Momentum Energy vs Red Energy
Compare Momentum Energy and Red Energy rates side by side. See rates, solar feed-in tariffs, pros and cons, and find out which retailer offers the better deal for Australian households.
On our tracked plans as of 18 October 2026, Momentum is cheaper in QLD and SA and Red Energy in NSW and VIC. Biggest gap: QLD, $80/yr.
Red Energy's cheapest plan we track in NSW works out to $1,588/yr at benchmark usage. Your price depends on your address.
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Rates comparison
NSW
Cheapest plan in Ausgrid.
| Metric | Momentum | Red Energy |
|---|---|---|
| Usage rate (cheapest plan) | 28.05c/kWh ✓ | 28.12c/kWh |
| Daily supply charge | $1.55/day | $1.35/day ✓ |
| Est. annual cost | $1,658 | $1,588 ✓ |
| Plan | Home Comfort Electricity | Living Energy Saver |
VIC
Momentum: CitiPower. Red Energy: United Energy.
| Metric | Momentum | Red Energy |
|---|---|---|
| Usage rate (cheapest plan) | 22.99c/kWh ✓ | 23.57c/kWh |
| Daily supply charge | $1.14/day | $1.04/day ✓ |
| Est. annual cost | $1,335 | $1,324 ✓ |
| Plan | Home Comfort Electricity | Living Energy Saver |
QLD
Cheapest plan in Energex.
| Metric | Momentum | Red Energy |
|---|---|---|
| Usage rate (cheapest plan) | 24.86c/kWh ✓ | 27.67c/kWh |
| Daily supply charge | $1.79/day | $1.65/day ✓ |
| Est. annual cost | $1,795 ✓ | $1,875 |
| Plan | Home Comfort Electricity | Living Energy Saver |
SA
Cheapest plan in SA Power Networks.
| Metric | Momentum | Red Energy |
|---|---|---|
| Usage rate (cheapest plan) | 37.18c/kWh ✓ | 41.69c/kWh |
| Daily supply charge | $1.67/day | $1.21/day ✓ |
| Est. annual cost | $2,098 ✓ | $2,109 |
| Plan | Home Comfort Electricity | Living Energy Saver |
| Other | Momentum | Red Energy |
|---|---|---|
| Solar feed-in tariff | Varies by state and planConfirm with retailer | Varies by state and planConfirm with retailer |
✓ = lower figure in our live pricing data, not a recommendation. Figures reflect each retailer's cheapest qualifying single-rate market plan at the regulator's benchmark usage, from Consumer Data Right plan data. Actual rates vary by state and plan.
Rates last updated: 18 October 2026. Solar feed-in tariff rates change regularly. Always confirm directly with your retailer.
Solar feed-in tariff note: FiT rates vary by state, distributor zone, and plan. Victoria deregulated its minimum FiT from 1 July 2025. Rates are now set by retailers and can be as low as 0c/kWh. NSW and SA have no regulated minimum. Always confirm the current FiT rate directly with your retailer before switching. Learn more about solar feed-in tariffs →
This analysis is based on EnergyPlans Australia's 2026 energy pricing data across multiple providers and states.
See how Momentum and Red Energy stack up against every other retailer in your postcode.
Compare plansMomentum 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.
Momentum EnergyRed Energy
Red Energy is a 100% Australian-owned electricity and gas retailer, wholly owned by Snowy Hydro. Red Energy is consistently recognised for outstanding customer service and competitive pricing, making it a popular choice for households across eastern Australia.
Red EnergySummary
On our tracked plans as of 18 October 2026, Momentum is cheaper in QLD and SA and Red Energy in NSW and VIC. Biggest gap: QLD, $80/yr.
Each figure is that retailer's cheapest qualifying single-rate market plan in the state, from Consumer Data Right plan data, costed at the regulator's benchmark usage. The same figure is on the cheapest-electricity page for that state.
Both have an active plan in: NSW, VIC, QLD, SA
Momentum Energy: pros & cons
Red Energy: pros & cons
Frequently asked questions
Is Momentum Energy cheaper than Red Energy?
On our tracked plans as of 18 October 2026, Momentum is cheaper in QLD and SA and Red Energy in NSW and VIC. Biggest gap: QLD, $80/yr. The best plan for your home still depends on your usage and postcode.
Which provider offers a better solar feed-in tariff: Momentum or Red Energy?
Solar feed-in tariffs from both Momentum Energy and Red Energy vary by state, distributor zone, and plan, and they change regularly. Victoria deregulated its minimum feed-in tariff from 1 July 2025, so rates there can be as low as 0c/kWh, and NSW and SA have no regulated minimum. Always confirm the current feed-in tariff directly with the retailer before switching.
Are both Momentum and Red Energy available in my state?
Both Momentum Energy and Red Energy have an active single-rate market plan in NSW, VIC, QLD, SA. A retailer with no active plan in a state is left off that state's comparison.
Which is better overall: Momentum Energy or Red Energy?
On our tracked plans as of 18 October 2026, Momentum is cheaper in QLD and SA and Red Energy in NSW and VIC. Biggest gap: QLD, $80/yr. The best plan for you depends on your usage and postcode.
How do I switch from Momentum to Red Energy (or vice versa)?
Switching electricity retailers in Australia is straightforward. You can switch online, by phone, or through a 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
Compare Australian energy plans at EnergyPlans
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See how Momentum and Red Energy stack up against every other retailer in your postcode.
Compare plansHow we calculate these estimates
Figures are each retailer's cheapest qualifying single-rate market plan from Consumer Data Right plan data, costed at the AER/ESC benchmark usage for the zone and compared against the reference price. 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
- Consumer Data Right plan data
- AER Default Market Offer (DMO) reference price
- ESC Victorian Default Offer (VDO) reference price
These are indicative estimates only. Your actual bill depends on your specific plan, usage patterns, and applicable discounts. Read our full methodology.
Methodology last reviewed: June 2026.
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.
Data shown for Momentum Energy vs Red Energy.