The Essential Services Commission (ESC) draft decision on the 2026-27 Default Victorian Offer (VDO) proposes that prices for domestic customers will decrease across the board by between $43 and $48 a year, compared to 2025-26, averaging out at $46, or a roughly 3 per cent drop.
Annual prices for small businesses on the VDO would decrease across the five distribution zones by between $165 and $179, compared to 2025-26, averaging out at a $172 decrease on last year (5%), the ESC says.
"Over the last year, Victoria's average wholesale price was $78 per megawatt-hour, compared to $103 for New South Wales, $96 for Tasmania, $87 for South Australia and $85 for Queensland," she said.
In Victoria, around 17 per cent of households (510,000) and 21 per cent of small businesses (61,000) are currently on the VDO, which also covers the apartments, retirement villages and caravan parks on embedded networks that cannot choose their own electricity supplier.
Great news in a time of everything getting more expensive.
For the other 80% of households who are capable of shopping around for better rates, there should be even greater savings to be made.
These numbers are also based on households that haven't made the investment for their own solar/battery system, which as we all know greatly reduces bills again.
Electricity bills to fall in state where renewables make up nearly half of generation mix
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“Communities across regional Victoria are increasingly concerned about the Allan Labor government’s approach to rolling out renewable energy projects without properly considering the long-term impact on agriculture and food production,” shadow energy minister David Davis
Why, when 80% of meat production is exported o/s to cater to McDonalds in 190 nations?
What is the long term impact of Gina Rinehart owning over 1% of Australia’s real estate and why is no one worried about that when it’s a greater surface area than global solar?
Do the opposite is not really a plan is it.
We are going to save you less than a dollar a week!!! What a waste of time announcement.
What about in the state where over 70% are renewables? SA has the highest prices of all the states. (not because of renewables, but because of our politicians allowing SA Power and Electranet to charge huge prices for transmission of the power)
Like we where promised [energy would drop in price by $275 a year](https://www.abc.net.au/news/2023-05-19/promise-check-cut-power-bills-by-275-dollars/101791146) by the Federal government? 😂
I’ll believe cheap electricity when I see consumer bill decline, currently we are nowhere close [according to official statistics:](https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release)
>…Electricity, which rose 32.2 per cent in the 12 months to January 2026.
How could Dan Andrews do this.