download the finder app! App

Momentum Energy: Home and business energy review

Our verdict: Great service and a “renewable promise”. Momentum Energy matches your energy use with an equal amount generated by renewable sources.

4.5 ★★★★★ (8 reviews) Write a review
Momentum Energy: In summary Check it here
Momentum Energy plans offered See plans
Avatar
Sam Baran
Updated . What changed?
Fact checked

We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!

Momentum Energy is owned by Hydro Tasmania, but only operates in NSW, VIC, QLD and SA, with gas on offer in VIC, too. A plan with Momentum rarely involves conditional discounts.

To help you make up your mind, we've collected what's worth knowing about Momentum's plans and environmental merit. We've evaluated its customer service, too.

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.

Piggy bank with energy-themed coins

How much can you save on your energy bill?

Compare prices from 15 providers

What plans are offered by Momentum Energy?

Electric

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

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.

Solar panel

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.

Green energy

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.

Tag discount

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.

Mobile phone

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.

Icons made by Freepik, mangsaabguru from www.flaticon.com

More guides on Finder

Lower your household bills

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.

6 Responses

    Default Gravatar
    SatishJuly 11, 2017

    What is cheap and best electricity provides in melbourne

    Reply
      Default Gravatar
      DanielleJuly 12, 2017

      Hi Satish,

      Thanks for your enquiry. I’m afraid I can’t provide you with a specific answer as we are a comparison website. However, please feel free to compare energy companies on our website. There’s a table on that page to help you get an overview of what each energy provider offers. Be sure to select the state where you are on top of the table to have the right list.

      Once you found the right one for you, select the “Go to site” button to learn more or initiate your application. Be sure to read through the terms and conditions of your chosen provider to ensure you make the right decision.

      I hope this helps.

      Cheers,
      Danielle

      Reply
    Default Gravatar
    DavidMarch 16, 2017

    What is the cheapest way to cease natural gas usage in Victoria.
    Current biller is Momentum energy.

    Reply
      Default Gravatar
      ArnoldApril 16, 2017

      Hi David,

      Thanks for your inquiry.

      In order for you to find the cheapest solution, please take the time to compare rates from energy providers in SA. You should then be able to compare rates and find a package that will fit your needs.

      Hope this information helped.

      Cheers,
      Arnold

      Reply
      Default Gravatar
      DavidApril 16, 2017

      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

      Reply
      Default Gravatar
      ArnoldApril 16, 2017

      Hi David,

      I see. Thanks for your reply. In that case, if you don’t want to use gas anymore, you can try checking for electricity providers instead.

      Hope this information helped.

      Cheers,
      Arnold

      Reply
Go to site