Victorian Energy Compare is the only independent energy comparison tool in Victoria that includes every generally available electricity, gas, and solar tariff on the market. By inputting information from a recent energy bill and details about your household or business energy usage, the tool provides a personalized comparison of available energy offers. On average, users have saved $240 by switching to the best-priced energy offers through the site
How Does It Work?
Using Victorian Energy Compare is straightforward and takes about 10 minutes. Here’s how:
- Gather Your Information: You’ll need a recent energy bill and some details about your household or business energy usage.
- Access the Tool: Visit the Victorian Energy Compare
- Input Your Data: Enter your postcode, select the type of energy you want to compare (electricity, gas, or solar), and provide your energy usage details. For electricity offers, providing your National Metering Identifier (NMI) from your bill allows for a more accurate comparison.
- Review Offers: The tool will display a list of available energy offers ranked by estimated annual cost. You can compare, filter, and customize the list to find the best deal for your needs.
- Switch Providers: Once you’ve selected an offer, you can contact the retailer directly to switch plans. Make sure to quote the offer name, offer ID, and your postcode when signing up .
Real Savings for Victorians
Switching energy plans can lead to substantial savings. According to a report by the St Vincent de Paul Society, families on basic electricity deals could save up to $725 a year by switching to more competitive offers . Additionally, switching gas deals can result in savings of up to $870.
Tips for Maximizing Savings
- Regularly Review Your Plan: Energy prices and offers change frequently. It’s advisable to compare energy offers at least once a year to ensure you’re on the best plan.
- Use Accurate Data: Providing detailed and accurate information about your energy usage leads to more precise comparisons.
- Be Cautious of the ‘Loyalty Penalty’: Staying with the same energy provider without reviewing your plan can result in higher costs. More than 80% of Australian households could save on electricity costs by shopping for new plans or contacting their current provider
