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. If you are looking for specific rates in your area, be sure to use our free comparison tool below, otherwise read on for average estimates in the state.
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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 available on our database from each retailer for single rate tariffs only.
Energy retailers are currently navigating a volatile wholesale market. Some of the retailers below may have temporarily switched off their market offer plans to new customers. We will do our best to keep this table and the details on this page up to date as new information becomes available. Please check plan details and availability directly with providers.
| Electricity Provider | Electricity Plan | General Usage Rate | Daily Supply Charge | |
|---|---|---|---|---|
| AGL | Value Saver | 24.40¢/kWh | 97.96¢/day | |
| Alinta Energy | BetterDeal | 28.71¢/kWh | 115.25¢/kWh | |
| Amber Electric | Amber Plan – Variable Wholesale Prices (estimate only) | 21.84¢/kWh | 47.56¢/day | |
| Arcline by RACV | Home Energy Plan | 28.76¢/kWh | 91.13¢/day | |
| CovaU | Super Saver | 23.84¢/kWh | 91.05¢/day | |
| Diamond Energy | Everyday Renewable Saver | 28.68¢/kWh | 115.25¢/day | |
| Dodo | Market Offer | 27.27¢/kWh | 80.67¢/day | |
| EnergyAustralia | Flexi Plan | 28.71¢/kWh | 115.25¢/day | |
| Energy Locals | Online Member – Spring Special | 25.50¢/kWh | 58.00¢/day | |
| GloBird Energy | Boost | 20.02¢/kWh | 100.10¢/day | |
| Kogan Energy | Kogan Energy with Free First | 24.70¢/kWh | 99.10¢/day | |
| Lumo Energy | Basic | 22.65¢/kWh | 91.03¢/day | |
| Momentum Energy | Nothing Fancy | 20.02¢/kWh | 114.07¢/day | |
| Nectr | 100% Clean | 22.65¢/kWh | 90.93¢/day | |
| Origin Energy | Go Variable | 24.41¢/kWh | 97.97¢/day | |
| OVO Energy | The One Plan | 22.55¢/kWh | 104.39¢/day | |
| Pacific Blue | Blue First | 19.42¢/kWh | 108.90¢/day | |
| Powershop | Switch Saver | 24.70¢/kWh | 99.10¢/day | |
| Red Energy | Living Energy Saver | 22.20¢/kWh | 97.79¢/day | |
| Simply Energy | Simply Blue Perks | 21.69¢/kWh | 116.23¢/day | |
| Sumo | Sumo Lite | 21.69¢/kWh | 116.23¢/day | |
| Tango Energy | eSelect | 27.31¢/kWh | 111.10¢/day | |
| 1st Energy | 1st Saver Online | 22.00¢/kWh | 113.30¢/day | |
| Discover Energy | TBC | TBC | TBC | |
| ReAmped Energy | TBC | TBC | TBC | |
| Energy Fact Sheets | ||||
Rates and products subject to change. Accurate as of December 2023.
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 across each distribution network in Victoria.
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†. 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.
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†. These costs are based on the Jemena network in Sunbury 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.
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†. These costs are based on the United Energy network in Frankston 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.
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†. These costs are based on the Powercor network in Geelong 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.
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†. These costs are based on the AusNet network in Warragul 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.
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 19c/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’.
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 $1 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.
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 20 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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