We have made a final decision and price determination on Victorian Default Offer prices to apply from 1 January 2021 for customers on electricity standing offers.
Victorian Default Offer price review 2021
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Consultation paper16 June 2020
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Draft decision15 September 2020
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Public forum (online)8 October 2020
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Submissions on draft decision due20 October 2020
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Final decision27 November 2020
Overview
Our final decision means that average annual bills will fall by 10 per cent for residential customers and 14 per cent for small business customers (when compared with the prices for the 2020 Victorian Default Offer). Savings are mainly due to forecast decreases in wholesale electricity and network costs.
The price determination applies to the tariffs licensed retailers (who sell electricity in Victoria) can charge residential and small business customers during the regulatory period (1 January 2021 to 31 December 2021).
Maximum prices for most residential and small business customers within embedded networks are set at the level of the Victorian Default Offer. Embedded networks servicing those customers must ensure that from 1 January 2021 their charges do not exceed the level of the 2021 Victorian Default Offer. More information on this ruling is available in our final decision on the maximum electricity prices for embedded networks and other exempt sellers.
View our final decision and price determination
Read our media release on the final decision
Prices from 1 January 2021 to 31 December 2021
The below prices apply for the Victorian Default Offer for the period 1 January 2021 to 31 December 2021.
The Victorian Default Offer includes a daily supply charge as well as a usage charge (per kilowatt hour). Differences in tariffs across distribution zones reflect the unique costs of providing electricity services in each area.
Default offer for residential customers (GST inclusive)
|
Distribution zone |
Supply charge ($ per day) |
Usage charge structure |
Usage charge ($ per kWh) |
Controlled load ($ per kWh) |
|
AusNet Services |
$1.1643 |
Block 1 (up to 1020kWh used in a quarterly period) Block 2 (balance of usage in a quarterly period) |
$0.2703 $0.2882 |
$0.1924 |
|
CitiPower |
$1.1330 |
Anytime |
$0.2140 |
$0.1629 |
|
Jemena |
$1.0675 |
Anytime |
$0.2344 |
$0.1819 |
|
Powercor |
$1.2918 |
Anytime |
$0.2240 |
$0.1704 |
|
United Energy |
$0.9824 |
Anytime |
$0.2400 |
$0.1707 |
Default offer for small business customers with consumption less than 40 MWh per year (GST inclusive)
|
Distribution zone |
Supply charge ($ per day) |
Usage charge structure |
Usage charge ($ per kWh) |
|
AusNet Services |
$1.1643 |
Block 1 (up to 1020kWh used in a quarterly period) Block 2 (balance of usage in a quarterly period) |
$0.2955 $0.3302 |
|
CitiPower |
$1.3567 |
Anytime |
$0.2218 |
|
Jemena |
$1.2264 |
Anytime |
$0.2405 |
|
Powercor |
$1.4197 |
Anytime |
$0.2288 |
|
United Energy |
$1.0463 |
Anytime |
$0.2444 |
The Victorian Default Offer price determination covers all standing offers, including those based on time-of-use, demand, and flexible tariff structures. More information on the framework we have used to determine the Victorian Default Offer is contained in the final decision paper.
Find out more
Resources
Final decision and price determination
Draft decision
Submissions to our draft decision
Draft decision public forum
You can watch the public forum, view presentation slides or review answers to questions asked by attendees.
Consultation paper
Submissions to our consultation paper
Consultation paper public forum
You can watch the public forum, view presentation slides or review answers to questions asked by attendees.