Compare Energy Victoria: The Cheapest Electricity in Victoria

Compare Electricity Providers in Victoria

Over 2,100 Victorian and VIC residents who pay their energy bills have voted for their chosen power providers this year. Customer service, value for money, online tools and support, and bill and pricing transparency have all been considered while evaluating these companies.

The goal is to provide you with as much information as possible about these companies compared to the others operating in the state. Given the intense rivalry among merchants, this will help you make the best choice for your needs.

1. Tango Energy

Tango Energy is a retail division of Pacific Hydro, a renewable energy producer based in Melbourne. It primarily serves clients in VIC and offers limited market offerings. Tango provides plans with variable rates, competitive use and supply prices, and no conditional discounts.

These are frequently offered in exchange for direct debit payments and online interactions. Tango Energy is a popular provider of services to the Victorian market, offering lower prices and a straightforward approach that has won over clients.

Ratings Result: Tango Energy has risen to the top spot in this year's Victorian power supplier rankings. The shop received four stars for simplicity of sign-up and five stars for overall satisfaction, value for money, customer service, bill cost and clarity.

1. GloBird Energy

One of the primary "second tier" rivals to Australia's power majors, AGL, Origin, and EnergyAustralia, is GloBird Energy. GloBird promotes low costs and huge savings, primarily achieved through low rates and conditional discounts.

While other shops highlight their green credentials, valuable features, or excellent customer service, GloBird promotes cheap pricing and significant savings. The retailer currently provides electricity and natural gas in VIC and the other eastern states.

Rating Result: GloBird Energy, which earned four stars for overall satisfaction, customer service, value for money, bill and expense transparency, and online tools and assistance, comes in second place in 2024. Additionally, GloBird received five stars for sign-up simplicity.

1. Red Energy

Red Energy, the top-ranked power supplier in NSW comparison for the past ten years, has also established itself as a mainstay in assessments of Victorian electricity providers. The store maintains a straightforward offering with a limited selection of variable rate market options at low pricing.

Meanwhile, Red Energy's primary selling feature is its alliance with Qantas. One plan offers extra Qantas Frequent Flyer points for signing up and making on-time payments. No contract terms or departure costs are associated with Red Energy's programmes.

Rating Result: Red Energy received four stars for overall satisfaction, bill and cost transparency, and online tools and guidance, placing them in third place this year. It received two five-star ratings for customer support and simplicity of registration but only three stars for overall value.

1. Lumo Energy

Victorians can choose from limited market options from Lumo Energy, most of which have variable rates (though fixed-rate plans are occasionally offered). These plans can bill every month and do not impose typical connection or disconnection costs for customers who move. Additionally, Lumo provides its clients with a loyalty programme that entitles them to savings from several merchants.

Ratings Result: Lumo Energy scored four stars in most research categories this year, including overall satisfaction, value for money, customer service, bill and cost transparency, online tools and assistance, and ease of sign-up.

1. Engie (formerly Simply Energy)

Engie is a brand that usually offers a variety of distinctive items at affordable prices. Engie's primary marketing feature is its affiliation with nearby motor clubs, through which it provides discounts and additional 12-month subscriptions to qualified members. It also gives Victorians a unique programme enabling them to accrue movie ticket points. There are no lock-in contracts and variable pricing for all plans.

Rating Result: In 2023, Engie earned three stars for overall satisfaction, three stars for bill and cost transparency, and three stars for value for money. However, customers gave Engie four stars for easy sign-up, online tools and assistance, and customer service.

Cheapest Electricity Prices in Victoria

According to the Canstar Blue database, CovaU, Tango Energy, and EnergyAustralia now have the lowest power plans in this Victoria comparison, ahead of several other well-known suppliers.  

We've included the least expensive plans below so you can understand what you should budget for from various merchants. Note that these rates are predicated on the Citipower network in Melbourne and assume an annual energy use of 4000 kWh.

When a single source has several low-cost offers, we only display the product with the lowest estimated price first. This location's Victorian Default Offer (VDO) is now $1,456 per year. Based on single-rate tariff plans in the database, the average cost of electricity is around 30-31 cents per kilowatt-hour (kWh).

Compare Electricity Plans in Victoria

You want to avoid problems with plan kinds while comparing electricity providers and plans. Fortunately, you need to be aware of the fixed and variable rates. If you have a house loan, you are already familiar with these terms and don't need to take this call. It comes down to this for our friends who rent or are not mortgage-free in any other way:

Electricity plans come in various forms in addition to fixed and variable rates. They might be jutting out with several rates or slender and streamlined with only one rate.

