Cheapest Electricity Rates VIC

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Looking for Cheap Electricity Prices in Victoria?

Electricity bills are skyrocketing, but that doesn’t mean you have to settle for a high rate. Several retailers offer cheap electricity rates in VIC. Best of all, you can switch if you find one that best suits your budget. 

Victoria is home to dozens of electricity providers that all offer unique plans, incentives, and perks. If you’re one of the many Aussies stuck on a bad electricity rate, or suffer from high power bills, you have the power of choice as a Victorian resident. By comparing the market and ultimately finding a better deal on your electricity, you can effectively lower your power bill and put more money back into your pocket.

One of the fastest ways you can compare electricity prices in Victoria is by calling a service like Electricity Monster. We’ll do the comparison shopping for you and find you the best deal we have within our network of partnered retailers. With our service, you won’t have to waste time and effort going through various retailers to figure out which one offers the cheapest electricity rates. We take care of the process for you – from the paperwork to the actual switch. If you’re tired of high electricity prices and need a solution, give us a call, and we’ll help you find the sharpest rates we have.

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Cheap Electricity Plans in Victoria

In the table below, we've listed some of the best plans offered by electricity providers in Victoria.

Retailer % Below VDO* Price/year (Est.)
CovaU VIC
Super Saver
30% $1,096
Globird VIC
Boost
30% $1,101
OVO Energy VIC
Free 3 Plan
28% $1,140
Tango Energy VIC
eSelect
25% $1,175
Simply Energy VIC
Simply Seniors (Simply Members)
25% $1,182
Sumo Energy VIC
Sumo Switch
25% $1,183
Nectr VIC
Nectr 100% Clean
21% $1,189
Powershop VIC
Switch Saver
23.5% $1,201
Alinta Energy VIC
Better Deal
22% $1,225
Origin Energy VIC
Origin Go Variable
22% $1,225

*Victoria electricity rates are based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network, the VDO reference price is: $1,571 / year. Click here for more information.

How Can I Get Cheap Electricity Rates In Victoria?

Energy providers in Victoria offer a variety of attractive electricity and gas plans. If you're looking to lower your electricity bill, or want to explore your options, it makes sense to compare electricity prices. The best part about comparison shopping is that you can potentially save money by switching to another electricity provider.

The deregulated energy market is filled with energy companies like Origin Energy or Energy Australia, both of which own a large market share, and smaller companies like Powershop and OVO Energy. Regardless of the size or notoriety of each brand, you'll likely discover that each electricity provider will have competitive offers that could be right for you.

Once you shop around, you’ll notice that there are several discounts and benefits offered by these retailers when you sign up. These can range from one-off discounts to inclusive perks that you get access to once you’re an enrolled energy customer. It’s important, however, to take a look at the full rundown of each plan, as some may not necessarily save you money in the long run.

Or, you can call a professional service like Electricity Monster to handle this time-consuming process for you. We’ll help you find the best deal available within our network of partnered retailers and even help you get connected so you don’t have to spend hours figuring it out yourself. Best of all, comparing cheaper electricity prices with us won’t cost you a thing. Our service is 100% free to use.

How many electricity retailers are there in Victoria?

Below is a list of all of the electricity providers in Victoria. If you’re moving home and need a connection or just want to find the best energy deals in Victoria, save yourself the hassle of shopping around and give us a call today.

Frequently Asked Questions

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This publication reviews plans in VIC as of 01/02/2024.

Important Points to note are:

  • The plans displayed have been taken from the energy fact sheets published on the retailer's website. We do not guarantee that this information is correct or that it applies to every household in Australia.
  • Comparisons have been made on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
  • The Citipower network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Ausgrid network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in NSW.
  • The SA Power Networks network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
  • The Energex network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in QLD.
  • The Evoenergy network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in the ACT.
  • The ACTO network has been used to compare gas plans in WA.
  • The reference price/VDO/GAS comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different from these estimates if your usage differs from the average amounts used in this calculation.
  • The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
  • All dollar figures include GST.
  • The plans displayed may be different than those advertised.
  • The plans offered on this page may not be available in our call center.
  • 'Get Best Offer’ is indicative of the best offer available in our database from our partners 
  • ‘Get More Info’ does not mean we will sign you up for the plan listed. Electricity Monster will provide offers in our database. We do not claim to be affiliated with the retailer.
  • When you click 'Sign Up Now' you agree to be contacted by our energy experts. Plans with said button are affiliated with our partnered retailers only.
  • Electricity plans are now compared to a regulated price called the Victorian Default Offer (VDO). This makes it easier to compare energy plans across the market. The VDO comparison and annual estimate is calculated based on an average usage customer.
  • When calculating our rates we include in the price/year estimate the GST (unless otherwise stated), any advertised non-conditional discounts (e.g. guaranteed discount), and any one-off credits.
  • What's not included in the price/year estimate are conditional discounts, green energy charges, any concessions or rebates which may apply to you, solar feed-in tariff credits that your solar system could generate.
  • The VDO comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.