Compare VIC Electricity Providers

Advertisement

Canstar Blue’s review of Victorian electricity providers compares AGL, Alinta Energy, Dodo, EnergyAustralia, GloBird Energy, Lumo Energy, Momentum Energy, Origin, Powershop, Red Energy, Simply Energy and Tango Energy on tools & advice, bill & cost clarity, environmental sustainability, ease of sign-up, customer service, value for money and overall satisfaction.

See our Ratings Methodology.

Most Satisfied Customers | Powershop

Powershop has reclaimed top spot in this year’s ratings, taking out the title of best electricity provider in Victoria. Powershop achieved five stars for overall satisfaction, environmental sustainability and online tools & advice, while it took out four stars in most other research categories, like customer service and value for money.

Powershop logo

 

Fact Checked Fact Checked

Powershop remains the best-rated electricity provider in Victoria

If you live in Melbourne, you can hardly walk around the corner without seeing some form of advertising from a power company. Victoria is the most competitive electricity market in Australia, and the retailers are desperate for your business – hence all those TV, radio and even billboard ads! This competition is good for consumers who like to shop around for the next best deal, but it can also make things seem extremely confusing. With so many providers available – and so many sales pitches to work through – how are you going to find the right deal for you? Canstar Blue’s customer satisfaction review and ratings helps you cut through the noise and find out which brands are really doing a good job by their customers with regards to the service and tools they provide, as well as the value for money they offer.

This year, over 2,100 electricity bill-payers in Melbourne and across Victoria have had their say on their power companies of choice, which have been rated on factors including bill & cost clarity, tools & advice, customer service and value for money. With so much competition between retailers, the idea is to give you as much information as possible about the 12 brands compared, as well as the others that operate in the state, to help you make the best decision for your needs. If you’ve always been with one of the ‘big three’ energy companies – AGL, Origin and EnergyAustralia – you may find these results particularly interesting given the research highlights a notable divide in satisfaction between customers of the big and some smaller providers. All the details to follow.

VIC Electricity Deals

Here are some sponsored deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 and to see other products in our database that may be available. 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.

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 and to see other products in our database that may be available. 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.

Best VIC Electricity Providers

Powershop logo

Here are the best energy providers in Victoria as rated by customers in Canstar Blue’s latest satisfaction survey:

  1. Powershop
  2. Tango Energy
  3. Red Energy
  4. Lumo Energy
  5. Momentum Energy
  6. GloBird Energy
  7. Dodo
  8. Alinta Energy
  9. EnergyAustralia
  10. Simply Energy
  11. AGL
  12. Origin Energy

Powershop has made it two years in a row and five years out of six as the best electricity provider in Victoria. Powershop’s prepaid-style to energy retail was once a standout feature, but now its simplified approach is clearly going down well with customers in the Melbourne area, as is its focus on renewables. Powershop was the only provider to score five stars for overall satisfaction this year, in addition to online tools & advice and environmental sustainability.

One-time winner Tango Energy still performed very well this year, rated in second place with four stars for overall satisfaction, with Red Energy, Lumo Energy, Momentum Energy, GloBird Energy, Dodo and Alinta Energy earning four stars overall. It was three stars overall for EnergyAustralia, Simply Energy, AGL and Origin.

Read on as we explain everything you need to know about electricity providers across the state, and how to get a better deal from them. But first, why not compare plans in our comparison tool below, or read on for a selection of the cheapest published deals on our database.

VIC Electricity Plans

Here are some of the cheapest published deals from the retailers on our database that include a link to the retailer’s website for further details. These are products from referral partners†. 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 and to see other products in our database that may be available. 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. The next three tabs feature products exclusively from AGL, EnergyAustralia and Origin.

Here are the AGL Energy plans on our database for Victoria. 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 and to see other products in our database that may be available. 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.

Here are the EnergyAustralia plans on our database for Victoria. 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 and to see other products in our database that may be available. 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.

Here are the Origin Energy plans on our database for Victoria. These are products 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 and to see other products in our database that may be available. 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.

VIC Electricity Providers

Powershop

As well as competitive prices, Powershop focuses on offering customers the helpful tools they need to monitor and act on their power usage, including an online platform and smartphone app. Once a provider allowing customers to pre-purchase energy, Powershop now offers a simplified approach to billing. Powershop is owned by Meridian Energy – one of New Zealand’s biggest generators and retailers – and has a reputation for being a cheeky alternative to the more established companies – regularly poking fun at ‘traditional’ retailer behaviour. But it has a serious side – especially when it comes to renewables, ranked the Greenest Energy Company in Australia by Greenpeace. When it comes to its plans, Powershop offers reasonable rates, which includes 100 per cent of usage carbon offset at no extra cost.

  • Powershop came in first place again this year, scoring an impressive five stars for overall satisfaction, environmental sustainability and online tools & advice. It got four stars for value for money, customer service, bill & cost clarity and ease of sign-up.

Tango Energy

Tango Energy is a Melbourne-based provider and the retail arm of renewable power generation company Pacific Hydro. Tango Energy was previously branded Pacific Hydro, but its name was changed in 2018. Founded in 1992, the company was acquired by China’s State Power Investment Corporation after being floated on the ASX in 2016. When it comes to its presence in Australia, Tango primarily operates in Victoria with two market offers. The first plan comes with fixed rates for 12 months so customers are protected from increasing costs in the short term. It does not include any conditional discounts, just competitive rates. The second is much the same, with the added bonus for 100% GreenPower to your plan. Tango Energy is generally up there with the cheapest companies and its back-to-basics approach has made it a hit with locals.

  • In just its third year in our Victoria electricity provider ratings, Tango Energy has achieved five stars for its value for money and bill & cost clarity. It scored four stars for overall satisfaction, customer service, online tools & advice and ease of sign-up. It earned just three stars for environmental sustainability.

