Cheapest electricity rates in Melbourne

Looking for Melbourne’s cheapest electricity?

We’ve summarised the best electricity deals available for residential customers in Melbourne. The tables below list the cheapest offer from every retailer for households in the inner suburbs served by the Citipower Network. WATTever strictly ranks the annual cost of plans against the Reference Price. This information is updated at least weekly.

Greater Melbourne is served by four other electricity networks with different usage rates. If you live in North West Melbourne, the Western Suburbs, South Eastern Melbourne or Eastern Melbourne click here to see the cheapest rates available in the other networks.

How much can you save by switching to the cheapest electricity in Melbourne?

According to the Australian Energy Regulator in September 2023, average households in the CitiPower network could save $421 on electricity a year by switching from the standard offer to the cheapest available market deal. In late 2023, the ACCC analysed the prices paid by over 5 million residential customers across Australia. The consumer watchdog discovered nearly half of residential customers in Victoria were on plans with an annual cost equal to or higher than the Victorian Default Offer. Why stay stuck on an expensive plan?

There are now more than twenty competing energy retailers offering electricity deals in Melbourne. So, if you want to make serious savings on your energy costs, it’s vital to check out all your options.

How to find the best electricity deal for your place?

Get a personalised cost ranking of every retailer’s publicly-listed electricity plans based on your unique energy use. If you are a small or big energy user, or perhaps you have solar, a battery or an EV, then WATTever’s comprehensive comparison will help you find the cheapest deals for your home. We include all retailers, tariff types, discounts, solar feed-in tariffs, input for concessions and more to help you make serious savings on energy. Start your online comparison here.

Cheapest Anytime electricity rates in Melbourne by retailer (CitiPower network)

Not in the CitiPower electricity network? Click here to view rates for all electricity networks in Victoria.

Customer Code	Network	Retailer	General Usage	Daily Charge^	Supply Charge	Reference Price *	Max. Discount off Reference Price Sort
RES001	CitiPower	1st Energy	21.88c	41.26c	41.26c	30% less than	1,300
RES001	CitiPower	Alinta Energy	20.67c	82.98c	82.98c	22% less than	1,220
RES001	CitiPower	Arcline by RACV	25.00c	53.00c	53.00c	18% less than	1,180
RES001	CitiPower	Blue NRG	25.75c	116.73c	116.73c	0% less than	1,000
RES001	CitiPower	CovaU	26.83c	93.25c	93.25c	3% less than	1,030
RES001	CitiPower	Diamond Energy	24.00c	108.80c	108.80c	7% less than	1,070
RES001	CitiPower	Dodo	26.78c	93.38c	93.38c	3% less than	1,030
RES001	CitiPower	EnergyAustralia	22.66c	102.72c	102.72c	12% less than	1,120
RES001	CitiPower	Flow Power	29.44c	64.39c	64.39c	3% less than	1,030
RES001	CitiPower	GloBird Energy	16.83c	90.70c	90.70c	30% less than	1,300
RES001	CitiPower	Kogan Energy	20.37c	92.32c	92.32c	21% less than	1,210
RES001	CitiPower	Lumo Energy	22.65c	91.02c	91.02c	15% less than	1,150
RES001	CitiPower	Momentum Energy	19.36c	109.78c	109.78c	23% less than	1,230
RES001	CitiPower	Nectr	25.75c	116.73c	116.73c	0% less than	1,000
RES001	CitiPower	Origin Energy	22.66c	102.72c	102.72c	23% less than	1,230
RES001	CitiPower	OVO Energy	20.35c	82.50c	82.50c	23% less than	1,230
RES001	CitiPower	Pacific Blue	19.42c	108.90c	108.90c	19% less than	1,190
RES001	CitiPower	Powershop	23.77c	107.75c	107.75c	18% less than	1,180
RES001	CitiPower	Red Energy	22.20c	97.79c	97.79c	14% less than	1,140
RES001	CitiPower	AGL	22.66c	102.72c	102.72c	26% less than	1,260
RES001	CitiPower	Amber	25.23c	122.41c	122.41c	3% less than **	1,031
RES001	CitiPower	Energy Locals	24.00c	104.00c	104.00c	18% less than **	1,181
RES001	CitiPower	ENGIE	23.17c	105.05c	105.05c	27% less than **	1,271

Cheapest Time Of Use 2 Rate (7 day) electricity rates in Melbourne by retailer (CitiPower Network)

