Cheapest Electricity Rates VIC
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.
Cheap Electricity Plans in Victoria
In the table below, we've listed some of the best plans offered by electricity providers in Victoria.
|% Below VDO*
Free 3 Plan
Simply Seniors (Simply Members)
Nectr 100% Clean
Origin Go Variable
*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
Comparing cheap electricity rates in Victoria is widely recommended for residential households and businesses as it can help Victorians find a better deal and save money on their power bills.
Comparison shopping has become accessible for most Aussies. However, the downside to doing it on your own is that it can be both time-consuming and stressful if you haven’t switched plans in years. The market changes on a regular basis, meaning plan rates, discounts, and benefits can go up or down at any time. This makes shopping for the best deal much harder as you’ll need to sort through every retailer if you’re really looking to save the most money.
Instead, call Electricity Monster. Our team of energy experts will find you the best deal we have available within our network of partnered electricity providers. We can even help you get connected. Our service is 100% free to use, so call us today and see how much you can save.
Each electricity provider has a catalogue of plan offers with unique rates, benefits, and sign-up incentives. While you might be inclined to choose the cheapest rate you find, this might not actually save you the most money in the long run. Several factors can influence the actual price you’ll be paying, like discounts, electricity consumption, and more – so it’s important to compare the market. You should be looking for a suitable plan that matches your household’s energy needs, offers favourable contract terms (e.g., discounts, tariff type, etc.), and is ultimately cost-effective.
It’s important to never settle for a plan that you’re on the fence about. There are other variables outside of cost that should be considered as well, such as customer service, bill clarity, and inclusive features. These considerations can help guide you to an energy plan that’s suitable for you. This is applicable for all cities in Victoria as well. Whether you’re looking for a cheap electricity plan in Geelong or an affordable energy plan in Bendigo, you’ll want to make an informed decision.
If you’ve never shopped around and compared plans, you could be overpaying for your electricity. Staying loyal to one brand may not be the best option, as you could be paying more for electricity due to the recent increase in energy prices. Energy providers are not obligated to switch you to a cheaper plan if rates increase, so it’s important to check your rate and compare.
If you have questions about your current electricity plan and want to see if you can get a better deal, we recommend calling our energy experts at Electricity Monster today. We’ll help you get connected and handle the process from start to finish. Our services are 100% free to use.
There’s nothing worse than opening an electricity bill and seeing a ridiculously high number. Bill shock can set in and leave you wondering where you went wrong. Many Aussies attribute high costs to excess household electricity usage. But did you know that if you haven’t switched your energy plan in years, you could be paying more due to being on a bad rate?
For example, if you signed up with a big energy provider a few years ago, you might have been offered a generous sign-up bonus. However, as time passes, your discount expires, so now, you’ll see a big increase in your energy bills. As much as you try to lower your energy consumption and switch to a more energy-efficient lifestyle, you may still see higher-than-average power bills. This is why it’s important to always make sure you’re on the best electricity prices in Victoria.
If you’re looking for a cheap electricity rate in Victoria, the best way to find out is by comparing the market. Victoria is home to a number of competitive plan offers that might be better than what you’re currently on.
With a variety of sign-up bonuses, discounts, and benefits available, there are numerous ways to save. The problem with comparison shopping, however, is the amount of time and research it takes to find a better deal. The end goal is saving money, but how can you save money if you aren’t sure what plan actually gives you the cheapest electricity rate in Melbourne?
This is where Electricity Monster comes in. Our team of energy experts will not only do the comparison shopping for you, but we’ll get you a fair deal on an energy plan that suits your personal budget.
Don’t worry. We can help you out with your gas needs as well. Many energy providers offer gas plans along with their electricity plans, and the same is true for our partners. If you are one of the many homeowners who use a high amount of gas, finding a way to lower your gas bill or electricity bill is just as important as getting a better deal on your energy. Finding yourself a cheap electricity supply is one thing, but once you get your gas at a sharp rate, you could really start to see some savings. If you’re in the market for a new electricity and gas plan, or just want a better deal on your gas, get in touch with Electricity Monster and we’ll help you through every step of the process.
