The Best Electricity Deals Victoria has on offer (and how you can get them!)

* We do not compare all energy providers & have commercial arrangements with our partners.

Retailer Comparison | BY Vimal


Have you just received your latest electricity bill and can’t believe how expensive it is? Or are you moving home and in search of a new electricity provider? 

Electricity pricing structures can be confusing, with the Victorian energy market offering more than 20 electricity providers and over 60 energy deals. It’s a time-consuming process to do the research, calculations and understanding the discounts of each offer. So it can be difficult to know if you are getting a fair deal. 

This is where we come in! Electricity Monster is here to take away all the hassle! We’re here to compare electricity rates and provide free advice on the best electricity deals we can find in the market to suit your needs. 

Below we have compiled a list of our top 10 best electricity deals available in the CitiPower network. We have ranked the plans based on the lowest estimated price, including conditional discounts if applicable.

10 Best Electricity Deals Victoria*

Retailer Name - PlanRef %Estimated Price*
QEnergy - Mini Me Home23% less than VDO$1,089
Powerclub - Powerbank Home Flat22% less than VDO$1,102
OVO Energy - The One Plan18% less than VDO$1,170
Elysian Energy - Resi Market Simple Plan 17% less than VDO $1,180
Momentum Energy - Self Serve 16% less than VDO $1,190
Simply Energy - Simply NRMA Blue 16% less than VDO $1,193
Lumo Energy - Basic Plan 15% less than VDO$1,199
Tango Energy - Home Select Plan 16% less than VDO$1,199
Dodo - Residential Offer 14% less than VDO$1,216
Origin Energy - Go 14% less than VDO $1,221
Alinta Energy - HomeDeal Energy 14% less than VDO $1,221

*All calculations above are based on a single rate tariff, with a default electricity household annual usage of 4000kWh and are compared to the Victorian Default Offer (VDO) Reference Price of $1,420.

The Big 3 Electricity Providers*

How do the Big 3 retailers compare against our 10 best electricity deals in the Victorian energy market?  We have done a comparison and ranked them against our list of best energy plans in Vic. 

Retailer name - PlanRef %Estimated Price*
Origin Energy - Go14% less than VDO$1,221
AGL - Essentials12% less than VDO$1,246
Energy Australia - Total Plan10% less than VDO$1,278

*All calculations above are based on a single rate tariff, with a default electricity household annual usage of 4000kWh and are compared to the Victorian Default Offer (VDO) Reference Price of $1,420.

Find a better power company in Melbourne

Origin Energy – Go

Origin Energy prides themself on getting energy right by making it affordable, sustainable, smarter and easier. 

Out of the Big 3 energy retailers, it’s Origin Energy who offer the cheaper electricity deal.

Origin Energy has 3 different residential home plans on offer. But, it’s their newest offer, Origin Go, that slides into our list of the best deals available in Victoria. 

The Origin Go plan offers a 12 month fixed rate with flexible payment options, no lock-in contracts or exit fees and has easy access to the Origin App to track your energy usage.

AGL – Essentials

AGL has been in the energy market for an extensive number of years. They boast Australia’s largest electricity generation portfolio and provide energy to residential, commercial, and wholesale customers.

AGL has 2 residential electricity deals on offer, but it’s their Essentials plan which is the best value for price.

The offer includes a one-off credit on your first bill, fixed-term rates for 12 months, no exit fees and flexible billing options.

Energy Australia – Total Plan

Next up is one of our partnered providers. Energy Australia makes up one of the Big 3 energy providers in Australia, supplying electricity to more than 1.7 million Australian customers. 

Energy Australia strives to ensure that customer experience should be to the best standard. They continuously look for ways to improve interactions with customers to build a good relationship.

They show a commitment to cleaner energy in Australia and their Go Neutral program offers just that. This allows customers to offset the carbon emissions of their energy usage at no extra cost.

Energy Australia has 3 residential energy deals to choose from, but their best offer is their Total Plan which is less than the Victorian Default Offer.

The offer includes a fixed-rate period, a carbon-neutral option at no extra cost and a guaranteed discount off your total energy bill. 

Choosing this energy deal helps to make a difference to the environment.

Are you with one of the Big 3 and looking for a sharper deal?

