Victorian energy price updates 2019

Price changes by retailer

This year, there has been some welcome news for Victorian households from the three biggest ‘tier 1’ retailers, AGL, Origin Energy and Energy Australia:

• AGL has actually decreased its market offer prices for Victorian households by 1.6%
• Origin Energy has kept its pricing unchanged
• Energy Australia has announced it is absorbing costs to avoid price increases for Victorians

Among the smaller energy competitors in Victoria, there has been some pricing movement:

• Tango Energy remains competitive with unchanged pricing, but has retired its eSelect product and reduced its fixed benefit period to 1 year rather than 2 years
• Alinta’s Fair Saver plan pricing has increased about 8%
• CovaU has raised prices between 4.6% and 8.5%
• Lumo has dramatically revamped its product suite in Victoria. Lumo’s eDeal, Advantage and Advantage Premium plans have been retired and replaced with the new Value plan. Lumo introduced  a significant price reduction its Movers plan - an average Victorian household will pay approximate 27% less less per quarter for Lumo Movers. This is an annual reduction of nearly $350.
• Momentum has reduced prices by approximately 4.5%
• PowerDirect, AGL’s discount brand, has followed AGL’s lead with a 1.6% price reduction