Red Energy

The highest-rated electricity provider in our NSW comparison, Red Energy keeps things fairly simple with three market offers for prospective customers to consider. The retailer’s biggest selling point is its partnership with Qantas as two plans come with the added benefit of Qantas Frequent Flyer points upon sign up and for paying on time. Red Energy’s traditional offer comes variable rates, with the Qantas deal including throwing in two points for every $1 spent on bills. All plans come no contract term or exit fees. Its standard plan also comes with access to Red Energy Rewards, the retailer’s exclusive rewards program that can deliver discounts on various social activities, such as movie tickets, hotels and numerous other attractions. Like Lumo Energy, Red is owned by renewables company Snowy Hydro.

  • Red Energy earned four stars for overall satisfaction this year, as well as value for money, bill & cost clarity and environmental sustainability. It was the only retailer to take out five stars for customer service. Red Energy also received a five star review for ease of sign-up.

Lumo Energy

Lumo Energy offers Victorians a diverse range of products, including a deal targeted at renters who often move home – as it waives connection and reconnection fees – and a basic offering with no sign-up incentives or conditional discounts. All Lumo plans have variable rates, with the exception of one that allows customers to lock in rates for a minimum of 12 months until August 2022. Another big draw to Lumo is its rewards program, Lumo Ameego. With this, customers redeem discounts on a range of social activities such as movie tickets, gift cards, eating out and hotels. Lumo Energy may not be the best-rated in this review, but it has historically ranked very well in our annual review of SA electricity providers.

  • The fourth best-rated provider in our latest VIC comparison, Lumo Energy recorded a mixed bag of reviews across all research categories. Lumo Energy scored four stars for overall satisfaction, value for money and bill & cost clarity, while it earned five stars for ease of sign-up. It only managed three stars for customer service, online tools & advice and environmental sustainability.

Momentum Energy

Owned by Hydro Tasmania, Momentum Energy is a champion of renewable generation and was one of the first retailers to make moves to help simplify the retail market in Australia by keeping its products free from conditional discounts in an industry where the biggest discounts didn’t always mean the biggest savings – and sticking to all the conditions can prove tricky. Melbourne-based, Momentum Energy markets itself as the brand with great rates but no confusing discounts. Momentum has four residential market offers with varying rates but no exit fees. These include a plan targeted at renters who often move home, plus one of few solar-specific deals in Victoria that has a seemingly generous feed-in tariff. This approach seems to have its fans, with Momentum  rating consistently well in our ratings over the years.

  • Taking fifth place in our latest review of Victorian electricity providers, Momentum Energy was rated four stars across most research categories. This includes variables such as value for money and customer service. It did, however, score five stars for ease of sign-up, but three stars for online tools & advice.

GloBird Energy

GloBird Energy has emerged as one of the main ‘second tier’ challengers to the state’s power giants, AGL, Origin and EnergyAustralia. While some retailers promote their green credentials, helpful tools, or great customer service, GloBird is all about promoting cheap prices and big savings. It mainly does this through conditional discounts, but GloBird has also become one of several retailers to launch an offer with low base rates, rather than relying on headline-grabbing discounts to bring costs down. In addition to supplying electricity, GloBird is also now a natural gas retailer in the state and recently launched in NSW, QLD and SA for the first time. Claimed to be 100% Australian-owned, GloBird is often one of the cheapest brands around.

  • GloBird Energy has performed reasonably well in this year’s report, earning a few four-star ratings – notably for its bill & cost clarity, ease of sign-up and overall satisfaction. While it did score five stars for value for money, the retailer only received three stars for customer service, as well as two stars for online tools & advice and environmental sustainability.

Dodo

Perhaps best-known as a phone and internet provider, Dodo completes the set of home services by also selling power and natural gas. A fairly no-frills retailer, Dodo operates with a single variable rate market offer, usually competitively-priced. This is a no contract agreement, with no exit fees. But Dodo would rather have you sign up for multiple services, claiming notable savings for those who buy their power and internet together. The Dodo brand is owned by Vocus Communications – the company behind lots of other phone and internet companies, including iPrimus. Dodo’s main selling point is that customers have the convenience of dealing with the same company for all of their home services. The problem is that it becomes harder to compare plans when you start bundling them together.

  • Dodo has moved down the ranks this year, scoring four stars for value for money, online tools & advice and overall satisfaction. Dodo fell short on three stars in all other areas, including customer service, ease of sign-up, bill & cost clarity and environmental sustainability.

Alinta Energy

Alinta Energy is one of the largest dual fuel providers in the southern states of Australia, as well as a major gas supplier in Western Australia. It is also now partnered with the Queensland government to supply homes in the Brisbane area. The retailer is headquartered in Sydney and has a strong presence in Perth, but is now owned by a Hong Kong-based conglomerate company. When it comes to Victoria, Alinta has two market offers, both of which come with no conditional discounts. The retailer also has its own rewards program, bringing savings on various activities such as movie tickets and eating out.

  • Alinta Energy has been ranked eighth in this year’s electricity comparison. It achieved four stars for value for money and overall satisfaction, with three stars across all other research categories, including online tools & advice and environmental sustainability.

EnergyAustralia

The best-rated of the big three retailers in Victoria, EnergyAustralia provides a fairly concise range of products, including two fixed rates deal that see prices locked in for 12 months. Rates vary between the plans and one includes a modest guaranteed discount applied to the whole bill. There is a third plan with no discounts or incentives which comes with VDO pricing. All this marks a notable change for EnergyAustralia which previously offered up to five different market offers in the state, including some large conditional discounts which expired after a year or two. This changed when new industry regulations took effect. All EnergyAustralia plans are said to be carbon neutral for customers who opt in (you’ll need to check the EA website for details). The company helpfully publishes estimated monthly costs for all its plans online so you’ll have an idea of what you’ll pay before signing up.

  • EnergyAustralia was ranked ninth in our latest VIC electricity review, scoring a mix of three and four stars across the board. It achieved four stars for customer service, environmental sustainability, ease of sign-up and online tools & advice, but just three stars for overall satisfaction, value for money and bill & cost clarity.

