Revealed: The cheapest Electricity offers in Victoria in January

The difference between a good plan and a bad plan is now over $700 for an average household.

Victorian households who don’t shop around for Electricity after the January price hike could now be paying over $700 more than they have to, according to analysis of government electricity data.

The gap between the cheapest offers in the state and those with no discount now ranges from about $1230 to $1950 for an average 4-person household.

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A typical 4-person household in Victoria using 5000kWh of Electricity a year would pay $1230 on the Pacific Hydro Home Choice offer.

But if the same household was getting no discount with big providers AGL or Origin, they could pay $1950 a year on standing offers for the same amount of electricity.

That’s over $700 difference – and doesn’t yet take into account the potential saving on Gas bills.

The table below shows the three cheapest offers in VIC as of January according to government website compare.switchon.vic.gov.au and demonstrates why it’s so important to shop around for Electricity.

Cheapest Electricity Offers, VIC Citipower zone, as of 23 January (Source: compare.switchon.vic.gov.au)

RETAILER OFFER NAME ESTIMATED BILL RATES UPDATED LINK
Pacific Hydro Home Choice $1230 Sept 2017  See Offer
Alinta Energy Fair Deal 43 $1260 Jan 2018  See Offer
Red Energy Living Energy Saver $1300 Jan 2018  See Offer
Amaysim amaysim electricity 1 $1300 Jan 2018  See Offer
* In highlighting particular offers we are not making specific recommendations as this article does not cover all available products and may not compare all features relevant to you. Any advice provided is general in nature and does not take account of your needs, objectives or financial situation. Individuals should consider their own circumstances, and if in doubt seek appropriate advice, before proceeding.