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 Ethan


Looking for the best electricity deals Victoria has on offer? Based on our analysis of electricity power companies in Victoria, we reckon you’ve got a few good options.

Firstly, two of the best deals in Victoria include Simply Energy, whose Simply RACV energy plan comes with a $150 credit. We’ve also got Alinta Energy who offer a $100 credit on your bill. 

Looking to learn more? If so put your details in the form above or call us on 1300 584 872

However, for now, we’re going to get started on some of the best electricity deals Victoria has for you.

10 of the Cheapest Retailers in Victoria

Find a better power company in Melbourne

If you live in Victoria and are looking for a more cost-effective electricity bill, consider our breakdown below. Finding great electricity rates don’t need to be a hassle. In fact, you might be able to get your energy costs down with one call to Electricity Monster. We’ve compiled a list of 10 of the most popular power companies in Victoria and ranked them on their price. 

10 Best Electricity Deals CitiPower

The Victorian energy market is divided into five networks. Depending on what network you’re in, you might have different bills from your neighbour. We’ll start off with the Citipower network. 

For the purposes of our calculations, we’ll be assuming an average usage of 5782 kWh/year.

RankingRetailerPlanAnnual CostDiscount/Credit
1Elysian EnergyThe Minimalist$1461-
2Tango EnergyHome Select$1479-
3Lumo EnergyLumo Value 5$15645% (direct debit)
4Simply EnergySimply RACV Plus$1597$150 (credit)
5PowerdirectResidential Rate Save$1598-
6Energy AustraliaTotal Plan$16267% (guaranteed)
7Alinta EnergyReal Deal$1648$100 (credit)
8Click EnergyBanksia$1731-
9QEnergyHome Your Way$1748-
10Sumo EnergySumo Saver$1799$40 (credit)

Based on our calculations, we’re happy to see that two Electricity Monster partners – Alinta Energy and Simply Energy – turn up in the top seven cheapest retailers in the CitiPower network! 

11 Best Electricity Deals Powercor

The next network we’re looking at is Powercor. For the purposes of our calculations, we’ll be assuming an average usage of 6526 kWh/year.

RankingRetailerPlanAnnual CostDiscount/Credit
1Tango EnergyHome Select$1678-
2Elysian EnergyThe Minimalist$1700-
3Momentum EnergySmilePower Flexi$1721-
4Dodo PowerResidential Market$1759-
5PowerdirectResidential Rate Saver$1829-
6AGLResidential Essnetials Plus$1854-
7Simply EnergySimply RACV Plus $1868$150 (Credit)
8Energy AustraliaTotal Plan$18787% (guaranteed)
9PowershopAutoPay w/ Mega Pack$190623.2% (pay-on-time)
10Alinta EnergyReal Deal$1918$100 (Credit)
11Sumo PowerSumo Saver$1967$40 (Credit)

Based on our analysis, it’s a pleasure to report back a fantastic performance from many of Electricity Monster’s partner providers. As you can see, most of the top ten in Powercor are Electricity Monster partners. 

10 Best Electricity Deals United Energy

Up next we’re taking a look at United Energy, another energy network in Victoria. For the purposes of our calculations, we’ll be assuming an average usage of 6526 kWh/year.

RankingRetailerPlanAnnual CostDiscount/Credit
1Momentum EnergySmilePower Flexi$1522
2Tango EnergyHome Select$1525-
3Dodo PowerResidential Market$1537-
4Elysian EnergyThe Minimalist$1540-
5Sumo PowerSumo Saver$1613$40 (Credit)
6Lumo EnergyLumo Value 5$16585% direct debit
7Simply EnergySimply RACV Plus$1697$150 (Credit)
8Energy AustraliaTotal Plan$17197% (guaranteed)
9PowerdirectResidential Rate Saver$1729-
10Alinta EnergyReal Deal$1748$100 (Credit)

Based on our calculations, we are proud to report that two of Electricity Monster’s partners – Sumo Power and Dodo Power, make up the top five retailers in the United Energy network. 

10 Best Electricity Deals Jemena

The next network we’re going to examine is Jemena.