Simply Energy

Simply Energy is typically a price-competitive brand, offering a range of unique products to choose from. The company is now owned by French utilities giant Engie, but remains based in Melbourne where it offers a couple of price effective plans with unconditional discounts attached. Simply Energy’s main selling point is value-add incentives, where customers can choose to sign up to a plan that offers extras they might be interested in. One of its most attractive options in recent years is its special offer for movie fans, bringing free tickets throughout the year. However, this deal is not always available. All plans come with variable rates but no lock-in contracts.

  • Coming in third-last in our VIC electricity provider ratings this year, Simply Energy rated three stars for overall satisfaction, value for money, customer service, bill & cost clarity, ease of sign-up and environmental sustainability. It got four stars for online tools & advice.

AGL

Like Origin, utilities giant AGL has undertaken a major review of its plans since the introduction of the VDO, with a move away from conditional discounts, replaced by sign-up incentives instead. AGL’s offers are now the Essentials Plus and Basics, one of which has fixed rates for 24 months, the other variable. This plan comes with access to AGL Rewards, the retailer’s loyalty program that delivers various value-add benefits. AGL is also one of few retailers to offer specific deals for seniors.

  • In our Victoria electricity provider ratings, AGL received three stars for overall satisfaction, value for money, customer service, bill & cost clarity, ease of sign-up and environmental sustainability. It only achieved four stars for online tools & advice.

Origin Energy

Origin Energy has perhaps seen the biggest changes following the industry changes that took effect from July 2019. Previously offering one of the most diverse product ranges around, including large conditional discounts that expired after a year, Origin now promotes a much easier to understand line-up of plans, with no conditional discounts to be found. The first of these is its basic plan with VDO pricing, while the other two bring modest savings off the VDO. Both coming with no contract terms or exit fees. Despite changes to its product range, many Origin customers will still be on one of its now retired plans. If you don’t recognise the plans listed here, it might be worth giving Origin a call to discuss your options.

  • Ranked last in our VIC comparison, Origin earned three stars for overall satisfaction and all other research categories with the exception of four stars when it came to online tools & advice.

Market offers vs standing offers

In addition to the market offers mentioned above, all retailers have standard electricity contracts. In Victoria, these are also known as the Victorian Default Offer (VDO). As the name suggests, these are ‘default’ power plans that customers may be on if they’ve never switched companies, or haven’t moved onto a new deal for several years. Standard contracts are usually more expensive than the cheapest market offers.

Who is the cheapest electricity provider in Victoria?

ReAmped Energy, GloBird Energy, OVO Energy and Powerclub are consistently some of the cheapest electricity companies in Victoria. Nevertheless, it’s best to frequently compare retailers as electricity prices change all the time given there are more than 25 brands to choose from.

Aside from which supplier is cheapest, it’s also important to look into other features like customer service, billing options and rewards programs. Although cheaper prices will generally sway most Victorians when making a purchase decision, don’t discount the energy providers that will go the extra mile for your business.

How to compare electricity providers in Melbourne

You can compare energy providers in your area by using our free comparison tool. Simply type in your postcode or suburb and hit the compare button. From here you’ll be able to view a range of suppliers in your specific region with prices reflecting the appropriate yearly usage amounts according to the relevant distribution zone.

The Canstar Blue electricity comparison tool is easy to use and does not require a phone number. You may also wish to input some details from a previous power bill for a more specific comparison based on your household’s general usage. Our tool allows you to sort deals by brand, plan name, price, value score and more.

How to switch energy suppliers

Once you’ve compared prices, plans and suppliers in our comparison tool, click on the product that’s best suited to your personal circumstances. You will then be directed to your chosen retailer’s website where you will be required to enter some of your details. Your new retailer should provide details about what happens next in terms of account management.

Remember that each power company handles the switching process differently, so don’t forget to review all the terms and conditions from both companies before making the switch. These can be found via the energy price fact sheets which all retailers must provide.

How long does it take to switch electricity providers in Victoria?

It will normally take about 30 days to switch energy providers in Victoria, however the timeframe will depend on when your existing retailer carries out a final meter reading on your premises. This may take a couple of days or it could take up to three months before your new company takes over your account.

It’s important to know that the retailer you’re looking to switch to will usually update you once your account has been successfully transferred. Also, you can expect a final bill from your old retailer which will still need to be settled.

About the author of this page

Jared Mullane

This page was written and is regularly updated by Canstar Blue’s Energy Editor, Jared Mullane. He’s an expert in all things utilities, including electricity, gas and water, helping to make complicated subjects easier to understand for consumers. A trained journalist, Jared is usually one of the first to break energy-related news, whether it’s the latest changes in the industry, price movements, or the next best deal you need to know about.

Compare VIC Gas Suppliers

Frequently Asked Questions

How to get the best electricity deal

There is no simple answer to this question because it depends on a multitude of factors, from the type of contract you have, to your discount, electricity tariffs, and where you live. But to give you an idea of where to find the cheapest rates in Victoria, Canstar Blue has a cost comparison page, showing plans from the providers mentioned in this report. Being the cheapest provider doesn’t automatically make them the ‘best’, but if it’s purely the bottom line you are concerned about, be sure to check out the details. Also be sure to use our comparison tool for specific offers in your area.

Questions to ask before signing up to a new plan

This report offers lots of information to help you make a better-informed decision about your electricity supply, so now it’s up to you to compare providers and plans. To make sure that you get a better deal, be sure to consider and ask the following questions:

  • What type of electricity contract is it? (e.g. VDO or market contract)
  • What are the supply and usage rates? (How much are you paying per kWh?)
  • What different tariff options are available and how do the charges vary?
  • What percentage discount is offered and what are the conditions?
  • What rewards programs or other sign-up incentives are available?
  • Can you add a controlled load (dedicated circuit) for water heating?

You will find the answers to these questions and more in the energy price fact sheets of each provider you compare. However, these documents can be quite difficult to understand, so don’t be afraid to pick up the phone and get the answers you need. It’s also a good idea to contact your existing provider and ask if your current deal is the best they can offer. And remember that the retailers should be working hard to keep you happy, so if you’re not completely satisfied with the price you’re paying or the servicing you’re receiving, you now know what you can do about it.

