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We don’t have access to all of the products available in your area: we do not compare all brands in the market, or all products offered by all brands. At times certain brands or products may not be available or offered to you. Learn more.

Why compare electricity and gas plans in Victoria?

  • Victoria is home to a range of energy plans. If your current residential plan doesn’t offer a discount or a cheap price per hour, now’s the time to compare. Victoria is one of the most competitive energy markets in Australia, and there are many options available.
  • Compare tariffs to find a plan that suits. If you have a smart meter, you could potentially save money with a time of use (TOU) tariff, especially if you work from home. A TOU tariff charges electricity at different rates for different times, which can be beneficial to those working at home during the low-peak period.
  • Discover any available electricity discounts or deals. For Australian customers who haven’t compared their energy plan in years, discounts with your current provider that run for a limited period could have already expired. Comparing plans can help you find a new discount on your energy usage or receive introductory plan credits when you switch.

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

We will help you compare plans from Victorian energy providers

A great place to compare

Save time while you search for a better energy deal by easily comparing Victorian electricity and gas plans from different brands, all in one place.

From beginning to end

We’ll walk you through the process from beginning to end. Or you can review and purchase energy plans through our service online.

At no cost to you

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

Learn more about electricity in Victoria

Connecting power when moving

You need to disconnect utilities at your old home before moving into a new one. Learn how you can minimise paying bills at both homes.

Deregulation in Victoria

The Victorian energy industry has been deregulated since 2002. That’s why energy providers (also known as 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 in our handy guide.

How to track energy usage

A smart meter tracks your energy usage every 30 minutes to 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. Learn more about your renewable energy options.

The Victorian Default Offer

The Victorian Default Offer (VDO) sets a cap on the total amount you can be charged for electricity usage for typical usage in your area.

More information on energy in Victoria

How does the energy market work in Victoria?

Victoria’s energy market is deregulated, meaning energy retailers are allowed to set their own prices, creating a more competitive electricity and gas industry.

With more players offering energy plans, there’s usually a higher level of commercial rivalry, which typically results in more competitive energy pricing as providers attempt to attract more customers.

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

What is the Victorian Default Offer (VDO)?

While providers can set their own prices for electricity, the Victorian Government has established the Victorian Default Offer (VDO). The VDO helps ensure Victorian households aren’t paying too much for their electricity usage if they haven’t looked for a better deal on their plan in a while.

The VDO acts as a cap on the amount you can be charged for electricity, with electricity prices changing from 1 July every year, and is based on your area’s typical usage and supply charges.

While this helps keep costs low for those who don’t compare electricity prices in Victoria, providers also offer discounted plans that are cheaper than the VDO. If you’re in Victoria and are on the VDO, you could be missing out on potential savings elsewhere.

The VDO prices for residential customers for the 2023-24 period are:

Distribution zoneSupply charge ($ per day)Usage charge structureUsage charge  ($ per kWh)Usage charge for flat rate controlled load tariff ($ per kWh)
AusNet Services$1.3251Block 1 (up to 1,020kWh per quarter)
Block 2 (balance of usage per quarter)
Block 1 – $0.3851
Block 2 – $0.3955
$0.2869
Citipower$1.1525Anytime$0.2871$0.2271
Jemena$1.1438Anytime$0.3252$0.2639
Powercor$1.3002Anytime$0.3292$0.2559
United Energy$1.0814Anytime$0.3174$0.2466
Source: Victorian Default Offer. Essential Services Commission, Victorian State Government. Accessed June 2023.

VDO prices will be effective from 1 July 2023 to 30 June 2024 and are inclusive of GST.

How is energy charged in Victoria?

Victorian energy retailers will charge you for energy in a similar way to most other states.

For both electricity and gas, Victorians have to pay two main costs:

  • A supply charge (daily fee), which pays for the distributor’s transmission charges, and the price for generating power.
  • A usage charge, which is applied for each kilowatt per hour (kWh) of electricity or megajoules (MJ) of gas their household or business uses. Gas is typically charged in blocks of MJ, with different rates for each block.

N.B. Distributors supply power to the grid and maintain energy infrastructure (e.g. power lines and gas mains).

You may also receive discounts and/or credits on your energy bills. Discounts could comprise of unconditional or conditional discounts, including payment method discounts (e.g. discount if you pay via direct debit), pay-on-time discounts and bundling discounts. These are generally applied to the whole bill after all charges are calculated. On top of discounts from the provider, you may be eligible for concessions from the Victorian Government, which can further help you save on your electricity and gas bills.

