Our review of Momentum Energy
Momentum Energy is an Australian owned and operated energy retailer that offers both electricity and gas plans for residential customers and businesses in VIC. They offer electricity only in SA & NSW and do not operate in NT, ACT, WA, QLD or TAS.
Momentum Energy is owned and run by Hydro Tasmania, the country’s largest generator of renewable energy. They are known for their award-winning customer service, above-market rates and 100% renewable energy plans.
Momentum Energy also pays feed-in tariffs to their customers at above-market rates for energy generated through solar panels and sent back to the grid.
Momentum Energy Retailer Overview
|Established||Electricity Availability||Gas Availability||Solar Feed-In Plans||Customer Review Score|
|VIC||Yes||2.2 / 5 from 241 reviews|
NOTE: All information and details included in this review about Momentum Energy plans, discounts, incentives, usage charges, and fees are only accurate at the time of writing, and may not accurately reflect the rates offered when applying. Actual rates may differ based on your location, electricity and gas use, or eligibility for plans.
Momentum Energy plans compared
Momentum Energy has four core plans, all of which are available in VIC. Customers in SA and NSW have fewer options with just one plan each to choose from.
If you choose a plan with their renewable promise, for all the electricity bills you get each year, Momentum Energy will add an equivalent amount of clean, renewable energy to the grid.
Their residential plans include:
- Self Serve: Online support and monthly direct debit e-billing only, and simple, low rates.
- Bill boss: Flexible support (incl. phone), monthly billing only, simple, low rates with renewable promise.
- Everyday Energy / SmilePower Flexi: Flexible billing, payment options and support (Incl. support), no credit payment fees, renewable promise, and $50 welcome bonus.
- Solar & Friends: Just like Everyday Energy but with higher solar feed-in tariffs and $50 welcome bonus.
Each Momentum Energy residential plan also features:
- Online account management and payment
- A 10-day cooling-off period
- No lock-in contracts
- No exit fees
Momentum Energy’s Solar & Friends plan will be particularly attractive to solar users in VIC, thanks to its above-market solar feed-in tariffs.
Momentum Energy Available Plans By State
|State||Everyday Energy / SmilePower Flexi||Bill Boss||SElf SErve||Solar & Friends|
Momentum Energy plan rates VIC
Momentum Energy offers four core residential energy plans in VIC, including Self Serve, Bill Boss, Solar & Friends & Everyday Energy We’ve taken a typical energy user from central Melbourne (3000) to show you an example of the costs and rates associated with each Momentum Energy plan.
Momentum Energy residential plans VIC
|Self Serve||Bill Boss||Everyday Energy / Smilepower Flexi||Solar & Friends|
|Daily supply charge/day electricity (cents)*||110.83||110.83||110.83||110.83|
|Single rate usage charge electricity (cents/kWh)||20.38||20.38||20.90||23.90|
|Solar feed-in tariff amount (cents/kWh)||12.00||12.00||12.00||12.00|
|Daily supply charge gas (cents/day)**||87.11||87.11||N/A||N/A|
|Daily usage charge gas (cents/MJ)**||1.45 to 2.19||1.57 to 2.36||N/A||N/A|
|Average yearly usage cost (electricity only 2-3 people)||$1,280||$1,300||$1,430||$1,430|
**Australian Gas Network
Momentum Energy plan fees and charges VIC
|Type of Fee||Cost|
|Cheque dishonour fee||$9.50|
|Credit card payment processing fee (except for Everyday Energy plans)||0.53%|
Momentum Energy plan rates SA
Momentum Energy only offers one core residential electricity plan in SA - SmilePower Flexi. They do not offer gas plans in SA. We’ve taken a typical energy user from central Adelaide (5000) to show you an example of the costs and rates associated with this plan.
Momentum Energy residential plans SA
|Compared to SA reference price||11% lower|
|Daily supply charge/day electricity (cents)*||112.99|
|Usage charge electricity (first 6.57534) (cents/kWh)||33.13|
|Usage charge electricity (remaining) (cents/kWh)||33.13|
|Solar feed-in tariff amount (cents/kWh)||6.8|
|Average yearly usage cost (electricity only 2-3 people)||$1,810|
*SA Power Networks
Momentum Energy plan fees and charges SA
|Type of Fee||Cost|
|Move-in/new connection fee||$50.05|
Momentum Energy plan rates NSW
Momentum Energy only offers one core residential electricity plan in NSW - Everyday Energy. They do not offer gas plans in NSW. We’ve taken a typical energy user from central Sydney (2000) to show you an example of the costs and rates associated with this plan.
Momentum Energy residential plans NSW
|Compared to NSW reference price||10% lower|
|Daily supply charge/day electricity (cents)*||88.26|
|Usage charge electricity (first 6.57534) (cents/kWh)||25.69|
|Usage charge electricity (next 15.34247) (cents/kWh)||25.17|
|Usage charge electricity (remaining) (cents/kWh)||24.90|
|Solar feed-in tariff amount (cents/kWh)||7.0|
|Average yearly usage cost (electricity only 2-3 people)||$1,650|
Momentum Energy plan fees and charges NSW
|Type of Fee||Cost|
|Move-in/new connection fee||$12.24|
Summary of Momentum Energy plans
Momentum Energy is an Australian-owned energy provider founded in 2002 offering gas and electricity plans in VIC, NSW and SA. They offer four plans including:
- Self Serve: Online support and e-billing only
- Bill boss: Flexible support (including phone support), monthly billing only
- Everyday Energy/SmilePower Flexi: Flexible billing, payment options and support, with no credit payment fees and $50 welcome bonus
- Solar & Friends: Similar to Everyday Energy but with higher solar feed-in tariffs (13.50 cents/kWh) and $50 welcome bonus
All four of these plans are available in Vic, Whereas SA and NSW customers only have one option each (Everyday Energy / SmilePower Flexi).
If customers choose Everyday Energy or Solar & Friends plans, they can customise their plan to suit their preferences, including several options for payment, billing, and billing frequency.
All of Momentum Energy’s plans also feature no lock-in contracts, no exit fees, online account management and e-billing. Momentum Energy has an average product review score of 2.2 out of 5 from 241 reviews.
Momentum Energy FAQ
Can I get Momentum Energy electricity and gas in my state?
If you’re in NSW or SA you can get electricity services from Momentum Energy. If you’re in VIC you can get both electricity & gas. Momentum Energy does not operate in TAS, NT, ACT, WA or QLD.
Does Momentum Energy offer business energy plans?
Yes. Momentum Energy offers energy plans tailored for small to large businesses.
Does Momentum Energy buy solar from its customers?
Yes. Momentum Energy offers retailer-funded feed-in tariffs. However, these plans will vary between states and plans so you should always confirm with Momentum Energy on the feed-in tariff amount before switching plans.
How do I switch to Momentum Energy?
To switch to Momentum Energy simply visit their website, choose a plan and enter your details. The switch can be completed online.