Victorian Default Offer For Residential Customers

Under the Victorian Default Offer, the Energy Services Commission (ESC) sets what it considers to be a reasonable price for power, not the electricity companies. "Access to a fair electricity deal even if they are unable or unwilling to engage in the retail market" is now possible for Victorian customers.

To compare offers and get the best deal possible, you may either ask for the ESC's most recent default offer or use their preset figure.

What Kinds Of Tariffs Are Available in Victoria?

Rates and tariffs work together to determine the total amount on your account. These tariffs are usually present in Victoria:

Single Rate Tariff: This tariff is one-rate, which is precisely what it says on the tin. You only need to be concerned about one rate, regardless of when or how much power you consume.

Time-of-Use Tariffs: Depending on the demanpower, your electrician demander may divide a day into many halves. Peak hours are in the early evening when most people use power, instead of off-peak hours, around three in the morning. Shoulders are the transitional periods between high and low usage. Generally, peak and off-peak electricity prices are higher and lower, respectively.

Controlled Load Tariffs: If you use electric water heaters or underfloor heating to reduce your expenses, you might receive a separate rate for these men. Generally, this entails putting them on a different metre and limiting when they may be used. 

Demand Tariffs: This pricing considers the intensity of your power use at any particular time instead of just the quantity. It's similar to charging according to your maximum speed instead of your distance travelled. 

Depending on how you want your bill to be calculated or how much you know about how much power you use, you may discover that specific tariffs are more enticing than others. Therefore, the tariff type and the consumption rate should be considered when comparing plans.

What Rebates Or Concessions Can You Get In Victoria?

Rebates and concessions elevate discounts to a whole new level of savings. Depending on your situation, you can be qualified for these government-based payments. (Hint: you won't qualify if you're doing OK and usually manage to pay your electrical bills). Consider the rebate rejection a compliment, indicating that you're managing the situation well.)

It makes no difference which electricity retailer you choose because these are directly from the government. Regardless, you ought to see these savings reflected on your power bill. Thus, happily, you won't have to consider this while comparing plans!

What Should You Look For When Comparing Electricity Plans?

Several energy plans are available for selection from most energy providers in Victoria.

However, the following are some elements you should look for while looking for a gas and electricity service or an individual plan:

Sign-up incentives: A familiar enticement power companies offer to prospective consumers is "apply online and get a $50 credit." Although sign-up bonuses are fantastic, you want to avoid being forced into an electricity plan that is $100 more expensive each quarter than the most affordable plan available in your area. Because of this, it's usually a good idea to compare plans first based on use expenses and bonuses.

No lock-in contracts and exit fees: You can quit or switch to another offer without incurring fees if you choose an energy plan without any lock-in contracts or exit fees. In this manner, you won't feel locked in and may move to a better plan whenever it's convenient for you if you're unsatisfied with your existing energy arrangement.

Bill smoothing: Nobody likes to experience the sharp taste of bill shock in the summer or winter when your gas and electricity expenses soar due to heavy air conditioner or heater usage. Finding that additional cash to pay the higher energy bill isn't always accessible for Australians on limited incomes.

Bill smoothing is helpful in this situation. Numerous energy merchants in Victoria have plans with adjustable payment schedules that let you divide the expected yearly cost of their service into equal instalments of one month, two weeks, or three weeks. The option to pay in instalments might considerably simplify managing your household budget. To learn more about how this function operates, please read our guide on bill smoothing.  

Pay on time discount: Take advantage of one of the numerous energy plans in Victoria that give a pay-on-time discount if you consistently pay your account on time, no matter what. However, you could have to pay a higher tariff than a plan without reductions if you're unsure you can complete your monthly payments on time.

Renewable electricity option: Is reducing your carbon footprint something your family won't compromise on? You'll be pleased to learn several green energy plans are available in Victoria from various electrical providers. Or if you think choosing a solar system costs too much, you can consider investing in a solar generator, like Jackery Solar Generator, first.

Jackery Solar Generators Explained

When comparing energy providers in Victoria, incorporating solar solutions can significantly lower overall costs. Jackery, a prominent name in solar technology, manufactures high-quality equipment like solar generators, solar panels, and portable power stations to maximise energy savings.

