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Compare Electricity Providers in Victoria
Compare Electricity Providers in Victoria
Written by
Rachel Gregg
Edited by
Laura Crowden
Reviewed by
Dean IpavizSee our range of Energy Providers
iSelect does not compare all providers in the market or all plans offered by our partners in your area. Not all plans or special offers are available to all customers and some may only be available over the phone or on the website. Learn more.
How do electricity prices work in Victoria?
Before you run to compare electricity providers, take a moment to warm up your understanding of electricity prices in Victoria. For starters, Victoria has a deregulated electricity market, which means electricity retailers can set their own prices, called market or retail offers.
Market or retail offers are usually set below the Victorian Default Offer (VDO) – more on this later. So, Victorians essentially have two choices: simply opt for the default offer or hunt around for a competitive market offer deal. The catch? It means having to sort through more plans with different discounts and prices that can appeal to you in different ways.
How is my electricity billed in Victoria?
How your electricity is billed will look a little different depending on your meter type, usage, and any extra fees. Standard meters usually mean quarterly bills. But for homes with smart/digital meters, you’ll get the option to pay monthly or quarterly since your usage data is sent off regularly.
Your bill will have two charges: a daily supply charge and a usage charge, based on how many kilowatt-hours (kWh) you’ve used. For example, 20 kWh a day at 22.56 cents per kWh hour would cost $4.51 per day.1Victoria Government – How to read your energy bill Plus the supply charge (Victorian average is $1.28 a day), you’d be looking at a $5.79 day.2Essential Services Commission – Victorian Default Offer price review 2025-26 Don’t forget to think about additional fees like disconnection costs when you move.
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How much does electricity cost in Victoria?
Your exact electricity cost will vary based on where you live, how much electricity you’re using, and what plan you’re signed up for. But that doesn’t mean you have to be in the dark for your next bill (figuratively or literally). Historical data can shed some light – because, after all, we’re supposed to learn from history, aren’t we?
Take a look at the median average electricity price for Victorian residents on a single-rate plan who have CitiPower as their distributor, tracked from early 2021 to September 2024. These prices factor in average consumption for 2022-24 in the area. It’s not an all-inclusive view of every Victorian household, but it’s a handy way to see what recent prices have looked like.
What is the Victorian Default Offer (VDO)?
If shopping around for electricity plans isn’t your style, you can always look at the Victorian Default Offer (VDO) instead. This standing offer pricing is set by the Essential Services Commission to cover the costs of supplying and getting electricity to your place without the bells and whistles.3For more information, see the ESC – Essential Services Commission homepage While you might not get a lower competitive price, you do get the stability of set prices for the year ahead.
Even if you don’t pick the VDO, it’s a good pricing benchmark to help you compare. All electricity retailers have to show how their plans compare to the VDO, so you can get a quick idea about whether it’s a good deal or just a good marketing team.
What types of electricity plans are there in Victoria?
Comparing electricity plans, but don’t want to get tripped up on all the details? Thankfully, there are generally two main plan types you need to know about: fixed rate and variable rate.
Fixed rate plans
Fixed rate plans lock in a set price for your electricity usage, like 30 cents per kWh. They’re great if you like consistency and want to avoid surprises when your bill lands. Just be aware that the fixed rates might only last for a certain length of time (generally one or two years) before they’re up for renewal, and after this time, your retailer may automatically shift you to a higher rate.
Variable rate plans
Variable rate plans go up and down with the wider market. This means your rates might go down (yay!) or up (not so yay). The good news is that your provider must give you at least five business days’ notice before the rates change.
While fixed and variable rates are the main plans, you’ll see there are some electricity plans that throw in extra features. These could be multiple rates, time-of-use rates, single rates or something in between- so it’s worth checking what works best for you.
Helpful tip
Some providers in the Garden State offer plans with a ‘set’ contract length, which might offer cheaper rates but lock you in for a number of years. With cost of living pressures impacting the majority of the population, make sure you do your research on locking into anything before you choose this route, as there’s a chance it could be detrimental for your bill.
