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 cheapest electricity deals we can find in the market to suit your needs.
Below we have compiled a list of our top 10 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||% Less Than VDO||Estimated Price*|
*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 $1,270.
^ GloBird Energy IdeaSave – Estimated price includes a 1% direct debit discount
^ Powerclub Powerbank Home Flat – Estimated price includes an annual $39 membership fee
^ Energy Australia Total Plan – Estimated price includes a $50 credit per new energy account on your first bill when you sign up
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.
The Big 3 Electricity Providers*
How do the Big 3 retailers compare against our top 10 energy deals in the Victorian energy market? We have done a comparison and ranked them against our list of best energy plans in Vic.
|Retailer||% Less Than VDO||Estimated Price*|
*All calculations above are based on a single rate tariff, with a default electricity usage of 4000kWh and are compared to the Victorian Default Offer (VDO) Reference Price of $1,270.
^ Energy Australia Total Plan – Estimated Price includes a $50 credit per new energy account on your first bill when you sign up
Energy Australia – Total Plan
Energy Australia makes up one of the Big 3 energy providers in Australia, supplying electricity to more than 1.7 million Australian customers.
They are committed to providing cleaner energy in Australia through their Go Neutral program. 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. Also, you receive a $50 signup credit per new energy account on your first bill when you sign up online.
AGL – Essentials Plus
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 its Essentials plan is the best value for price. The offer includes fixed-term rates for 12 months, no exit fees and flexible billing options.
Also, this plan helps you collect flybuys points. By simply linking your AGL account to flybuys, you can collect 1 point for every $2 you spend on your AGL gas and/or electricity bill if you receive paper bills. But if you switch to eBilling, you could score 1 flybuys point for every $1 spent on gas and/or electricity bills.
Origin Energy – Origin Go
Origin Energy prides themself on getting energy right by makin
g it affordable, sustainable, smarter and easier.
Origin Energy has 2 residential home plans on offer. But, it’s their newest offer, Origin Go, that slides into our list of best deals.
The Origin Go plan offers a 12 month fixed rate with flexible payment options, no lock-in contracts or exit fees, and easy access to the Origin App to track your energy usage.
This plan also has 2 various applications; One for regular customers and the other for existing Everyday Rewards Members.
Everyday Rewards members have the opportunity to collect points with their energy. They get 1 point for every dollar that they get charged on their energy bill. Everyday Rewards members are also entitled to a one-off 5000 bonus points on signup for each energy type.
To get all this, all you’ve got to do is link your Everyday Rewards number when you sign up! But if you’re not an existing member but want all these benefits, sign up for the Everyday Rewards program before getting this plan!
Are you with one of the Big 3 and looking for a sharper deal?
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.
ReAmped Energy – ReAmped Handshake
In top spot is ReAmped Energy with their ReAmped Handshake offer!
ReAmped Energy is known for their simple low rates and no lock-in contracts and this offer backs that up.
This plan features a monthly billing period, no lock-in contract and zero exit fees but does require payment to be made via direct debit.
For an additional cost, you can also choose to purchase GreenPower with this plan.
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.
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 a competitive offer we can find in the market.
GloBird Energy – IdeaSave
Who do we have here? Well, it’s none other than GloBird Energy with their IdeaSave plan.
This plans’ features include a monthly billing frequency, no contract term, and zero exit fees. However, this plan requires customers to pay via direct debit.
But if you’re after an energy retailer who offers unbeatable value, GloBird Energy’s IdeaSave plan is the way to go!
Powerclub – Powerbank Home Flat
Coming in next is Powerclub with their Powerbank Home Flat Plan.
This electricity retailer boasts a highly competitive market offer that sits relatively lower than the VDO.
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.
Their Bill Smoothing technology helps to split your bills evenly and reduce bill shock.
OVO Energy – The One Plan
Let’s take a look at one of our partnered energy providers. OVO Energy is an electricity provider that focuses on excellent customer service, affordable prices, and accessible renewable energy.
The One Plan makes the cut on the top plans in Victoria.
The only requirement with this offer is for monthly bills to be paid via direct debit. This offer features a Bill Smoothing technology that averages your monthly bill payments to 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 customer’s account is in credit, OVO Energy will pay you a 3% interest in 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.
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 Reference Price.
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.
Powerdirect – Rate Saver
Who do we have next? Well, it’s Powerdirect with their Residential Rate Saver plan.
Powerdirect provides Australian residential and business customers with great electricity plans and amazing customer service.
Features of this plan include a quarterly billing frequency, flexible payment options, no lock-in contract and zero exit fees.
Simply Energy – Simply Blue
Let’s take a closer look at another one of our partners, Simply Energy. They have been providing Australian households 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 several plans to choose from, it’s their Simply Blue offer that makes our list of top energy 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.
Kogan Energy – Market Offer
Kogan Energy has made our list of top deals in Victoria with their Market Offer plan.
This plan has a monthly bill frequency and only accepts a direct debit payment.
But it’s no contract term, and zero exit fees make your life so much easier if you decide to switch retailers!
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!
*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 28/04/2021