Jackery is a renowned manufacturer in the solar industry. It focuses on producing top-notch solar equipment like solar generators, solar panels, and portable power stations. Jackery Solar Generators offer a reliable and uninterrupted power supply for household appliances. 

Moreover, integrating energy storage solutions such as the Jackery Solar Generator 2000 Plus or 1000 Plus can complement your solar panel system by storing excess energy generated during the day during peak demand or at night. This ensures an uninterrupted power supply and enables greater self-sufficiency, ultimately enhancing your solar savings and reducing reliance on the grid.

Jackery Solar Generator 2000 Plus

Jackery has unveiled the Solar Generator 2000 Plus, a cutting-edge portable power solution with exceptional performance. Thanks to its substantial capacity and formidable power output, this device can sustain the operation of standard domestic appliances for several weeks and fulfil all the power needs associated with outdoor adventure or professional activity.

The Jackery Solar Generator 2000 Plus allows adding extra battery packs, which boosts the capacity from 2 kWh to a remarkable 12 kWh, thus significantly enhancing the solar charging capabilities. With the ability to be expanded to 3000W, this solar product offers a 30% higher rated power than other 2 kWh solar goods available in the market.  

The Explorer 2000 Plus is an industry's pioneering add-on battery pack that can be recharged using solar panels. This feature enhances versatility, improves charging efficiency, and reduces charging time. The LiFePO4 battery, with its sophisticated technology, guarantees a lifespan of 10 years, even with daily usage limited to once per day. Jackery Solar Panels generate more energy over their lifespan due to their exceptional solar conversion efficiency, reaching up to 25%.

• Massive Battery Capacity: With a whopping 2042.8Wh capacity, powered by LFP (LiFePO4 battery) cell chemistry, you can keep your devices running for more extended periods without worrying about running out of juice.
• High-Powered Outputs: Enjoy up to 3000W of continuous AC power, 100W of USB-C power, and Quick Charge 3.0 technology for rapid charging.
• Fast Charging: Say goodbye to long recharging waits. With the included AC adapter, you can fully recharge the Explorer 2000 Plus in just 1.7 hours, ensuring minimal downtime between adventures.  

Jackery Solar Generator 1000 Plus

The Jackery Solar Generator 1000 Plus is the best portable power supply due to its exceptional output. It can aid in home emergencies and other outdoor activities. It is the all-in-one solar generator for your life due to its versatility and size. 

It supports up to three additional battery packs, bringing the total capacity to 5kWh and providing 1-3 days of home backup power. A solar generator can power communication devices, medical equipment, household appliances, and outdoor electronics, bringing comfort and convenience. 

The Jackery Explorer 1000 Plus portable power station, with a 10-year lifespan and a Lithium Iron Phosphate (LiFePO4) battery, provides a consistent voltage and pure sine wave to ensure the safety of all your electrical gadgets. Additionally, the innovative ChargeShield technology and consistent power delivery avoid equipment damage.

• ChargeShield Technology: The innovative ChargeShield technology and consistent power delivery avoid equipment damage.
• Ultra-Fast Solar Charging: Advanced IBC Technology, Fast Solar Charge in 4.5 Hours with Solar Panel 100W*4.
• Intelligent Control: With the advanced APP feature, via WiFi or Bluetooth.

Compare Energy Victoria FAQs

The following are the frequently asked questions about comparing energy in Victoria.

1. How do I claim a $250 energy rebate in Victoria?

It's easy to get the $250 energy rebate. You can claim it over the phone by phoning the Energy Victoria helpline or online using the official government website.

2. What is the cheapest form of electricity in Australia?

According to recent CSIRO data, even after the high cost of connecting them to the power grid is considered, solar and onshore wind produce Australia's most affordable electricity.

3. How much does 1 kWh cost in Victoria?

In addition, AusNet Services, Citipower, Jemena, Powercor, and United Energy are among VIC's distribution networks. These networks have average power prices ranging from 26.7c/kWh to 35.8c/kWh.

4. What appliances use the most electricity when turned off?

Even when switched off, devices with LCD panels, clocks, lights, DVRs or DVD players, TVs, computers, cable boxes, microwaves, and many more continue to use energy. Electric appliances with a sleep or standby power choice only enter sleep or standby mode; they never fully shut off.

Final Thoughts

It's crucial to compare energy suppliers in Victoria to get the best deals and services that meet your needs. This guide will help you make well-informed comparisons and guarantee that you select an energy provider that satisfies your environmental and budgetary needs.