Victorian households will have default offer electricity prices 5 per cent lower than last year.
The Victorian default offer (VDO) prices have been announced on Monday, with the state Essential Services Commission saying the average prices for default offer prices will decrease 5 per cent from July 1.
“The VDO is a safety net -– there may be better rates available,” iSelect spokesperson Sophie Ryan said.
“With market offers often priced below the reference rate, now is a great time for households to use the price reset as a prompt to shop around and see if they can go even further.”
More to come
Originally published as Victorian default offer electricity prices fall 5 per cent
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