Who your distributor is and where you live in Victoria will also impact the amount you’re charged for your electricity and gas.

Check out our guide on how to read energy bills to learn more.

Types of tariffs explained

Several tariff options can influence the cost of energy in Victoria. You might be able to choose between them depending on the wiring in your house, the eligibility in your area and whether you have a smart meter. We’ve broken these down below:

  • Single rate tariffs. A single rate tariff (also known as ‘peak’, ‘flat rate’, ‘general usage’ and ‘anytime’) is the most common tariff in Victoria. This tariff charges you the same rate no matter when you use your power.
  • Block rate tariffs. A block rate tariff charges you for your electricity or gas usage in various different block rates. You’re charged a certain rate for the first portion of energy you use in a day. But once you exceed this initial portion, you’ll be charged at the second block rate, which could be slightly higher or lower than your first block rate, depending on your retailer.
  • Time-of-use tariffs. The TOU 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 (e.g. 7am-11pm weekdays) and off-peak (all other times).
  • Flexible pricing tariffs. A variation to the TOU tariff, this tariff applies a different usage rate at different times of the day (also known as peak, off-peak and shoulder). You’ll need a smart meter that can be read remotely to take advantage of this tariff.
  • Peak season gas tariffs. For gas, the price can change depending on the season. This is because gas is often used for heating and peak demand typically occurs in the winter months. Peak season tariffs mean you’ll pay more for gas in winter and less in summer.
  • Controlled load tariffs. 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 the rest of your home. Controlled load tariffs are typically used for electric hot water systems or underfloor heating that often run during off-peak periods or overnight.
  • Demand tariffs. 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. Running multiple large appliances simultaneously will increase your electricity demand and therefore attract a higher usage charge. Demand tariffs are designed to optimise Victoria’s energy network so more residents avoid using high-power appliances at the same time.
  • Solar feed-in tariffs. Victorians who own solar panels can also receive a feed-in tariff (FiT). This appears as a credit on your bill for the energy your panels produce and send back into the grid. Providers must offer Victorians at least the minimum tariff; some may offer more. There is a flat rate minimum FiT, which in the 2023-24 period was 4.9 cents per kWh.1

Several of these electricity tariffs rely on knowing peak, off-peak and shoulder times to manage your electricity usage effectively. Electricity providers in Victoria can set the times that different tariffs apply, so the times listed below are only a guide:

  • Peak periods are weekday afternoons and evenings (4pm-9pm)
  • Off-peak covers times when most people are out of the house or asleep (10am-2pm)
  • Shoulder periods are all other times (9pm-10am, 2pm-4pm)

Solar feed-in tariff rates and times in Victoria

Providers offer Victorians the choice between a single rate or time-varying tariff. This means you can receive the same amount back for your energy usage no matter when it’s exported into the grid or get a feed-in tariff that varies depending on the time of day.

There are two options for the minimum rate for the solar feed-in tariff in Victoria for the 2023-24 period:

Option 1

PeriodWeekdayWeekendCents per kWh
Flat-rateAll times4.9
Early Evening3pm to 9pmN/A9.3
Day 7am to 3pm, 9pm to 10pm7am to 10pm4.4
Overnight 10pm to 7am10pm to 7am11.3
Source: Essential Services Commission (2023). Minimum feed-in tariff review 2023-24. Accessed June 2023.

Option 2

PeriodEvery dayCents per kWh
Flat-rateAll times4.9
Peak4pm to 9pm10.6
Shoulder9pm to 10am, 2pm to 4pm5.5
Off-peak10am to 2pm3.9
Source: Essential Services Commission (2023). Minimum feed-in tariff review 2023-24. Accessed June 2023.

Overview of Victorian energy distributors

Distributors are responsible for maintaining powerlines, poles, pipes and meters. They connect your property to electricity powerlines and gas pipelines. If you experience a power outage or your meter stops working, your distributor is the organisation you should contact. Keep in mind, you cannot switch distributors.

Electricity distributors
CompanyService area
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 EnergyMornington Peninsula and southern suburbs
Gas distributors
CompanyService area
AusNet ServicesWestern Melbourne City and western suburbs, central and western Victoria
Australian Gas NetworksMerrifield, Mildura, Heathcote/Wandong Junction and Koo Wee Rup
MultinetSouthern and Eastern Melbourne City, southern and eastern inner suburbs, south Gippsland and Yarra ranges

Electricity providers in Victoria

Electricity providers bill you for your energy consumption while distributors supply it. While you can’t switch distributors, you can switch providers easily.