VIC Electricity Providers

Here is a complete list of energy providers in Victoria.

  • AGL
  • Alinta Energy
  • Amber Electric
  • CovaU
  • Diamond Energy
  • Discover Energy
  • Dodo
  • Elysian Energy
  • EnergyAustralia
  • Energy Locals
  • GloBird Energy
  • Kogan Energy
  • Lumo Energy
  • Momentum Energy
  • Origin Energy
  • OVO Energy
  • People Energy
  • Powerclub
  • Powerdirect
  • Powershop
  • QEnergy
  • ReAmped Energy
  • Red Energy
  • Simply Energy
  • Sumo
  • Tango Energy
  • 1st Energy

There are five electricity distribution networks in Victoria, with numerous energy providers operating throughout. Canstar Blue’s electricity comparison tool includes pricing from all of these providers. Here are the electricity provider ratings from 2019:

list of vic electricity providers in 2020

Other VIC Energy Providers

Here are the other brands operating throughout the state which did not qualify for our annual review of VIC electricity providers.

Amber Electric

Amber Electric is a new electricity provider, currently retailing across NSW, VIC, QLD and SA. It brings one plan to Victoria, where usage charges are claimed to be charged at the wholesale price. The only catch is that in order to give its customers access to these wholesale rates, Amber Electric is charging a monthly subscription fee, which it says is absorbed into the daily supply charge.

CovaU

CovaU retails electricity and natural gas to households in Victoria and NSW. This provider’s plans vary between states, and in Victoria you’ll find one market offer and a solar offering for those with solar panels. On both of these plans you can expect to see a seemingly generous  discount that applies to the usage charges, but is only applied the first year you’re on the plan. CovaU also has a rewards program, offering various discounts and savings with certain retailers and attractions.

Diamond Energy

Diamond Energy is a relatively small, solar-focused retailer that places a large emphasis on supporting renewable energy generation. It operates in VIC, NSW, QLD and SA. It has been ranked the second most ‘green’ electricity company in Greenpeace’s latest Green Electricity Guide, perhaps in part due to its ownership of renewable assets. In Victoria you can find one electricity market offer available from Diamond Energy, that comes with a discount when you pay on time, by direct debit and receive email bills, which applies for a total of two years.

Discover Energy

A new entrant to Victoria is Discover Energy, a company offering bill-payers one plan that comes with decent rates and a guaranteed discount off usage charges that’s ongoing. This retailer has no exit fees or lock-in contracts, and is partnered with solar installers. It also claims to specialise in “smart solar” solutions as well as being a greener energy company.

Elysian Energy

Elysian Energy is offering a fairly unique approach to energy retail, whereby customers pay a monthly fixed rate for their electricity depending on estimated usage needs. Its plans come with no discounts or headline incentives, instead, claiming to offer “consistently low prices”. Elysian Energy is offering four different energy plans based on varying household energy usage needs, whereby if you don’t use all power that’s available, the remaining will roll over into the next month.

Energy Locals

Energy Locals is relatively new to the Victorian market, but is taking giant leaps as a small retailer, supplying power to homes and businesses. What makes Energy Locals a little different is that asides from being an energy company, it is also a social enterprise. Energy Locals currently has two market offers available to customers in Victoria, both of which are relatively competitive in terms of its usage and supply rates. One of the plans gives customers access to wholesale rates for a monthly membership fee.

Kogan Energy

Online retail giant, Kogan, has entered the energy market by way of its partnership with established retailer, Powershop. Kogan is currently available in Victoria, New South Wales, south east Queensland and South Australia, offering one plan fittingly called ‘Market Offer’. Kogan Energy has a helpful app which allows customers to pay bills and check power usage, as well as other useful insights. With such a renowned name in the retail space, Kogan Energy aims to “flip the switch on amazing value” in the energy world.

OVO Energy

OVO Energy first tested the water in NSW, QLD and SA, but has now set up shop in Victoria. Like many challenger brands in VIC, OVO Energy brings just one plan with competitive rates and no confusing discounts or bill credits. OVO’s billing method is a little different to other retailers, where customers who sign up to its plan agree to bill smoothing by default, meaning that households pay the same amount for electricity every month.

People Energy

Melbourne-based People Energy currently only has residential market offers in Victoria, with just standard contracts available in NSW and Queensland. This retailer frames itself as a ‘customer focused’ retailer, and offers what it calls ‘competitive pricing’. Despite these claims, People Energy is currently offering just one electricity plan in Victoria, with rates equal to the Victorian Default Offer.

Powerclub

Powerclub is an emerging retailer that is offering electricity in a different way from the norm. Instead of just laying down plans with predetermined rates, customers will gain access to wholesale prices for the cost of an annual fee. Victorians who are interested in Powerclub will likely be better off having a smart meter installed on their premises, though it’s not strictly necessary. To prevent bill shock, Powerclub also has in place a ‘Powerbank’, from which customers pay a deposit to ensure coverage in case of unpredictable wholesale rate spikes.

Powerdirect

Powerdirect is backed by AGL, and is offering energy plans in Victoria, NSW, Queensland and South Australia. Like other providers, Powerdirect has historically been known to offer energy to business customers only, but has expanded to provide residential electricity as well. In Victoria, customers will also have fixed rates for 12 months, meaning prices won’t change during this period.

QEnergy

QEnergy follows of a slew of electricity retailers trying to ‘simplify’ the residential energy market by offering plans with no conditional discounts. The retailer currently operates in Victoria, NSW, Queensland and South Australia, but is perhaps better known for its business energy offerings. In Victoria you can expect to see one market offer that, as mentioned, provides no discount and variable rates.

ReAmped Energy

Starting off in the other eastern states, ReAmped has officially arrived in VIC, bringing its low-rate deals to households. ReAmped Energy is best known as one of the cheapest retailers on the market, and consistently undercuts rivals on price – a win for customers! It does, however, operate as an online business, so Victorians will have to communicate digitally.

