Best Electricity Plans in Victoria (2026)

Victoria electricity market

Victoria has a unique market with the Victorian Default Offer (VDO), which acts as a reference price. Smart meters are mandatory across the state, allowing for advanced time-of-use tariffs. Competition is high between major players like Origin, AGL, and newcomers like Amber which offer wholesale pricing.

Typical annual cost: $1,400

Rebates and concessions

Victorians can access the Annual Electricity Concession (17.5% off usage) and the Utility Relief Grant Scheme (URGS) if they are having trouble paying bills.

Cheapest electricity plans we track

• Lumo EnergyLumo Plus$61/mo
• Lumo EnergyLumo Plus$61/mo
• Lumo EnergyLumo Plus$63/mo
• Lumo EnergyLumo Plus$63/mo
• Lumo EnergyLumo Plus$65/mo
• Lumo EnergyLumo Plus$65/mo

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Other states

New South WalesQueenslandSouth AustraliaWestern AustraliaACTTasmania

General information only, not financial advice. Prices change; check the provider before switching.