You can see which electricity suppliers in Victoria retail energy by reviewing the list below. Not all providers in this list offer both electricity and gas.

N.B. We don’t compare energy products from all retailers on this list as we don’t compare all brands in the market or all products offered by all brands. Information about the partners we currently compare is available here.

Electricity providers in Victoria:

  • 1st Energy
  • AGL
  • Alinta Energy
  • Amber Electric
  • Arcline by RACV
  • Blue NRG
  • CovaU Energy
  • Diamond Energy
  • Dodo Power and Gas
  • Energy Locals
  • EnergyAustralia
  • GloBird Energy
  • Kogan Energy
  • Lumo Energy
  • Momentum Energy
  • Origin Energy
  • OVO Energy
  • Powershop
  • ReAmped Energy
  • Red Energy
  • Simply Energy
  • Sumo
  • Tango Energy
  • The People’s Grid

The information provided above is based in the postcodes of 3000 and 3220 and is accurate as of 1 February 2023. Data sourced from the Department of Environment, Land, Water and Planning, Victoria.

You can easily compare Victorian energy providers through our free comparison service. Simply enter a few details about yourself, including your postcode and energy usage, to find specific information and quotes relevant to your location and energy needs. It takes only minutes, making it easy to find competitive plans from electricity providers in Victoria.

melbourne by night representing electricity providers victoria

Gas providers in Victoria

Some energy retailers in Victoria offer both electricity and gas as a dual plan. Others provide these utilities as separate plans. The Victorian  gas providers below offer both as bundles and separate plans; however, you may not have access to both from the same provider, depending on where you live.

For example, one provider may offer electricity in all suburbs in Victoria. But they may not offer gas to suburbs in East Melbourne. To find out which providers offer energy in your area, use our energy comparison service.

N.B. We don’t compare energy products from all retailers on this list as we don’t compare all brands in the market or all products offered by all brands. Information about the partners we currently compare is available here.

Gas providers in Victoria:

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

The information provided above is accurate as of 27 February 2023. Data sourced from the Australian Energy Regulator (AER) and the Department of Environment, Land, Water and Planning, Victoria.

No matter how big your household or where you reside, we can help you find some of the cheapest gas rates in Victoria. Compare gas providers in Victoria through our gas comparison service. Look for savings in your gas bill for your postcode in Victoria; as well as discounts, fees, charges and more.

Cheapest electricity in Victoria

Cheapest electricity Melbourne

While everyone’s electricity needs and bills are going to be different, we’ve provided a snapshot of some plans available from electricity suppliers in Melbourne which can help give you an idea of how much electricity and gas plans could cost you.

You can compare available energy plans in minutes for free through our comparison service too.

N.B. We don’t compare energy products from all retailers on this list as we don’t compare all brands in the market, or all products offered by all brands. Information about the partners we currently compare is available here.

