Compare energy 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.
• Choose different gas and electricity retailers. Rather than bundling your energy together, you have the option of comparing the best deals for both gas and electricity, giving you more ways to save.
• Discover any available electricity discounts. Many Australian customers haven’t compared their energy plan in years, which means the original discounts they received could have 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. So whether you’re looking for the best solar feed-in tariff in VIC for your home, or simply after a better deal, try our energy comparison service today to get started.

Victoria’s energy market is deregulated, meaning energy providers (also called retailers) can enter the market and compete for your business. With more companies offering energy plans, there’s usually a higher level of commercial rivalry, which typically results in more competitive energy pricing as providers try to attract more customers.

You could save 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 household utilities budget.

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

The VDO is considered a fair price for electricity for customers to pay as a standing offer, while market offers may be priced higher or lower than the VDO. These prices change 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 energy in Victoria, providers also offer discounted plans that are much cheaper than the VDO. If you’re in Victoria and are on the VDO, you could be missing out on potential savings.

The VDO prices for residential customers on a flat rate tariff in the 2024-2025 period are:¹

The VDO prices for residential customers on a time of use tariff in the 2024-2025 period are:¹

Victorian households and small businesses may benefit from searching for solar feed-in tariffs if they have a solar energy system. The Victorian government creates minimum feed-in tariff rates that are updated each year to make sure you’re getting a fair price for any electricity you export to the grid. However, this doesn’t mean it’s the best solar feed-in tariff in Victoria so it’s worth comparing to see your other options.

Providers have offered 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 (e.g. if you have solar battery and can export electricity during peak demand times or when the sun isn’t shining).

For flat rate solar feed-in tariffs, the minimum rate is 3.3 cents/kWh for the 2024-2025 period.²

There are also two time-varying options. The minimum rates are as follows:

Option 1

Option 2

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 who you should contact. Keep in mind, you cannot switch distributors.

Electricity providers (also known as retailers) bill you for your energy consumption while distributors supply it. While you can’t switch distributors, you can switch providers easily.

Below is a list of the current electricity retailers in Victoria.

Note: 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.

• 1st Energy
• AGL
• Alinta Energy
• Amber Electric
• Arcline by RACV – Energy
• BlueNRG
• CovaU
• Diamond Energy
• Dodo
• EnergyAustralia
• Energy Locals
• ENGIE
• Flow Power
• GloBird Energy
• IndigoPower
• Kogan Energy
• Lumo Energy
• Momentum Energy
• Nectr
• Next Business Energy
• Origin Energy
• OVO Energy
• Pacific Blue
• Powershop
• Red Energy
• Sumo
• Tango Energy

The information provided above is based in the postcodes of 3000 and 3220 and is accurate as of 3 December 2024. Data sourced from the Department of Environment, Land, Water and Planning, Victoria.

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 provider in Melbourne will offer varying plans, rates, discounts and conditions (e.g. exit fees).

For one household, the “best” energy provider in Victoria may be the cheapest provider that offers a flat rate tariff. Whereas for another household, the “best” provider may be one with the most flexible plan. Consider your situation when 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!

There are only three natural gas distributors in Victoria and each distributor supplies gas to a separate section of the state. The companies are:

• Ausnet Services
• Australian Gas Networks
• Multinet.

Some energy providers in Victoria offer both electricity and gas as a dual plan. Others provide these utilities as separate plans.

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.

Note: 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.

The electricity gas providers in Victoria 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.

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

The information provided above is accurate as of 3 December 2024. Data sourced from the Department of Environment, Land, Water and Planning, Victoria.

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

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

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 3 December 2024. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans, prices and eligibility criteria are subject to change.

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 one-size-fits-all and your own energy bills could differ, this snapshot can help you understand what to expect.

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

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 3320 and are accurate as of 3 December 2024. Data sourced from the Department of Environment, Land, Water and Planning, Victoria. Plans, prices and eligibility criteria are subject to change.

Victorian energy providers will typically charge you using two type of charges that you will see on your electricity bill. These are:

• Supply charges. This is a daily fee that covers the cost of your distributor supplying electricity or gas to your house or small business.
• Usage charges. These represent the actual amount of energy you use during a billing period and is typically measured by kilowatt-hours (kWh) for electricity or megajoules (MJ) for gas.

These charges will vary depending on your distributor, your energy provider and the type of tariff that you’re on.

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.

Electricity customers may have access to the following tariffs:

• Single rate tariffs. A single rate tariff (also known as ‘peak’, ‘flat rate’, ‘general usage’ and ‘anytime’ on your electricity bill) is the most common tariff in Victoria. This tariff charges you the same rate no matter when you use your power.
• Time of use tariffs. With these tariffs you will have different electricity rates depending on when you consume electricity. In Victoria, these are only divided into ‘peak’ and ‘off-peak’ rates.
• Demand tariffs. These tariffs charge you based on how much electricity you use at a point in time, instead of your electricity usage over time – this is an additional charge applied in addition to supply and usage charges. So, if you were to run both your dishwasher and washing machine simultaneously during a demand period, your electricity demand will be increased and you will, therefore, attract a higher demand charge.
• 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.
• 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, but some may offer more.

There are several types of gas tariffs that may affect your gas bill, these include:

• Block rate tariffs. A block rate tariff charges you for gas usage in various block rates based on your usage. Typically, you’ll pay one rate for the first ‘block’, then a second rate if your gas usage exceeds a certain amount.
• Seasonal 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.
• Flat rate tariffs. With this tariff, you’ll pay the same rate no matter how much you use or what season you’re in.

While what is considered the best gas plan in Victoria for you will depend on your individual circumstances, consider comparing across different providers and plans to find a price that works for you.

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 their 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
• Electricity transfer fee waiver concession
• Energy bill relief fund
• Excess electricity concession
• Excess gas concession
• Life support concession
• Medical cooling concession
• Non-mains energy concession
• Utility relief grant scheme
• Winter gas concession.

When looking for the best solar deals in Victoria, you should check what concessions, rebates and loans may be available through government initiatives.

Occasionally, you may be able to access solar panel rebates to help with the cost of installing a solar system, and while there aren’t currently any government solar battery rebates in Victoria (accurate as of December 2024), you may still be able to take out an interest-free solar battery loan.³

Some retailers may also offer incentives and rebates, or cover the up-front cost of installation, for solar power systems, though they may require you to enter into a contract with that provider for a set period.

If you’re on the VDO, the average bill is estimated to be $1,655 for residential customers and $3,530 for small business customers, based on the average usage consumption per annum¹ However, there may be cheaper energy offers that you can search for by comparing your options.

Your average bill may also vary significantly from the state’s average depending on a number of factors, such as:

• The number of people in your household
• Your energy usage habits
• What tariff you’re on
• Who your energy and gas providers are
• Who your distributor is
• What energy plan you’re on
• What incentives, discounts or concessions you’re eligible for
• If you have a solar power system.