Sumo

Sumo has emerged within Victoria and NSW as a residential energy retailer that is also an NBN provider. Due to this, you can expect bundled products to service your home, with additional bill credits often available for choosing this option. In Victoria specifically, Sumo offers both electricity and gas plans. Sumo also provides a basic fixed rate electricity plan for those who want to keep it simple.

1st Energy

1st Energy calls itself a ‘customer focused’ retailer that offers prices that “actually reflect the real cost of doing business”. It’s offering plans in Victoria, NSW, QLD, and even Tasmania. It is the first provider to move into Tasmania, challenging the monopoly of state-owned Aurora Energy. Within Victoria, 1st Energy is offering one market plan that comes with a large pay on time discount off just usage charges, rather than the whole bill.

About the Victorian Electricity Market

About Victorian Electricity Market

Victoria is a hugely competitive market for the electricity providers – it’s where many invest the majority of their time, effort and money in order to attract new customers. This is important to know because it means that you have the power to find a better deal – provided that you’re willing to do your research and shop around. This hasn’t happened by chance or overnight. Victoria was the first Australian state to completely remove electricity price regulations in 2009, which means the energy companies are free to set their own plans and prices, with minimal legislative interference under the introduction of the VDO in 2019. Households had been able to switch providers since several years earlier, but there was little financial incentive to do so at the time.

With a fully deregulated electricity market, Victorians now have a huge range of different providers, plans and other incentives to choose from. However, with all this choice can come confusion and there is little doubt that the prospect of picking an electricity provider is a daunting one for a great many households, which is why many will still be paying more for power than they need to. The price of electricity has risen significantly in recent years, blamed in part on the closure of the Hazelwood Power Plant in Victoria back in 2017, leading many to question whether or not deregulation has been good for consumers or not. That debate will continue, but for now the key to cutting energy costs is first understanding your options – and then acting on them.

Big changes to Victorian Energy Market

The Victorian energy market went through a significant change in July 2019 when tough new regulations took effect, designed to cut prices, as well as make comparing plans easier. After years of big, often dodgy discounts, retailers must now compare their discounted products to a ‘level playing field’ price called the Victorian Default Offer. The idea is that, unlike before, there is now a consistent price from which plans are compared, meaning you can have greater confidence that the plans boasting the biggest savings genuinely deliver them. At the same time, the Victorian Default Offer (VDO) acts as a price cap for customers who were previously paying the highest prices on standing offers. These customers have now been switched onto the cheaper VDO price and will be saving hundreds of dollars a year. That said, there are still many plans cheaper than the VDO, so shopping around for the best deal is still hugely important.

Victoria Electricity Generation & Power Stations

Victoria currently has three coal-fired power stations in operation in the Latrobe Valley, Yallourn (owned by EnergyAustralia) and Loy Yang A and B (owned by AGL). The Loy Yang power stations alone are said to power approximately 30% of Victoria’s electricity generation, although all three plants are scheduled to close in the next 20-30 years.

The Hazelwood Power Station (majority owned by Engie, the company behind retailer Simply Energy) was previously supplying around a quarter of Victoria’s base load electricity before it was closed in 2017. This means the state is now heavily reliant on its numerous gas turbine and reciprocating power stations, but with the coal-fired plants getting older and becoming less reliable, Victorians are susceptible to blackouts during periods of high demand when power reserve are stretched to the limit. In fact, more than 200,000 people were left without electricity in January 2019 as Melbourne sweltered through a 42-degree day and two of the three coal-fired plants failed.

Victoria is also home to more than a dozen solar farms, wind farms and hydroelectric power generation systems, though these can currently only meet a small percentage of the state’s overall energy demands.

Do energy providers offer the same prices across VIC?

Victoria Electricity Distribution Networks

The other factor that could impact the size of your next bill is where you live. Victoria has five different electricity distribution networks and the cost of supplying power to your home can be different depending on which network you live on. While electricity retailers are the customer-facing business, it’s the distributors who manage the infrastructure (i.e. poles and wires) that transports energy to your living room. The five electricity distributors in Victoria are:

  • Citipower – servicing Melbourne city and inner suburbs
  • Jemena – servicing northern and south-western suburbs
  • Powercor Australia – servicing western suburbs and western Victoria
  • AusNet Services – servicing outer northern and eastern suburbs, plus eastern Victoria
  • United Energy Distribution – servicing southern suburbs and Mornington Peninsula

As the retailers pass on distributor costs to their customers, the suburb you live in will impact your energy costs. For example, an Origin customer living in north Melbourne would pay a different rate to an Origin customer in south Melbourne, even if they have the same product and identical usage habits. Distributor costs can account for up to 50% of your overall bill. If you are a home owner, there is nothing you can do about this, but if you are renting a home or considering where to buy, this is worth looking into. Choosing one suburb over another could save you hundreds of dollars a year in energy costs.

Who pays the most (and least) for energy in Victoria?

Given that distribution costs are passed on to the electricity providers, who then pass the costs onto their customers, it makes sense that households in the most hard-to-reach places will pay the most for power as there are more poles and wires involved in transmitting the energy to them. This is the case in Victoria where electricity customers in central parts of Melbourne (on the Citipower network) generally pay lower rates than those who live on the Powercor and AusNet networks which huge parts of regional Victoria.

To illustrate how location impacts the cost of electricity across the five distribution networks in Victoria, Canstar Blue’s electricity database listed the following prices as the cheapest deals on each network as of March 2021. These annual costs are based on assumptions set by the Essential Services Commission.

Electricity Network Annual Electricity Bill
Citipower $1,034
United Energy $1,044
Jemena $1,095
Powercor $1,119
AusNet $1,218

Source: Canstar Blue electricity database March 2021.

As you can see, living in one part of Victoria could see you paying hundreds of dollars a year more than an equivalent household in another part of the state, even with the same retailer. And keep in mind that it’s not only those way out in regional Victoria that pay the highest prices – as a provider’s rates are consistent across each network, you could live on the Powercor or AusNet network in an outer suburb of Melbourne and pay significantly more than your friends in a neighbouring suburb.

