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Compare electricity plans and prices in Melbourne and Victoria
Use Energy Finderâ„¢ to look for a cheaper electricity plan in Victoria. It pays to shop around every 6-12 months.
Electricity providers we compare in Melbourne and Victoria
How to compare electricity providers in VIC?
Victorian Default Offer
Each electricity plan that you compare will state how much lower or higher it is to the Victorian Default Offer (VDO). This is the benchmark pricing set by the state's energy regulator to help households compare electricity plans. You should always aim to sign up for a plan that is lower than the VDO. The difference will be shown as a percentage.
Usage rate and supply charge
Besides comparing annual estimates between plans and their difference from the VDO, you can also get into the plan details to compare usage rates and supply charges. A usage rate is applied to every kWh of electricity you use. A supply charge is what you will pay daily for being connected to the energy grid.
Features and extra costs
When comparing plans, it can be beneficial to consider factors beyond the yearly estimate. Keep an eye out for sign-up incentives like discounts and rewards points, as well as features like a mobile app for monitoring energy usage. Make sure to read the terms and conditions, specifically for extra costs such as credit card fees or penalties for late payments.
Rebates and concessions
Utilising rebates and concessions is a great way to reduce electricity expenses. These are primarily available to low-income households, pensioners, and individuals with medical requirements though exceptions may apply. Our guide highlights available rebates in NSW. Alternatively, you can contact your energy provider to determine your options and eligibility.
Compare electricity plans in Melbourne and Victoria
The annual estimated electricity prices are based on a residential customer on the Jemena network who consumes 4000kWh yearly on a single rate tariff. Your actual bill may vary depending on your consumption.
$250 energy rebate in Victoria: Is it still available?
Unfortunately, the Victorian government closed the $250 Power Saving Bonus Scheme in the second half of 2023. It had 2 successful rounds before coming to an end.
Cheapest electricity providers in Melbourne and Victoria
The annual estimated electricity prices are based on a residential customer on the Jemena network who consumes 4000kWh yearly on a single rate tariff. Your actual bill may vary depending on your consumption.
This month, our top pick for the best electricity provider in VIC goes to Tango Energy given its Value Select plan stacks up well on price against other providers.
$150 sign-up credit on selected plans + free Netflix
New customers can get up to $150 online sign-up credit when they switch to AGL for electricity. Selecting the AGL Netflix Plan will also give you a free Netflix Standard subscription (with ads).
New customers can get up to $100 bill credit when you move home with EnergyAustralia. Get up to a 21% guaranteed discount as well depending on which plan you choose.
I stuck with the same energy provider for 3 years before I realised how much my loyalty (OK, laziness) was costing me. I was no longer on the cheapest plan and my electricity bill was huge. I compared plans by looking at my bill closely and finding a provider with lower hourly charges. Switching was really easy and basically just involved signing up and making an account. And now my bills are much smaller.
Looking for solar or want to bundle gas with electricity?
Electricity plans specifically designed for households with solar panels installed can offer higher feed-in tariffs. And sometimes, bundling for utilities can result in discounts and other perks.
You can choose from one of the following electricity providers in Melbourne or elsewhere in VIC, though availability may vary depending on your postcode:
Electricity distributors in Victoria service different areas in the state as you can see from the table:
Electricity
Distributor
Network area
Jemena
North and north-western suburbs
CitiPower
Melbourne CBD and inner suburbs
AusNet Services
Outer northern and eastern suburbs and eastern Victoria
United Energy Distribution
Southern suburbs and the Mornington Peninsula
Powercor
Western Victoria, excluding all of Melbourne
No, solar energy plans in VIC are different to normal electricity plans. Usually, solar plans come with higher feed-in tariffs and often higher usage charges.
Which one you opt for will depend on your personal circumstances.
Mariam Gabaji is an editor and tech and utilities expert at Finder with over 11+ years of experience in print and digital media. Her main goal is to help households cut through the industry jargon and save money on their household bills. Her expertise is often featured in media including the ABC, Yahoo Finance, 9News, 7News, A Current Affair, The Guardian, SBS and Money Magazine.
Most Western Australia residents can't switch electricity providers but have a few options when it comes to gas. Find out if you can switch energy retailers.
Residents of the ACT have several electricity and gas providers to choose from.
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