Compare cheaper energy in The Settlement
VIC · AusNet Services network
Compare electricity and gas plans from 9 retailers on the AusNet Services network. Switch off the Victorian Default Offer (VDO) and save around $510 a year — free, fast and 100% impartial.
The Settlement energy facts
The Settlement (3561) is a suburb in Victoria. Electricity connections in The Settlement are managed through AusNet Services. Households in The Settlement can compare electricity plans, review available rebates and explore energy options from participating retailers.
- Suburb
- The Settlement
- Postcode
- 3561
- State
- Victoria
- Electricity Distributor
- AusNet Services
Key facts about energy in The Settlement, VIC
The Settlement is on the AusNet Services network in Victoria. The residential electricity market is deregulated, 9 retailers compete, and the Victorian Default Offer (VDO) caps standing-offer pricing. Average household bills are $1,690 per year and switching to the cheapest market offer saves about $510 annually.
| City | The Settlement, VIC, Australia (postcode 3561) |
|---|---|
| Distribution network | AusNet Services |
| Reference price | Victorian Default Offer (VDO) (set by the Essential Services Commission (ESC)) |
| Retail competition | Deregulated — 9 retailers compete |
| Average annual bill | $1,690 per household |
| Cheapest available plan | from $1,180 per year |
| Typical annual saving | $510 by switching off the standing offer |
| Main state rebate | Victorian Power Saving Bonus ($250) and the Annual Electricity Concession (17.5% off bills) |
Switch energy in The Settlement in 3 easy steps
- Enter your The Settlement postcode — we pull every plan available on the AusNet Services network at your address.
- Compare live offers — see real VIC prices from 9 retailers, ranked cheapest first.
- Switch & start saving — pick a plan; your new retailer handles the transfer with AusNet Services. No interruption to supply.
The energy market in The Settlement, VIC
The Settlement (VIC 3561) sits within the Victoria energy market. Postcode 3561 also covers Fairy Dell, Diggora West, Rochester West — these suburbs share the same retail offers. Electricity in The Settlement is delivered over the AusNet Services distribution network, with retail pricing benchmarked against the Victorian Default Offer (VDO) set by the Essential Services Commission (ESC).
Cold winters drive heavy heating loads, and gas is widely connected — so dual-fuel plans usually win. Average residential bills in VIC sit around $1,690/yr, but the cheapest market offers for The Settlement addresses (including postcode 3561) start near $1,180/yr — a typical saving of $510.
Energy retailers in VIC
9 retailers compete for The Settlement residential customers on the AusNet Services network. Side-by-side comparison matters because each retailer prices differently.
| Retailer | State coverage | Distribution network |
|---|---|---|
| AGL | VIC | AusNet Services |
| Origin Energy | VIC | AusNet Services |
| EnergyAustralia | VIC | AusNet Services |
| Red Energy | VIC | AusNet Services |
| Alinta Energy | VIC | AusNet Services |
| Powershop | VIC | AusNet Services |
| Momentum | VIC | AusNet Services |
| Tango Energy | VIC | AusNet Services |
| GloBird Energy | VIC | AusNet Services |
Rebates and concessions in VIC
The Settlement households may be eligible for the following VIC rebates and concessions, applied directly to your bill. Claim them whichever plan you are on.
| Scheme | State | How it's paid |
|---|---|---|
| Victorian Power Saving Bonus ($250) and the Annual Electricity Concession (17.5% off bills) | VIC | Credit on your electricity bill |
What we compare for The Settlement
- Residential electricity on the AusNet Services network (single rate, time-of-use & controlled load)
- Natural gas plans available to The Settlement addresses
- Solar feed-in tariffs for The Settlement rooftop solar households — see solar in The Settlement
- Small-business energy plans across Victoria
Australian energy glossary
- Default Market Offer (DMO)
- The maximum standing-offer price retailers can charge residential customers in NSW, South East QLD, SA and the ACT, set annually by the Australian Energy Regulator (AER).
- Victorian Default Offer (VDO)
- Victoria's equivalent of the DMO, set by the Essential Services Commission (ESC).
- Distribution Network Service Provider (DNSP)
- The company that owns and operates the poles and wires in your area (e.g. Ausgrid, Energex, Powercor). You cannot choose your DNSP — it is determined by your address.
- Feed-in tariff (FiT)
- The per-kWh credit a retailer pays for solar electricity exported back to the grid.
- Standing offer
- The default, regulated-cap plan a retailer must offer customers who haven't chosen a market offer — usually the most expensive plan.
- Market offer
- A competitively priced retail plan, typically priced below the standing offer.
Compare energy in nearby VIC suburbs & cities
The Settlement energy FAQs
Who supplies electricity to The Settlement, and can I switch retailer?
Yes — The Settlement residents can switch electricity retailer at any time. Power is delivered over the AusNet Services distribution network, and 9 retailers compete for VIC residential customers: AGL, Origin Energy, EnergyAustralia, Red Energy, Alinta Energy, Powershop, Momentum, Tango Energy, GloBird Energy. Switching retailer does not change the physical supply or require a technician visit.
How much can The Settlement households realistically save?
The Settlement households can save roughly $510 per year by switching off the Victorian Default Offer (VDO) to the cheapest market offer on the AusNet Services network. Average annual bills in VIC are about $1,690; the cheapest plans start near $1,180/yr.
What rebates and concessions are available in VIC?
The Settlement residents may be eligible for the Victorian Power Saving Bonus ($250) and the Annual Electricity Concession (17.5% off bills). Rebates are paid directly off your power bill once you apply through your retailer or the VIC Government, and they stack on top of any savings from switching plan.
What is the Victorian Default Offer (VDO) and why does it matter in The Settlement?
The Victorian Default Offer (VDO) is the maximum standing-offer price retailers can charge Victoria residential customers, set each year by the Essential Services Commission (ESC). Any plan priced below the Victorian Default Offer (VDO) for the AusNet Services network is a genuine saving for The Settlement customers.
How long does it take to switch energy retailers in The Settlement?
Switching takes about 5 minutes online and the transfer completes at your next meter read (typically 1–3 months). Your new retailer notifies AusNet Services for you — there is no interruption to power or gas supply and no technician visit for The Settlement addresses.
Last updated: . Indicative figures based on Essential Services Commission (ESC) data.