Electricity Contracts in Victoria

Victoria Electricity Contracts

There are two types of electricity contracts that a household in Victoria could be on – the Victorian Default Offer (VDO) or a market contract. Knowing which type you have is the first step to saving money.

  • Victorian Default Offer: Introduced in July 2019, the Victorian Default Offer (VDO) has replaced standing offers as the most expensive contract that a customer who does not engage in the market can be on. The price of the VDO is determined by the Essential Services Commission (ESC) and is consistent across all retailers, unlike the previous standing offers. The introduction of the VDO saw customers on standing offers automatically switched onto the VDO price, saving many households hundreds of dollars a year.
  • Market contracts: These are contracts set almost entirely by the energy retailers. They come with varying contract lengths, conditional discounts, benefit periods and fees. These are the plans that are heavily promoted by the retailers and can provide the opportunity for customers to cut costs, as long as they stick to the conditions. However, retailers must meet certain industry rules relating to how their market offers are promoted, including the fact that plans with discounts must be compared to the VDO, which also cats as a reference price for consumers to compare all plans.

It’s estimated that about one in ten households in Victoria were switched from a standing offer onto the VDO in July 2019. But while the VDO price is certainly much less than these people would previously have paid for power, Canstar Blue’s electricity database shows that customers could still save hundreds of dollars a year by switching from the VDO onto one of the cheapest market contracts, even with the same retailer. The VDO is designed to be a “fair” price for power, but that doesn’t mean you should settle for it.

Electricity Charges in Victoria

Market electricity offers in Victoria come in all sorts of shapes and sizes, but they all include two major costs – supply charges and usage charges.

  • Supply charges: These are costs that households incur simply for being connected to the energy grid. Supply charges in Victoria typically cost around $1-$1.20 per day and remain the same every day no matter how much energy you use.
  • Usage charges: These are the rates you’ll pay for actual electricity usage. Depending on different tariffs (which we’ll come to shortly), usage charges can vary considerably. General usage charges in Victoria can cost anywhere from 16 to 34 cents per kWh.

It’s important to look at both of these rates when comparing energy plans, but large households should pay particular attention to usage rates, while smaller households with modest energy usage should look for plans with lower daily supply costs as these will make up a higher proportion of overall costs.

Electricity Tariffs in Victoria

Victoria Electricity Tariffs

Energy tariffs are often the cause of confusion for customers, but once you know what they are and how they work, you will realise they could present an opportunity to save on bills. Put simply, ‘tariffs’ relate to the pricing structure of your energy plan, with different usage charges applying based on when you use power. Tariffs available in Victoria broadly fall into two categories:

Single Rate Tariffs

If you have a single rate tariff, you will pay the same usage charges no matter what time of day you use power – so the cost of using air conditioning, for example, will be the same whether it’s used in the early evening (peak times) or in the middle of the night (off-peak times). You might also see a single rate tariff referred to as a ‘general rate’ or ‘peak tariff’ as all electricity usage is effectively charged at peak rates.

Time of Use Tariffs

If you have a time of use tariff (also known as ‘flexible pricing’), you’ll be charged different electricity rates depending on when you use power. These rates are usually split into three categories, although the exact times in which they apply can vary between electricity distribution networks.

  • Peak: These rates usually apply from the early afternoon until the late evening (e.g. 2pm-8pm). The most expensive rates you will pay, these charges can cost up to and over 50 cents per kWh.
  • Off-peak: These rates apply from the late evening until the early morning (e.g. overnight from 10pm-7am) and at weekends. These charges typically cost less than 25 cents per kWh.
  • Shoulder: These rates apply at all other times of day (e.g. late morning until early afternoon). Cheaper than peak rates but more expensive than off-peak rates, expect to pay around 26-32 cents per kWh.

Time of use energy tariffs are only available if your property has a smart meter. As the majority of homes in Victoria now have smart meters installed, flexible pricing is very common and can be helpful in reducing energy costs, particularly if you generally use power at off-peak times. However, picking the wrong tariff for your usage habits could prove a costly mistake. Demand tariffs – which apply an additional charge to reflect a household’s peak time usage – are also now available in Victoria.

Controlled Load Tariffs

In addition to single rate and time of use tariffs, households in Melbourne and other parts of Victoria can also benefit from a controlled load tariff (also called a dedicated circuit). A controlled load tariff is a dedicated metering connection that allows households to pay for high-usage appliances, such as hot water systems, at a cheaper rate. A dedicated circuit is usually only applied to electric water heaters, but with more than one circuit, households can also apply them to pool pumps. Controlled load tariffs are much cheaper than other charges, usually less than 25 cents per kWh. The drawback is that power will only be supplied for a few hours each day (i.e. enough time to heat water for the day or to clean your pool).

Electricity Plans in Victoria

Victoria Electricity Plans

With more than 25 electricity providers competing in Victoria, you won’t be surprised to learn that there is a huge range of different plans to pick from, often differentiated by the conditional discounts and any other incentives on offer. These plans broadly fall into two categories – those which have variable rates and those with fixed rates.

  • Variables rate plans: Much like having a variable rate home loan, electricity plans have variable rate usage and supply charges. This means that your provider could change the prices that you pay for electricity usage and supply at any time, as long as they give you prior notice. However, variable rate plans generally have cheaper rates than fixed rate plans.
  • Fixed rate plans: If you don’t like the idea of prices changing at short notice, some energy companies have fixed rate plans. With these, you effectively lock-in supply and usage charges for a set period, usually one or two years. This means that you pay the same rates for the life of your contract, but this added convenience can come at a higher price – much like fixed rate home loans.

The vast majority of electricity plans in Victoria come with variables rates. Fixed rate plans were once only offered by the big three, AGL, EnergyAustralia and Origin, though nowadays you’ll find smaller providers going down the fixed rate path too.