Set contract periods may give you more predictability, but might mean a fee if you want to leave before the term is up. On the other hand, flexible no-term contracts may make things a little easier if you’ve got itchy feet and like to uproot yourself from time to time, or you like to be able to jump to a better deal as you see them.
Dean Ipaviz
Sustainability Expert and Presenter
How do I choose the right electricity provider in VIC?
Picking out the right provider for your home isn’t as simple as closing your eyes and pointing. If you want to find the best fit, you’ll need to do a little digging first. The good news? It’s not as complicated as assembling IKEA furniture, especially when you know what to look for.
Check your usage and supply charges
While you might think only the final total of your bill is important, all the other parts (like your usage and supply charges) help you understand the inner workings of your bill. It’s worth looking at your usage patterns and weighing them up against the usage charge (how much energy you use) and the supply charge (daily charge for connected electricity, even if you don’t use any on a certain day).
Just remember that depending on your tariff, you might see a few extra usage charges on their bill, so make sure to account for everything when comparing.
Double-check all your fees
No one likes finding a few extra fees on their bills. If you don’t want to experience any little unwanted surprises, make sure to read through all the charges in your plan. Most providers will have fees for moving house, switching providers, cancelling early, or even just getting a paper bill in the mail (yep, that’s still a thing).
What kind of contract are you signing up for?
Not all plans are built the same. Some have variable rates that move with the market (and your provider’s whim), while others lock you in for a certain time frame (and might come with fees to pay if you skip out earlier). Then there are benefit periods, which are like the honeymoon phase of your plan, with a discounted price for a limited period before reverting to a standard rate. Making sure you understand what you’re signing up for means it’s more likely you’ll be getting a plan that works perfectly for you.
How long will it take to switch providers?
Switching electricity plans isn’t like waiting for a tradie who ‘should be there between 8 am and 6 pm’. Once you’ve chosen a new electricity plan and are all happy with your choice, you’ll usually be switched over after your next meter read, which could be a matter of days. But don’t worry, you shouldn’t lose any power between the switch – it’s more of a behind-the-scenes shuffle.
Frequently asked questions
Who is my electricity distributor?
While EnergyAustralia or Origin may be the ones billing you, they aren’t actually the ones powering your home. This job belongs to the distribution businesses. They’re the ones who own the power poles and wires that deliver electricity to your homes.
Think of it like a bakery (your distributor) working behind the scenes to supply sweet pastries to your local café (energy providers or retailers) each morning. While you can choose your energy retailer, your distributor simply depends on where you live.
Which energy providers are in Victoria?
There are more than 37 electricity providers or retailers in Victoria, including familiar names like EnergyAustralia and AGL. But just because there are so many options to choose from doesn’t mean you’ve got an uphill battle ahead of you if you want to compare electricity plans. More providers (and plans) to choose from increases your chances of finding a plan that fits. Plus, this is where iSelect can help!
Here are all the electricity providers in Victoria, just remember that iSelect can only help out with some of these.
| 1st Energy | AGL | Alinta Energy | Amber Electric |
| Arcline by RACV – Energy | Blue NRG | CoPower | CoVaU |
| Diamond Energy | dodo | Energy Locals | EnergyAustralia |
| ENGIE | Flow Power | GloBird Energy | Indigo Power |
| Kogan Energy | Lumo Energy | Momentum Energy | MYOB powered by OVO |
| Nectr | Next Business Energy | Origin Energy | OVO Energy |
| Pacific Blue | Powershop | Real Utilities | ReAmped Energy |
| Red Energy | SmartestEnergy | Solstice Energy | Sumo |
| Tango Energy | The People’s Grid | Veolia Energy |
Source: Victorian Energy Compare. Accurate as of 8 May 2025
What rebates or concessions can I get in Victoria?
Discounts are one way to save, but rebates and concessions take them to a whole other level. These are government-based payments designed to make your electricity bills a little less painful (if you meet the criteria).
- Energy Bill Relief Fund: As long as you hold an active electricity account, all households can access this rebate. Each $75 instalment will automatically be applied to your quarterly bill for a yearly (2024-25) rebate total of up to $300.