RankingRetailerPlanAnnual CostDiscount/Credit
1Elysian EnergyThe Minimalist$1656-
2Dodo PowerResidential Market$1721-
3Momentum EnergySmilePower Flexi$1721-
4PowershopPowershop Shopper$173723.2% (pay on time)
5Tango EnergyHome Select$1772-
6Sumo PowerSumo Saver$1810$40 (credit)
7Lumo EnergyLumo Value$18305% (direct debit)
8Simply EnergySimply RACV Plus$1878$150 (credit)
9PowerdirectResidential Rate Saver$1899-
10Alinta EnergyReal Deal$1929$100 (credit)

FIVE partners of Electricity MonsterSumo Power, Simply Energy, Alinta Energy, Dodo Power and Powershop – make up HALF of the top ten retailers in this network! 

10 Best Electricity Deals AusNet

Finally, here are 10 of the best electricity deals available in the AusNet network. For the purposes of this blog, we’ll be assuming an average usage of 6526 kWh/year.

RankingRetailerPlanAnnual CostDiscount/Credit
1Tango EnergyHome Select$1782-
2Elysian EnergyA New Chapter$1792-
3Momentum EnergySmile Power Flexi$1932-
4Dodo EnergyResidential Market$1933-
5Sumo PowerSumo Saver$1983-
6Lumo EnergyLumo Value$2010-
7PowershopPowershop Shopper$203815%
8PowerdirectResidential Rate Saver$2041-
9Energy AustraliaTotal Plan$2064-
10AGLAGL Residential Essentials Plus$2066-

THREE of Electricity Monster’s partners, once again come up in the top five retailers. They are Elysian Energy, Simply Energy and Dodo Power. This is great for the pricey AusNet network. 

About our cheap electricity deals in Victoria

Looking for a bargain in Vic?

When finding some of the best electricity deals in Victoria can get confusing. Do I go with the credit or pay on time discount? Which energy company has the right plan for me? Here’s a quick rundown of three of our best electricity deals in Victoria.

Simply RACV Plus

Simply RACV Plus is a great plan open to Simply Energy customers who are also members of the RACV. Many Simply Plans come with credits, but this one goes even further. On top of a low rate, you also get a $150 credit on your bill. On top of that after your $150 credit in the first year, you get $50 every year after.  

Alinta Energy Real Deal

Alinta Energy is growing every day, and some have put them as the fourth most popular retailer in the country. Their Real Deal plan really is the real deal as well. It comes with a $100 credit on your bill which is a great bonus on top of an already Top 10 rate in some networks. 

Powershop Shopper Market offer. 

Powershop’s Shopper Market Offer has become one of the best offers on the market since the VDO. It comes with a 23.2% pay on time discount, which is very competitive. If you would like to learn more about companies like Powershop, get in touch with us today. 

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

Call us! We can help you compare your current energy price with many of the rates we’ve looked at today. Many people have to change how much power they use in order to afford their bills. However, if you compare providers to find yourself a better deal, you won’t have to change a thing. Give us a call on 1300 584 872 today!

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

Disclaimer:

This blog looks at how much a 4-person household pays a year, on average, on plans from various retailers in Victoria. The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog. Then again, individual usage circumstances and brands could cause usage figures to vary.

Important points to note are:

  • We do not guarantee that the information applies to every household in Australia.
  • All dollar figures are including GST unless explicitly mentioned.
  • The comparison is between the market offers that 15 retailers (GloBird, Tango Energy, Lumo Energy, Simply Energy, Powerdirect, Energy Australia, OEnergy, Origin Energy, Click Energy, Alinta Energy, Sumo Power, Elysian Energy, Momentum Energy, Dodo Power, Powershop) have in Victoria
  • The plans chosen for comparison may not necessarily reflect the most competitive plans offered by these retailers. 
  • Specifically, comparisons are on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
  • Electricity rates used are from the websites of electricity retailers. We have not verified their accuracy.
  • Chiefly, electricity benchmarks used for the average energy usage of households are from the AER website.
  • In Vic, the Citipower network is used to calculate an average price.

 

Written by Ethan

Ethan

Ethan is an energy journalist with a passion for how the electricity industry affects regular people. His key areas of interest are the energy poverty crisis and inner workings of each state’s electricity situation.