Compare Electricity Rates Victoria

If you’ve tried to compare electricity rates in Victoria manually, you know how confusing and stressful it gets. GoSwitch does the hard work for you, matching your usage and postcode with current plans from trusted retailers, all in just a few minutes.

The Benefits of Shopping Around for Electricity

Written by Clint Robinson, GoSwitch CEO
Published 10 February 20267 mins read

Electricity prices shift all the time, and what you’re paying today might not be the best deal tomorrow. Comparing plans helps Victorian residential customers stay in control of their electricity bill by revealing cheaper and more suitable energy options.

There’s real value in shopping around for electricity plans:

  • Lower energy bills: Find cheaper usage rates, competitive daily supply charges, and discounts tailored to your usage.
  • Wider plan choice: Compare basic plans, flexible rate tariffs, and GreenPower options from trusted electricity providers.
  • Incentives and rewards: Many market offers include bill credits, new customer perks, or discounts for paying by direct debit.
  • Better plan fit: Match your energy usage and lifestyle to a plan that works — whether you’re in Melbourne or regional VIC.
  • Access to rebates: See which retailers pass through Victorian Government rebates or support for concession eligibility.

Getting a better deal starts with knowing what drives electricity prices in your area.

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Factors to Consider When Comparing Electricity Rates in Victoria

Not all electricity plans are created equal. Some look cheap upfront but add extra costs later, while others reward smart energy habits.

Keep these essentials in mind when reviewing your next energy plan:

  • Energy usage and supply charge: Review both your usage rates (per kilowatt hour) and the fixed daily supply charge on your electricity bill.
  • Discount conditions: Check if discounts depend on things like direct debit, paperless billing, or payment timing.
  • Contract length and exit fees: Some plans have lock-ins or penalties for switching, while others are fully flexible.
  • Billing frequency and bill smoothing: These affect how you budget and pay for energy.
  • Extras like solar feed-in tariff or GreenPower: If you have solar panels or want renewable energy, compare feed-in rates and plan eligibility.

Beyond the numbers, it’s also important to understand how electricity pricing actually works.

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Get to Know How Electricity Tariffs Work

Energy providers offer a mix of tariff types, and choosing the right one can make a big difference to your electricity bill.

These are the common tariffs available across VIC:

  • Single rate tariff: You pay the same usage rate no matter the time of day. Simple and often cost-effective for steady users.
  • Time-of-use tariff: Rates vary based on peak, shoulder, and off-peak times. Better suited to households that use power outside peak hours.
  • Demand tariff: Charges are based on your highest 30-minute usage in a billing period. These are becoming more common with smart meters.

Now that you understand tariff structures, let’s explore who supplies your electricity.

Who’s Supplying Your Power in Victoria?

From Melbourne to Western Victoria, energy retailers compete for your business. Some focus on price, while others offer solar bonuses or usage tracking features.

These retailers currently stand out in the VIC energy market:

  • EnergyAustralia: Well-known for flexible market offers, solar options, and strong support services.
  • AGL: Offers energy-efficient tools and bundle deals with gas plans and internet in VIC and NSW.
  • Origin Energy: Known for competitive solar feed-in tariffs and usage insights via their app.
  • Dodo: A value-first provider offering simple electricity plans and bundle discounts with internet.
  • GloBird Energy: Often among the cheapest electricity rates in VIC, especially for new customers.
  • Engie: Features GreenPower and renewable energy add-ons plus solar plan support.

Keep in mind: pricing can vary by postcode and your assigned electricity distribution zone.

Comparing Rates Based on Where You Live

Victoria’s five electricity distribution zones play a major role in how much you pay. Each network passes through different energy costs, which influence what your retailer charges.

Here’s a breakdown of the key networks across VIC:

  • CitiPower: Covers inner Melbourne. Highly competitive plans with strong smart meter rollout.
  • Jemena: Services northern suburbs and parts of inner metro. Plans often include bundled offers and feed-in options.
  • AusNet Services: Covers eastern Victoria and the northeast. Supply charges may be higher in some postcodes.
  • Powercor: Services Western Victoria. Some retailers adjust rates here due to distance and infrastructure.
  • United Energy: Covers southeast suburbs and Mornington Peninsula. Popular with solar households due to high rooftop installations.