Solar Plans in Victoria

The sun may not shine in Victoria as often as some other states, but more and more Victorian households are choosing to invest in solar systems. While all electricity market offers come with some form of solar feed-in tariff, there are only a handful of retailers that offer specific solar plans, usually with higher rates for solar generation. These include Kogan Energy, Origin, Click Energy, CovaU and Momentum Energy.

Electricity Discounts in Victoria

In an effort to stand out from the crowd, some providers in Victoria boast market offer plans with discounts off usage charges – up to 40% or more before the industry changes that kicked in from July 2019 but much lower now. While these discounts can be a great way to cut your overall power costs, it’s important not just to assume that the providers promising the biggest discounts will automatically work out to be the cheapest, because that’s often not the case at all. Discounts will usually be applied if you:

Discounts usually apply to electricity usage charges only, but some retailers apply their discounts to your entire bill instead. While tempting, it’s important to compare energy plans based on their base rates as well as the conditional discounts. But most importantly, you should see how the plan in question compares to the reference price that is the VDO. Failing to meet the conditions of a discount will mean you are left paying the non-discounted rate, which will be much higher. You may also be charged a fee. Also be sure to check the benefit period of your discount, because most only apply for one or two years, after which you’ll have to pay the full price.

Other Incentives

If discounts don’t appeal to you, you will find a range of other sign-up incentives offered by the electricity retailers in Victoria in an effort to get you on board. Simply Energy and Alinta Energy both have plans that provide incentives for sports lovers, while AGL customers can earn flybuys points and those with Red Energy can collect Qantas Frequent Flyer points. It’s also common for retailers to throw $50-$100 in sign-up credit at new customers, especially if they sign up online.

Energy Rewards Programs in Victoria

The following electricity providers offer some form of rewards program to customers in Victoria, bringing savings on various leisure and social activities, including eating out, accommodation and even theme park tickets.

  • AGL (AGL Rewards)
  • Alinta Energy (Alinta Energy Rewards)
  • Red Energy (Red Energy Rewards)
  • Lumo Energy (Lumo Ameego)
  • Sumo (Sumo Perks)
  • CovaU (CovaU Rewards)

Given that Victoria is one of the most competitive energy markets for the retailers, some of these rewards programs are not available in other areas.

Prices from VIC Energy Providers

Victoria Electricity Prices

In the table below, we compare prices on the Citipower network in Melbourne. We show one product per retailer, listed from the lowest priced estimate first. See here for information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning the VDO is $1,270/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison. Our database may not cover all deals available in your area, and please check retailer websites for up to date information.

Electricity Provider Electricity Plan Difference from VDO› Conditional Discounts Price Estimate˜
ReAmped Energy ReAmped Handshake 35% Less Than VDO No conditional discounts $831
GloBird Energy GloSave 33% Less Than VDO 33% Less Than VDO for Direct Debit $848incl. conditional discount
Powerclub Powerbank Home Flat 21% Less Than VDO No conditional discounts $1,008
OVO Energy The One Plan 20% Less Than VDO No conditional discounts $1,011
Alinta Energy Home Deal 20% Less Than VDO No conditional discounts $1,013
QEnergy Mini Me 20% Less Than VDO No conditional discounts $1,013

Powerdirect Rate Saver 16% Less Than VDO No conditional discounts $1,061
Kogan Energy Market Offer 16% Less Than VDO No conditional discounts $1,069

Energy Locals Online Member 16% Less Than VDO No conditional discounts $1,072
Momentum Energy Bill Boss 14% Less Than VDO No conditional discounts $1,087
Tango Energy Home Select 14% Less Than VDO No conditional discounts $1,089
Simply Energy Simply Blue 14% Less Than VDO No conditional discounts $1,092
Lumo Energy Value 14% Less Than VDO No conditional discounts $1,093
AGL Essentials Plus 13% Less Than VDO No conditional discounts $1,101
EnergyAustralia Total Plan Home 13% Less Than VDO No conditional discounts $1,105
Diamond Energy Everyday Renewable Saver 2% Less Than VDO 12% Less Than VDO for Paying on Time by Direct Debit with e-Billing $1,117incl. conditional discount
Dodo Market Offer 12% Less Than VDO No conditional discounts $1,117
Origin Energy Everyday Rewards 12% Less Than VDO No conditional discounts $1,119
Discover Energy Introduction Offer 11% Less Than VDO No conditional discounts $1,124 
1st Energy Prepaid Value 11% Less Than VDO No conditional discounts $1,132
Powershop 100% Carbon Neutral 8% Less Than VDO No conditional discounts $1,168
Sumo Sumo Assure 7% Less Than VDO No conditional discounts $1,175
Elysian Energy The Good Life 7% Less Than VDO No conditional discounts $1,178
CovaU Super Saver Plus 6% Less Than VDO No conditional discounts $1,188
Red Energy Living Energy Saver 1% Less Than VDO No conditional discounts $1,257
Amber Electric Amber Plan Equal To VDO No conditional discounts $1,270
People Energy People Saver Equal To VDO No conditional discounts $1,270
Energy Fact Sheets

Victoria Electricity Rates

The table below shows the general usage rates and daily supply charges of the Victorian electricity providers on our database. We list the rates of the cheapest published deal from each retailer. Rates are for single rate tariffs only. Use our comparison tool for specific rates in your area.

