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The Victorian Default Offer is a simple and trusted electricity price that is set by the Essential Services Commission, not energy companies. It provides Victorian consumers access to a fair electricity deal even if they are unable or unwilling to engage in the retail market.

This system was introduced in 2019. It acts as a kind of safety net, where the Essential Services Commission sets a default price everyone who is signed up have access to. In July of 2024, the Victorian Default Offer (VDO) was reduced by 6 per cent, reducing electricity prices by an average of $100 a year for over half a million households. The VDO has come down largely due to a decrease in wholesale power prices.

Find out more: Victorian Default Offer | Essential Services Commission

It’s worth considering is that the VDO is intended as a ‘fair price’ based on wholesale power prices and other factors. Individual power companies can choose to offer even lower prices if they wish. The default offer may not necessarily be the lowest price available to you.