Electricity prices in Victoria are always changing — and without realising it, many households are paying much more than necessary. With the average VIC household using around 5,077 kWh per year and facing typical annual electricity costs between $1,300 and $1,900, finding the cheapest electricity plan in 2026 can deliver serious savings.

Our comparison guide uses real-time data from government-regulated sources like Energy Made Easy and Victoria Energy Compare, ensuring you see the most accurate, up-to-date electricity prices available. Plans are ranked by estimated annual cost for typical usage, factoring in supply charges, usage rates, and solar feed-in tariffs — making it simple to compare, switch, and save with confidence.

Want to compare electricity plans across Australia? See all states compared here.

Cheapest Electricity Plans in VIC

Key Factors to Compare Electricity Plans in VIC

When choosing the best electricity plan in Victoria, it’s important to look beyond just the lowest headline rate. Key features to compare include:

• Daily Supply Charges:
  This fixed daily fee applies whether you use electricity or not. Lower supply charges help minimise total costs, especially for lower-usage households.
• Usage Rates (c/kWh):
  The rate you pay for electricity consumption. For time-of-use tariffs, check peak, shoulder, and off-peak rates to match your lifestyle.
• Solar Feed-in Tariffs:
  If you have rooftop solar panels, compare FiT rates carefully — higher feed-in tariffs mean more savings for exported energy.
• Discounts & Promotions:
  Some plans offer discounts for direct debit, pay-on-time, or online billing. Make sure the conditions are achievable.
• Contract Terms & Exit Fees:
  Look for flexible, no-lock-in contracts or minimal penalty fees if you switch providers in the future.
• Billing Options & Hidden Fees:
  Review charges for paper bills, late payments, or credit card surcharges that could inflate your real costs.
• Green Energy Options:
  Many providers offer GreenPower-accredited plans using 100% renewable electricity if sustainability is important to you.

Switch to a Better Electricity Plan in Victoria

Switching to a better electricity plan in Victoria can save you hundreds of dollars each year. By comparing usage rates, supply charges, solar tariffs, and government rebates, you can find a plan that suits your household needs — and start saving today.

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James Shand

Marketing Manager at Solar Choice

With half a decade experience in the solar energy industry, specialising in business strategy and marketing for solar companies. He has worked with top solar distributors in Canada and now collaborates with solar manufacturers and installers across Australia via Solar Choice, Australia's leading solar comparison platform. With degrees in business technology, science, and marketing, James combines in-depth market insights with technical knowledge, positioning him as a trusted authority in renewable energy.

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