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 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 Plus energy plan comes with a great rate. We’ve also got Alinta Energy who offer a DMO smashing rate. Other great plans are on offer from Elysian Energy & Tango Energy.

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 doesn’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 4000 kWh/year in line with the VDO reference price.

RetailerPlanPrice
1. Elysian EnergyThe Minimalist$1,179
2. Tango EnergyHome Select$1,199
3. Simply EnergySimply Plus$1,207
4. Lumo EnergyLumo Value$1,219
5. Momentum EnergySelf Serve$1,220
6. Alinta EnergyHome Deal$1,221
7. Origin EnergyMax Saver$1,264
8. PowerdirectResidential Rate Saver$1,277
9. AGLResidential Essentials Saver$1,278
10. Energy AustraliaTotal Plan$1,292

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! The winners for this round however were Elysian Energy & Tango Energy. 

10 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 4000 kWh/year.

RetailerPlanPrice
1. Elysian EnergyThe Minimalist$1,270
2. Tango EnergyHome Select$1,286
3. Simply EnergySimply Plus$1,289
4. Momentum EnergySelf Serve$1,320
5. Alinta EnergyHome Deal$1,321
6. Lumo EnergyLumo Value$1,345
7. Origin EnergyMax Saver$1,349
8. AGLResidential Essentials Saver$1,365
9. Energy AustraliaTotal$1,380
10. PowershopShopepr Market Offer$1,431

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 4000 kWh/year.

RetailerPlanPrice
1. Elysian EnergyThe Minimalist$1,169
2. Tango EnergyHome Select$1,252
3. Simply EnergySimply Plus$1,285
4. Momentum EnergySelf Serve$1,292
5. Lumo EnergyLumo Value$1,298
6. Alinta EnergyHome Select$1,309
7. PowerdirectResidential Rate Saver$1,327
8. AGLResidential Essentials Saver$1,327
9. PowershopShopper Market Offer$1,331
10. Origin EnergyMax Saver$1,342

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

10 Best Electricity Deals Jemena

The next network we’re going to examine is Jemena, we’ll be assuming an average usage of 4000 kWh/year.

RetailerPlanPrice
1. Tango EnergyHome Select$1,249
2. Simply EnergySimply Plus$1,271
3. Lumo EnergyLumo Value$1,275
4. Momentum EnergySelf Serve$1,279
5. Alinta EnergyHome Deal$1,296
6. Origin EnergyMax Saver$1,301
7. AGLResidential Essentials Saver$1,326
8. Elysian EnergyThe Minimalist$1,329
9. PowerdirectResidential Discount Saver$1,346
10. Energy AustraliaTotal Plan$1,361

Once again Simply Energy has a fantastic plan on offer for electricity customers. Also coming through with competitive rates is Alinta Energy. 

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 4000 kWh/year.

RetailerPlanPrice
1. Elysian EnergyThe Minimalist$1,329
2. TangoHome Select$1,374
3. Lumo EnergyLumo Value$1,425
4. Origin EnergyMax Saver$1,431
5. Momentum EnergySelf Serve$1,434
6. Alinta EnergyHome Deal$1,444
7. PowerdirectResidential Discount Saver$1,448
8. AGLResidential Essentials Saver$1,448
9. Energy AustraliaTotal Plan$1,497
10. PowershopShopper Market Offer$1,520

Two  of Electricity Monster’s partners, once again come up in the top ten retailers. They are Simply Energy and Energy Australia. This is great for the pricey AusNet network. 

*All Rates Accurate as of 05/06/20

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 Plus

Simply Plus is a great plan open to Simply Energy customers who are also big fans of the. Many Simply Plans come with credits, but this one goes even further. On top of a low rate, you also get a voucher to spend at the AFL store so you can support your favourite team.  

Alinta Energy Home Deal

Alinta Energy is growing every day, and some have put them as the fourth most popular retailer in the country. Their Home Deal plan really is the real deal as well. It comes with a great affordable rate that beats the VDO. 

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.