The Essential Services Commission will release its final decision on the Victorian Default Offer by media release at 6.30am, Monday 26 May.
The Victorian Default Offer is a fair, independently set electricity price that:
gives Victorians access to a reasonable electricity deal, even if they are unable or unwilling to engage in the retail market.
acts as a reference price so customers can more easily compare different deals in the market.
is the maximum amount electricity retailers can charge customers in embedded networks, such as apartment buildings and office blocks.
Different to Australian Energy Regulator's default market offer
Victoria's default market offer is different to the Australian Energy Regulator's default market offer. The default market offer does not apply in Victoria – it applies to New South Wales, South Australia and south-east Queensland.
