The cheapest electricity plans in Victoria.
- First$1,273a year1st Emerald1st Energy29.04c peak a kWh · $0.92 a day to supply · Needs a smart meterGo to site
- Second$1,277a yearThe One PlanOVO Energy29.88c peak a kWh · $0.94 a day to supply · Needs a smart meterGo to site
- Third$1,328a yearLumo PlusLumo Energy31.01c peak a kWh · $1.06 a day to supply · Needs a smart meterGo to site
Ranked by a year’s bill for a typical two-person home on CitiPower’s network in Melbourne 3000 (4,840 kWh a year, the AER’s benchmark): supply and usage with GST, less guaranteed discounts, cheapest first. One plan per retailer, its cheapest. Leaves out wholesale plans, whose prices are the retailer’s estimate; demand plans, which need your meter data; plans sold only through comparison sites, to members or to existing customers; and plans only for homes with solar, a battery or an EV. Compares 21 retailers, not the whole market.
The other 18 plans
Ranked by a year’s bill for a typical two-person home on CitiPower’s network in Melbourne 3000 (4,840 kWh a year, the AER’s benchmark): supply and usage with GST, less guaranteed discounts, cheapest first. One plan per retailer, its cheapest.
| # | Plan | Usage rate | Supply | First-year credit | Victoria | Links |
|---|---|---|---|---|---|---|
| 4 |  | 37.4c peak | $0.68 a day | — | $1,334a year$61.22 more than first ranked | Go to site |
| 5 |  | 30.65c peak | $0.97 a day | — | $1,343a year$70.15 more than first ranked | Go to site |
| 6 |  | 31.82c peak | $1.01 a day | — | $1,394a year$121 more than first ranked | Go to site |
| 7 |  | 31.82c peak | $1.01 a day | — | $1,394a year$121 more than first ranked | Go to site |
| 8 |  | 22.79c | $0.82 a day | — | $1,401a year$128 more than first ranked | Go to site |
| 9 |  | 22.32c | $1.08 a day | $150 off | $1,475a year$203 more than first ranked | Go to site |
| 10 |  | 25.42c peak | $0.73 a day | — | $1,498a year$225 more than first ranked | Go to site |
| 11 |  | 33.88c peak | $1.14 a day | $50 off | $1,509a year$236 more than first ranked | Go to site |
| 12 |  | 38.31c peak | $1.21 a day | — | $1,511a year$238 more than first ranked | Go to site |
| 13 |  | 35.63c peak | $1.13 a day | — | $1,559a year$286 more than first ranked | Go to site |
| 14 |  | 35.63c peak | $1.13 a day | — | $1,561a year$288 more than first ranked | Go to site |
| 15 |  | 35.63c peak | $1.13 a day | — | $1,561a year$288 more than first ranked | Go to site |
| 16 |  | 33.69c peak | $1.09 a day | — | $1,576a year$304 more than first ranked | Go to site |
| 17 |  | 38.3c peak | $1.21 a day | $175 off | $1,577a year$305 more than first ranked | Go to site |
| 18 |  | 39.96c peak | $1.20 a day | — | $1,644a year$372 more than first ranked | Go to site |
| 19 |  | 40.36c peak | $1.21 a day | — | $1,661a year$388 more than first ranked | Go to site |
| 20 |  | 40.36c peak | $1.21 a day | — | $1,661a year$388 more than first ranked | Go to site |
| 21 |  | 38.31c peak | $1.21 a day | — | $1,679a year$406 more than first ranked | Go to site |
- 4Everyday EasyTango Energy$1,334a year$61.22 more than first ranked37.4c peak a kWh · $0.68 a day to supply · Needs a smart meter
- 5HomeDeal NextAlinta Energy$1,343a year$70.15 more than first ranked30.65c peak a kWh · $0.97 a day to supply · Needs a smart meter
- 6Kogan Energy with free FIRST$1,394a year$121 more than first ranked31.82c peak a kWh · $1.01 a day to supply · Needs a smart meter
- 7Power HousePowershop$1,394a year$121 more than first ranked31.82c peak a kWh · $1.01 a day to supply · Needs a smart meter
- 8Switched On!Flipped Energy$1,401a year$128 more than first ranked22.79c a kWh · $0.82 a day to supply
- 9Netflix Plan - New to AGLAGL$1,475a year$203 more than first ranked22.32c a kWh · $1.08 a day to supply · $1,325 the first year, with $150 sign up credit
- 10Flow HomeFlow Power$1,498a year$225 more than first ranked25.42c peak a kWh · $0.73 a day to supply · Needs a smart meter
- 11Warm WelcomeMomentum Energy$1,509a year$236 more than first ranked33.88c peak a kWh · $1.14 a day to supply · $1,459 the first year, with $50 Welcome credit (GST incl) · Needs a smart meter
- 12Home 365EnergyAustralia$1,511a year$238 more than first ranked38.31c peak a kWh · $1.21 a day to supply · Needs a smart meter
- 13Red Power5Red Energy$1,559a year$286 more than first ranked35.63c peak a kWh · $1.13 a day to supply · Needs a smart meter
- 14Home Energy PlanArcline by RACV$1,561a year$288 more than first ranked35.63c peak a kWh · $1.13 a day to supply · Needs a smart meter
- 15Origin Go VariableOrigin Energy$1,561a year$288 more than first ranked35.63c peak a kWh · $1.13 a day to supply · Needs a smart meter
- 16Super SaverCovaU$1,576a year$304 more than first ranked33.69c peak a kWh · $1.09 a day to supply · Needs a smart meter
- 17ENGIE _Perks Elec$1,577a year$305 more than first ranked38.3c peak a kWh · $1.21 a day to supply · $1,402 the first year, with Once Off First Bill $175 · Needs a smart meter
- 18Midday Power Saver +Nectr$1,644a year$372 more than first ranked39.96c peak a kWh · $1.20 a day to supply · Needs a smart meter
- 19Midday Power SaverDiamond Energy$1,661a year$388 more than first ranked40.36c peak a kWh · $1.21 a day to supply · Needs a smart meter
- 20GloBird FREELUNCHGloBird Energy$1,661a year$388 more than first ranked40.36c peak a kWh · $1.21 a day to supply · Needs a smart meter
- 21NBE Standing OfferNext Business Energy$1,679a year$406 more than first ranked38.31c peak a kWh · $1.21 a day to supply · Needs a smart meter
Each plan is priced on whichever version (single rate or time of use, with or without controlled load) costs this home least, on a typical day’s use; time of use needs a smart meter. A sign-up credit counts in the first year only, shown beside the figure. The figures are CitiPower’s. When checked on 13 October 2026, the same five retailers led on Victoria’s other four networks, not always in this order.
Rank them on your answers
Ranked here for a typical household at one postcode. The questions price a year’s bill at your postcode, on your usage, meter and solar.
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As of 14 October 2026, the cheapest electricity plan tracked by BankMate on CitiPower’s network in Melbourne 3000, for a typical two-person home using 4,840 kWh a year, is 1st Emerald at $1,273 a year. How we rank →