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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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While owned entirely by Hydro Tasmania, Momentum Energy doesn't supply power to the island itself, restricting its activities to customers in NSW, VIC, and SA. Their plans have a focus on simplicity, with no conditional discounts or promotional incentives beyond somewhat competitive usage rates.
Keep in mind that even though Momentum Energy may only own renewable energy assets, some of the power it sells is from fossil fuel sources and they have no certified GreenPower options.
Compare plans by speaking to a consultant
What's in this guide?
Momentum Energy: In summary
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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 | ❌ | ❌ |
How much does Momentum Energy cost?
Disclaimer: The following price estimates are a general guide only. Prices are based on a residential customer in NSW who consumes 3,900 kWh a year on a single rate tariff in the Ausgrid network. Prices last checked on December 2019 and are subject to change. Always check the providers site before applying.
| Plan name | Difference from reference price | Conditional discount? | Estimated price (per 91 days) | Estimated price (Annual) |
|---|---|---|---|---|
| Smile Power Flexi_EA010 | 13% more | $412.69 | $1,651 | |
| Standing Offer GD | Equal to | $366.52 | $1,466 | |
| Smile Power Flexi Geelong Cats_EA010 | 9% more | $400.27 | $1,601 |
Disclaimer: The following price estimates are a general guide only. Prices are based on a residential customer in Melbourne, Victoria who consumes 4,000 kWh a year on a single rate tariff in the CitiPower network. Prices last checked on December 2019 and are subject to change. Always check the providers site before applying.
| Plan name | Difference from reference price | Conditional discount? | Estimated price (per 91 days) | Estimated price (Annual) |
|---|---|---|---|---|
| Move Mate_CRB | 3% more | $342.50 | $1,370 | |
| Move Mate_C1R | 10% more | $366.05 | $1,464 | |
| Move Mate_C | 8% more | $360.28 | $1,441 | |
| Self Serve Electricity_CRB | 16% less | $278.76 | $1,115 | |
| Self Serve Electricity_C1R | 11% less | $297.09 | $1,188 | |
| Self Serve Electricity_C | 12% less | $292.91 | $1,172 | |
| Smile Power Flexi Geelong Cats_C1R | 7% less | $309.50 | $1,238 | |
| Smile Power Flexi Geelong Cats_CRB | 13% less | $290.40 | $1,162 | |
| Smile Power Flexi_CRB | 7% less | $311.40 | $1,246 | |
| Standing Offer_CRB | 7% less | $311.80 | $1,247 | |
| Smile Power Flexi Geelong Cats_C | 9% less | $305.01 | $1,220 | |
| Smile Power Flexi_C | 2% less | $327.61 | $1,310 | |
| Smile Power Flexi_C1R | Equal to | $332.80 | $1,331 | |
| Standing Offer_C | 2% less | $327.91 | $1,312 | |
| Standing Offer_C1R | Equal to | $333.11 | $1,332 |
Disclaimer: The following price estimates are a general guide only. Prices are based on a residential customer in South Australia who consumes 4,000 kWh a year on a single rate tariff in the SA Power Network. Prices last checked on December 2019 and are subject to change. Always check the providers site before applying.
| Plan name | Difference from reference price | Conditional discount? | Estimated price (per 91 days) | Estimated price (Annual) |
|---|---|---|---|---|
| Smile Power Flexi_RSR | 11% less | $429.59 | $1,718 | |
| Standing Offer_RSR | Equal to | $484.93 | $1,940 | |
| Smile Power Flexi Geelong Cats_RSR | 15% less | $412.73 | $1,651 |
Plans offered breakdown
Momentum Energy has a single simple electricity plan for residents in NSW, VIC, and SA, plus a few choices only for Victorians. They provide natural gas on a couple of plans to Victoria.
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 Energy 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 Energy?
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 Energy 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.
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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