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
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.
|1||Elysian Energy||The Minimalist||$1461||-|
|2||Tango Energy||Home Select||$1479||-|
|3||Lumo Energy||Lumo Value 5||$1564||5% (direct debit)|
|4||Simply Energy||Simply RACV Plus||$1597||$150 (credit)|
|5||Powerdirect||Residential Rate Save||$1598||-|
|6||Energy Australia||Total Plan||$1626||7% (guaranteed)|
|7||Alinta Energy||Real Deal||$1648||$100 (credit)|
|9||QEnergy||Home Your Way||$1748||-|
|10||Sumo Energy||Sumo 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.
|1||Tango Energy||Home Select||$1678||-|
|2||Elysian Energy||The Minimalist||$1700||-|
|3||Momentum Energy||SmilePower Flexi||$1721||-|
|4||Dodo Power||Residential Market||$1759||-|
|5||Powerdirect||Residential Rate Saver||$1829||-|
|6||AGL||Residential Essnetials Plus||$1854||-|
|7||Simply Energy||Simply RACV Plus||$1868||$150 (Credit)|
|8||Energy Australia||Total Plan||$1878||7% (guaranteed)|
|9||Powershop||AutoPay w/ Mega Pack||$1906||23.2% (pay-on-time)|
|10||Alinta Energy||Real Deal||$1918||$100 (Credit)|
|11||Sumo Power||Sumo 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.
|1||Momentum Energy||SmilePower Flexi||$1522|
|2||Tango Energy||Home Select||$1525||-|
|3||Dodo Power||Residential Market||$1537||-|
|4||Elysian Energy||The Minimalist||$1540||-|
|5||Sumo Power||Sumo Saver||$1613||$40 (Credit)|
|6||Lumo Energy||Lumo Value 5||$1658||5% direct debit|
|7||Simply Energy||Simply RACV Plus||$1697||$150 (Credit)|
|8||Energy Australia||Total Plan||$1719||7% (guaranteed)|
|9||Powerdirect||Residential Rate Saver||$1729||-|
|10||Alinta Energy||Real 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.
|1||Elysian Energy||The Minimalist||$1656||-|
|2||Dodo Power||Residential Market||$1721||-|
|3||Momentum Energy||SmilePower Flexi||$1721||-|
|4||Powershop||Powershop Shopper||$1737||23.2% (pay on time)|
|5||Tango Energy||Home Select||$1772||-|
|6||Sumo Power||Sumo Saver||$1810||$40 (credit)|
|7||Lumo Energy||Lumo Value||$1830||5% (direct debit)|
|8||Simply Energy||Simply RACV Plus||$1878||$150 (credit)|
|9||Powerdirect||Residential Rate Saver||$1899||-|
|10||Alinta Energy||Real Deal||$1929||$100 (credit)|
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.
|1||Tango Energy||Home Select||$1782||-|
|2||Elysian Energy||A New Chapter||$1792||-|
|3||Momentum Energy||Smile Power Flexi||$1932||-|
|4||Dodo Energy||Residential Market||$1933||-|
|5||Sumo Power||Sumo Saver||$1983||-|
|6||Lumo Energy||Lumo Value||$2010||-|
|8||Powerdirect||Residential Rate Saver||$2041||-|
|9||Energy Australia||Total Plan||$2064||-|
|10||AGL||AGL Residential Essentials Plus||$2066||-|
About our cheap electricity deals in Victoria
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!
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.