The Top Energy Companies In Australia

Aqib Khan
Helen Chapman
Published in
5 min readFeb 6, 2023

When it comes to the best energy companies in Victoria, we are as objective as possible. Each of our picks of companies is based on factors such as price, features, customer service, and billing. Whether you want a $250 power saving bonus or a service that values its customer, we have collected them all.

Below are the best energy companies in Victoria, including those with the best money-saving deals.

Momentum Energy

Momentum Energy

Momentum Energy is owned by Hydro Tasmania and is a champion of renewable energy. It was also among the first companies to make moves just to help simplify the retail market in Australia by keeping its products free from conditional discounts in any industry where the biggest discount didn’t always mean big savings.

Melbourne-based Momentum Energy brands itself as the brand that has great rates and no confusing discounts. The company has three residential market offers with different rates and no exit fees.

The company also has one of the few solar-specific deals in Victoria with a generous feed-in tariff. This approach has fans, with the company’s rating being well over the years.

Momentum Energy has 3 stars across most research categories.

Energy Australia

Energy Australia

Energy Australia is the best-rated among the big three retailers in Victoria and has a fairly concise range of products. The rates are different among its plans. One has a modest guaranteed discount applied to the whole bill.

All of the company’s plans are said to be carbon-neutral for customers who opt in. The company also posts monthly costs for all its plans online, so you will know what you’ll pay before signing up.

The company has mostly 3-star reviews, including overall satisfaction and value of money.

Simply Energy

Simply Energy is a competitive price brand, providing a range of unique products. Currently, Simple Energy is owned by French utilities giant Engie but is still based in Melbourne, offering a couple of price-effective plans with unconditional discounts.

Simply Energy’s biggest selling point is its partnership with local motoring clubs that offer qualified members discounts. All of the company’s plans come with variable rates and no-lock-in contracts.

Alinta Energy

Alinta Energy

Alinta Energy is among the largest dual fuel providers in the southern states of Australia and a major gas supplier in Western Australia. The company has also partnered with the Queensland government to supply homes in the Brisbane area.

The company has its headquarters in Sydney and a strong presence in Perth, but a Hong Kong-based conglomerate owns it. In Victoria, the company offers competitive rates with no conditional discounts.

The company also gives its customers savings on various activities like movie tickets and eating out through the Alinta Energy rewards program.

AGL

Similar to Origin, utilities giant AGL has gone through a major review of its plans since the VDO was introduced in 2019 by moving away from conditional discounts, replacing them with reasonably low rates instead. AGL offers are now called the Value Saver and Basics, which come with variable rates.

The plans come with access to AGL Rewards, the company’s loyalty program that gives many value-added benefits. AGL is also among the few companies to have deals for seniors.

Origin Energy

Origin Energy

Origin Energy has gone through the biggest changes following the industry changes that took effect in July 2019. Offering the most diverse product ranges, including large conditional discounts that expired after a year before, Origin now promotes a much easier-to-understand line-up of plans.

The first of these is its Basic plan which has VDO pricing with three rate options, many of which bring modest savings off the VDO. These plans don’t have contract terms or exit fees. The company also has certain deals only for people with solar panels.

Cheapest Energy Provider In Victoria

Simply is consistently one of the cheapest electricity companies in Victoria. Nevertheless, it’s best to compare companies frequently since electricity prices constantly change, considering there are more than 25 brands to choose from.

Aside from the cheapest supplier, it’s also important to look into other features like customer service, billing options and rewards programs. Although cheaper prices will generally sway most people when purchasing, don’t discount the energy providers that will go the extra mile for your business.

Conclusion

If you’ve made it this far, It’s safe to say that you are interested in getting a better energy deal. You’ve read about all the best energy companies in Victoria. You now know the companies that offer $250 power saving bonus and the companies that value their customers. We hope this guide will help you get the best company in Victoria!

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Aqib Khan
Helen Chapman
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