Internest/energy·saver

energy·saver by Internest

Compare Electricity Plans in VIC — 2026

Victoria's electricity market is regulated by the Essential Services Commission, which sets the 2026 Victorian Default Offer (VDO) — the reference price for all electricity plans. Market offers are displayed as a percentage below the VDO, making it straightforward to compare retailers and find genuine savings.

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Cheapest Electricity Plans in VIC

Top 5 plans by estimated annual cost, compared against the 2026 VDO. Based on typical household usage.

RetailerPlanAnnual Costvs VDO
Energy LocalsDaytime Saver$82048% below the reference price
Energy LocalsDaytime Saver$83647% below the reference price
AlintaHomeDeal Extra - Demand Single Rate$1,06831% below the reference price
AlintaHomeDeal Extra - Demand Single Rate + CL$1,06831% below the reference price
OriginOrigin Go Variable (Residential Demand)$1,07031% below the reference price

Costs are estimates based on typical household usage for Victoria. Actual costs depend on your postcode, distributor, and consumption pattern. VDO reference price set by the Essential Services Commission (ESC).

What is the VDO?

The Victorian Default Offer (VDO) is set annually by the Essential Services Commission (ESC). It represents the maximum price a retailer can charge on their standing offer. When we show a plan as "X% below the VDO", that means its estimated annual cost is X% cheaper than this reference price — helping you quickly identify genuine savings.

Frequently Asked Questions

Common questions about electricity plans in Victoria

The VDO is a regulated electricity price set by Victoria's Essential Services Commission (ESC). It serves as the reference price against which all market offers are compared. Plans shown as a percentage below the VDO cost less than this reference — the bigger the negative number, the cheaper the plan.

Enter your postcode and estimated annual usage (in kWh) on our comparison page. We'll show you every available plan from all retailers, ranked by estimated annual cost — with no commissions and no sales calls.

Once you find a cheaper plan, contact the new retailer directly or sign up on their website. Your new provider handles the switch — there's no interruption to your supply, and you don't need to contact your old retailer.

Victoria is the only state where the reference price is set by the ESC (not the AER). The state also mandates smart meters for all households, enabling time-of-use pricing. If you have a smart meter, make sure to compare TOU plans as well as flat-rate options.

Ready to find a cheaper plan?

Enter your Victoria postcode to compare every available plan — ranked by annual cost, with zero commissions and zero sales calls.

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