TOU Periods: Off-Peak = 9pm-3pm and Peak = 3pm-9pm

Customer Code	Network	Retailer	Peak TOU	Off-Peak TOU	Daily Charge^	Supply Charge	Reference Price *	Max. Discount off Reference Price Sort
RES001	CitiPower	1st Energy	29.27c	17.67c	41.26c	41.26c	31% less than	1,310
RES001	CitiPower	Alinta Energy	26.77c	17.58c	82.98c	82.98c	23% less than	1,230
RES001	CitiPower	Arcline by RACV	33.20c	20.00c	55.00c	55.00c	19% less than	1,190
RES001	CitiPower	Blue NRG	34.46c	20.87c	116.73c	116.73c	1% less than	1,010
RES001	CitiPower	CovaU	34.46c	20.87c	116.73c	116.73c	1% less than	1,010
RES001	CitiPower	Diamond Energy	32.11c	19.45c	108.79c	108.79c	8% less than	1,080
RES001	CitiPower	Dodo	35.15c	22.12c	93.38c	93.38c	4% less than	1,040
RES001	CitiPower	EnergyAustralia	30.32c	18.37c	102.72c	102.72c	13% less than	1,130
RES001	CitiPower	Flow Power	28.57c	28.57c	69.89c	69.89c	4% less than	1,040
RES001	CitiPower	GloBird Energy	24.97c	12.10c	93.50c	93.50c	32% less than	1,320
RES001	CitiPower	Kogan Energy	27.25c	16.51c	92.32c	92.32c	22% less than	1,220
RES001	CitiPower	Lumo Energy	29.37c	19.27c	91.02c	91.02c	15% less than	1,150
RES001	CitiPower	Momentum Energy	25.96c	15.73c	109.78c	109.78c	23% less than	1,230
RES001	CitiPower	Nectr	34.46c	20.87c	116.73c	116.73c	1% less than	1,010
RES001	CitiPower	Origin Energy	30.33c	18.37c	102.72c	102.72c	24% less than	1,240
RES001	CitiPower	OVO Energy	26.73c	17.49c	82.50c	82.50c	23% less than	1,230
RES001	CitiPower	Pacific Blue	24.53c	18.70c	108.90c	108.90c	16% less than	1,160
RES001	CitiPower	Powershop	31.81c	19.27c	107.75c	107.75c	19% less than	1,190
RES001	CitiPower	Red Energy	30.78c	20.40c	97.79c	97.79c	10% less than	1,100
RES001	CitiPower	AGL	30.32c	18.36c	102.72c	102.72c	27% less than	1,270
RES001	CitiPower	Amber	27.43c	27.43c	122.41c	122.41c	3% more than **	971
RES001	CitiPower	Energy Locals	32.00c	19.50c	107.00c	107.00c	19% less than **	1,191
RES001	CitiPower	ENGIE	31.01c	18.78c	105.05c	105.05c	28% less than **	1,281

Rates shown include GST and all available discounts.
Plan rates are variable and future rates may be subject to change by the Retailer - except where plan rates are stated as fixed in the Basic Plan Information Documents/Energy Price Fact Sheet.
Plans are updated each weekday from the Retailer's Basic Plan Information Documents/Energy Price Fact Sheets (except plans for WA and NT).
^ Daily Charge includes the daily supply charge and the per day value of recurring fees or credits (eg. membership fees, monthly bill credits etc).
* Reference Price Discount refers to the discount off the yearly cost of the Default Market Offer (DMO) for NSW, QLD and SA, Victorian Default Offer (VDO), ActewAGL Standing offer for ACT or Aurora Regulated Offer for TAS, for a household on a flat/anytime rate without controlled load tariff. Discount is calculated based on annual usage in each state/network area of 7,722kWh (ACT), 3,900kWh (NSW-Ausgrid), 4,900kWh (NSW-Endeavour), 4,600kWh (NSW-Essential), 4,600kWh (QLD-Energex), 4,000 (SA), 4,000kWh (VIC) and 9,475kWh (TAS) AER benchmark. The DMO and VDO Reference Price is a guide (provided by the AER and ESC) and does not take into account solar export nor a property's actual annual usage or when that usage occurs (for Time Of Use plans).
For plans with a demand tariff, the reference price discount calculated by WATTever includes a demand charge that assumes a peak demand of 25% of the daily benchmark electricity consumption.
  ** The Reference Price Discount shown for partner retailers includes the value of exclusive benefits available when switching through wattever.com.au including Prezzee eGift cards from WATTever and additional upfront/recurring credits from partner retailers.
Time of Use hours displayed are the periods published by each network. Individual retailers may offer different time of use hours - please review the plan BPID/Fact Sheet.