Cheapest Electricity Plans in Victoria, Network by Network

Finding the cheapest electricity in Victoria

Victoria has the most competitive electricity market in the country, with more than twenty retailers publishing plans in each of its five networks. That is why the gap between the cheapest plan and the Victorian Default Offer is often larger here than elsewhere.

The five networks are CitiPower in inner Melbourne, Jemena in the north-west, United Energy in the south-east and on the Mornington Peninsula, AusNet Services in the east, and Powercor in the west and across western Victoria.

Every Victorian retailer must show its plans on Victorian Energy Compare, the state government's comparison site. Use it with a year of your own usage to confirm the ranking for your home.

Cheapest electricity in the AusNet Services network

Eastern Melbourne and eastern Victoria. Victorian Default Offer: $1,747 a year at 4,000 kWh.

At 2,500 kWh a year the cheapest are Tango Energy ($959), 1st Energy ($986), OVO Energy ($989). At 6,500 kWh a year they are 1st Energy ($1,981), OVO Energy ($1,986), Sumo ($2,037).

Cheapest electricity in the CitiPower network

Inner Melbourne. Victorian Default Offer: $1,481 a year at 4,000 kWh.

At 2,500 kWh a year the cheapest are Tango Energy ($811), 1st Energy ($828), OVO Energy ($829). At 6,500 kWh a year they are Sumo ($1,603), 1st Energy ($1,616), OVO Energy ($1,618).

Cheapest electricity in the Jemena network

North-west Melbourne. Victorian Default Offer: $1,563 a year at 4,000 kWh.

At 2,500 kWh a year the cheapest are Tango Energy ($863), 1st Energy ($872), OVO Energy ($886). At 6,500 kWh a year they are 1st Energy ($1,704), Sumo ($1,727), OVO Energy ($1,732).

Cheapest electricity in the Powercor network

Western Melbourne and western Victoria. Victorian Default Offer: $1,633 a year at 4,000 kWh.

At 2,500 kWh a year the cheapest are Tango Energy ($901), 1st Energy ($916), OVO Energy ($926). At 6,500 kWh a year they are 1st Energy ($1,770), Sumo ($1,787), OVO Energy ($1,795).

Cheapest electricity in the United Energy network

South-east Melbourne and the Mornington Peninsula. Victorian Default Offer: $1,529 a year at 4,000 kWh.

At 2,500 kWh a year the cheapest are Tango Energy ($819), Sumo ($835), 1st Energy ($838). At 6,500 kWh a year they are Sumo ($1,648), 1st Energy ($1,656), OVO Energy ($1,663).

How to get the best price

1. 01

   Find your network

   It is on your bill as the distributor. Prices differ a lot between networks.

2. 02

   Use a year of your own usage

   Add up the kWh on four quarterly bills, or download your smart meter data.

3. 03

   Check the full plan

   Look at the supply charge, usage rate, feed-in tariff and any conditions on the fact sheet.

4. 04

   Compare on the government site

   Victorian Energy Compare lists every generally available plan and prices it on your usage.

5. 05

   Ask your current retailer first

   Your bill's better offer message may already point to a cheaper plan.

Wholesale-linked retailers such as Amber Electric and Flow Power are not ranked because their prices follow the wholesale market, so their published rates are only estimates.

How these prices were worked out

Every price on this page comes from the plans retailers publish to the AER's Energy Made Easy data under the Consumer Data Right, as at 14 October 2026. We price flat-rate (single rate) plans that any household in the area can sign up for, at 2,500, 4,000, 6,500 kWh a year, including GST, the daily supply charge and guaranteed discounts. Conditional discounts, such as for paying on time, are left out. Plans limited to members, existing customers or homes with particular equipment are excluded. Retailers with wholesale-linked prices are listed separately, not ranked.

Prices change, sometimes weekly. Always confirm the current price on the retailer's plan fact sheet or a government comparison site before you switch. Our switching guide covers the steps.

Common questions