Expert Picks: Best Value Energy Plans VIC (Aug 2020)

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There has been a lot of confusing changes to the Victorian energy market over the years, including the way power companies advertise their products. This can make finding the right electricity plan a little difficult, especially when competition is already fierce. But with so many good deals becoming available, we cut out the annoying legwork to make your life easier.

This page contains some of the best electricity plans from energy providers in VIC on Canstar Blue’s database. Every month, our dedicated team of energy experts will update this page to show you a range of great deals.

When it comes to the ‘best’ energy plans in VIC, we try to be as objective as possible. Each of the best value plans are based on our expert methodology which assess many factors of a product and energy provider, such as price, features, customer service and billing. All of these aspects calculate what’s known as a ‘Value Score’, which varies from one to 10.

Our expert researchers have spent years crafting this methodology, giving you greater peace of mind when you’re on the hunt for a new energy deal. Here are the best value plans on our database for Victoria, including the best offers from the ‘big three’ power providers. Hit each link below to jump ahead to a suitable plan type.

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Best Energy Plans VIC August 2020

The pricing shown below is based on the Citipower network in Melbourne, VIC. This serves as a helpful guide but we’d encourage jumping into our energy comparison tool at the end of the page for an accurate quote in your area.

Overall Best Value Plan, Lumo Energy [Basic]

Value score: 8.7

Here is Lumo Energy’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower electricity network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • No lock in contract or exit fees
  • No credit card payment surcharges
  • Access to Lumo Rewards program with discounts on movie tickets, groceries and more

What to look out for: 

  • Energy rates are variable, meaning they can change at Lumo’s discretion
  • Connection fee applies
  • Average solar feed-in tariff

Best Value Fixed Rate Plan, Tango Energy [Home Select]

Value score: 8.4

Here is Tango Energy’s plan on our database for Victoria. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • Energy rates are fixed for 12 months
  • Monthly billing option
  • Competitive usage and supply rates

What to look out for:

  • After the 12-month benefit period, energy prices may increase
  • Minor processing surcharge for paper bills
  • Nominal solar feed-in tariff rate

Best Value Variable Rate Plan, Alinta Energy [Home Deal]

Value score: 8.7

Here is Alinta Energy’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower energy network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • No lock in contract or exit fees
  • No credit card payment surcharges
  • No confusing discounts or customer incentives

What to look out for: 

  • Energy rates are variable, meaning they can change in the future
  • No green energy options
  • Average solar feed-in tariff

Best Value Plan with Entertainment, Alinta Energy [Sports Pack]

Value score: 8.2

Here is Alinta Energy’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower energy network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • Includes a 12-month Kayo Basic subscription
  • No confusing discounts
  • Can opt for monthly billing

What to look out for:

  • Energy rates are not locked in over the 12-month benefit period
  • Must sign up through Kayo portal with a valid credit card to start streaming
  • Not very competitive energy rates

Best Value Plan with No Conditions, Alinta Energy [Home Deal]

Value score: 8.7

Here is Alinta Energy’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower electricity network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • No ambiguous discounting or bill credits
  • Highly competitive variable rates
  • Zero credit card payment fees

What to look out for:

  • Energy prices are not locked in
  • Unsubstantial feed-in tariff for solar customers
  • Only quarterly billing available

Best Value Pre-Paid Plan, Powershop [Shopper Market Offer]

Value score: 8.4

Here is Powershop’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • 10% discount for pre-purchasing 3 months of power with the Mega Pack
  • Monthly billing option available
  • No credit card fees

What to look out for:

  • Energy rates are variable, meaning they can change at Powershop’s discretion
  • Must pre-purchase power to receive discount off energy rates
  • Can be a confusing payment model for less tech savvy customers

Best Value AGL Plan [Essentials Saver]

Value score: 8.3

Here is AGL’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • Earn up to 5,000 flybuys points over 15 months for signing up online
  • Low usage and supply charges
  • Monthly and quarterly billing options

What to look out for:

  • Energy rates are not fixed and may change over time
  • Requires online sign-up to receive flybuys points
  • Credit card payment fees attached

Best Value Origin Plan [Max Saver – Online Special]

Value score: 8.1

Here is Origin’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • 11% guaranteed discount off whole bill for 12 months
  • GreenPower options for eco-conscious customers
  • No exit fees or lock in contracts

What to look out for:

  • Plan prices are not fixed
  • After a year, customers may not receive discount
  • Customers must sign up online and agree to direct debit bills

Best Value EnergyAustralia Plan [Total Plan Home]

Value score: 8.0

Here is EnergyAustralia’s plan on our database for Victoria. This is a product from a referral partner†. These costs are based on the Citipower energy network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Please use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.

