Compare electricity and gas plans in Melbourne and VIC

Residents in Victoria are continuing to be hit with energy price hikes in 2023. Compare and switch to avoid a bill shock.

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Compare electricity plans in Melbourne and Victoria

Our table shows you the difference between the annual price estimate for each plan and how it stacks up against the Victorian Default Offer, which is the benchmark set by the state government.

Ideally, you want a plan that is lower than the default offer price, as it'll be cheaper.

1 - 10 of 49
Name Product Details Electricity Price (annual) Difference from Default offer Apply Description
AGL Basics
Energy Fact Sheet
AGL Basics
Energy Fact Sheet
AGL Basics

$1,276
6% less
• Annual estimate includes $75 sign up credit for new customers
Arcline Energy Plan
Energy Fact Sheet
Arcline Energy Plan
Energy Fact Sheet
Arcline Energy Plan

$1,304
4% less
• Annual estimate includes $144 annual membership fee
AGL Value Saver
Energy Fact Sheet
AGL Value Saver
Energy Fact Sheet
AGL Value Saver

$1,006
26% less
• Annual estimate includes $75 sign up credit for new customers
Green Company
Energy Locals Online Member

$1,304
4% less
• Annual estimate includes $143.88 annual membership fee
Dodo Power
Energy Fact Sheet
Dodo Power
Energy Fact Sheet
Dodo Power

$1,266
6% less
1st Energy Saver
Energy Fact Sheet
1st Energy Saver
Energy Fact Sheet
1st Energy Saver

$1,036
23% less
Lumo Energy Basic
Energy Fact Sheet
Lumo Energy Basic
Energy Fact Sheet
Lumo Energy Basic

Electricity not available in VIC
N/A
Tango eSelect
Energy Fact Sheet
Tango eSelect
Energy Fact Sheet
Tango eSelect

$1,193
12% less
Simply Blue Perks
Energy Fact Sheet
Simply Blue Perks
Energy Fact Sheet
Simply Blue Perks

$1,258
7% less
Alinta HomeDeal Energy
Energy Fact Sheet
Alinta HomeDeal Energy
Energy Fact Sheet
Alinta HomeDeal Energy

$1,270
6% less
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The annual estimated electricity prices are based on a residential customer on the Jemena network at postcode 3042 who consumes 4000kWh yearly on a single rate tariff. Your actual bill may vary depending on your consumption.

Cheapest electricity providers in Melbourne and VIC

The top 3 electricity providers in VIC currently offering the cheapest plans are:

1st Energy Saver

from $1036 /yr

23% less than reference price

  • Cheapest electricity rates on Finder for Victoria as of May 2023
  • No credit card fees
  • Monthly billing available

    AGL Value Saver

    from $1127 /yr

    17% less than reference price

    • Price includes $50 sign up credit
    • Up to $35/month off for the first year when you bundle NBN and energy
    • Mobile app and live chat support available
    • Monthly billing available

      Best electricity provider in Melbourne and VIC

      As of May 2023, the best electricity provider in VIC is 1st Energy.

      Not only does it offer the cheapest electricity rate in Victoria this month but unlike some other providers, you won't be charged extra for paying with a credit card.

      There's also monthly billing available if you prefer to keep on top of your energy bills more frequently.

      Just keep in mind that move-in fees apply.

      Top pick:
      Electricity

      1st Energy Saver

      from $1036 /yr

      • Cheapest electricity rates on Finder for Victoria as of May 2023
      • No credit card fees
      • Monthly billing available
      • Move in fees apply

      Compare gas plans in Melbourne and Victoria

      We've included guaranteed discounts and any available sign up incentives to the annual price estimate to help you compare gas plans.

      Name Product Details Gas price (annual) Apply Description
      AGL Basics
      Energy Fact Sheets
      AGL Basics
      Energy Fact Sheets
      AGL Basics

      $2,003
      • Annual estimate includes $75 sign up credit for new customers
      Dodo Power
      Energy Fact Sheets
      Dodo Power
      Energy Fact Sheets
      Dodo Power

      $1,421
      AGL Residential Seniors Saver

      $1,623
      • Annual estimate includes $25 sign up credit for new customers
      Lumo Energy Basic
      Energy Fact Sheets
      Lumo Energy Basic
      Energy Fact Sheets
      Lumo Energy Basic

      Gas not available in VIC
      Simply Saver
      Energy Fact Sheets
      Simply Saver
      Energy Fact Sheets
      Simply Saver

      $1,322
      Red Energy Living Energy Saver

      $1,738
      Lumo Energy Value
      Energy Fact Sheets
      Lumo Energy Value
      Energy Fact Sheets
      Lumo Energy Value

      $1,398
      Simply Blue Perks
      Energy Fact Sheets
      Simply Blue Perks
      Energy Fact Sheets
      Simply Blue Perks

      $1,322
      EnergyAustralia Balance Plan

      $1,651
      • Annual estimate includes $50 sign up credit for new customers
      Alinta HomeDeal Energy
      Energy Fact Sheets
      Alinta HomeDeal Energy
      Energy Fact Sheets
      Alinta HomeDeal Energy

      $1,693
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      The annual estimated gas prices are based on a residential customer on the AusNet Services network at postcode 3042 who consumes 46000MJ yearly. Your actual bill may vary depending on your consumption.