Electricity and gas companies in VIC offer different solar Feed in Tariff (FiT) rates specific to their brand. If you want to learn how much you can save with FiTs and what rates our partnered providers offer, phone us today and we’ll discuss various options that fit your needs. Suffering from high electricity and gas bills? We can help.
All states and territories in Australia have unanimously made smart meters the default meters, which means if you are replacing an old meter or are upgrading, the installer will default to a smart meter.
Smart meters offer a wide range of benefits. For example, a smart meter will measure your electricity consumption and solar export every 30 minutes and then send this information to your energy provider automatically. This means your energy provider will bill you for exact energy usage – you’ll no longer have to deal with estimated bills.
An energy tariff refers to the amount charged for providing electricity under your contract. Tariffs can vary based on where you live, which energy distributor you are with, and the type of meter you have. Below are two different tariff types that you should be familiar with.
1. Single rate tariff
These tariffs have no peak or off-peak periods. Regardless of the time of day you use your energy, you will pay the same rate. Residential customers who are home in the evenings with most of their energy usage coming during peak times may benefit from this tariff.
2. Time of use tariffs
A time of use tariff is often found in households with a smart meter installed that has the capabilities to be used with services like solar panels and a solar battery. This tariff means that the rate a consumer pays will depend on the time of day that the energy is used. You'll often see times such as peak, shoulder, and off-peak.
Do you want to learn more about how tariffs can affect your energy usage and bills? Are you looking to compare energy retailers and find competitive electricity plans? Call us today and we can help. With our service, comparing energy providers is simple. We take care of the process for you. We can even analyse your energy usage and offer a variety of free solutions to help you save money.
It won’t cost you anything to compare energy retailers in VIC through Electricity Monster. Generally, it is highly unlikely that you will encounter any exit fees with your previous provider.
However, you may want to check with the retailer to confirm.
Once you’ve signed up with a new electricity provider in Victoria, there’s what is known as a cooling-off period, which allows you to cancel the agreement without being charged any penalties or fees. If you decide to cancel, simply call your new electricity provider within the cooling-off period and request to cancel your service.
A solar feed-in tariff is a payment you receive from electricity retailers for any excess energy produced by your solar system that gets fed back into the grid. Solar feed-in tariffs usually consist of a few cents that you’ll receive for each Kilowatt hour (kWh) of excess energy produced.
In most cases, these tariffs are not paid out in cash but will instead appear as a credit on your energy bill.
Getting the right solar feed in tariff for your household depends on a variety of factors. For example, a home that exports loads of excess solar energy may benefit from a high feed-in tariff. But a household that exports little to no excess energy may be better off with a lower feed-in tariff and a sharper electricity rate.
Call one of our friendly energy experts, and we’ll crunch the numbers to see if you’re getting a fair solar feed-in tariff rate.
Because every electricity retailer offers something different in terms of plans, rates, and exclusive perks, you’ll want to compare the market and see what fits your budget and needs. Even if you have a particular electricity provider in mind, you’ll still want to consider discounts, incentives, and any other benefit that can help lower the overall cost. It’s important to note that there are other variables that factor in when signing up for a new energy plan, so be sure to take an in-depth look at energy providers that you’re interested in so you can take full advantage of other services that they offer.
On the other hand, the comparison shopping process can often be time-consuming and stressful if you haven’t switched in a long time. Regardless of the method you choose to find a cost-effective plan, you still need to take the necessary time to sort through the many energy plans currently being offered.
Phone us at Electricity Monster instead. We can help you get connected to the best deal we have available. Best of all, we take care of the entire process for you – no need to worry about paperwork or long phone conversations. We can even help you get connected fast. Our energy experts pride themselves on getting you a fair rate for a fair price. Give us a call now and we'll compare energy providers in our network of partners. If you're tired of high energy bills, it's time you did something about them. Contact us today.
Other Reads You Might Like
The Best and Cheapest Electricity Deals Victoria has on offer (and how you can get them!)
Best Electricity Deals Queensland (Cheapest Providers)
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.