Last updated: June 2026

    Momentum Energy vs Red Energy

    Compare Momentum Energy and Red 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.

    Rates comparison

    MetricMomentumRed Energy
    Avg. usage rate27.8c/kWh 27.5c/kWh ✓
    Daily supply charge$1/day $0.98/day ✓
    Est. annual bill$1,450 $1,430 ✓
    Solar feed-in tariff6–8c/kWh ✓6–8c/kWh
    States availableNSW, VIC, QLDNSW, VIC, QLD, SA, ACT
    Plan typesfixed, variable, solarfixed, variable, solar

    ✓ = 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

    Red 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.

    View Red Energy plans

    Summary

    Based on benchmark estimates, Red 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

    Red Energy — pros & cons

    100% Australian-owned (Snowy Hydro subsidiary)
    Consistently top-rated for customer service
    Competitive pricing across all available states
    No hidden fees on most plans
    Solar feed-in tariff available
    Not available in WA, TAS, or NT
    Smaller retailer with fewer plan types than the big three
    Limited business energy options
    No gas supply in some states

    Frequently asked questions

    • Is Momentum Energy cheaper than Red Energy?

      Based on average rates, Red Energy offers a lower average usage rate (27.5c/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 Red Energy?

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

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

      Both Momentum Energy and Red Energy are available in: NSW, VIC, QLD. Momentum Energy is available in NSW, VIC, QLD, and Red Energy in NSW, VIC, QLD, SA, ACT.

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

      Red 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 Red 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.

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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 Red Energy.