      Cheapest gas providers in Melbourne and VIC

      The top 3 gas providers in VIC currently offering the cheapest plans are:

      Lumo Energy Plus

      from $1168 /yr

      • Variable rates and no lock-in contract
      • eBilling options
      • Access Lumo Rewards program

        Tango eSelect

        from $1305 /yr

        • Variable rates
        • No lock-in contract
        • Electronic or paper billing available

          Simply Saver

          from $1322 /yr

          • 2022 Finder Award for best rated electricity and gas provider (national)
          • 100% carbon neutral energy
          • Live chat support
          • Mobile app available

            Best gas provider in Melbourne and VIC

            As of May 2023, the best gas provider in VIC is Simply Energy, winner of the 2022 Finder Customer Satisfaction Award for Best Gas Provider (national).

            It offers one of the most competitively priced gas plans in the state thanks to a 11% guaranteed discount on your plan fees. They're also carbon neutral at no extra cost to you.

            Just keep in mind you'll need to pay credit card fees if applicable.

            Top pick:
            Gas

            Simply Saver

            from $1261 /yr

            • 2022 Finder Award for best rated electricity and gas provider (national)
            • 100% carbon neutral energy
            • Live chat support
            • Mobile app available
            • Credit card fees apply

            Why compare energy plans with Finder?

            • We don't charge extra. Prices shown on Finder are the same as those you get directly from energy providers.

            • We regularly update plans and offers from providers so you can make an informed decision.

            • We've helped over 1.16 million people compare energy plans in the last 3 years.

            How do I compare and switch energy providers in VIC?

            There are 3 main factors that should be front of mind when comparing energy providers in Victoria.

            1. Price. There's usually room to find a better energy plan than what you're currently on, especially if you haven't switched providers in over 12 months. You can use our comparison engine to find the best price available to you in your area.
            2. Discounts. You will see these displayed as either discounts or a percentage less than the Victorian Default Offer (VDO). The VDO is a benchmark set by the government to help you compare energy plans.
            3. Hidden costs. Always read the terms and conditions set by a provider as there might be extra costs that aren't displayed straight away. These include connection/disconnection fees, meter reads, credit card charges and late fees.

            You can read our guide to switching energy providers if you want more details.

            Greenest energy providers in VIC

            Switching to a green electricity provider in Victoria can help you reduce your carbon footprint and bring more renewable energy to the grid.

            The Green Electricity Guide independently ranks energy providers across Australia to find out which is the most environmentally friendly of the lot.

            Currently, the top 3 green energy providers in Victoria are:

            How do I claim the $250 energy rebate in Victoria?

            Households in Victoria can access round 2 of the $250 Power Saving Bonus as of 24 March 2023.

            More than 1.7 million households have already taken advantage of the rebate since it was launched in 2022.

            All you have to do is head to the Victorian Energy Compare website to start the application process.

            Do I qualify for any other energy rebates or concessions in VIC?

            Apart from the $250 Power Saving Bonus, you could be eligible for further rebates and concessions.

            Annual electricity concession
            Annual electricity concession

            This concession is available year-round and is calculated once discounts from your energy provider and any solar credits have been deducted.
            Low income house
            Controlled load electricity concession
            This concession gives you a discount on controlled load usage charges for separately-metered hot water or slab heating systems.

            The discount is available year-round but only applies to the controlled load or dedicated circuit parts of your bill for the heating system.

            Excess electricity concession
            Excess electricity concession

            You can apply for this concession type if your usage and service costs are above $3,000 per year starting 1 December 2021. Please note this amount can change each year.
            Excess gas concession
            Excess gas concession

            Households with a gas bill above $1,734 between 1 May and 31 October 2022 can apply for the excess gas concession. Keep in mind this amount is likely to change year on year.
            Life support concession
            Life support concession

            If you or another member of your household requires energy-intensive medical equipment at home, you may be entitled to a quarterly discount for the power used.
            Medical Energy Rebate
            Medical cooling concession

            The Medical Cooling Concession is given between 1 November and 30 April if you or someone in your household has a medical condition which prevents effective regulation of body temperature.
            Winter gas concession
            Winter gas concession

            This allows you a discount on your mains gas bill during the winter period from 1 May to 31 October each year. The discount will only apply up to a certain limit after which you'll need to apply for the Excess Gas Concession.
            Service to property charge concession
            Service to property charge concession

            When your energy bill's usage charge is less than your energy supplier's service charge, the latter is reduced to the cost of the electricity used.

            Frequently asked questions

            More guides on Finder

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