Victoria Energy Rates Explained

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Victoria is a playground for energy customers shopping around for a better deal. Yet, with so much choice it can prove difficult to narrow down what is or isn’t a good deal. And that’s before you’ve even looked at the specific electricity rates to figure out which plan has plenty of value and which does not. Recognising a good energy rate in Victoria can also be hard if you have no point of reference, which is where this guide comes in handy.

Given there are five electricity distributors in Victoria, the price a household pays for power in Geelong will differ from customers in St Kilda. That’s why it’s important to understand what rates are available in your suburb, so you can make an informed decision about whether you’re already paying too much. On this page, we list usage and supply charges from retailers currently operating in Melbourne on the Citipower network. Use our comparison tool below for specific rates in your area.

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Electricity Rates Victoria

Here are the general electricity usage rates and daily supply charges for households in Victoria. These rates are based on residential customers who live in Melbourne, on the Citipower network. We list the rates of the cheapest published deal from each retailer for single rate tariffs only.

Electricity Provider Electricity Plan General Usage Rate Daily Supply Charge
AGL Essentials 23.05¢/kWh 103.59¢/day
Alinta Energy Home Deal 19.59¢/kWh 99.55¢/day
Amber Electric Amber Plan 25.87¢/kWh 98.44¢/day
Click Energy Rose 22.65¢/kWh 101.78¢/day
CovaU Super Saver 31.06¢/kWh 101.20¢/day
Diamond Energy Everyday Renewable Saver 24.12¢/kWh 120.89¢/day
Dodo Market Offer 22.15¢/kWh 90.47¢/day
Elysian Energy The Good Life N/A N/A
EnergyAustralia Total Plan Home 25.17¢/kWh 113.09¢/day
Energy Locals Local Saver 24.00¢/kWh 57.00¢/day
GloBird Energy GloSave 18.92¢/kWh 93.50¢/day
Kogan Energy Market Offer 22.26¢/kWh 96.39¢/day
Lumo Value 19.64¢/kWh 103.18¢/day
Momentum Energy Self Serve 20.89¢/kWh 110.83¢/day
Origin Energy Go 21.65¢/kWh 92.26¢/day
OVO Energy The One Plan 21.01¢/kWh 90.42¢/day
People Energy Victorian Default Offer 25.17¢/kWh 113.09¢/day
Powerclub Powerbank Home Flat 19.35¢/kWh 79.09¢/day
Powerdirect Rate Saver 21.89¢/kWh 98.38¢/day
Powershop Shopper Market Offer 25.52¢/kWh 115.58¢/day
QEnergy Home Your Way 25.17¢/kWh 113.09¢/day
Red Energy Living Energy Saver 24.42¢/kWh 109.99¢/day
Simply Energy NRMA Blue 25.17¢/kWh 113.09¢/day
Sumo Sumo Assure 21.89¢/kWh 105.27¢/day
Tango Energy Home Select 20.13¢/kWh 107.80¢/day
1st Energy Prepaid Value 25.15¢/kWh 113.08¢/day
Energy Fact Sheets

Rates accurate as of November 2020.

Compare VIC Electricity Prices

Energy rates are the main contributor to overall power costs, so it’s important to know what you’re likely to be charged. At Canstar Blue we’ve taken the hard work out of it by calculating the estimated annual costs from some of the cheapest published deals on our database. Based on current rates, the table below offers a range of cheap energy 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.

Electricity usage costs (per kWh) in VIC

The biggest contributor to high energy costs is electricity usage charges, which are the rates customers are charged for consuming power. Electricity is charged per kilowatt hour (kWh) and depending on the plan and provider, usage rates are normally between 18c/kWh and 25c/kWh in Victoria. While usage costs only make up one portion of energy bills, it’s worth noting that these rates are arguably the most important, as every household – big or small – uses power.

Where can I find my usage rates?

Usage charges are typically found on the breakdown or summary of costs on your energy bill. Depending on your retailer, this section may be located on the second page of the bill, which outlines each separate charge. The usage rates in the below example are listed at the top as 24.2c/kWh and are referred to as ‘Peak Usage’.

Origin Energy Supply Charges bill example

 

Electricity supply costs in VIC

Regardless of how much power a household uses, customers will still see electricity supply charges on their bill. These fixed daily rates represent the cost of supplying a property with energy from the grid. Victorians can expect to pay around 105 cents a day for supply charges, which is why it’s worth keeping an eye out for deals with cheaper rates as these costs quickly add up over a billing period.

Where can I find my supply rates?

Supply charges should be located in the breakdown of energy costs on your bill. In the below example, the supply rate is $1.007/day, and is listed as ‘Service to Property Charge’. Be mindful that supply rates may be under a different name depending on the retailer, but should always be listed as a fixed daily charge.

Energy bill showing supply charges highlighted

How to find cheap energy rates in Victoria

An easy way to track down a deal with cheap electricity rates is by comparing a bunch of plans in the one place. Thankfully for Victorians, our comparison tool allows you to compare the latest deals from more than 25 retailers, where you can review the finer details such as the rates you’ll be paying. All we require from you is your postcode, so start comparing today.


Image credit: Shuang Li/Shutterstock.com

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