ECONNEX

Compare Energy Plans in Victoria and Take Control of Your Bills

Is your energy bill higher than expected? It might be time to explore new energy options. In Victoria, electricity providers offer a range of rates and plans. By comparing them, you can find one that better fits your household or business needs.

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    Access competitive electricity rates from retailers that comply with the Victorian Default Offer.

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    Compare energy plans based on your usage and postcode, ensuring transparency and clarity.

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    Switch plans easily with no hidden fees, ensuring you stay informed about potential savings.

Energy

Looking to compare just gas or electricity in Victoria? Choose your option below!

If you only need to Victorian compare gas or electricity plans, we've got you covered. Select the energy type you want to explore. Start comparing and see if you can save on your energy costs.

Compare Energy Prices Victoria

Compare Energy Costs in Victoria with our free, no-obligation service. Discover tailored plans from leading providers and explore options that suit your needs.

How It Works

You deserve to get a better deal on your energy plans. That’s why we’ve done all the hard work - so you don’t have to! Here’s how the Electricity Provider Comparison process works:

Compare

Enter your postcode and a few other quick details to start comparing local deals available in your area from our panel of retailers.

Switch

Pick the plan or service that suits your needs and sign up online without the hassle.

Save

See how much you can save by choosing a great-value plan that doesn’t compromise on quality.

Why Compare Electricity and Gas Plans in Victoria?

Wide Range of Plans

Victoria has one of the most competitive energy markets in Australia, offering numerous plans to suit different needs.

Tariff Options

If you have a smart meter, a Time of Use (TOU) tariff could save you money by offering lower rates during off-peak hours, especially if you work from home.

Discover Discounts

Many energy plans include time-limited discounts. If you haven’t reviewed your plan in a while, you could be missing out on new discounts or introductory offers by switching providers.

What Types of Electricity Plans Are There in Victoria?

When comparing electricity providers and plans in Victoria, it’s important to understand the two main types of plans: fixed rate and variable rate. These are the foundation for how you’ll be charged for electricity usage.

Fixed Rate Plans


Variable Rate Plans


Other Plan Features to Consider


How Does the Energy Market Work in Victoria?

Victoria operates a deregulated energy market, where electricity and gas retailers can set their own prices. This deregulation fosters competition, as more providers enter the market offering various energy plans. With increased competition, energy retailers often strive to offer more attractive pricing and features to win over customers. As a result, Victorian consumers have the opportunity to explore and compare a range of energy plans to find one that aligns with their household or business needs. By comparing electricity and gas plans in Victoria, you may find a provider offering better value or services that suit your energy usage and budget, helping you potentially reduce your energy bills.

Understanding Tariffs and Your Electricity Bill

In Victoria, your electricity bill is made up of two primary charges:

Fixed daily supply charges

Fixed daily supply charges from your regional distributor, which cover the cost of delivering electricity to your home.

Variable usage charges

Variable usage charges from your electricity retailer, based on how much electricity you use.

The tariffs applied to your plan play a key role in determining these charges and can help you manage your energy costs more effectively.

Types of Tariffs

When it comes to electricity billing in Victoria, tariffs play a key role alongside rates in determining your final cost. Here’s a breakdown of the most common tariffs you’ll encounter:

Single Rate Tariff


Time-of-Use Tariff


Controlled Load Tariff


Demand Tariff


Choosing the Right Tariff for You

The type of tariff that works best depends on your electricity usage habits and how you want your bill structured. When comparing electricity plans, consider not just the rates but also the tariff type, as this can impact how much you pay based on when and how you use electricity.

Discounts on Offer

When comparing electricity plans, consider the various discounts available, which can significantly affect your overall energy costs:

Conditional Discounts

These discounts apply when specific conditions are met, such as paying your bill on time. If these conditions are consistently met, conditional discounts can help reduce your overall bill.

Guaranteed Discounts

Guaranteed discounts are offered throughout the entire contract term, providing a predictable pricing structure without requiring you to meet additional conditions.

Compare Energy Plans in Victoria Now

Compare tariffs and discover new discounts for your household.

