Last updated: 1 April 2026

    OVO Energy vs Red Energy

    OVO Energy appears cheaper based on average annual bill estimates — est. $1,420/yr, compared to $1,430/yr for Red Energy. Actual costs vary by state, usage, and plan.

    Compare OVO 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.

    Which provider is cheaper?

    $1,420
    OVO Energy est. annual bill
    ✓ Lower
    $1,430
    Red Energy est. annual bill
    Est. annual bill difference: $10 — actual costs vary by state, usage, and plan.

    Rates comparison

    MetricOVO EnergyRed Energy
    Avg. usage rate27.2c/kWh 27.5c/kWh
    Daily supply charge$0.95/day $0.98/day
    Est. annual bill$1,420 $1,430
    Solar feed-in tariff8–12c/kWh 6–8c/kWh
    Customer rating4.1/5 4.4/5
    States availableNSW, VIC, QLDNSW, VIC, QLD, SA, ACT
    Plan typesfixed, variable, solar, greenfixed, variable, solar

    ✓ indicates the better value option for that metric. Estimates based on average household usage of 18 kWh/day. Actual rates vary by state and plan.

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

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    Recommended

    OVO Energy

    4.1/5

    OVO Energy is an excellent option for tech-savvy households with solar panels in NSW, VIC, or QLD. Their feed-in tariff rates are among the best in the market, and their digital tools are genuinely useful.

    Full OVO Energy review

    Red Energy

    4.4/5

    Red Energy is consistently one of the best-rated retailers in Australia for value and customer service. Highly recommended for households in the eastern states looking for a competitive and trustworthy alternative to the major retailers.

    Full Red Energy review

    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

    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 OVO Energy cheaper than Red Energy?

      Based on average rates, OVO Energy offers a lower average usage rate (27.2c/kWh vs 27.5c/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: OVO Energy or Red 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 OVO Energy and Red Energy available in my state?

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

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

      OVO Energy and Red Energy score similarly across the metrics in our dataset. The right choice depends on your state, usage patterns, and whether you have solar panels — use the comparison tool to check current plan availability for your postcode.

    • How do I switch from OVO Energy 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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