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About Momentum Energy
Momentum energy plans are known for being green, which is unsurprising, as they are owned by Hydro Tasmania – Australia’s largest renewable generator. When you switch energy plans to Momentum, you’ll be supporting a 100% Australian-owned energy supplier company that is working towards a renewable future.Â
Keep reading to find out more about Momentum and discover if they are the right fit for your home or business.
Pros
- Locally owned by Hydro Tasmania with Australian based customer support
- Competitive pricing on several plans, especially the Nothing Fancy offers in NSW, VIC, QLD, and SA
- SmoothPay option available for customers who want steady payments across the year
- Strong environmental credentials compared with many other retailers
- Welcome credits and move in guarantees offered on selected plans
Cons
- Some plans are priced closer to the reference price and offer less value
- Cheaper plans usually require payment by direct debit only
- Gas plans are only available in Victoria
- No dedicated solar plans, only standard plans with feed in tariffs
- Solar feed in rates are low in several states
Momentum Energy Journey in Australia’s Energy Retail Market
Momentum Energy ranked in Australia’s top three retailers in Greenpeace’s Green Electricity Guide with 4.5 stars out of 5. In Victoria and South Australia, it ranked as the second most used energy retailer.
Hydro Tasmania produces twice the energy as Snowy Hydro, which provides power for Lumo Energy and Red Energy, owned by the NSW government.
Momentum Energy was established in 2002 to provide competitive energy plans to Australian SME customers. Momentum is proud to be part of the leading utility providers for a renewable energy future.Â
Momentum Energy’s Community Projects
Momentum Energy has earned praise for its customer service, paper-free bills, and environmentally friendly objectives. Momentum Energy has been awarded the Canstar Blue Most Satisfied Customers Award and multiple Mozo People’s Choice awards for its in-service and environmental awareness.
Momentum Energy supports community initiatives like the Junior Landcare Powerful Youth Projects and partnerships with organisations like Landcare Australia. For more information, visit this link. https://www.momentumenergy.com.au/why-us/history
Momentum Energy is also a trusted member of the CheapBills Panel, and you can easily compare energy plans with us.
Momentum Energy Rates and Tariffs
Momentum Energy rates are available on different tariffs to suit how your home uses electricity. Some of the most popular tariffs include:
- Peak – pay the same amount for electricity at all times.
- Time of Use (ToU) – access lower rates for energy used during off-peak and shoulder time periods.
- Controlled load – pay lower rates for separately metered appliances, such as your water heater or swimming pool pump.
- Solar Feed-In Tariff (FiT) – receive credits for the excess energy you generate from your solar power system.
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What is SmoothPay?
Momentum Energy customers can choose SmoothPay on select plans. This payment option is a great solution to manage your budget and avoid seasonal peaks and troughs on your energy bill.
It works by predicting your energy usage over the next 12 months and smoothing out the cost into consistent payment amounts over that period. Momentum will adjust your SmoothPay amounts to reflect any differences in your actual and predicted usage so your payments are as smooth and accurate as possible.
SmoothPay is currently available on the Suit Yourself residential electricity and gas plan and Momentum business energy plans.
What Makes Momentum a Greener Energy Retailer?
Momentum Energy is owned by Hydro Tasmania – Australia’s largest renewable energy generator, so they have a head start when it comes to being green!
- Top 2 in the 2022 Greenpeace Green Electricity Guide
- Hydro Tasmania generates approximately twice as much electricity as its customers use each year from hydropower.
- Support and guidance to help large energy consumers go renewable.
- GreenPower is available to add on to energy plans.
What is GreenPower?
GreenPower is an opt-in government program to help support the Australian renewable energy sector. When you sign up, Momentum will add a GreenPower charge to your bill and that money is put towards renewable energy projects to make sure there is more green energy in the grid.
