Are you forever trying to scout better bargains for everything from your weekly grocery bill to your next vacation? You can also apply this same cost-cutting mentality to tackle one of the biggest expenses in your household budget - your electricity bill. If you live in a state with a deregulated energy market, like Victoria, you have the freedom to shop around, switch electricity providers and get yourself a better deal whenever you like.
So what are you waiting for? Here, at Mozo, we can help you find the best electricity provider in your area, or a better electricity plan from your existing provider based on your current usage patterns and preferences. Just enter in your VIC postcode into our electricity comparison tool and we’ll show you the best electricity plan or list of plans from which you can choose to suit your individual electricity needs.
How can I compare electricity prices in Victoria?
Saving hundreds on your electricity and gas bills each year is now easier than ever with Mozo’s online energy comparison tool. We compare 280 plans from 20 energy providers across Victoria to help you find the cheapest deal in your area. Our electricity comparison service is completely free to use, and allows you to find and switch to a range of plans from the leading energy providers.
Comparing energy providers and plans in Melbourne is the best way to save money on your rising gas and electricity bills. It’s not easier than ever to find out how much you can save by switching energy providers. We help you compare prices in minutes so you can see all the deals that are available near you and switch to the cheapest deal in your area. Mozo’s comparison tool can help you save hundreds of dollars a year on your electricity bill simply by switching energy providers, or switching to a new plan with your current provider.
Energy providers often change their pricing and plans, so if you’ve never compared your provider before, chances are you may be missing out on a much better deal. We help you compare energy prices in minutes so you can find and switch to the most competitive plan in your area. How much you spend on electricity is based on a combination of factors, including where you love, your usage charges and your plan options.
To find the cheapest electricity plan in Victoria, simply enter your postcode so that we can see which deals are available near you. Energy rates often vary by region so by telling us where you are, we can look up which providers service your area. If you have a recent bill handy, then you will be able to improve the accuracy of your results by entering your actual usage.
Once you’ve told us where you’re located, we’ll show you a list of the best electricity providers and plans that are on offer in your suburb so you can compare which deal suits you best. The exact number of energy providers that you can choose from will depend on where you live, as different providers service different areas within Australia. When you’ve found the right electricity deal for your home in Melbourne, simply click on the offer and we’ll transfer you to the energy provider’s website. From there you will be able to switch to a cheaper electricity plan either online or over the phone.
I'm moving to Victoria. Can you help me?
Of course. Even if you don’t have an existing electricity bill to give us, we can still easily estimate how much your electricity costs are likely to be based on the size of your household as well as the average costs of electricity and usage in the Victorian suburb you are moving to. We can also help you compare the providers and plans that are available in your new suburb.
How many electricity providers in VIC can I choose from?
Well, this really depends on where you live as different providers service different areas. Mozo’s service compares 20 electricity providers that operate in Victoria so you can be confident that we’re giving you a wide range of all the electricity plans available in your area.
In Victoria we compare 20 electricity providers including some of the following brands:
- AGL
- Allinta Energy
- Click Energy
- CovaU
- Diamond Energy
- Dodo Power and Gas
- Energy Australia
- Lumo Energy
- Momentum Energy
- Origin Energy
- Pacific Hydro
- People Energy
- Power Direct
- Powershop
- Simply Energy
- Sumo Power
Who is the best electricity provider in Victoria?
There isn’t one best electricity provider for every resident in Victoria. Instead, you should be asking yourself who is the best electricity provider for me? The answer to this question depends on a number of factors such as how much electricity you use, the type of meter you have installed at your premises and your bill payment habits.
When choosing a new electricity provider, it is important to keep in mind that the best provider isn’t necessarily the cheapest. There are heaps of other factors you’ll need to consider like whether they have good customer service or if they offer options in terms of renewable energy.
Good news is, Mozo asked many Victorian residents to review their electricity provider on a whole range of things like price, customer service, green energy and trustworthiness. If you want to see how a particular electricity provider rated before making your final decision, you can read some of the customer reviews here.
What should I look for when comparing electricity plans?
Most electricity providers in Victoria offer a range of plans which you can pick from. Here are a few features you should keep an eye out for when choosing the right electricity plan for you:
- Sign up incentives: Many electricity providers have sign up incentives for new customers, for instance, “apply online and get a $50 credit”. While sign up incentives are great, you don’t want to be roped into an electricity plan that costs you $100 more each quarter than the cheapest electricity plan in your area. That’s why it’s always a good idea to compare plans firstly based on usage costs and then compare on sign up incentive.
- Pay on time discount: If you always pay your bill on time whatever the circumstance, you should definitely consider taking advantage of one of the many electricity plans in Victoria that offer a pay on time discount. However, if you’re not sure about being able to make timely payments every month, you could end up paying a higher tariff than a plan without discounts.
- Flexible contract: Whether you’re renting or looking to move houses in the near future, it’s important that you choose a plan with an open ended contract or no exit fees. This way, you’ll have the freedom and flexibility to switch providers or plans without paying an exit fee.
- Renewable electricity option: Is minimising your carbon footprint a non-negotiable in your household? You’ll be happy to hear that most electricity companies in Victoria offer plans with clean electricity generated from renewable sources like solar, wind or hydro.
How much does electricity cost in Victoria?
There isn’t one flat cost for electricity throughout Victoria. Instead, the cost for electricity is determined by a number of factors including where you live, what type of meter you have and of course how much energy you use. Electricity retailers in Victoria will calculate your bill based on:
- fixed supply charge: this is a fixed fee that you pay per day regardless of the amount of electricity you use. This cost generally covers infrastructure (i.e. poles, wires).
- usage charges: this is charged per kilowatt hour of usage.
What can I do to reduce my electricity bill?
With increasing electricity rates, saving on your electricity bill might feel like an impossible task. We’re here to tell you that it isn’t!
Here are some simple things you can do to slash the size of your electricity bill:
- Switch electricity providers or electricity plans
- Buy more energy efficient appliances
- Insulate your home better
- Switch to energy efficient light globes
You can find more helpful energy saving tips for your household at our dedicated energy hub.
What electricity meters are used in Victoria?
The standard electricity meter in Victoria is the smart meter. In fact, the Victorian government has been rolling out smart meters for all residential homes over the past several years. A smart meter is a digital meter that records your electricity usage every 30 minutes. This data is automatically sent to your distributor and puts an end to estimated bills and manual meter readings.
The tariff you pay for your electricity depends on the type of meter that is installed at your premises and the plan you choose. With a smart meter, for instance, you have the option of choosing between a single flat rate or a flexible pricing plan that allow for discounts on your electricity depending on the time of the day. Want to know more? Read our very comprehensive guide on smart meters.
Will I have to pay a fee to switch electricity providers in VIC?
Most electricity providers in Victoria will not charge you to switch providers if you are on an open contract. However, if your electricity plan has a fixed period, you may be charged an early termination fee if you leave the contract before this fixed term expires.
If you are moving houses, you may be charged a connection fee to cover the transfer of your electricity services to your new address. Most providers will include this cost in your first electricity bill.
How does Mozo make money?
Mozo makes money by helping energy providers connect with customers, like you, who are looking for a great energy deal. Most importantly our service is totally free to use and it is the energy providers competing for your business that pay Mozo, not you!
Mozo earns a fee when you click through on a ‘go to site’ or 'check it out' button and are taken to an energy provider’s web site and continue your purchase. These placements are all marked ‘promoted’ or ‘sponsored’ so its very transparent and what you see is what you get!
Mozo may also earn revenue when energy providers purchase display advertising on our site or when we help them use the all the great data we’ve collected.
