Statement on Draft Victorian Default Offer

Today’s draft Victorian Default Offer provides some welcome bill relief, but many consumers could save more by switching to cheaper competitive market deals, according to the peak body for retailers. 

The Australian Energy Council’s Chief Executive, Louisa Kinnear, said, “The VDO is designed to be a safety net rather than the best deal available. 

“If you take the time to check the market and switch you can expect to make meaningful savings. 

“It is encouraging most Victorians are already on competitive deals, but we encourage anyone who hasn’t made the move to contact your retailer to see if they have a better deal for your circumstances. 

“You can also compare prices by going on to the independent Victorian Energy Compare (www.compare.energy.vic.gov.au) website.  There will be competitive deals that can provide real savings.” 

About the Australian Energy Council 

The Australian Energy Council (AEC) is the peak body for energy retailers and generators operating in competitive markets. 

Our members generate and sell energy to over 10 million homes and businesses and are committed to delivering a reliable, affordable and decarbonised energy system for consumers. 

The AEC supports net zero by 2050 and recognises the electricity sector’s role in reducing Australia’s emissions.  Our members are major investors in renewables, firming and storage technologies that are critical to ensuring customers continue to receive reliable and sustainable energy supply as we navigate the energy transition.