Provider/RetailerPlan NameAnnual Cost (inc. discounts)Annual Cost (excl. discounts)Discount Benefit PeriodContract TermTariff
1st Energy1st Super Saver, Residential – Anytime$1,130$1,130NoneNoneSingle rate
Simply EnergyVIC Simply for Good – by Engie elec$1,170$1,170NoneOngoingSingle rate
Energy LocalsOnline Member + Sign up Bonus$1,180$1,180NoneNoneSingle rate
OVO EnergyThe One Plan Welcome Credit$1,180$1,300NoneNoneSingle rate
Tango Energy eSelect$1,180$1,180NoneOngoingSingle rate
CovaU EnergySuper Saver Online Residential Single Rate(C1R)$1,200$1,200NoneNoneSingle rate
Lumo EnergyLumo Basic$1,200$1,200NoneOngoingSingle rate
Alinta EnergyHomeDeal – Single Rate$1,220$1,220NoneNoneSingle rate
EnergyAustraliaFlexi Plan – Peak Only$1,240$1,2401 year1 yearSingle rate
Momentum EnergyNothing Fancy Electricity_C1R$1,240$1,240NoneNoneSingle rate
AGLResidential Value Saver$1,250$1,250NoneOngoingSingle rate
Diamond EnergyEveryday Renewable Saver$1,250$1,300OngoingOngoingSingle rate
Dodo Power and GasResidential Market – Single Rate$1,250$1,250NoneNoneSingle rate
Red EnergyLiving Energy Saver$1,250$1,250NoneOngoingSingle rate
GloBird EnergyGloBird Combo GREENLIGHT Residential (Flat Rate
Without Controlled Load)-Citipower
$1,260$1,390NoneNoneSingle rate
Kogan EnergyKogan Energy with free Kogan First$1,270$1,27012 monthsOngoingSingle rate
Arcline by RACV – EnergyEnergy Plan$1,280$1,280NoneNoneSingle rate
Origin EnergyOrigin Home Assist Variable (Single Rate)$1,280$1,280None1 yearSingle rate
PowershopPowershop 100% Carbon Nuetral$1,290$1,290NoneOngoingSingle rate
Amber ElectricAmber Plan 15$1,300$1,300NoneNoneSingle rate
Blue NRGBlue VDO Single Rate (General Usage)$1,300$1,300NoneNoneSingle rate
ReAmped EnergyReAmped Standard | Anytime$1,300$1,300NoneNoneSingle rate
SumoSumo Standing Offer (Single Rate)$1,300$1,300NoneNoneSingle rate
The People’s Grid Zero Member Fee Anytime$1,300$1,300NoneNoneSingle rate

The prices and information provided above are based on a house with two adults, no concessions, no solar panels, five rooms, one refrigerator, no gas, no pool, no heating or cooling, no clothes dryer, electric hot water system not on a controlled load in the postcode of 3000 and are accurate as of 1 February 2023. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans, prices and eligibility criteria are subject to change and may have conditions or eligibility requirements.

Dusk usage of electricity in Melbourne showing the CBD skyline

Cheapest electricity Geelong

If you’re wondering where you can get the cheapest electricity in Geelong, you’re in the right place. While the information below isn’t a one-size-fits-all matter and your own energy bills could differ, this snapshot can help you understand what to expect.

Compare gas and electricity plans in Victoria from available providers on our comparison service for free for a more detailed comparison.

N.B. We don’t compare energy products from all retailers on this list as we don’t compare all brands in the market, or all products offered by all brands. Information about the partners we currently compare is available here.

Provider/RetailerPlan NameAnnual Cost (inc. discounts)Annual Cost (excl. discounts)Discount Benefit PeriodContract TermTariff
1st Energy1st Super Saver, Residential – Anytime$1,150$1,150NoneNoneSingle rate
Energy LocalsOnline Member + Sign up Bonus$1,180$1,180NoneNoneSingle rate
Simply EnergyVIC Simply For Good – by ENGIE elec$1,200$1,200NoneOngoingSingle rate
OVO EnergyThe One Plan Welcome Credit$1,210$1,330NoneOngoingSingle rate
Tango Energy eSelect$1,220$1,220NoneOngoingSingle rate
CovaU EnergySuper Saver Online Residential Single Rate$1,230$1,230NoneNoneSingle rate
Lumo EnergyLumo Basic$1,230$1,230NoneOngoingSingle rate
Alinta EnergyHomeDeal – Single Rate$1,250$1,250NoneNoneSingle rate
Dodo Power and GasResidential Market – Single Rate$1,250$1,250NoneNoneSingle rate
Diamond EnergyEveryday Renewable Saver$1,270$1,320OngoingOngoingSingle rate
EnergyAustralia Flexi Plan – Peak Only$1,270$1,2701 year1 yearSingle rate
Momentum EnergyNothing Fancy Electricity_LVS1R$1,270$1,270NoneNoneSingle rate
AGLResidential Value Saver$1,280$1,280NoneOngoingSingle rate
Arcline by RACV – EnergyEnergy Plan$1,280$1,280NoneNoneSingle rate
GloBird EnergyGloBird Combo GLOSAVE Residential (Flat Rate Without Controlled Load)-United Energy$1,280$1,410NoneNoneSingle rate
Kogan EnergyKogan Energy with free Kogan First$1,280$1,28012 monthsOngoingSingle rate
Red Energy Living Energy Saver$1,280$1,280NoneOngoingSingle rate
Origin EnergyOrigin Home Assist Variable (Single Rate)$1,310$1,310None1 yearSingle rate
PowershopPowershop 100% Carbon Neutral$1,320$1,320NoneOngoingSingle rate
Amber ElectricAmber Plan 15$1,330$1,330NoneNoneSingle rate
Blue NRGBlue VDO Single Rate (General Usage)$1,330$1,330NoneNoneSingle rate
ReAmped EnergyReAmped Standard | Anytime$1,330$1,330NoneNoneSingle rate
SumoSumo Standing Offer (Single Rate)$1,330$1,330NoneNoneSingle rate
The People’s Grid Zero Member Fee Anytime$1,330$1,330NoneNoneSingle rate