Rebates or Concessions in Victoria

While discounts can help reduce your energy bills, government-based rebates and concessions in Victoria offer additional savings, depending on your circumstances. Here are some key concessions you may be eligible for:

Annual Electricity Concession


Excess Electricity Concession


Life Support Concession


Medical Cooling Concession


These concessions are applied directly to your electricity bill and are available regardless of which energy retailer you choose. This means you can still compare and switch plans without losing access to the benefits provided by these government programs.

What is the Victorian Default Offer (VDO)?

The Victorian Default Offer (VDO) is a government-regulated standing offer set by the Essential Services Commission. It provides a straightforward and transparent electricity price option for Victorian households that may not actively compare energy plans or switch providers. The VDO ensures that consumers pay a fair price for electricity without the need to navigate complex market offers.

Key Features of the VDO:

Price Cap

The VDO acts as a cap on how much you can be charged for electricity, helping ensure you’re not overpaying. It covers the costs of generating and supplying electricity to your home.

Annual Updates

VDO prices are updated annually, with new rates effective from 1 July each year. Prices are determined based on typical usage and supply charges in your area.

Simplicity

The VDO offers a straightforward pricing structure without the extra perks or discounts that often come with competitive market offers. While it may not be the cheapest option, it provides predictable pricing for those who prefer simplicity.

Why Consider the VDO?

Even if you don’t choose the VDO, it serves as a useful benchmark when comparing electricity plans in Victoria. All electricity providers are required to display how their prices compare to the VDO, making it easier for consumers to identify whether a plan offers good value or is simply well-marketed.

The VDO offers a fair and consistent pricing option for those who prefer not to engage in the competitive energy market, while still allowing the flexibility to switch to cheaper, discounted plans offered by providers.

Switch and Save on Your Energy Bill

Explore competitive electricity and gas plans in Victoria.

Overview of Victorian Energy Distributors

Distributors are responsible for maintaining the infrastructure that delivers electricity and gas to your home. They manage powerlines, poles, pipes, and meters and handle outages or meter issues. It’s important to note that you cannot switch distributors, as they are assigned based on your location.

Electricity Distributors:

AusNet Services

Serves the outer northern and eastern suburbs, and eastern Victoria.

Citipower

Covers Melbourne City and inner suburbs.

Jemena

Provides service to northern and north-western suburbs.

Gas Distributors

AusNet Services

Serves western Melbourne City, western suburbs, and central/western Victoria.

Australian Gas Networks

Covers areas such as Merrifield, Mildura, Heathcote/Wandong Junction, and Koo Wee Rup.

Multinet

Provides service to southern and eastern Melbourne City, the inner suburbs, South Gippsland, and the Yarra Ranges.

Electricity Providers in Victoria

While distributors supply energy, electricity providers bill you for your usage. You can switch electricity providers, and Victoria has a wide selection of providers to choose from. Keep in mind that not all providers offer both electricity and gas, and we may not compare all available providers.

Electricity Providers in Victoria

1st Energy

AGL

Alinta Energy

This list is based on postcodes 3000 and 3220 as of February 2023. You can easily compare providers and their plans using our free comparison service.

Gas Providers in Victoria

In Victoria, some providers offer dual plans for both electricity and gas, while others offer them separately. Availability may vary depending on your location.

Gas Providers in Victoria

1st Energy

Alinta Energy

AGL

Compare, Switch, and Save on Your Energy Plan Today!

Explore competitive electricity and gas plans in Victoria with our transparent, Victoria energy comparison tool.

FAQs

Are there incentives to remain with my current energy retailer?


What discounts are available in Victoria?


Can I bundle electricity and gas for additional savings?


Are there any exit fees for early contract termination?


Can I earn from solar feed-in tariffs in Victoria?


What green-power renewable energy options are available?


Which electricity provider offers the cheapest electricity rates in Victoria?


Where can I compare electricity providers in Victoria?


What are solar feed-in tariffs and how do they work?


What are supply and usage charges on my electricity bill?


Is electricity expensive in Victoria?


How do I compare electricity rates and save money?


Are there any conditions attached to energy plan incentives?


How is energy charged in Victoria?