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* We do not compare all energy providers & plans in the market due to commercial arrangements.

Give us a call on 1300 232 848 and have a friendly chat with one of our energy experts for fast, free and fair advice.

About the Cheap Electricity Deals Victoria 

Now let’s take a look at the energy providers that have made it onto our 10 cheapest deals available in Vic.

QEnergy – Mini Me Home

QEnergy gives customers the best rates they have to offer in their electricity plans. They pride themselves on excellent customer service by providing ongoing advice and fulfilling customer promises. 

Their Mini-Me Home Plan takes the holy grail by being the cheapest electricity offer and ranking first on our list of best deals available in Vic.

However, a customer must have a credit history deemed satisfactory by QEnergy to be eligible for this deal.

A no fixed-term commitment and zero exit fees make this the most competitive offer we can find in the market. 

Powerclub – Powerbank Home Flat

Coming in next on the list, JUST behind QEnergy, is Powerclub with their Powerbank Home Flat Plan.

This electricity retailer boasts a highly competitive market offer that sits relatively lower than the Victorian Default Offer. 

Here’s the catch though! Participants are required to pay an annual $39 membership fee. To add to that, customers must make a minimum one-off contribution to their Powerbank of $40 per 1,000 kWh of annual consumption. Lastly, monthly payments must be via direct debit.

To reduce bill shock, their Bill Smoothing technology helps to split your bills evenly.

OVO Energy – The One Plan

Let’s take a look at one of our partnered energy providers. OVO Energy is an electricity provider who focuses on excellent customer service, affordable prices and accessible renewable energy. 

Their One Plan stands on the podium in 3rd place on our table above.

The ONLY requirement with this offer is for monthly bills to be paid via direct debit. This offer features a Bill Smoothing technology which averages your monthly bill payments, so you avoid bill shock. 

OVO Energy is committed to investing in Australia’s renewable energy future. They will purchase the equivalent 10% of your electricity usage from renewable energy generators at no extra charge to yourself.

There is also an interest reward whereby anytime a customers’ account is in credit, OVO Energy will pay you a 3% interest on your balance. Plus, OVO Energy will pay to offset all of the carbon footprint from your energy usage.

By choosing this offer with OVO Energy, you will be backing a retailer who cares about Australia’s sustainable future. 

Elysian Energy – Residential Market Simple Plan

Elysian Energy is a Melbourne based retailer who offers relatively low prices and simple plans to allow the ease in monthly budgeting.

Elysian Energy’s Residential Market Simple Plan makes our list of best electricity deals in Victoria. They have 4 options on offer, depending on the size of your household. 

Think of these options as a prepaid phone plan. You purchase the usage you need and top up the account if you have insufficient funds. 

The Minimalist is the option which is ideal for couples, while The Full House applies to a jam-packed home! The only requirement for this deal is for monthly payments to be made via direct debit.

It’s fair to say that Elysian Energy backs up their slogan by offering simple plans for everyday savings. 

Momentum Energy – Self Serve

Coming in next at a competitive price is Momentum Energy with their Self Serve Plan. This is an ONLINE ONLY offer, and the only requirement is for monthly bills to be paid via direct debit. 

Momentum Energy is well known to be the most significant contributor to renewable energy in Australia. 

Choosing to go with Momentum Energy as your provider helps them grow in the market and contributes towards Australia’s renewable energy sector. 

Simply Energy – Simply NRMA Blue

Let’s take a closer look at another one of our partners, Simply Energy. They have been providing Australian households and businesses with simple and affordable energy since 2005. 

Simply Energy has numerous partnerships with leading Australian companies, which means that some plans come with specific perks, rewards and discounts.

With 4 plans to choose from, it’s their Simply NRMA Blue offer that makes our list of best electricity deals available to you in Victoria.

To be eligible for this offer, you must not be an NRMA customer. However, you will be automatically signed up to a complimentary 12 month NRMA Blue Membership. 

This membership gives you heaps of benefits and discounts that’ll help you save on things like fuel, dining, travel, insurance and much more. All these perks included in your electricity bill sounds like an absolute steal to me! Lucky you!

This plan’s excellent benefits and competitive price puts Simply Energy on our list of best electricity deals in Victoria.

Looking for a bargain in Vic?

