Electricity prices in Victoria — 2026–27

Victorian Default Offer (ESC) · effective 1 July 2026

27.5c /kWh usage + 127.1c/day supply (Jemena)

Average bill: $1,794–$1,859/year for a 2–3 person household (derived estimate — AER benchmark usage × the Jemena rate). Rates moved −4.6% at 1 July 2026.

Source: ESC Victorian Default Offer 2026–27

Victoria residential reference rates by distribution zone, 2026–27 (GST incl.)
ZoneCoversUsage c/kWhSupply c/dayTypical annual
CitiPowerMelbourne CBD & inner suburbs26.0c121.1c$1,481*
PowercorWestern Melbourne & western Victoria28.2c138.1c$1,633*
United EnergySouth-east Melbourne & the Mornington Peninsula27.4c119.1c$1,529*
JemenaNorth-west Melbourne27.5c127.1c$1,563*
AusNet ServicesEastern & north-eastern Victoria32.0c128.2c$1,747*

* Derived estimate — published rates × 4,000 kWh/year; the regulator publishes rates, not an annual figure.

VIC at the 1 July 2026 reset

  • At the 1 July 2026 reset every VIC network's reference price fell: AusNet Services −8.4%, Jemena −4.6%, CitiPower −4.2%, Powercor −4.1% and United Energy −3.2%. The biggest fall nationally was AusNet Services (−8.4%).
  • On the same 4,000 kWh a year, VIC's networks run from $1,481 (CitiPower) to $1,747 (AusNet Services), a gap of $267.
  • Jemena, the network used for VIC averages on this site, ranks 4th of 16 networks nationally at 4,000 kWh (1st is cheapest; CitiPower at $1,481).
Victoria reference prices, 2025–26 to 2026–27
NetworkUsage c/kWhSupply c/dayReference bill a yearChange
AusNet Services VIC34.8c → 32.0c141.5c → 128.2c$1,907 → $1,747 at 4,000 kWh−8.4% (−$160)
Jemena VIC29.7c → 27.5c123.0c → 127.1c$1,638 → $1,563 at 4,000 kWh−4.6% (−$75)
CitiPower VIC27.3c → 26.0c124.1c → 121.1c$1,546 → $1,481 at 4,000 kWh−4.2% (−$65)
Powercor VIC30.1c → 28.2c136.8c → 138.1c$1,703 → $1,633 at 4,000 kWh−4.1% (−$70)
United Energy VIC28.8c → 27.4c116.5c → 119.1c$1,579 → $1,529 at 4,000 kWh−3.2% (−$50)

AusNet Services, Jemena, CitiPower, Powercor, United Energy: both years’ published supply and usage rates, priced at the stated usage. Arrows run from 2025–26 to 2026–27; GST included.

Electricity bill estimator

Jemena

A 2-person household uses roughly 4,000–5,500 kWh a year.

$1,563 per year ≈ $391/quarter
Supply charge (127.1c/day × 365)
$464.02
Usage (27.5c/kWh × 4,000 kWh)
$1,098.80

Rates: ESC Victorian Default Offer 2026–27, effective 1 July 2026 (GST inclusive). This is the government reference/standing rate for North-west Melbourne — market offers can sit below it. Full Jemena price breakdown →

Everything VIC on one page

Frequently asked questions

Who sets electricity prices in VIC?
Victorian Default Offer (ESC) sets the reference/standing rates shown here (ESC Victorian Default Offer 2026–27). Retail market offers price against that benchmark — they can be cheaper, and the reference figure is what your plan should beat.
What does electricity cost per kWh in VIC?
It depends on your distribution zone — usage rates run from 26.0c to 32.0c/kWh across VIC's 5 networks (table above).
When do these prices change?
Every 1 July. The 2026–27 rates apply 1 July 2026 – 30 June 2027; this page re-verifies against each new determination.

Related

Sources — figures current as at 17 July 2026.

Average-bill figures are derived estimates (benchmark kWh × the Jemena reference rate) — labelled, never presented as a survey.