What’s good about the plan:

  • Usage and supply charges are fixed for 12 months
  • 11% guaranteed discount off whole bill
  • Can bundle electricity with gas

What to look out for:

  • After 12 months, energy rates may change and discount may disappear
  • Some credit card payments charges apply
  • No monthly billing options

What to look for in an electricity plan

Best Energy Plans VIC

  1. Usage rates: Lower usage rates that cover the cost of using electricity (per kWh) and gas (per MJ)
  2. Supply charges: Competitive fixed daily fees for supplying your home with electricity or gas
  3. Discounts: Conditional or guaranteed discounts off your bills can help save on annual energy costs
  4. Bill credits: Like a discount but offers a credit off your bill, either as a standalone amount or ongoing
  5. Sign-up incentives: Access to rewards programs, frequent flyer points or entertainment services
  6. Fixed rates: Some plans comes with energy rates locked in for a set period meaning no rate rises
  7. Variable rates: Look out for low variable rates on plans but keep in mind they can change over time
  8. Customer service: Compare call centre hours and satisfaction ratings of energy providers
  9. Online tools and support: Does the company have an app and can you access your account online?

Our Value Score & Methodology Explained

Canstar Blue Value Score Rank 8.4
Canstar Blue Energy Comparison Value Score

This page breaks down the best value energy plans on our database for Victoria, but defining what we mean by ‘best’ can be a little confusing. With this in mind, we dig a little deeper than price alone as a deciding factor. Our expert methodology enables you to compare electricity plans based on our unique ‘Value Score’.

The Value Score is a rating (out of 10), containing a Price Score, as well as a Features Score. In assessing the Value Score, factors that are considered include:

Feature Score:

  • Billing & Payments
  • Customer Service & Support
  • Plan Flexibility

Price Score:

  • The estimated lowest price a representative customer would be charged in a year for this plan, using the Victorian Government’s annual reference consumption for domestic customers in your distribution region as shown at the top of the table and assuming all conditions of discounts offered (if any) have been met. If you have provided usage data from your electricity bill, the estimated annual amount payable for this plan will be based on your individual circumstances
  • The Price score includes applicable discounts assuming all conditions have been met
  • The Price score may factor in the VDO for your distribution region where you have not provided usage data from your electricity bill

Canstar Blue considers plan features most relevant to customers in the calculation of Value Score. However, not every feature is included in the Value Score, nor every feature that is relevant to you. For further details on how the Value Score works, you can read our methodology document here.

How we pick the best value plans

  1. Overall Best Value Plan: This plan is determined by what’s currently our top performing energy plan sorted by Value Score.
  2. Best Value Fixed Rate Plan: Our best-ranked plan as determined by our Value Score with fixed rates, meaning energy prices don’t change during the agreed period.
  3. Best Value Variable Rate Plan: The best value plan with energy rates that are variable, meaning prices are not fixed and are subject to change.
  4. Best Value Plan with Entertainment: This is an energy plan with the highest Value Score, which includes an additional entertainment feature or subscription.
  5. Best Value Plan with No Conditions: Our best value plan which has no conditional discounts, bill credits or similar. For example, it doesn’t require direct debit payment or similar.
  6. Best Value Pre-Paid Plan: This is our best value plan that has a pre-paid model, meaning customers pre-purchase electricity instead of receiving a bill.
  7. Best Value AGL Plan: The best value plan from AGL based on our Value Score.
  8. Best Value Origin Plan: The best value plan from Origin based on our Value Score.
  9. Best Value EnergyAustralia Plan: The best value plan from EnergyAustralia based on our Value Score.

In the event that two or more plans have the same value score in any given category, the cheapest option will be featured.

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