- Annual Electricity Concession: With an eligible concession card, you can get 17.5% off your electricity usage and service costs. It just won’t apply to your first $171.60 though.
- Excess Electricity Concession: This is essentially the Annual Electricity Concession but for those with annual bills bigger than $3,985.13. You’ll still need to hold a valid concession card to be able to get 17.5% off your usage and service costs.
- Life Support Concession: If you or someone else in your house needs an eligible life support machine, this concession can help reduce the cost of 1880 kilowatt hours (470 kilowatt hours per quarter). The electricity account holder will need an eligible concession card though.
- Medical Cooling Concession: For certain periods of the year (Nov 1 – April 30), you can get this concession of 17.5% to help keep your home cool. To get it, you need an eligible concession card plus you or a member of your household has to have a medical condition that makes it hard for you to stay comfortable in the heat.
- Non-Mains Energy Concession: Do you use a non-main source of power, like electricity accessed through an embedded network? If you hold an eligible concession card, you could save $56-634 annually, depending on how much you pay for each energy type.
Since these come directly from the government, it won’t matter which electricity retailer you’re with. You should see these concessions applied to your electricity bill regardless. So, that’s one less thing to stress about as you compare!
What discounts are available in Victoria?
Discounts on electricity plans can come in all shapes and sizes. Some are conditional, like needing to pay your bill on time, while others are guaranteed and just stick around as long as you’re with the plan.
When comparing plans, discounts can definitely sweeten the deal, but it might help to keep your wits about you too. They might not be a permanent feature on your plan, or you could find it’s tricky to regularly meet the conditions to get them. Always check the fine print before jumping in.
What kinds of tariffs are available in Victoria?
Tariffs are the Robin to your Batman (electricity rates), working together to shape your final bill. In Victoria, you’ll typically see these tariffs:
- Single rate tariff: Just like it says on the tin, this is a one-rate tariff. No matter when you use your electricity or how much of it you use, you’ll only ever have to worry about one rate.
- Time-of-use tariffs: With this type of tariff, your day will be split into different chunks, peak, off-peak, and shoulder. Peak times (think early evening) will cost more than off-peak (say 3 am), while shoulders sit in between when usage ramps up or down.
- Controlled load tariffs: If you’ve got underfloor heating or an electric water heater, you can get a different rate especially for these guys to try and curb your bill. It usually means having them on a separate meter and restricting when they can be used.
- Demand tariffs: This type of tariff focuses on how intensely you’re using electricity at once, rather than simply how much. It’s sort of like charging based on the maximum speed you drove rather than how far you went.
You might find that different tariffs are more appealing based on what you know about your electricity consumption or how you want your bill to be calculated. So, when you’re comparing plans, it might help to look at both the rate and usage cost, along with what type of tariff it is.
How do I manage my electricity plan when moving house?
Moving house? It’s not just bubble wrap and boxes; you’ll need to organise your electricity too.
About a week before moving out contact your energy provider to close your account. They’ll need to know your move-out date, and details for a final meter reading. They could also charge a disconnection fee, but this depends on your plan and provider.
Don’t forget about connecting your new place too! Contact your provider about a week or two before moving in, so everything is ready from day one. Make sure to check for any connection fees you might have to pay as well. If you’re moving into a new home without power, give yourself extra time for inspections and reconnection.
If you’re renting your landlord should be the one to organise all the connections at your new place but renters are the ones in charge of re-connecting their electricity in their name. This should be done around a week before you move in as well.
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iSelect does not compare all energy providers or plans in the market. The availability of plans may change from time to time, depending on who iSelect’s providers are and what plans they make available to iSelect. Not all plans made available from iSelect providers may be compared by iSelect either due to commercial arrangements, area or availability, so not all plans or providers compared by iSelect will be available to all customers. Some plans and special offers are available only from iSelect’s contact centre or website. Energy plans are available only for properties located in eligible areas of Victoria, New South Wales, South East Queensland, South Australia and ACT. Click here to view iSelect’s range of providers.