Compare Electricity Prices & Rates in Victoria
Victoria has five primary electricity distributors, and each looks after a specific region of the state.
- AusNet Services
- Powercor Australia
- United Energy Distribution
Some customers in Victoria may also be serviced by Essential Energy.
Your distributor looks after the infrastructure associated with supplying electricity to your household. Your electricity supplier is the company that sells you your electricity and sends your electricity bill. Most energy suppliers in Victoria are required to take part in the Energy and Water Ombudsman Victoria (EWOV) scheme.
Scheme participants include:
- 1st Energy
- Alinta Energy
- Blue NRG
- Click Energy
- Commander Power
- Diamond Energy
- Dodo Power & Gas
- Energy Australia
- ERM Business Power
- GloBird Energy
- Lumo Energy
- Macquarie Bank
- Momentum Energy
- Next Business Energy
- Online Power and Gas
- Origin Energy
- Pacific Hydro
- People Energy
- Powershop Australia
- Red Energy
- Simply Energy
- Sumo Power
There are a large number of suppliers in Victoria, in part because electricity rates in VIC are not regulated by the government. It was the first state to deregulate retail electricity prices, attracting new suppliers to the market and allowing for electricity rate comparison in Victoria.
Electricity savings in VIC
A wide selection of electricity suppliers is great news for Victorians, because competition typically keeps prices lower than they might be otherwise. Finding the right deal can be a confusing process. To make it easier, compare electricity suppliers in VIC with our deal finder. This will show you what’s on offer in your area.
Once you’ve found the lowest prices for your electricity bills in Victoria, you may also be able to benefit from government concessions and rebates. Most of the below concessions are available to residents of Victoria who hold an eligible concession card. Terms and conditions may apply so make sure you take the time to familiarise yourself with them.
- Annual Electricity Concession: a 17.5 percent annual reduction on mains electricity
- Service to Property Charge Concession: Discounted electricity supply charge for certain households
- Medical Cooling Concession: 17.5 percent winter discount for eligible customers who have qualifying medical conditions requiring cooling.
- Controlled Load ELectricity Concession: 13 percent discount on controlled load usage charges
- Life Support Concession: Quarterly discount on bills for households where a concession cardholder uses eligible life support machines
- Electricity Transfer Fee Waiver: Transfer of service fee is waived for change of occupancy
- Excess Electricity Concession: Discounts for extremely high use of electricity
If you don’t hold a concession card, you may still be able to take advantage of Victoria’s Energy Saver Incentive Scheme, which provides rebates for the purchase of eligible energy-efficient products and appliances. This is also known as the Victorian Energy Efficiency Target (VEET) scheme.
From 2017, new flexible-use tariffs came into effect that give Victorians even more choice when it comes to their electricity plans. These demand-based tariffs are optional, with prices based on the time of usage. If you’re not sure whether these new tariff types are right for you, it’s worth having a quick chat with a consultant for advice.
Tips for VIC electricity customers
- Compare plans from different suppliers in your area to avoid overpaying electricity in Victoria
- Concession card holders should check with their supplier to see if they are eligible for any government concessions
- Take part in the VEET scheme to introduce energy-efficient appliances to your household
- Consider all tariff types when determining which is most suitable for your household’s energy use
- Ask your supplier about discounts available for bundling electricity and gas services together.