* From 1st of July 2019 regulatory changes take effect. Website results & text may have some errors, please talk directly with an electricity broker via phone before making any decisions.

 

VICTORIA DEFAULT OFFER

130,000

VICTORIAN’S EXPECTED TO SAVE
EXERCISE
YOUR
VDO
RIGHTS.
*The VDO may not be of benefit for everyone. Comparing your current offer with the VDO is advised. We do not compare all energy providers & have commercial arrangements with our partners. Savings from Essential Services Commission.

Exercise Your Right To Go On The VDO Today! VDO EXPLAINED

The Victorian Default Offer (VDO) is here, and you could be about to save $400 a year. In the face of skyrocketing power prices, the Victorian government has stepped in and set a default market offer for all Victorians.

In simple terms, the VDO is a set price for electricity that power companies must offer you, and tell you that they have available. However there’s a little bit more to the VDO, so let’s go through all the important points.


Is the VDO going to work out cheaper for you?

What’s great about the VDO is that it has been set a decent rate, below the median standing offer in Victoria, and hovering around the median market offer*.

However despite being set at around the median price, as you can see in the graph, there still might be more affordable offers on the market. If you’re looking for a better deal on your power, call Electricity Monster on 1300 232 848 today.

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*The VDO may not be of benefit for everyone. Comparing your current offer with the VDO is advised. We do not compare all energy providers & have commercial arrangements with our partners. Savings from Essential Services Commission.

How Much Could the VDO Save Me?

If you’re wondering what this means for you in terms of dollars and cents, the good news is that the Victorian government has crunched the numbers and come up with some estimates. Assuming a 4,000 kWh yearly usage for residential customers and 20,000 kWh for business customers an estimated 130,000 Victoians could end up saving quite a bit.

These calculations are also based on the median retail plan, if you’re on an expensive plan you could save even more. If you’re on an expensive plan, make sure you call Electricity Monster on 1300 232 848 today.

VDO Residential | Savings

$310 - $450*

The VDO is great news for Victorian families. According to the government’s estimates, you could be about to save over $300 on your yearly electricity spend. Contact Electricity Monster if you think you can find an even better deal.

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VDO Business | Savings

$1380 - $2050*

Business owners after a better deal on their power might be in luck. The government estimates that you could be looking at a massive saving, as much as $2000 according to their calculations. If your business wants to see if you can beat the VDO, give Electricity Monster a ring.

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The VDO Requires Your Power Company To Offer Fairer Prices

One key part of these new rules is that your provider is now required to offer you “clear advice” about your current plan, and how you could get on a cheaper plan.

The rules don’t immediately shift you to a better deal, but they do require the following:

  • Make a VDO priced offer available
  • Explicitly state how much you could save by switching to a VDO plan.

This might take the form of a notice in the top left of the corner of your bill that might look something like this:

$100

Your plan is higher than the VDO

Either way, you will receive clear and direct communication about the better plans on offer, and how you can switch to them.

This will be great for consumers as prior to these rules power companies were not required to inform you that they had better plans on offer, even if you had been a customer for years.

When do these changes come into effect?

All changes are in effect as of:

July 1, 2019


How Might This Change the Energy Industry in Victoria?

For many years Victoria has been the domain of big discounts on already low rates. This is the result of it being one of the most competitive energy markets in the country.

However now with potential to drive everyone’s rates down to the statewide median, some of these big discounts could be a thing of the past.

This doesn’t mean your power bill will get more expensive, what it does mean that any new discounts will be relative to the VDO. So instead of getting 40% off of a high rate, you might see something like this:

VDO Plans

Electricity

$300

credit*

Gas

$300

credit*

*Approximate plan details based of a generic energy retailer

This will make it more important to seek out professional help than ever before. If you’re interested in searching for a deal better than the VDO, get in touch with Electricity Monster today!

How Can Electricity Monster Help?

Even with these new rules, you could still shop for a deal that beats the default offer. That’s what Electricity Monster is here for. We provide a 100% Free Service for families and businesses looking for a sharper rate on their electricity.

Major policy changes like this can be confusing for a lot of people, that’s why it pays to speak with an expert. At Electricity Monster you can speak to a trained professional energy broker who can explain everything to you.

We’ve partnered with a number of providers, some of which might have plans that beat even the VDO. If you’re looking for a way to search for even bigger savings than the VDO, call Electricity Monster on 1300 232 848 today!

*Source: Victorian default offer to apply from 1 July 2019


"Comparing Electricity makes sense with Electricity Monster! Especially with our Peace of Mind Guarantee. The whole process can take less than 10 Minutes so give us a call & speak to one of our Free Energy Consultants Today"

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CORY MCGOWN
- Energy Analysis Expert

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If for any reason, after 6 months you are not happy with the retailer we switched you to, then we will set you up with any other retailer of your choosing from our panel and reimburse your exit fees where applicable up to $75 for your electricity and $25 for your gas.

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