Western Melbourne and Victoria
Trend graph based on 13kWh/day energy consumption household.
Distributor: Powercor Australia
Area: Western Melbourne suburbs and western Victoria
Victorian energy price updates 2019
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Energy retailers review prices for Victorian households in January each year. In 2018, Victorian households experienced a price hike of around 15% across the retail energy market, largely driven by the Hazelwood coal power station shutdown. This year, there have been no major impacts to energy supply and a steady increase in regulatory and media scrutiny on energy pricing, so retail energy prices have been fairly stable for Victorians during the January price change.
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
Eastern Melbourne and Victoria, and outer northern suburbs
Trend graph based on 13kWh/day energy consumption household.
Distributor: Ausnet Services
Area: Outer northern and eastern suburbs and eastern Victoria
Southern Melbourne and Mornington Peninsula
Trend graph based on 13kWh/day energy consumption household.
Distributor: United Energy Distribution
Area: Southern suburbs and Mornington peninsula
City and inner suburbs
Trend graph based on 13kWh/day energy consumption household.
Distributor: Citipower
Area: City and inner suburbs
Northern and north-western Melbourne
Trend graph based on 13kWh/day energy consumption household.
Distributor: Jemena
Area: Northern and north-western Melbourne suburbs
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