Last updated: June 2026

    Momentum Energy vs OVO Energy

    Compare Momentum Energy and OVO Energy electricity plans side by side. See rates, solar feed-in tariffs, pros and cons, and find out which retailer offers the better deal for Australian households.

    Note: OVO Energy is not currently available through our comparison tool.

    Enter your postcode to compare plans from available retailers.

    Rates comparison

    MetricMomentumOVO Energy
    Avg. usage rate27.8c/kWh 27.2c/kWh ✓
    Daily supply charge$1/day $0.95/day ✓
    Est. annual bill$1,450 $1,420 ✓
    Solar feed-in tariff6–8c/kWh 8–12c/kWh ✓
    States availableNSW, VIC, QLDNSW, VIC, QLD
    Plan typesfixed, variable, solarfixed, variable, solar, green

    ✓ = lower figure in our AER/ESC benchmark data, not a recommendation. Estimated annual bills are based on AER Reference Price / ESC VDO benchmarks. Actual rates vary by state and plan.

    This analysis is based on EnergyPlans Australia's 2026 energy pricing data across multiple providers and states.

    Momentum Energy

    Momentum Energy is a Melbourne-based electricity retailer, also owned by Snowy Hydro. Momentum focuses on competitive electricity plans for residential and small business customers, primarily in Victoria, NSW, and Queensland.

    View Momentum plans
    Lower benchmark rate

    OVO Energy

    OVO Energy is a technology-driven energy retailer operating in Australia as an extension of the UK-based OVO Energy group. OVO focuses on digital-first energy services, sustainability, and helping customers reduce their carbon footprint with smart energy tools.

    View OVO Energy plans

    Summary

    Based on benchmark estimates, OVO Energy has the lower estimated annual bill. However, actual costs depend on your usage, postcode, and plan.

    All figures are benchmark estimates based on AER/ESC reference data. Actual plan pricing varies by postcode, usage, and available discounts.

    Both available in: NSW, VIC, QLD

    Momentum Energy — pros & cons

    Snowy Hydro-owned — same parent company as Red Energy and Lumo
    Competitive pricing in VIC, NSW, and QLD
    Simple plan offerings
    Solar feed-in tariff available
    Good customer satisfaction ratings
    Available in NSW, VIC, and QLD only
    Limited plan variety compared to larger retailers
    Less market presence than the big three

    OVO Energy — pros & cons

    Competitive solar feed-in tariff rates
    Strong digital tools and app for tracking energy use
    Green energy focus with carbon-neutral options
    Competitive pricing in NSW, VIC, and QLD
    Modern, technology-forward customer experience
    Limited to NSW, VIC, and QLD only
    Relatively new in the Australian market
    Fewer physical service touchpoints than larger retailers
    Limited business energy plans

    One or more providers in this comparison are not available through our comparison tool.

    Compare plans from available retailers →

    Frequently asked questions

    • Is Momentum Energy cheaper than OVO Energy?

      Based on average rates, OVO Energy offers a lower average usage rate (27.2c/kWh vs 27.8c/kWh). However, actual costs depend on your specific plan, usage, and state. Always compare using your own energy bill data.

    • Which provider offers a better solar feed-in tariff: Momentum or OVO Energy?

      OVO Energy generally offers the better solar feed-in tariff rate (8–12c/kWhc/kWh vs 6–8c/kWhc/kWh). Rates vary by state and plan, so confirm directly with the retailer.

    • Are both Momentum and OVO Energy available in my state?

      Both Momentum Energy and OVO Energy are available in: NSW, VIC, QLD. Momentum Energy is available in NSW, VIC, QLD, and OVO Energy in NSW, VIC, QLD.

    • Which is better overall: Momentum Energy or OVO Energy?

      OVO Energy has the lower average usage rate in our benchmark data. The best plan for you depends on your usage and postcode.

    • How do I switch from Momentum to OVO Energy (or vice versa)?

      Switching electricity retailers in Australia is straightforward. You can switch online, by phone, or through an independent comparison service. The process typically takes 2–5 business days and you will not experience any interruption to your electricity supply. Check for any exit fees on your current plan before switching.

    More comparisons

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    One or more providers in this comparison are not available through our comparison tool.

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    How we calculate these estimates

    This comparison uses benchmark data from AER and ESC reference pricing. Actual plan rates vary by postcode.

    Estimated costs can vary by usage, tariff type, retailer, distributor, and address. Both supply charges (the daily fixed cost of being connected) and usage rates (c/kWh) affect your total bill. Solar feed-in tariffs vary by retailer and plan. Always review plan details, fees, and conditions before switching.

    Data sources

    • AER Default Market Offer (DMO) reference pricing
    • ESC Victorian Default Offer (VDO) benchmarks
    • Distributor zone boundary data
    • Published retailer plan information

    These are indicative estimates only. Your actual bill depends on your specific plan, usage patterns, and applicable discounts. Read our full methodology.

    How we make money

    EnergyPlans.com.au may receive a commission if you switch through our comparison partner. This does not change the price you pay, but it may influence which plans are available through our service. We do not compare every plan in the market.

    Our editorial content, methodology, and benchmark data are independent of any commercial relationship. Always review plan details, including any fees or conditions, before switching. How we make money.

    Updated June 2026

    Data shown for Momentum Energy vs OVO Energy.