges you for your electricity usage in two different block rates. For instance, you’re charged a certain rate for the first portion of electricity you use in a day. Once you exceed this initial portion of energy usage, you are then charged another block rate for all other electricity you use in that day. This second block rate could be slightly higher or lower than your first block rate, depending on your retailer.

Flexible pricing tariff in Victoria
Requiring a remotely-read smart meter, the flexible pricing tariff applies a different usage rate at different times of the day: peak (3pm-9pm weekdays), off-peak (10pm-7am weekdays and 10pm-7am weekend), and shoulder (all other times). Providers charge higher rates during peak demand for electricity, and a lower rate during low demand periods.

Peak, off-peak and shoulder electricity times and rates in Victoria (flexible pricing)*

 PeakShoulderOff-peak
Hours (local time)3pm-9pm weekdays7am-3pm and 9pm-10pm weekdays, 7am-10pm weekends10pm-7am all days
Example summer rates (c/kWh)^12.90 | 13.1607.46 | 8.2163.12 | 3.884
Suitable for the following:Appliances that don’t require much energy, as you’re charged more for your usage during this time.A medium level of power usage. Try to avoid using larger appliances, like the washing machine, multiple times until the off-peak period.Large appliances, like the washing machine and dishwasher.
* Electricity retailers can also set the times that different tariffs apply, so be sure to take these times as a guide only.

^ Example summer rates are exclusive of GST. These example rates are wholesale residential rates from the distributors Powercor Australia and Jemena respectively, which appear in their 2018 tariff schedules. These rates should only be taken as a general guide, as they are subject to change. Your electricity retailer can charge different c/kWh to these wholesale rates.

Introduced on 17 September 2013, flexible pricing offers more control over your electricity bill; it encourages consumers to use more electricity during off-peak times in Victoria, instead of periods where there is high demand (peak) and the cost of delivering electricity is highest. It’s important to note that you may not find flexible pricing tariffs a suitable option if your home or business requires a lot of energy during peak periods.

The flexible pricing tariff is an opt-in pricing plan, so the changes may not impact you at all. However, as flexible pricing has the potential to save you money, you may find a compelling reason to switch providers.

Time of use tariffs in Victoria

The time of use tariff, like flexible pricing, charges you different rates depending on when you consume electricity. However, these types of tariffs in Victoria don’t include a shoulder period between peak (7am-11pm weekdays) and off-peak (all other times). Time of use also features different time periods to flexible pricing, including a larger peak window.

Peak and off-peak electricity times and rates in Victoria*

 PeakOff-peak
Hours (AEST)7am-11pm weekdaysAll other times
Example summer rates (c/kWh)^13.1602.427
Suitable for the following:Appliances that don’t require much energy, as you’re charged more for your usage during this time.Appliances that typically require more energy, like the washing machine and dishwasher.
* Electricity retailers can also set the times that different tariffs apply, so be sure to take these times as a guide only.

^ Example summer rates are exclusive of GST. These example rates are wholesale residential rates from the distributor Jemena, which appear in their 2018 tariff schedules. These rates should only be taken as a general guide, as they are subject to change. Your electricity retailer can charge different c/kWh to these wholesale rates.

Controlled load in Victoria

Also known as a two-rate tariff or dedicated circuit, controlled load makes it possible for the retailer to charge you a rate for certain appliances in your home separately from your other appliances. Controlled load tariffs are typically used for electric hot water systems or underfloor heating that often run in off-peak periods or overnight.

Keep in mind that electricity is only provided to these certain appliances during off-peak hours.

Demand tariffs in Victoria

Requiring smart meters, demand tariffs charge you based on how much electricity you use at a point in time, instead of your electricity usage over time. So, if you were to run both your dishwasher and washing machine simultaneously, your electricity demand will be increased and you will, therefore, attract a higher usage charge.

Demand tariffs are designed to optimise the energy network in Victoria as a greater number of residents will avoid using high-power appliances in the one go.

Solar feed-in tariffs in Victoria

Victorians who own solar panels can also receive a feed-in tariff (FiT); this is an amount of money you’ll receive for energy your panels send back into the grid. Retailers must offer Victorians at least the minimum tariff; in 2018-2019, the single rate minimum feed-in is 9.9c/kWh (which applies from 1 July 2018 to 30 June 2019).

Furthermore, from 1 July 2018, retailers can now offer Victorians the choice between a single rate or time-varying tariff, which means you can receive the same amount back for your energy usage no matter when it’s exported into the grid, or varying feed-in tariffs (between 7.1c/kWh and 29c/kWh in 2018-2019 from 1 July 2018) depending on the time of day electricity is fed back into the grid.

