We have made a draft decision on the Victorian Default Offer (VDO) to apply from 1 January 2021.
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 decision25 November 2020
Overview
Our draft decision means Victorian Default Offer prices should decrease in 2021
On average residential bills (for those on the Victorian default offer) could fall by around seven per cent, with small business bills falling by roughly nine per cent.
Reductions in bills are largely driven by falling wholesale electricity purchase costs, which will decrease by around 21 per cent for residential customers.
We have proposed a 12-month regulatory period, commencing 1 January 2021.
Our draft decision has considered the impacts of the coronavirus pandemic on retailers and consumers.
View our draft decision
Providing feedback on our draft decision paper
We are seeking feedback on our draft decision prior to making a final decision in November 2020. General comments and formal submissions can be made via Engage Victoria by 5 pm 20 October 2020. If this presents an issue please email us at vdo@esc.vic.gov.au.
We are holding an online public forum on our draft decision paper on 8 October 2020. To register your attendance or find out more about the event please visit the event listing on Eventbrite.
Find out more
Resources
Draft decision
Consultation paper
Submissions on our consultation paper
Consultation paper public forum
You can watch the public forum, view presentation slides or review answers to questions asked by attendees.