Cheapest Electricity Provider Melbourne

Stop Overpaying for Electricity, Melbourne! Save $214 to $394 Every Year

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How much you can save with cheapest Energy Provider Melbourne

Below we show a comparison of the Big 3 energy prices in Melbourne (updated 2025) by tariff type. Average Melbourne households could save from $214 to $394 annually by comparison with the Top 3 energy Providers in Melbourne – Find the Best energy prices in Melbourne for Your Home or Business. Larger than average homes or businesses can save even more.

VIC – Elec

Usage TypeAGLOriginEABest Plan
Peak 10.21880.22660.22660.1705
Peak 2N/AN/AN/A0.2079
Daily charge0.99221.02701.02701.0340
Yearly Cost$1,402$1,452$1,452$1,188
Overpayment$214$264$264
Usage TypeAGLOriginEABest Plan
Peak 10.25870.26800.26800.1980
Peak 2N/AN/AN/A0.2354
Daily charge1.11901.15801.15811.1770
Yearly Cost$1,638$1,696$1,696$1,371
Overpayment$267$326$326
Usage TypeAGLOriginEABest Plan
Peak 10.25950.26870.26880.1980
Peak 2N/AN/AN/A0.2387
Daily charge1.0291.06501.06481.0890
Yearly Cost$1,609$1,666$1,666$1,338
Overpayment$270$327$327
Usage TypeAGLOriginEABest Plan
Peak 10.30050.31120.31120.2266
Peak 20.30730.31830.31830.2673
Daily charge1.13501.17501.17481.2100
Yearly Cost$1,847$1,912$1,912$1,518
Overpayment$328$394$394
Usage TypeAGLOriginEABest Plan
Peak 10.24510.25380.25380.1859
Peak 2N/AN/AN/A0.2266
Daily charge0.93120.96400.96360.9790
Yearly Cost$1,505$1,558$1,558$1,241
Overpayment$264$317$317

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Average Melbourne households could save from $214 to $394 annually by comparison with the Top 3 energy Providers in Melbourne

Electricity distributor, managing the infrastructure that delivers power to your home or business. They’re responsible for:

      • Maintaining power lines and poles

      • Managing emergency responses during outages

      • Installing and maintaining meters

      • Ensuring reliable power distribution across the network

      • Setting network tariff types and transfer rules

    • Powercor Australia: Serves Melbourne’s outer western suburbs and regional/rural areas in the central and western parts of Victoria. 
       
    • Ausnet Services: Responsible for the outer northern and eastern suburbs, as well as Victoria’s 6,000-kilometer high-voltage electricity transmission system. 
       
    • United Energy Distribution: Supplies electricity to southern suburbs and the Mornington Peninsula. 
       
    • Citipower: Operates in the city and inner suburbs. 
       
    • Jemena: Serves northern and north-western suburbs. 

    You have the freedom to choose from multiple energy providers who compete to offer you the best rates and services.

    Anytime tariffs have the same rates for electricity at all times.Customers without smart meters use this tariff.
    Demand tariffs by default if customers with smart meters are assigned to network and may instead switch to time of use if they choose. Recently the AER limited the right of your energy provider to pass this network tariff through to you,
    Demand tariffs have a separate charge for your maximum use of energy in a half hour period in the evening 4pm to 9pm in addition to an anytime energy charge.
    Time of use tariffs have a peak period 3pm to 9pm every day, super off peak is 9am to 3pm while all other periods are off peak. If you have one of these tariffs, we can compare for you.

    Minimum Flat Rate:
    • 2024-25: 3.3 cents per kilowatt-hour. 
       
    • This applies regardless of the time of day or day of the week. 
    Time-Varying Minimum Tariffs (Option 1):
    • Overnight: 7.6 c/kWh.
    • Day: 2.8 c/kWh.
    • Early Evening: 7.0 c/kWh. 
    Time-Varying Minimum Tariffs (Option 2):
    • Shoulder: 4.1 c/kWh.
    • Off-Peak: 2.1 c/kWh.
    • Peak: 8.4 c/kWh 
    Important Notes:
    • Premium Feed-in Tariff (PFiT) Ended: The Victorian Government’s PFiT scheme ended on November 1, 2024. 
       
    • Retailers Can Offer Higher Rates: Retailers are not limited to the minimum tariffs and can offer higher rates. 
       
    • Check with Retailers: If you are affected by the removal of PFiT, contact your retailer to discuss their offers. 
       
    • Use Energy Price Comparison Tools: The Victorian Government’s energy price comparison tool can help you find the best prices available. 
    • Minimum Feed-in Tariff Review: The Essential Services Commission (ESC) conducts reviews of the minimum feed-in tariffs, and you can find more information on their website. 
    • Solar Victoria Incentives: There are new opportunities for early adopters of solar through Solar Victoria’s incentives. 
    • Solar Panel Rebates: Solar panel rebates of up to $1,400 are available for eligible Victorians. 

    Most customers stay with the same energy provider too long and pay the loyalty tax. Our unique electricity online portal takes the hassle out of switching.. 

    It’s dead easy to switch. You get details of cheapest energy provider Melbourne and simple 3 step instructions to complete your switch. Signing up just takes a few minutes.

    If you have a smart meter you can choose from different tariff options.

    If you have a smart meter it is quicker to complete the switch, otherwise the switch will be completed when your meter is read whether your. 

    ISelect are the market leader in comparing energy plans in Melbourne and regional VIC but as we show in our recent article, they often don’t have the cheapest electricity suppliers Melbourne or the cheapest gas suppliers Melbourne because they only compare for the companies that pay them. The energy companies don’t allow them to switch you again when a cheaper price is available as we do. Our electricity tariff comparison tool is always checking for the cheapest deal. Get every offer from every company compared. We don’t accept commissions or payments or inducements from energy companies. We only work for you.

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