Cheapest Electricity: Victoria & Melbourne

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How to find the Cheapest Electricity and Deals in Melbourne

As a resident or business owner in Victoria, you may have noticed that electricity prices have significantly increased. If you haven’t looked around for the best deals, then you are probably paying too much for your electricity. The 2016 inquiry into Victorian energy prices found that average households could save between $590 – $830 a year by switching retailers. Average energy users who signed up to a standard offer, and haven’t compared their plan with the best market offers in their region, are spending way too much on their power bills.

Gas users are in the same position. A comparison of the best deals on gas found a huge difference of up to $480 a year between the worst and best market offer on gas in Victoria.

Electricity bills in Victoria have risen on average by 45% to 65%.

This is precisely why Melbourne homeowners and business owners in Victoria are looking for the cheapest price in an electricity supplier to save money on monthly electricity bills. But it is important to understand that electricity supplier prices change on a regular basis.

The electricity grid in Victoria is maintained by five different electricity distribution companies. Citipower, Powercor Australia, AusNet Services, Jemena, and United Energy Distribution. Each distribution company offers different rates to the electricity retailers that supply homes and business with their energy. The range of retailers and offers available to you will vary according to which companies you have access to. Using a comparison tool or speaking to an electricity expert at Electricity Wizard will help you sort through the confusing range of offers and deals on energy in Victoria.

It is important to do your research and compare several electricity suppliers to get the best price. Too many consumers don’t take the time to shop around for the best deal. Those residential users end up paying too much on their yearly energy bills. Competition between retailers is strong in Victoria. This makes it worthwhile for customers to comparison shop between electricity suppliers to get the best price and discounted rate possible before signing up for a service agreement.

Are the Cheapest Electricity Rates in Melbourne the Best?

While getting the cheapest price on your electricity in Melbourne would be ideal, the cheapest electricity rates don’t always guarantee that you will get the best service. For the best of both worlds with cheap rates from a top-quality electricity supplier, use the criteria listed below when searching for a supplier:

  • Terms and Conditions – Make sure to compare rates, tariffs, and terms and conditions from supplier to supplier before switching.
  • Rate Increases – Electricity suppliers can change their rates with only 28 days’ notice, meaning that your electricity bill could vary significantly from month to month. This is why it is imperative to look for a company that can cap rate increases so that you can rest assured that your cheap rate will remain secure in each billing cycle.
  • Match Rates – Ask the electricity supplier if they are able to match or beat guarantees from other suppliers. This will ensure that you get the best deal from a dependable supplier that you can trust for the long-term.

It is recommended that you change suppliers every 12 to 24 months to take advantage of the best rates and the newest technologies.

Options for the Cheapest Electricity in Melbourne. Compare Rates Quickly and Accurately!

Electricity Wizard has a free call back service that will advise you if there is a better electricity plan released at any time. This service will keep you constantly updated with the best rates and discounts from our preferred suppliers in your area so that you never have to worry about wasting money on your electricity bill.

Electricity Wizard is based 100% in Australia and will get you the latest, most up-to-date comparison for which electricity suppliers are best suited to meet your needs. To compare your home or business electricity rates, call Electricity Wizard on 1300 359 779 today!

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