Overview of solar feed-in tariff rates and times in Victoria

Single rate minimum feed-in tariff in Victoria 2018-2019
Cents per kilowatt-hour (c/kWh)When is this credited?
9.9From 1 July 2018, this minimum rate (or more, depending on your retailer) will apply any time of day and any day during the week.
Time-varying minimum feed-in tariff in Victoria 2018-2019
Cents per kilowatt-hour (c/kWh)When is this credited?
7.1 – 29From 1 July 2018, different rates are credited depending on the time of day energy is exported back into the grid.
Victorian electricity providers

The list below showcases a range of Melbourne electricity providers, where Compare the Market’s partners appear in blue. These partners are available to you in our comparison service, depending on your location and eligibility.

Victorian electricity providers

  • 1st Energy
  • AGL
  • Alinta Energy
  • amaysim Energy
  • Blue NRG
  • Click Energy
  • Commander Power & Gas
  • CovaU
  • Diamond Energy
  • Dodo Power & Gas
  • EnergyAustralia
  • GloBird Energy
  • Lumo Energy
  • Momentum Energy
  • Origin Energy
  • People Energy
  • Powerdirect
  • Powershop
  • QEnergy
  • Red Energy
  • Simply Energy
  • Sumo
  • Tango Energy

From Melbourne and Geelong to Ballarat and the places in between, you can compare electricity providers through our energy comparison service. Simply enter a few details about yourself, including your postcode and your energy usage, to find specific information relevant to your location and energy needs. It takes only minutes, making it easy to find competitive plans from electricity providers in Victoria.

Average electricity bill in Victoria (Melbourne)

The average weekly electricity expenditure is $28.85 for residents in Victoria’s capital city of Melbourne, according to the Australian Bureau of Statistics’ (ABS) Consumer Price Index. Those who also use gas and other household fuels pay an average bill of $22.27 each week.*

According to the ABS report, the average weekly electricity cost in Melbourne is lower than other capital cities in Australia, with Darwin sitting on the top of the list with $45.50 the average quarterly electricity bill.*

*This average is taken from September quarter 2017.

Which electricity provider in Victoria is the cheapest?

Did you know you can pay more for the same energy usage as your neighbour, depending on the type of plan you’re on and the retailer you’re with? To demonstrate this, we’ve compiled a list of different providers in the table below to reveal some of the cheapest electricity plans Melbourne has to offer. These annual costs are for a two-person household with average energy consumption.

ProviderPlanAnnual Cost (inc. discounts)Price per kWh (cents)Discount OfferedDiscount Benefit PeriodContract Term
Tango EnergyVIC Home eSelect$1,210.0014.870%NoneNone
Simply EnergyVIC Simply RACV Plus 45$1,250.0027.0845%NoneNone
Dodo Power & GasCitipower Res No Term Market Offer (E3CPR-MAT1)$1,350.0026.99 to 27.0940%NoneNone
PowerdirectPowerdirect 41% Victoria residential electricity market offer$1,350.0026.541%NoneNone
GloBird EnergyGloSave Flexible C13RB-CitiPower$1,370.0023.50 to 37.5035%NoneNone
Lumo EnergyLumo Value 5$1,380.0018.15%NoneNone
SumoSumo 43% Pay on Time Discount Electricity Plan$1,400.0029.51 to 30.7543%NoneNone
EnergyAustraliaSecure Saver Home – Peak Only$1,410.0024.1729%NoneNone
Click EnergyClick Garnet – Peak Only$1,410.0025.527%NoneNone
Momentum EnergySmile Power Flexi – GD$1,420.0017.380%NoneNone
AGLResidential Essentials$1,440.0017.50%NoneNone
PowershopAuto Pay with Mega Pack$1,450.0025.0323.17%NoneNone
Origin EnergyOne Low Rate – Online Only (Single Rate)$1,470.0017.520%NoneNone
Alinta EnergyFair Saver$1,480.002530%1 yearNone
Red EnergyLiving Energy Saver$1,500.0022.6 to 21.510%NoneNone
1st Energy1st Saver, Residential 20 – Anytime$1,520.0024.920%NoneNone
Diamond EnergyDiamond Solar$1,590.0022.89 to 25.7710%NoneNone
Commander Power & GasCitipower Commander Residential Market Offer (CE3CPR-MAT1 + PF1/TF1/GF1)$1,650.0026.49 to 26.5420%NoneNone
CovaUSmart Saver Residential Citipower Single Rate$1,680.0032.5534%NoneNone
QEnergyFlexi Home Single Rate_B$1,730.00230%NoneNone
amaysim Energyamaysim electricity as you go – Peak Only$1,740.0022.950%NoneNone
People Energy20% On Time Saver – Residential Peak Anytime$1,920.0029.63 to 33.3822%NoneNone
Blue NRGBlue Standing Offer GD ( Single Rate )$2,140.0028.810%NoneNone

* The prices and information provided above are based on a house with two adults in the postcode of 3000 and are accurate as of Jan 2019. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans and prices are subject to change.