Your energy options also change if you’re using solar power at home.

Solar Plans and Feed-in Tariffs in Victoria

Victorians with solar panels can benefit from feed-in tariffs, which give you credit for energy exported back to the grid.

There are two main feed-in tariff types:

  • Flat-rate FiT: A consistent rate for every kilowatt hour exported. Usually simpler but may be lower than peak prices.
  • Time-varying FiT: Different rates depending on the time of day your system exports power. Can benefit solar systems with peak output during the afternoon.

Solar plans can also come with higher usage rates or daily charges, so it’s smart to compare the full energy price structure. Government support also plays a role in your overall cost.

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    Are Government Rules Helping Keep Power Prices Fair?

    In Victoria, the Essential Services Commission acts as the energy regulator, setting the Victorian Default Offer (VDO), a government-set maximum price for standing offers that serves as a reference price for residential customers and small businesses. All plans must clearly show how their pricing compares to the VDO, with GST included.

    Concession card holders across Australia may also be eligible for:

    • Annual electricity concessions: Ongoing bill discounts applied to eligible electricity plans.
    • Winter energy concessions: Extra relief during colder months when energy usage typically rises.
    • Controlled load concessions for hot water systems: Cheaper rates for metered off-peak electric hot water.
    • Exemptions during outage or emergency periods: Waived charges during approved supply interruptions.

    Retailers must include a fact sheet with each offer, outlining pricing, discounts, and available rebates.

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    One Size Doesn’t Fit All When It Comes to Power

    Your energy usage pattern affects which electricity plan is right. A plan that suits a family home may not work for a single renter.

    Think about how your household uses power day-to-day:

    • Singles or couples: Likely to benefit from simple, low-usage plans with no exit fees.
    • Families with kids: May need flexible time-of-use pricing to account for high daytime energy usage.
    • High usage homes: Look for capped rates and generous discounts or bill credits.
    • Solar households: Compare feed-in tariffs, solar compatibility, and benefit periods.

    And if you’re moving, there are other important things to consider.

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    Setting Up Power at Your New Place

    Planning ahead makes all the difference when moving. Here’s what to sort out before the big day:

    • Contact your current energy provider to disconnect or transfer service.
    • Use your new address and postcode to compare electricity and gas plans.
    • Check your eligibility for connection rebates or hardship assistance.
    • Book your connection date early to avoid delays.
    • Review exit fees or final bill conditions with your current provider.

    Whether you’re moving or staying put, switching is easier than you might think.

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    How Do I Switch Energy Providers in Victoria?

    Switching energy providers with GoSwitch takes just minutes. Enter your postcode, compare electricity plans from leading retailers, and choose the one that fits your needs best.

    We guide you through the switch. No paperwork, no awkward calls, and no exit fees on most plans.

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    See Your Best Electricity Deals in Minutes

    Stop overpaying on electricity bills. Use GoSwitch to compare electricity prices in Victoria quickly, for free.

    You can also compare gas plans, internet deals, and health insurance policies from top Australian providers across VIC, NSW, QLD, SA and ACT. Try our tool now and see how much you could save!

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    FAQs

    Rates vary by postcode, usage, and network, so there’s no one-size-fits-all answer. Use GoSwitch to compare the latest offers in your area and find what works best for your household.

    Smart meters record your energy usage in real time and allow for flexible rate structures like time-of-use pricing. They help you track usage habits and make switching easier through GoSwitch.

    Eligible residential customers may receive annual energy rebates, winter concessions, or additional help through the Utility Relief Grant Scheme. GoSwitch can help identify energy providers that pass through these rebates.

    Your electricity bill includes a daily supply charge plus usage rates based on your kilowatt hour consumption. GoSwitch lets you compare these details across plans with full transparency.

    Yes, many energy providers in Victoria offer bundle options that combine electricity and gas plans. You can compare bundled energy offers easily using GoSwitch’s free comparison tool.

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