Lumo Energy – Basic Plan

Here is where the customer service award-winning Lumo Energy comes in. They’re a 100% Australian owned energy provider with 2 electricity plans on offer.

It’s their Basic plan that makes it into our list of the best electricity deals in Victoria. 

The plan’s features include no contract terms, no exit fees and easy access to your account to track your energy usage. 

Lumo Energy helps you save on electricity to spend more on the finer things in life; Energy made easy!

Tango Energy – Home Select Plan

Next up we have Tango Energy with their Home Select Plan. This deal offers you a low and simple price that’s less than the Victorian Default Offer. 

The Home Select offer includes a fixed rate for a minimum of 12 months, with no lock-in contract or exit fees. 

Tango Energy’s exceptional customer service and simple plans offer you low prices to save and support Australia’s rising renewable energy sector. 

Dodo – Residential Offer

Another provider we have partnered with is Dodo. They’re an Australian owned energy retailer who launched in Victoria in June 2010. 

Dodo’s residential offer makes it into our list of best deals available.  This deal includes incentives where Dodo may provide promotional offers through codes that can be redeemed upon sign up. 

Dodo also gives customers the option to bundle their electricity and internet together. This option helps you save time with one point of contact for your internet, mobile & energy. There is also a whopping $10/month discount towards your internet if you bundle your electricity and gas. 

Imagine; An energy plan with no lock-in contract, added incentives, flexible payment options and a great internet discount. Sounds enticing, doesn’t it?

With this deal that Dodo offers, they are providing Australian households with competitive prices and affordable solutions. And let’s not forget the $120 annual internet discount if you choose to bundle both your electricity and gas with Dodo.

Alinta Energy – HomeDeal Energy

Last but not least, we have Alinta Energy who aim to provide Australians with reliable, affordable energy. 

Alinta Energy has 2 deals on offer, but it’s their HomeDeal Energy plan that makes our list of best electricity deals in Victoria. 

Their HomeDeal Energy offer includes flexible payment options, no lock-in contract or exit fees and access to reward shop discounts. 

How do I get some of the cheapest electricity deals in Victoria?

If you’ve made it this far, It’s safe to say that you are very much interested in getting a better deal! You’ve read about all of our best energy deals available in the Vic area! 

What are you going to do about it?

Now you could just go on and pick the cheapest energy deal from our table. BUT it’s really important to consider certain factors before selecting a plan; like your household usage, your meter configuration and specific plan features. 

A fast solution is to GIVE US A CALL on 1300 232 848 today! Use our 100% free comparison service to get yourself a better deal! 

We’ll help you compare the best electricity rates we can find that Victorian energy providers have to offer and choose a fair plan to suit YOUR needs.

You could try living in the dark to save on your energy bill, or you could give our 100% free service a call today and see if you can get a sharper rate! 

Life’s too short for expensive bills! Leave the admin to us!

Compare Electricity & Gas Now

We can help compare your energy rates!

By using our service, you agree to our terms
Discover your new Electricity Rates!

So we can quote you via email, we need to search your meter type.

NSW

18

credit*
By using our service, you agree to our terms

* We do not compare all energy providers & plans in the market due to commercial arrangements.

Disclaimer:

*Important points to note are:

  • Some plans may require you to meet certain conditions before a discount becomes available to you. Check the energy provider’s plan information for details of all possible discounts that may apply and any conditions that need to be met to be eligible for these discounts. Consider the provider’s detailed product and pricing information before making a decision to take out a new plan or switch electricity providers.
  • For Victoria, calculations are based on a single rate tariff in the CitiPower network with an annual household usage of 4,000kWh and ranked plans based on an estimated price including GST and any discounts, both conditional and unconditional. The reference % has been calculated based on comparing the difference between the plan unconditional price to the Victorian Default Offer of $1,420. The terms of any conditional discounts are shown, along with any further difference between the reference price and the discount applied if a condition is met, expressed as a percentage more or less than the reference price.
  • All calculations have been based off the Price Fact Sheets taken from the respective retailers’ websites.
  • The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
  • This data is accurate as of 23/10/2010

Written by Vimal

Vimal is an energy journalist, obsessed with getting Australians a fair price in an inflated electricity market. Equipped with a Bachelors degree in Marketing, his interests revolve around energy markets.