EnergyAustralia to Cut Prices in Victoria

EnergyAustralia has announced a modest reduction in electricity prices in Victoria from February, citing lower wholesale and network costs.

The state’s third biggest electricity provider says the average household on a market offer variable rate plan will save about $144 a year on their bills, representing a decrease of 6.1%. However, specific price changes will vary depending on location and circumstances.

It follows news that the Victorian Default Offer (VDO) – the state’s regulated price cap for customers on standing offers – will reduce by an average of 10 per cent from January 2020, with savings of up to 14% for customers in certain areas.

Providers are now starting to reveal their own…