Please note, GloBird Energy’s credit offering has since expired in Victoria. However, there are still several offers from competing retailers available.
To see these deals skip ahead.
Victorian households are becoming spoilt for choice when it comes to cheap electricity plans, as competition heats back up after a tumultuous period for the wholesale energy market.
A number of providers, including the likes of Energy Locals, AGL and EnergyAustralia, have made the move towards attractive sign-up credits for customers in the state. Selected retailers are offering households from $50 to over $200 off their power bills, according to Canstar Blue’s database.
In addition to this influx of electricity bill credits, a wave of price changes and the entrance of fixed-rate electricity provider, Nectr, has seen competition fire up for consumers.
It seems however, that no matter the changes, providers in Victoria stand no match for notoriously cheap provider GloBird Energy, which continues to dominate the price war in the state.
In its latest venture, the retailer is offering a $110 online sign-up credit across its Boost, GloSave, Green Light and GloGreen plans in Victoria. This is in addition to its previous $220 bill credit for its SureSave product for customers in the state.
The new $110 credit, paired with its usual low base rates, has seen GloBird Energy offering up to 20% off the Victorian Default Offer (VDO) across all five of Victoria’s distribution networks, making it the cheapest provider across the state.
GloBird Energy’s $110 sign-up credit is only applicable to new customers in Victoria, and will be applied as a one-off payment on customers’ sixth month of billing with the provider. Additional discounts may be available for paying on time or by direct debit though on select plans.
For the full terms and conditions on this offer it is best to visit the GloBird Energy website.
GloBird Energy Prices in Victoria
Here are the GloBird Energy plans on our database for VIC. These are products 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 are the hottest power deals in Victoria at the moment?
With a number of bill credits, cheaper rates and speciality offers on the cards, it seems now may be as good a time as any for Victorian households to compare power plans. But which providers should they be keeping an eye on for the best price and value?
Below, we’ve compiled five of the cheapest electricity deals currently on offer in Victoria with a quick rundown on what households can expect to receive. Please note, this comparison has been done using data for the CitiPower network in the Melbourne CBD and surrounds. For a comparison of prices or providers in other areas of Victoria, please refer to our free comparison tool for more details. Where a provider has more than one cheap plan available, we’ve listed the cheapest offer.
1. Lumo Energy – Basic
Coming in at the top is Lumo Energy with its Basic plan. This is a simple variable rate offer with no exit fees or lock-in contracts. Basic also waives connection and disconnection fees for Victorian customers, making it handy for those moving their home energy.
Here is Lumo Energy’s Basic plan on our database for VIC. 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.
2. 1st Energy – 1st Saver
1st Energy also offers a compelling deal to Victorian households with its 1st Saver offer. This plan comes with a 23% guaranteed discount off the electricity usage charges. The rates on this offer are variable and monthly billing is available.
Here is 1st Energy’s 1st Saver plan on our database for VIC. 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.
3. EnergyAustralia – Flexi Plan
EnergyAustralia has recaptured the attention of Victorian households, thanks to its recent addition of a $50 bill credit. This credit is awarded to new customers who sign-up online. Additionally, an 11% guaranteed whole bill discount makes this plan very attractive price-wise.
Here is EnergyAustralia’s Flexi Plan on our database for VIC. 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.
4. Nectr – 100% Clean
Another retailer making waves in the Victorian energy market is newly-arrived Nectr. Not only does the provider offer cheap base rates but it is also one of few to still offer fixed rate energy plans, post wholesale energy market mayhem. Despite only being in the state for about a month, the retailer has managed to land itself amongst the cheapest providers in the state.
Here is Nectr’s 100% Clean plan on our database for VIC. 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.
5. Momentum Energy – Nothing Fancy
Back in the big leagues is Momentum Energy with its Nothing Fancy offer. This is a variable rate offer with no lock-in contracts or exit fees. To be eligible for this offer however, customers will need to agree to e-billing and direct debit payments.
Here is Momentum Energy’s Nothing Fancy plan on our database for VIC. 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.
Image credit: Michael Leslie/Shutterstock.com
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