No matter how big your household or where you reside, we can help you find some of the cheapest electricity rates in Victoria. Simply jump onto our energy comparison service and start searching for the best electricity deals for your postcode in Victoria; as well as discounts, fees, charges and more. Best of all, it only takes minutes to compare.

Melbourne electricity overview

View of Melbourne electricity use at duskThose living in Melbourne, like the rest of Victoria, are charged for electricity usage in cents per kilowatt-hour (kWh) for each kWh of electricity they use at their premises. The more electricity you use, the greater the usage charge on your bill. Additionally, customers must also pay an electricity supply charge, which is a daily fee.

Are you ready to find some of the cheapest electricity in Melbourne? Take a look through our table under the title ‘Which electricity provider in Victoria is the cheapest?’ above, which features a range of Melbourne electricity providers and rates. Alternatively, compare energy plans to search for competitive electricity rates in Melbourne that could suit your usage requirements and household budget.

Geelong electricity overview

View of Geelong at dawnCustomers in Geelong attract a daily fixed supply charge to be connected to the electricity grid. They must also pay for their electricity usage in c/kWh, the rate of which is set by their chosen energy retailer. This means the higher their energy usage, the more expensive their energy bill will be – but you may find a better deal with a different electricity provider.

It’s possible to save money on your energy bill by comparing plans. As you’re on the lookout to find the cheapest electricity in Geelong, don’t forget that you must not only compare discounts, but also usage rates, fees and charges to find a plan that suits your needs and budget. Browse through our Geelong electricity pricing table below.

ProviderPlanAnnual Cost (inc. discounts)Price per kWh (cents)Discount OfferedDiscount Benefit PeriodContract Term
Simply EnergyVIC Simply RACV Plus 45$1,340.0028.8845%NoneNone
Tango EnergyVIC Home eSelect$1,350.0016.940%NoneNone
PowerdirectPowerdirect 41% Victoria residential electricity market offer$1,460.0028.441%NoneNone
Momentum EnergySmile Power Flexi – GD$1,510.0017.690%NoneNone
SumoSumo 43% Pay on time Discount Electricity Plan$1,540.0031.69 to 33.0843%NoneNone
Lumo EnergyLumo Value 5$1,540.0020.75%NoneNone
Click EnergyClick Garnet – Peak Only$1,550.0027.827%NoneNone
Dodo Power & GasPowercor Res No Term Market Offer (E3PCR-MAT1)$1,560.0032.0940%NoneNone
AGLResidential Essentials$1,560.0018.70%NoneNone
EnergyAustraliaSecure Saver Home – Peak Only$1,580.0027.7429%None2 years
PowershopAuto Pay with Mega Pack$1,590.0027.423%NoneNone
1st Energy1st Saver, Residential 20 – Anytime$1,600.0026.820%NoneNone
Red EnergyLiving Energy Saver$1,660.0024.810%NoneNone
Alinta EnergyFair Saver$1,660.0028.330%1 yearNone
Origin EnergyOne Low Rate – Online Only (Single Rate)$1,670.0020.150%NoneNone
GloBird EnergyGloSave Flat Rate (without controlled load)-PowerCor$1,740.0036.50 to 4135%NoneNone
Diamond EnergyDiamond Solar$1,770.0025.56 to 26.8610%NoneNone
CovaUSmart Saver Residential Powercor Single Rate$1,790.0034.1334%None1 year
amaysimamaysim electricity as you go – Peak Only$1,910.0025.020%NoneNone
Commander Power & GasPowercor Commander Residential Offer (Single Rate) (CE3PCR‐MAT1 + PF1/TF1/GF1)$1,920.0031.4420%NoneNone
QEnergyFlexi Home Single Rate$1,950.00260%None2 years
People Energy20% On Time Saver – Residential Peak Anytime$2,250.0036.37 to 40.622%NoneNone
Blue NRGBlue Standing Offer GD ( Single Rate )$2,250.0030.440%NoneNone

* The prices and information provided above are based on a house with two adults in the postcode of 3320 and are accurate as of Jan 2019. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans and prices are subject to change.

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