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With rising cost-of-living pressures, many Victorians are looking for ways to save money on their bills.
The good news is that switching to efficient electric appliances can save you thousands. In fact, making the move to an all-electric home is one of the simplest ways Victorians can cut their energy bills.
Savings with an all-electric home
- New all-electric homes with solar can save up to$1,920 a year on energy bills.
- New all-electric homes without solar still save around $990 a year compared with homes that use gas.
- Existing homes with solar can save around $2,230 a year by going all-electric.
- Existing homes without solar can still save around$1,900 a year by switching from gas to efficient electric appliances.
These savings come from using efficient electric technologies – like heat pumps and induction cooking – which are cheaper to run and also work well with solar.
New electrification and efficiency standards and regulations for Victorian buildings
We are taking action to ensure Victorian buildings – residential and commercial - are safer, more comfortable and healthier to be in - while saving you hundreds of dollars a year on energy bills and cutting emissions. These changes introduce new building electrification regulations and set minimum energy efficiency standards for rental homes. They will be phased in over 4 years, beginning from 1 January 2027. There are a range of exemptions for situations where electrification or compliance with the standards is impractical or costly.
See if these changes apply to you: New electrification and efficiency standards and regulations for Victorian buildings.
How do dual-fuel and all-electric homes compare?
| Dual-fuel home | All-electric home |
|---|---|
| 2 bills for energy – electricity and gas – and 2 service charges to the property | 1 bill with 1 service charge |
| More expensive to run | Cheaper to run |
| Gas prices are increasing faster than electricity prices | Protected by the Victorian Default Offer |
| Fewer retailers for gas means less choice | More electricity retailers to choose from |
| Fossil fuelled | More environmentally friendly when using renewable energy |
If you’ve decided to electrify, you may also be wondering if you need to upgrade to 3-phase power or improve your switchboard to handle the increased load. Our guide will help you determine the best course of action for your household's electrical needs.
Reduce your up-front costs to go electric
We're providing support through the Victorian Energy Upgrades and Solar Homes programs to help reduce your up-front costs for energy-efficient products and help you go electric.
- The VEU program is Australia’s largest energy-efficiency program, and millions of Victorians have already benefited. With just a modest investment, you can start moving towards a more efficient, all-electric home.
- The Solar Homes Program offers eligible Victorian households solar panel (PV) rebates and the option of an interest-free loan, and hot water rebates.
See the latest discounts and rebates at https://www.energy.vic.gov.au/households/latest-discounts-and-rebates.
Help to go electric with Easy Electric SEC
The SEC is making it easy to reduce your energy bills by switching to electric. Get started at https://easyelectricsec.com.au/.
Switch to an electric vehicle and save money
Petrol and diesel cars are steadily being replaced by electric vehicles (EVs), which are cleaner and cheaper to run. If fact a driver travelling 13,100 km a year can save around $2,000 annually – or $10,000 over five years – by switching to a ZEV. Learn more about EVs at www.energy.vic.gov.au/renewable-energy/zero-emission-vehicles/zero-emissions-vehicles-facts.
Save energy and money
If your household can’t move away from gas just yet, there are other ways to lower your energy bills.
- Compare electricity plans using Victorian Energy Compare
- Save energy and money with simple household energy-saving tips
- Get help paying your energy bills, including rebates, discounts and payment support
- Victoria’s Gas Substitution Roadmap – how the state is moving toward lower bills and net zero emissions
Page last updated: 24/07/26