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Apply for an energy plan from Australia's most popular brands
🧪How we determined popular brands
The most popular brands were based on market share using figures from the Australian Energy Regulator (AER's) Annual retail markets report 2018-19 (Table 1.1.). Keep in mind that the most popular brand may not always be the best for you, and you're encouraged to compare for yourself to find one that works for you.
Compare energy retailers in Victoria
Compare electricity retailers and prices in Victoria October 2020
Disclaimer: Here are some of the best deals from retailers on our database that include either a link to the retailers website for more information or to a form from an energy broker to enquire for more information. The following list of cheap plans is a general guide only and may change at any time. We compared prices based on a residential customer in VIC (Postcode: 3000) who consumes 4,000 kWh a year on a single rate tariff in the Citipower network. We show one plan per provider and the estimated price includes conditional discounts (if any). Any plans with special eligibility requirements are excluded from this list. Your actual bill may vary, depending on your usage. Always check the provider's site before applying. Please use our engine for a specific comparison in your postcode.
What's in this guide?
- Apply for an energy plan from Australia's most popular brands
- Compare energy retailers in Victoria
- Compare electricity retailers and prices in Victoria October 2020
- Who is the cheapest electricity provider in Victoria? (Finder database)
- Is electricity expensive in Victoria?
- Is gas expensive in VIC?
- Electricity and gas providers in VIC
- Energy plans from some of the main providers in Victoria: What's on offer?
- What type of energy discounts do providers in VIC offer?
- How much is the energy rebate in VIC?
- When are off-peak and on-peak periods in VIC?
- How to read a meter in VIC
- How often will you get your bill?
- How do you connect electricity in VIC?
- How to get cheaper energy
- Key terms in VIC
Is electricity expensive in Victoria?
1Our research found that the average quarterly electricity bill in Australia is around $363. VIC came in at a cheaper $338 per quarter.
|State||Average quarterly bill||Annual bill|
|New South Wales||$386||$1,544|
1.Average bills per state are based on Finder's Customer Sentiment Tracker. Finder's Consumer Sentiment Tracker takes responses from 16,000 Australians to get an average figure. The last number was last checked in August 2020. We will continue to update this data.
You can save by switching
As of 1 September 2020, the cheapest estimated price that we found for a plan in VIC (Postcode: 3000) is $1,240 per year ($310 per quarter). If the average bill holder was to switch to the cheapest plan, they would be able to save $112 in the year.
|Cheapest plan available (estimated price)2||$310||$1,240|
2.The cheapest price available on Finder was found by searching our engine for results using the following postcodes: (3000 - Melbourne). Prices are based on a residential customer who consumes the following amount of energy per year on a single rate tariff: (4,000 kWh for VIC). Prices are subject to change.
Electricity and gas providers in VIC
|Link to provider review||⚡ Electricity||♨️ Gas||☀️ Solar|
|DC Power Co||✅||✅||✅|
Energy plans from some of the main providers in Victoria: What's on offer?
Note: Plan information last checked in July 2020.
AGL - Residential Essential Savers
Basic variable rate electricity plan with no lock-in contract and monthly billing. Includes a demand charge, where you pay an additional fee based on your max peak consumption during a certain period, higher in summer. Choose between 10, 20, and 100% GreenPower.
EnergyAustralia - Total Plan Home (Peak Only)
This offers fixed rates and a guaranteed discount off your whole electricity bill for the first 12 months of the plan. Has flexible payment options and quarterly billing. You can opt in for complete carbon offsets after the first 6 months, and pick between 10, 20, and 100% GreenPower.
Origin - Max Saver
Provides variable rate electricity with a 12 month benefit period and monthly billing. To be eligible for the plan, you have to get online billing and communications, pay by direct debit, and install the Origin app. No lock-in contract, with 25, 50, or 100% GreenPower options.
Powershop - Shopper Market Offer
Variable rate electricity with direct debit payments, 100% GreenPower options, and no connection fee at a new address. In order to access significant discounts off your bill, you can pre-purchase Powerpacks in their shop. Billed monthly.
Tango Energy - Home Select
Fixed electricity prices for the first 12 months, after which they become variable again. Has flexible payment options and is billed monthly, with no GreenPower options.
What type of energy discounts do providers in VIC offer?
We went through all the energy plans on offer in Victoria to discover what kinds of discounts exist. Here are the four main types:
- Pay on time discounts. Paying early or paying on time offers a percentage discount on your bill. When you miss a payment, this discount goes away.
- Direct debit discounts. If you let your provider withdraw the value of your bill directly from your bank account each month, you'll get a discount.
- Guaranteed discounts. Always apply, no matter what. This is the most reliable type of discount.
- Bill credit. Mostly offered on sign up and involves money being subtracted from your energy bills.
According to our data, direct debit discounts are the most common discount variety offered by Victorian retailers. Discounts generally apply only during set benefit periods, and expire when they run out.
|Discount type||Example||Providers that offer the discount|
|Pay on time discounts||Discount on total bill|
Discount on total usage
|Sumo, Diamond Energy, Lumo Energy, Red Energy, GloBird Energy|
1st Energy, GloBird Energy
|Direct debit discounts||CovaU, Origin Energy, Diamond Energy, GloBird Energy|
|Guaranteed discounts||Discount on total bill|
Discount on total usage
|CovaU, Origin Energy, Energy Australia|
|Bill credit||Sumo Saver Credit||Sumo|
|Other special discounts||Mega Pack|
Free Power Bonus
Last checked December 2019
How much is the energy rebate in VIC?
An energy rebate works by providing a certain amount of money back on your energy bill. To qualify for a particular rebate, you usually need to satisfy some condition or have a valid concession card.
