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Momentum Energy: Electricity and gas for your home and business
With a commitment to renewable energy, Momentum promises straightforward rates and Australian customer support.
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Where is Momentum Energy available?
Despite being wholly owned and operated by Hydro Tasmania, the country's largest renewable energy producer, Momentum Energy doesn't offer electricity to residents on the Apple Isle, despite the state being open for full retail competition since 2014.
Still, Momentum has a significant presence on the mainland, with electricity offerings in South Australia, Victoria, NSW and south-east Queensland. Momentum also offers gas to residential and business customers in Victoria.
Momentum sells its electricity plans with simplicity, opting to keep tariffs straightforward, rather than introducing complicated pay-on-time discount rates.
While it can't promise that the energy you purchase is renewable in nature, the fact the company is owned by Hydro Tasmania does mean that, in part, your electricity is supporting renewables. Plus, Momentum offers support for the Government's GreenPower initiative.
| State | ⚡ Electricity | ♨️ Gas |
|---|---|---|
| NSW | ✅ | ❌ |
| VIC | ✅ | ✅ |
| QLD | ✅ | ❌ |
| TAS | ❌ | ❌ |
| ACT | ❌ | ❌ |
| SA | ✅ | ❌ |
| NT | ❌ | ❌ |
| WA | ❌ | ❌ |
A quick review of Momentum Energy
Pros
- Electricity in NSW, VIC, and SA. They also provide natural gas to VIC only.
- Generally uncomplicated power plans with no conditional discounts.
Cons
- Simple plans don't always equate to good deals, and there might be cheaper options available.
What plans are offered by Momentum Energy?
Electricity
This is a basic plan which provides electricity at a variable rate with no conditional discounts. There's no contract period or exit fees.
Only available in VIC. A slightly cheaper version of the SmilePower Flexi, but in return you have to sign up online, pay by direct debit, and accept purely online communication, billing, and customer support.
Only available in VIC. This is highly comparable to the SmilePower Flexi, but adds in a special bonus for regular movers. When you switch your Momentum Energy power plan to another address on this plan, they'll waive both the connection fee and special meter read you normally have to pay.
Only available in VIC. Very similar pricing to the SmilePower Flexi plan, but includes a boosted solar feed-in tariff of 13.5c/kWh (default rate is 12c/kWh).
Gas
This provides Victorians with gas at a variable rate with no conditional discounts. You are charged on a block-rate tariff, where the amount you pay per unit of gas decreases with total daily gas use.
This is Momentum Gas with mandatory direct debit payments and purely online support and billing. In return, you get slightly cheaper rates.
Does Momentum offer solar?
Momentum Energy offers solar feed-in tariffs for customers with their own solar panel systems that feed energy back into the grid. They have just okay rates in SA and NSW, though Victorians can boost their feed-in rate with the Solar Step-Up plan.
How green is Momentum?
Momentum Energy scored 6.8/10 on the Green Electricity Guide, placing them in the top quarter of Australian energy retailers. Owned by Hydro Tasmania, they own mostly renewable energy assets and maintain a strong public position against coal.
In the past, Momentum Energy has been fined for advertising themselves as greener than they actually are. And while they have a "renewable energy offset" where every unit of energy you buy from them they match by generating one unit of renewable energy, they have no certified GreenPower options on their energy plans.
Does Momentum offer any special incentives to sign up?
- $50 online credit. New customers who sign up online can get a $50 credit for their account.
Can I manage my plan from my phone?
Although you can view your Momentum Energy account online, there's no dedicated app designed for a phone or mobile platform.
Important notes: The estimated price we show by default is based on a single rate tariff. On your bill this might be known as a 'peak tariff', 'peak only' or an 'anytime tariff'. There are other tariff types available to customers and you may need to contact your provider if you are on these tariffs:
- Single rate with a controlled load
- Time of use
- Time of use with a controlled load
The price estimate should not be used as an official quote, but an indication of what your costs may be on the plan. It varies based on whether you provide us with your bill details. You can learn more here.
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Ask an Expert
What is cheap and best electricity provides in melbourne
Hi Satish,
Thank you for contacting finder. We are a comparison website and general information service, we’re more than happy to offer general advice.
You may refer to this page for options that may suit your needs. You may review and compare the offers available on the table. Once you have selected one, you may proceed by clicking the green “Enquire Now” button.
I hope this helps.
Cheers,
Danielle
What is the cheapest way to cease natural gas usage in Victoria.
Current biller is Momentum energy.
Hi David,
Thanks for your inquiry.
In order for you to find the cheapest solution, please take the time to compare rates from providers.
Please click here to compare rates and find a package that will fit your needs.
Hope this information helped.
Cheers,
Arnold
Hi Arnold,
Thanks for the reply to my question. Unfortunately as I intend to discontinue using natural gas permanently it was not helpful.
Regards
David W
Hi David,
I would suggest fully switching to electric for your needs. You can compare and look for the best option by clicking here.
Hope this information helped.
Cheers,
Arnold