The short answer

604 residential electricity plans serve Melbourne. Charging a Hyundai Ioniq 5 Long Range overnight and driving 12,000km a year, the cheapest costs $80.18 a year and the dearest $687.62.

Same car, same kilometres, same house, $607.44 apart. The plan you are on matters more than the car you drive.

The cheapest plan in Melbourne is OVO Energy on The EV Plan - AUG2026, at 4.09 cents per kilowatt hour between midnight and 6am. It is sold specifically for people charging an electric car, which is why the overnight rate is so far below the rest of the market.

Every retailer in Melbourne, cheapest plan first

One row per retailer, showing their best plan for overnight charging on the Citipower network. A typical plan here lands around $384.16 a year.

#RetailerPlanOvernight rateA yearPer 100km
1OVO EnergyThe EV Plan - AUG20264.09c$80.18$0.67
2GloBird EnergyGloBird FULLHOUSE Residential (Flexible Rate) Citipower13.50c$264.60$2.20
3Flow PowerFlow Home Battery + Solar + EV: Variable Prices (estimate)14.49c$284.02$2.37
4CovaUSolarMax VIC Citipower Residential TOU14.55c$285.18$2.38
51st Energy1st Emerald, Residential - Time of Use with Controlled Load14.60c$286.16$2.38
6Flipped EnergyFreedom Switched On! Controlled Load14.69c$287.88$2.40
7SumoSumo Sunrise Plus14.81c$290.28$2.42
8Alinta EnergyHomeDeal Next - Time of Use (Interval)15.40c$301.84$2.52
9Kogan EnergyKogan Energy for current FIRST members15.98c$313.28$2.61
10PowershopPower House15.98c$313.28$2.61
11Tango EnergyEveryday Easy16.00c$313.60$2.61
12AGLResidential Seniors Saver - New To AGL16.58c$324.98$2.71
13Momentum EnergyNAB Goodies17.00c$333.20$2.78
14Lumo EnergyLumo Plus17.13c$335.75$2.80
15Next Business EnergyNBE Standing Offer17.16c$336.34$2.80

Citipower network, Hyundai Ioniq 5 Long Range at 14.7 kWh per 100km. Scale the per 100km column for your own car.

Where charging at midday beats charging overnight

Overnight charging is the standard advice and on most Melbourne plans it is right. On 6 plans it is not. The biggest reversal is OVO Energy, where moving the charge to the middle of the day saves $404.02 a year.

RetailerPlanCharging overnightCharging middayDifference
OVO EnergyThe Basic Free 4 Plan - AUG2026$505.03$101.01$404.02
GloBird EnergyGloBird FOUR4FREE Residential (Two Rate ) Citipower$519.40$245$274.40
Flipped EnergyFreedom Switched On! Midday Power Controlled Load$309.94$99.10$210.84
Indigo PowerIndigo Power Retail - Energy Shapers Plan$525.28$397.88$127.40
Tango EnergyEveryday Easy$313.60$222.66$90.94
ENGIEVIC ENGIE Standing elec$377.10$295.57$81.53

Plans with free power windows

2 retailers in Melbourne gives electricity away for a fixed window each day. OVO Energy offers the longest at 31.5 hours a week.

RetailerPlanFree window
OVO EnergyThe Free 4 Plan - AUG202631.5 hours a week
Flipped EnergyFreedom Switched On! Midday Power24.5 hours a week

Checked on 11 September 2026

Melbourne prices were last read from the regulator on 11 September 2026. Supply charges, demand tariffs and sign-up discounts are excluded. How we compare EV electricity plans sets out the method and every assumption behind this table.