Rebates come in two forms: a flat amount back (like $50), or a percentage of your power bill. If you want to know what energy rebates exist in Victoria, go to our energy rebates and concession guide and search the Victorian section.
When are off-peak and on-peak periods in VIC?
Power use is split into different periods, known as peak and off-peak. Unlike other states, Victoria does not have a shoulder period. These periods are only relevant on a time-of-use tariff, since single rate plans treat the whole day as a single peak time.
- Peak. 7am - 11pm on weekdays. This is when electricity is used the most and attracts the highest prices.
- Off-peak. All other times (11pm - 7am weekdays, all weekend). Electricity consumption drops in off-peak periods, meaning prices are lower.
How to read a meter in VIC
You can either have a technician visit to read your meter, or you can read it yourself. The technician route is easy, as all you have to do is make sure the technician can access your meter. With a smart meter, you won't even have to locate your physical meter.
Electricity can be dangerous, so if you choose to read your meter yourself you should take a few basic safety precautions. Make sure the meter and its housing don't show any signs of deterioration, including damage from water or animals, and burnt or melted components. Taking a reading will then depend on what meter you have, explained in full on our meter reading guide.
- Smart meter. These read usage on around a half-hourly basis. You can't read a smart meter manually - instead, you can check your usage by logging onto your provider's page and asking for a usage chart.
- Clock face meter. Write down the number on each clock face from left to right. When dials are between two numbers, take the lower, and ignore the dial labelled 1/10. Your usage will be your meter reading minus the reading from your last energy bill.
- Electronic meter. Hitting the "display" button should show your usage. Note down all the readings it displays if there are several.
As a Victorian customer, you have the right to send a self-read of your meter to your energy provider so that you aren't given an estimated bill.
How often will you get your bill?
Victorian regulations require retailers to provide energy bills at least quarterly, or once per three months. Your provider may also decide to send the bill monthly or allow you to opt in to monthly billing.
- Origin. Bills come monthly on the Origin Max Saver plan. Bills will not be mailed in paper form as part of this plan, only sent via email.
- Energy Australia. The No Frills plan involves quarterly billing, with no option for monthly. Customers can select email or regular post, though paper bills will attract a small additional charge.
- AGL. On AGL's Residential Essential Savers Plan, bills are issued quarterly by default, but customers can opt in for monthly billing instead. Bills are sent by email or can be mailed in paper form for an additional cost.
How do you connect electricity in VIC?
When moving from one property to another, you have to deal with switching over your electricity connection from the old to the new. There are a few ways to deal with this:
- Use your old provider. Don't intend to switch plans or providers? Just contact your retailer and they'll sort it out for you. Be aware that not all plans are available at all addresses.
- Get your landlord or agent to do it. When renting, your landlord is sometimes responsible for the energy account at the property. If that's the case, you can run through the details with them, and they can handle whatever connection fees might be applicable.
- Compare online. A move can be a fresh start and a good chance to leave your old power plan for something better. Whether you simply want an improved deal or you can't remain on your old plan, comparing plans online is an excellent way to save money on electricity in the future.
Moving a connection from one house to another isn't always free. The distributor may charge one or both of a connection fee for moving in and a disconnection fee for moving out. This table shows the fees that Victorian distributors charge.
|Distributor||Connection fee||Disconnection fee|
Source: Origin Energy
How to get cheaper energy
- Look at base rates. The most important number on an energy plan is how much you get charged per unit of energy you use. Outside of conditional discounts and other features, lower usage rates mean cheaper energy.
- Investigate discounts. Discounts can be conditional or guaranteed. Usually, guaranteed discounts are better because they always apply, while conditional ones require you to meet a condition. Watch out for when these discounts expire, too.
- Check tariff options. When your energy use leans more towards the morning or early afternoon, you might benefit from something like a time of use tariff instead of a flat rate. Time of use tariffs split the day into peak and off-peak times, charging way more for peak than off-peak use.
- Compare regularly. In many cases, your rates can be changed at almost any time. On top of that, most discounts and benefits only apply for the first 12 months. Compare or switch regularly to make sure you get the best deal.
Key terms in VIC
|Tariff types||Some plans charge you a single rate tariff (one rate based on use), whilst others charge you a time of use tariff (different rates based on your time of use).|
|Discounts||In a free energy market, electricity and gas providers offer all sorts of discounts and energy plans tailored to specific types of consumers, and many offer discounts for new customers. Keep in mind, plans with introductory discounts may have higher charges later on. Look for energy plans that extend discounts to customers beyond the early stages of a contract. Some plans include discounts for paying on time or signing long-term contracts and many providers offer discounts if you bundle gas and electricity plans together.|
|Termination fees||Some energy providers charge a fee when you terminate a contract before the end period. Early termination fees generally range from $40 to $100 and are specified in your contract. If you don't want to pay early termination fees, look for a no-lock-in contract that allows you to switch providers freely without incurring a penalty.|
|Payment options||Check if a provider lets you pay your bills in a variety of ways. If you're worried about paying bills on time, flexible options can help. Some providers let you purchase energy in advance, which can help limit bill shock.|
|Digital energy tools||Many providers in Victoria offer a variety of apps and online tools that let consumers measure their energy consumption. Knowing more about your energy usage patterns can help you make better energy decisions in the future.|
Your choice of retail provider can make a noticeable difference to the size of your energy bill. Once you've compared electricity and gas plans and chosen a new provider, it's relatively easy to switch. It's simply a matter of applying with the new provider and cancelling your existing plan. Your new provider should generally be able to supply your energy by the next day.
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