Compare the cheapest electricity rates in Victoria

Last Updated on May 7, 2025 by David Hiley

Best electricity usage rates summary

Looking for the lowest electricity rates in Victoria?

We’ve summarised the cheapest residential usage rates for all five electricity networks in Victoria including AusNet Services (serving Eastern Victoria), CitiPower (for Melbourne CBD and inner suburbs), Jemena (in North West Melbourne), Powercor (for Western Victoria) and United Energy (serving South Eastern Melbourne and Mornington Peninsula) for each retailer’s publicly-listed electricity plans.

Want to find the best deal for your home?

WATTever’s free electricity comparison makes it easy with a personalised cost ranking of all publicly listed electricity plans, based on your energy use. Small or large household? Got solar, storage or an EV? You are not average! Get it right with WATTever’s comprehensive comparison. We include all retailers, tariff types, discounts, solar feed-in tariffs, input for concessions and more to help you make serious savings on energy
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WATTever compares over 45 energy retailers including AGL, 1st Energy, ActewAGL, Alinta Energy, Amber, Ampol Energy, Blue NRG, CovaU, Diamond Energy, dodo, Energy Australia, Energy Locals, ENGIE, loBird Energy, Kogan Energy, Lumo Energy, nectr, Origin Energy, OVO energy, Powershop, ReAmped Energy, Red Energy, Sumo Power and Tango Energy.

Select your electricity network:

Cheapest Anytime electricity rates by retailer in the AusNet Services Network (Eastern Victoria)

Cheapest Time Of Use 2 Rate (7 day) electricity rates by retailer in the AusNet Services Network (Eastern Victoria)

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

Cheapest Anytime Demand electricity rates by retailer in the AusNet Services Network (Eastern Victoria)

Cheapest Anytime electricity rates by retailer in the CitiPower Network (Melbourne CBD and inner suburbs)

Cheapest Time Of Use 2 Rate (7 day) electricity rates by retailer in the CitiPower Network (Melbourne CBD and inner suburbs)

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

Cheapest Time Of Use 3 Rate electricity rates by retailer in the CitiPower Network (Melbourne CBD and inner suburbs)

TOU Periods: Peak = 3pm-9pm, Off-Peak = 10am-3pm, Shoulder = all other times

Cheapest Anytime Demand electricity rates by retailer in the CitiPower Network (Melbourne CBD and inner suburbs)

Cheapest Anytime electricity rates by retailer in the Jemena Network (North West Melbourne)

Cheapest Time Of Use 2 Rate (7 day) electricity rates by retailer in the Jemena Network (North West Melbourne)

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

Cheapest Anytime Demand electricity rates by retailer in the Jemena Network (North West Melbourne)

Cheapest Anytime electricity rates by retailer in the Powercor Network (Western Victoria)

Cheapest Time Of Use 2 Rate (7 day) electricity rates by retailer in the Powercor Network (Western Victoria)

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

Cheapest Time Of Use 3 Rate electricity rates by retailer in the Powercor Network (Western Victoria)

TOU Periods: Peak = 3pm-9pm, Off-Peak = 10am-3pm, Shoulder = all other times

Cheapest Anytime Demand electricity rates by retailer in the Powercor Network (Western Victoria)

Cheapest Anytime electricity rates by retailer in the United Energy Network (South Eastern Melbourne and Mornington Peninsula)

Cheapest Time Of Use 2 Rate (7 day) electricity rates by retailer in the United Energy Network (South Eastern Melbourne and Mornington Peninsula)

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

Cheapest Time Of Use 3 Rate electricity rates by retailer in the United Energy Network (South Eastern Melbourne and Mornington Peninsula)

TOU Periods: Peak = 3pm-9pm, Off-Peak = 10am-3pm, Shoulder = all other times

Cheapest Anytime Demand electricity rates by retailer in the United Energy Network (South Eastern Melbourne and Mornington Peninsula)

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 refers to the unconditional 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 rate tariff without controlled load. 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. Energy Regulators require the DMO and VDO Reference Price to be displayed, however it does not take into account solar export nor a property's actual annual usage or when that usage occurs (for Time Of Use plans).
Cost/Year estimate shown is for the first year and includes all conditional discounts plus the value of exclusive benefits available when switching through wattever.com.au such as Prezzee eGift cards from WATTever and additional upfront/recurring credits from partner retailers. See plan details for more information. Your bill will vary based on actual usage.
For plans with a demand tariff, the annual cost estimate calculated by WATTever includes a demand charge that assumes a peak demand of 25% of the daily benchmark electricity consumption.
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.

Banner Elec Compare all retailers and save with WATTever
WATTever compares over 45 energy retailers including AGL, 1st Energy, ActewAGL, Alinta Energy, Amber, Ampol Energy, Blue NRG, CovaU, Diamond Energy, dodo, Energy Australia, Energy Locals, ENGIE, loBird Energy, Kogan Energy, Lumo Energy, nectr, Origin Energy, OVO energy, Powershop, ReAmped Energy, Red Energy, Sumo Power and Tango Energy.
2024-25 DMO electricity price

2024-25 DMO electricity price pause

May 23, 2024

The Australian Energy Regulator (AER) has today announced its final determination for the 2024-25 DMO electricity price. The good news is electricity prices rises are on pause – with a small decrease!

Read More »