.webp?w=384)
Cheapest electricity in Melbourne, VIC
Who is the cheapest electricity supplier in Melbourne, VIC?
Currently, the cheapest electricity provider in Melbourne on our database is Kogan Energy.
What is the cheapest electricity plan in Melbourne, VIC?
Kogan Energy’s for Current First Members is the cheapest electricity plan in Melbourne on our database.
For other cheap Melbourne electricity plans, please click on the ‘more’ button on the table below.
Below are the current cheapest single-rate electricity plans in our database on the Citipower network in Melbourne, VIC
Provider | Plan name | Est. annual cost (inc. all discounts) | Est. annual cost (ex. conditional discounts) | Reference price comparison (Energy Fact Sheet) |
|---|---|---|---|---|
Kogan | Kogan Energy for current FIRST members | $1,200 | $1,300 | 16% less |
Who is the cheapest electricity provider with the highest rating in Melbourne, VIC?
Alinta Energy is the 2026 winner of our Most Satisfied Customers award for VIC electricity providers and one of the cheapest providers on our database in Melbourne.
Cheapest gas in Melbourne, VIC
Who is the cheapest gas supplier in Melbourne, VIC?
Currently, the cheapest gas provider in Melbourne on our database is GloBird Energy.
What is the cheapest gas plan in Melbourne, VIC?
GloBird Energy's BOOST is currently the cheapest gas plan in Melbourne on our database.
For more cheap Melbourne gas plans, please click on the ‘more’ button on the table below.
Below are the current gas plans in our database on the Australian Gas Network in Melbourne, VIC.
Provider | Plan name | Est. annual cost (inc. all discounts) | Est. annual cost (ex. conditional discounts) | Energy Fact Sheet |
|---|---|---|---|---|
GloBird Energy | GloBird BOOST Residential(Central)-Australian Gas Networks | $1,272 | $1,272 |
Who is the cheapest gas provider with the highest rating in Melbourne, VIC?
Momentum Energy took home first place in our 2026 Most Satisfied Customers award for VIC gas providers and is one of the cheapest brands on our database in Melbourne.
How do we calculate the cheapest electricity and gas plans in Melbourne, VIC
Our journey automatically calculates the annual estimated cost of each Melbourne electricity and gas plan in our database, incorporating the following factors in real-time:
- Usage rates: How much you pay (in c) for every unit of electricity (kWh) or gas (megajoule or MJ) used.
- Supply rates: How much you pay daily (in c) to maintain your home’s connection to the grid (for electricity) or mains (for gas).
- Estimated annual usage: The estimated amount of energy a residential customer living in the VIC Powers Network (for electricity) and the Australian Gas Network (for gas) uses annually. This figure currently sits at 4,000kWh for electricity customers on a single rate tariff and 38,000 MJ for gas customers.
- Discounts: Guaranteed discounts are accounted for, including the length of their benefit periods (the duration the discount applies to).
This VIC reference price for electricity, also known as the Victorian Default Offer, is a benchmark price set by the Essential Services Commission (ESC) every July 1st, protecting Victorians from paying too much for their electricity. Currently, VIC’s reference price sits at $1,546/year.
On our journey’s results page, each plan is sorted from cheapest to most expensive. It’s worth noting that the results shown are limited to three tariffs, which refer to how you’re charged for your running electricity or gas use:
- Single-rate tariffs for electricity plans, with rates that remain the same throughout the day.
- Flat-rate tariffs (same as a single-rate tariff) and block rate tariffs (gas use is measured in ‘blocks’, each one incurring varied charges) for gas plans.
Other tariffs in Melbourne include:
- Time of use tariff (electricity only): Rates vary depending on when electricity is used, with peak and off-peak periods incurring higher and lower rates, respectively. You will need a smart meter installed to access this tariff.
- Demand tariff (electricity only): A ‘demand charge’ in addition to supply and usage rates. To be eligible, you will also require a smart meter installed.
- Controlled load tariff (electricity only): Power-hungry appliances can be separately metered at a cheaper rate, provided you restrict their hours of operation.
- Flexible pricing (electricity only): Similar to a time of use tariff, different rates are charged during peak, off-peak and shoulder periods.
If you’d like to learn more about other tariff options, you can click on the ‘view rates’ option on the results page of our journey.
You can also choose to compare energy plans from our database against your current plan’s tariff type and historical data from your recent gas or electricity bill:
- Select ‘billing information’ on our journey’s results page.
- Click on the tariff type that matches your existing plan.
- Pre-fill your billing information in the appropriate fields.
- Compare energy plans in VIC based on your existing tariff.
If you’re interested in having a deeper understanding of the VIC energy market, you can pay a visit to our hub page dedicated to comparing VIC energy plans.
What to consider with the cheapest electricity and gas plans in Melbourne, VIC
Bundled electricity and gas discounts
To encourage new customers, providers that offer electricity and gas plans may offer a bundling discount. While bundling is enticing, signing up for an electricity and gas plan from two different providers could potentially be cheaper. Always double-check which option is cheaper before committing to any one.
Your electricity and gas use
When you use the most electricity
- If you consume more electricity during off-peak periods, a time-of-use tariff, demand tariff or flexible pricing will save you more.
- If you use more electricity during peak periods, a single rate tariff will be cheaper in the long run.
- If you own an energy-intensive appliance such as a hot water system, a controlled load tariff can meter that appliance independently with a cheaper rate, but you’ll have to restrict the hours it runs.
How much electricity or gas you use
- If you don’t use much electricity, lower supply rates will save you more in the long term.
- If you don’t use much gas, a flat rate tariff is much cheaper than a block rate tariff, with low usage volumes incurring lower rates.
Our electricity bill calculator can give you a brief glimpse into your potential savings from switching to the cheapest electricity plan on our database.
Contract length and expiries
With energy plans, there are two common types of contracts — ongoing contracts and contracts with a fixed contract length.
Ongoing plans run indefinitely with no expiry, whereby customers can switch plans and providers with zero restrictions.
In comparison, a plan with a fixed contract length has a set duration with an expiry date. That means you are liable for any exit and/or penalty fees if you choose to exit the contract early.
When a plan expires, it’s standard practice for providers to automatically move you onto their standing offer (for electricity) or standing contract (for gas).
VIC standing offers and contracts match the state’s reference price. Typically, this also reflects the highest price a retailer is willing to charge. These plans don’t come with discounts or value-added incentives either.
If you’ve already been moved onto a standing offer or contract, that means you could be potentially saving hundreds of dollars annually by switching to a more competitive plan.
As you shop around, inspect each plan’s contract length under the ‘contract details’ section of its Victorian Energy Fact Sheet (VEF). You can access each VEF by selecting ‘Victorian Energy Fact Sheet’ or ‘plan details’ under each plan.
If the plan you’re considering has a fixed contract length, schedule a reminder on your calendar to switch energy plans before it expires.
Variable vs fixed rates
Variable rate plans allow providers to adjust their rates at any time, regardless of whether your plan is ongoing or has a fixed contract length. However, your provider is legally required to notify you in writing five business days before any changes are to be made.
Because the majority of energy plans are variable-rate plans, the annual estimated costs of the cheapest electricity or gas plan could rise. We recommend frequently checking both your inbox and your mailbox for any written correspondence from your provider.
Comparatively, fixed-rate plans ensure your rates don’t change for their specified contract lengths. However, fixed-rate plans aren’t common.
You can inspect an energy plan’s rate structure under the ‘billing and price details’ section on its VEF.
Hidden fees
Before switching to another plan or provider, carefully inspect your current plan’s VEF for any hidden fees (e.g. disconnection fees).