Electricity Provider Electricity Plan General Usage Rate Daily Supply Charge
AGL Essentials Plus 20.11¢/kWh 108.77¢/day
Alinta Energy Home Deal 16.80¢/kWh 93.50¢/day
Amber Electric Amber Plan 22.84¢/kWh 48.40¢/day
CovaU Super Saver Plus 29.25¢/kWh 101.20¢/day
Diamond Energy Everyday Renewable Saver 21.00¢/kWh 110.00¢/day
Discover Energy Introduction Offer 21.58¢/kWh 99.90¢/day
Dodo Market Offer 19.70¢/kWh 90.15¢/day
Elysian Energy The Good Life N/A N/A
EnergyAustralia Total Plan Home 21.40¢/kWh 113.30¢/day
Energy Locals Online Member 19.50¢/kWh 52.00¢/day
GloBird Energy GloSave 15.40¢/kWh 66.00¢/day
Kogan Energy Market Offer 19.13¢/kWh 83.33¢/day
Lumo Energy Value 18.61¢/kWh 95.59¢/day
Momentum Energy Bill Boss 18.61¢/kWh 107.64¢/day
Origin Energy Everyday Rewards 19.30¢/kWh 102.00¢/day
OVO Energy The One Plan 18.39¢/kWh 75.35¢/day
People Energy People Saver 21.40¢/kWh 113.30¢/day
Powerclub Powerbank Home Flat 17.28¢/kWh 76.02¢/day
Powerdirect Rate Saver 20.33¢/kWh 67.98¢/day
Powershop 100% Carbon Neutral 20.44¢/kWh 96.03¢/day
QEnergy Mini Me 19.62¢/kWh 62.35¢/day
ReAmped Energy ReAmped Handshake 16.01¢/kWh 52.22¢/day
Red Energy Living Energy Saver 24.42¢/kWh 109.99¢/day
Simply Energy Simply Blue 21.40¢/kWh 113.30¢/day
Sumo Sumo Assure 20.35¢/kWh 99.00¢/day
Tango Energy Home Select 19.80¢/kWh 81.40¢/day
1st Energy Prepaid Value 25.15¢/kWh 113.08¢/day
Energy Fact Sheets

Rates from Citipower network in Melbourne. Rates last updated June 2021. Use our comparison tool for specific details in your area.

More about VIC Energy Networks

Melbourne city

Customers who live in Melbourne’s city or inner suburbs are covered by the Citipower electricity distribution network. Here are the main areas within this network:

  • Armadale
  • Brunswick
  • Camberwell
  • Carlton
  • Caulfield
  • Collingwood
  • Docklands
  • Fitzroy
  • Hawthorn
  • Kew
  • Lalwyn
  • Melbourne CBD
  • Northcote
  • Port Melbourne
  • Prahran
  • Richmond
  • St Kilda
  • Toorak

Melbourne’s northern suburbs

If you live in Melbourne’s north or north-western suburbs, what you may not know is that your electricity is supplied by the Jemena network. Here are a few examples of the areas that fall under this umbrella:

  • Brooklyn
  • Campbellfield
  • Clarkefield
  • Coburg
  • Craigieburn
  • Footscray
  • Gisborne South
  • Heidelberg
  • Mickleham
  • Reservoir
  • Roxburgh Park
  • Sunbury
  • Tullamarine
  • Wildwood

Mornington Peninsula

The United Energy network supplies electricity to all homes within Victoria’s Mornington Peninsula, as well as Melbourne’s southern suburbs. These include but are not limited to:

  • Carrum Downs
  • Dandenong
  • Dromana
  • Fingal
  • Flinders
  • Frankston
  • Glen Waverley
  • Mornington
  • Mount Eliza
  • Mount Martha
  • Portsea
  • Red Hill
  • Rosebud
  • Shoreham
  • Sorrento
  • Springvale

Western Victoria

Residents in western Victoria and Melbourne’s western suburbs are supplied electricity though the Powercor network. These include major localities such as Ballarat and Geelong. Other suburbs within this region are:

  • Ardeer
  • Bendigo
  • Cobram
  • Colac
  • Echuca
  • Horsham
  • Kyneton
  • Maryborough
  • Mildura
  • Shepparton
  • Warrnambool

Eastern Victoria

The Ausnet network covers the eastern parts of Victoria, in addition to Melbourne’s eastern suburbs. This is a list of the suburbs that fall in this area:

  • Bairnsdale
  • Beaconsfield
  • Benalla
  • Corowa
  • Euroa
  • Hazlewood
  • Lilydale
  • Mallacoota
  • Mansfield
  • Mt Baw Baw
  • Orbost
  • Rowville
  • Seymour
  • South Morang
  • Wangaratta
  • Warragul
  • Wilsons Prom
  • Wodonga

Important Notes

Canstar Blue surveyed 12,000 Australian adults across a range of categories to measure and track customer satisfaction, via ISO 26362 accredited research panels managed by Qualtrics. The outcomes reported are the results from customers within the survey group who live in Victoria, have an electricity account, and pay the bills – in this case, 2,152 people.

Brands must have received at least 30 responses to be included. Results are comparative and it should be noted that brands receiving three stars have still achieved a satisfaction measure of at least six out of 10. Not all brands available in the market have been compared in this survey. The ratings table is first sorted by star ratings and then by mean overall satisfaction. A rated brand may receive a ‘N/A’ (Not Applicable) rating if it does not receive the minimum number of responses for that criteria.

2019

Winner: Powershop

2018

Winner: Tango Energy

2017

Winner: Powershop

2016

Winner: Powershop

2015

Winner: Powershop

Latest electricity articles

Natural Gas Prices in Victoria

Compare Natural Gas Prices in Victoria

Find the cheapest natural gas supplier in Victoria using Canstar Blue’s guide. We calculate gas retailer prices to show you how to save.

– Read more
Energy Switching Deals & Promotions

Energy Switching Deals & Promotions

Canstar Blue reviews energy offers from retailers including AGL, EnergyAustralia, Simply Energy, Powershop, Click Energy & Red Energy.

– Read more
Solar feed-in tariffs Compared

A comparison of solar feed-in tariffs by state

A guide to finding the best deal on solar. Canstar Blue compares feed-in tariffs from Australia’s leading energy retailers.

– Read more
How to save hundreds on your power bills

Default vs Market Contracts: How to save hundreds on your energy bills

Power prices are rising, but that doesn’t mean electricity has to cost the earth. Find out how you can save at Canstar Blue.

– Read more
Aerial view of Melbourne at night

Compare Victoria Electricity Prices

Who has the cheapest electricity prices in Victoria? Canstar Blue has compared plans, discounts and costs from the big providers to help you find a better deal.

– Read more
Advertisement