The prices and information provided above are based on a house with two adults, no concessions, no solar panels, five rooms, one refrigerator, no gas, no pool, no heating or cooling, no clothes dryer, electric hot water system not on a controlled load in the postcode of 3220 and are accurate as of 1 February 2023. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans and prices are subject to change and may have conditions or eligibility requirements.

Dusk view of the city of Geelong lit up with electricity

Frequently asked questions

Which energy concessions are available in Victoria?

There are various energy concessions and rebates available to eligible Victorians, including both concessions for seniors and general concessions.

Eligible Victorians can receive a concession from the Victorian Government to help pay with household utility bills. Eligibility criteria include:

  • Being on a fixed or low income
  • Holding a Centrelink Pension Concession Card
  • Holding a Health Care Card
  • Holding a Veteran Affairs’ Gold Card or Veteran Affairs’ Pensioner Concession Card.

Concessions you may be eligible for include:

  • Annual electricity concession
  • Controlled load electricity concession
  • Service to property change concession
  • Excess electricity concession
  • Winter gas concession
  • Excess gas concession
  • Life support concession
  • Medical cooling concession
  • Essential medical equipment payment (EMEP)
  • Non-mains energy concession
  • Utility relief grant scheme
  • Electricity transfer fee waiver concession.

These concessions are managed by the Victorian Government’s Department of Human Services. You can learn more about concessions for electricity and gas across Australia, and where to find ones in your state, with our simple guide.

What is the average energy bill in VIC?

Your average bill may vary significantly compared to the state’s average depending on the number of people in your household, your energy habits, tariff, distributor, provider, energy plan and if you have solar. See below for the median prices for electricity and gas.

DistributorAnnual median market offer price Annual median standing offer price
AusNet Services$1,850$1,877
Citipower $1,355$1,368
Jemena $1,412$1,436
Powercor $1,608$1,640
United Energy$1,452$1,467
Source: Australian Energy Regulator. Annual retail markets report 2021-22. Published November 2022. Accessed April 2023.

When it comes to gas, many factors such as your energy habits, provider and plan can all affect your bill. Winter is the usually highest season for energy consumption for gas, so your gas bills may also vary depending on the time of year, as well as whether you’re using natural gas or liquified petroleum gas (LPG). The median prices for residential gas bills in Victoria are below.

DistributorAnnual median market offer priceAnnual median standing offer price
Multinet Gas $1,566$1,742
AusNet Services$1,504$1,646
AGN $1,540$1,713
Source: Australian Energy Regulator. Annual retail markets report 2021-22. Published November 2022. Accessed April 2023.

Who is the best energy provider in Melbourne?

The best energy provider in Melbourne for you will vary depending on your specific household needs, financial situation, distributor and tariff. Each individual electricity and gas supplier in Melbourne will offer varying plans, rates, discounts and conditions (e.g. exit fees).

The ‘best’ energy provider in VIC for you may be the cheapest provider, whereas for someone else the ‘best’ provider may be the most flexible plan. Consider your situation before looking for the most suitable provider for you.

You can get a free quote from our energy comparison service, where you can compare the daily supply charge, usage charges, estimated costs, exit fees (if any) and more!

Sources

1 Essential Services Commission (2023). Minimum feed-in tariff review 2023-24. Accessed June 2023.

Meredith O'Brien

Meet our Head of Energy, Meredith O’Brien

As the Head of Energy at Compare the Market, Meredith understands that Victoria’s energy market is quite unique compared to the rest of Australia. She strives to make gas and electricity as easy as possible for Victorians to understand and get the most out of their energy plans.

Meredith has six years within the energy industry, following 15 years of experience in financial services and is currently studying a Master of Business Administration. Meredith is a dedicated customer advocate who is passionate about empowering Australians to find the right products to suit their needs by removing the confusion from comparing.

Meredith’s top Victorian energy tips:

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