Cheapest Electricity Victoria

Victoria’s deregulated electricity market means energy providers can set their own prices, discounts, and deals. That’s why two households on the same street could be paying completely different rates. Comparing electricity plans isn’t just about saving money, but about getting better value for every kilowatt hour (kWh) you use.

Benefits of comparing electricity plans in VIC include:

• Lower energy bills: Find cheaper electricity prices that suit your usage habits and budget.
• Access to rebates and bill credits: Some plans include limited-time credits or discounts for direct debit payments.
• Avoiding lock-in contracts: Choose flexible market offers with no exit fees or fixed terms.
• Tailored options: Plans vary based on usage rates, supply charge, and solar feed-in tariff eligibility.

Knowing your distribution area is the next step to making the right choice.

Yes, it does. Electricity rates in Victoria vary depending on your local distributor. Each network has its own tariffs, infrastructure costs, and maintenance charges, all of which affect your final electricity bill.

Victoria’s electricity distributors include:

• CitiPower – covers inner Melbourne
• Jemena – north-west suburbs of Melbourne
• AusNet Services – eastern Victoria and outer suburbs
• Powercor – western suburbs and regional VIC
• United Energy – south-east Melbourne and Mornington Peninsula

These regional differences are just one reason why postcode matters. Another? The type of tariff you’re on.

It doesn’t need to be complicated. GoSwitch can handle the entire process for you:

• Check your current bill. Find your usage and plan details so GoSwitch can compare accurately.
• Compare with GoSwitch. See available energy offers in your postcode that could save you money.
• Choose a plan on GoSwitch. Pick the best offer for your energy usage and budget.
• Let GoSwitch switch for you. We arrange the change with your new provider and keep your power connected.

Use the cooling‑off period. You still get the standard cooling‑off period if you change your mind.

Getting the cheapest electricity plan is step one. Making the most of it is step two. There are smart ways to keep your bill low all year:

• Use smart meters. These help you track usage in real-time and adjust habits to lower energy bills.
• Run major appliances during off-peak times. Great if you’re on a time-of-use tariff.
• Review your plan yearly. The Victorian energy market changes often, and so do discounts.
• Bundle gas and electricity plans. Some providers offer better rates when you combine services.
• Look for renewable energy options. Some market offers include access to green power or carbon offsetting.

The Victorian Government offers rebates to help eligible households manage rising electricity prices. If you hold a concession card or meet income criteria, you may qualify for:

• Victorian Default Offer (VDO): A fair price benchmark set by the energy regulator.
• Annual Electricity Concession: Discount on electricity usage and supply charges.
• Utility Relief Grant: One-off help if you’re struggling to pay bills due to hardship.
• Medical Cooling Concession: Discount for eligible households needing cooling due to medical conditions.
• Controlled Load Concession: For properties with separately metered appliances.

Electricity prices listed in most energy fact sheets typically include GST, but it’s worth checking your retailer’s details to be sure. Pair these with a solar system for even better long-term savings.

Solar feed-in tariffs reward you for the excess electricity your solar panels export back to the grid. They help offset your electricity bill and improve your overall energy price. There are two common rate tariff types to be aware of:

• Flat FiTs: One consistent rate per kWh for all exported power, regardless of when it’s sent to the grid.
• Time-varying FiTs: Different rates apply depending on the time of day your system exports electricity, often with higher rates during peak demand periods.

FiT rates vary between electricity providers and depend on your network distributor. GoSwitch’s feed-in tariff mapping makes it easy to compare solar FiTs in Victoria based on your area, helping you find a better rate tariff and improve your total energy price.

There’s no one-size-fits-all answer. The cheapest electricity provider for you depends on your location, tariff type, and energy usage. But GoSwitch compares options from top Australian brands, including:

• 1st Energy
• Origin Energy
• AGL
• OVO Energy
• Blue Energy
• Dodo Power & Gas
• EnergyAustralia
• Energy Locals
• Red Energy
• Alinta Energy
• Powershop
• GloBird Energy
• CovaU
• Diamond Energy
• Lumo Energy
• Kogan Energy
• Tango Energy

Switching energy providers shouldn’t feel like a chore. GoSwitch makes the process smooth, quick, and completely free, saving you time, money, and headaches.

Getting started takes only a few minutes and zero guesswork:

• Enter your postcode. This helps us match you with electricity plans available in your exact area.
• Tell us about your usage. Add a recent electricity bill for personalised results based on your average energy usage and supply charge.
• Compare top providers. Instantly view offers from leading electricity providers across Australia, including usage rates, discounts, and any exit fees.
• Choose a cheaper plan. Select the offer that suits your household or small business needs best, including options with solar feed-in tariffs or bill credits.
• Switch without hassle. We handle the entire setup with your new retailer. You won’t lose power or pay extra to change plans.

GoSwitch also helps you compare gas plans along with electricity offers in New South Wales (NSW), South Australia (SA), Queensland (QLD) and the ACT, making it easy to view gas rates, contract terms, and bundled options all in one place.