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Looking for an honest Lumo Energy review? We’ve analyzed their rates, plans, and customer feedback across Victoria and South Australia. While Lumo dubiously promotes itself as ‘green’ and with transparent pricing, our research reveals there are more cost-effective alternatives worth considering.
Lumo Energy: A Quick Recap
Before exploring detailed comparisons, here’s what Lumo Energy currently offers:
- Service Areas: Victoria and South Australia only
- Average Annual Electricity Cost: $1,926 (15% higher than the market’s cheapest provider)
- Average Annual Gas Cost: $1,711 (11% higher than the market’s cheapest provider)
- Customer Satisfaction: 1.4/5 based on recent verified customer feedback and reviews. That is a fail.
Are any of the features able to justify the premium price? Let’s compare Lumo directly with competitors in your State to find out.
Who is Lumo Energy
Lumo Energy offers electricity and gas in Victoria (VIC) and South Australia (SA). The company is owned by Snowy Hydro Limited, a government-owned entity. But is Lumo Energy truly the cheapest option available? This review will compare Lumo Energy’s plans to the most affordable alternatives in VIC and SA, providing clear insights for Energy Umpire customers anf followers of our blogs.
The Cheapest Plans vs. Lumo Energy
We compare Lumo Electricity and Gas prices based on average usage for a 3 person household. Homes with above average usage or small businesses should expect to get even more savings than those quoted here.
Lumo Energy Prices in Victoria Compared
Victoria Review: Our analysis of Lumo Energy versus the best market alternatives reveals significant savings across Victoria.
Electricity customers on Lumo Energy prices could save substantially: Ausnet (Traralgon) customers stand to gain $410 annually, Powercor (Bendigo) $325, United Energy (Moorabbin) $297, Jemena (Heidelberg) $284 and Citipower (Camberwell) $233.
Lumo Energy Gas Rates are even less competitive, with Bendigo residents potentially saving $370 annually, Heidelberg and Traralgon $251 each, and Camberwell $309 and Moorabbin $292.
Victorians could pocket combined savings up to $700 annually in by switching from Lumo Energy prices.
Lumo – VIC
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Citipower – Camberwell
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Powercor – Bendigo
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Jemena – Heidelberg
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Ausnet – Traralgon
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United Energy – Moorabbin
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Lumo – Gas
| Usage Type | Lumo | Best plan |
|---|---|---|
| Peak | 0.2265 | 0.1578 |
| Daily charge | 0.9103 | 1.1660 |
| Yearly Cost | $1,409 | $1,175 |
| Overpayment | $233 | – |
| Usage Type | Lumo | Best plan |
|---|---|---|
| Peak | 0.2726 | 0.1871 |
| Daily charge | 1.0870 | 1.3090 |
| Yearly Cost | $1,692 | $1,367 |
| Overpayment | $325 | – |
| Usage Type | Lumo | Best plan |
|---|---|---|
| Peak1 | 0.2715 | 0.1881 |
| Daily charge | 0.9033 | 1.2100 |
| Yearly Cost | $1,620 | $1,336 |
| Overpayment | $284 | – |
| Usage Type | Lumo | Best plan |
|---|---|---|
| Peak1 | 0.3254 | 0.2266 |
| Peak2 | 0.3353 | 0.2673 |
| Daily charge | 1.0470 | 1.2100 |
| Yearly Cost | $1,928 | $1,518 |
| Overpayment | $410 | – |
| Usage type | Lumo | Best plan |
|---|---|---|
| Peak | 0.2572 | 0.1766 |
| Daily charge | 0.8541 | 1.0890 |
| Yearly Cost | $1,534 | $1,237 |
| Overpayment | $297 | – |
| Town Name | Lumo Yearly Cost | Best Plan Yearly Cost | Savings |
|---|---|---|---|
| Camberwell | $2,260 | $1,967 | $309 |
| Bendigo | $2,311 | $1,942 | $370 |
| Heidelberg | $2,235 | $1,984 | $251 |
| Traralgon | $2,233 | $1,984 | $250 |
| Moorabbin | $2,276 | $1,967 | $292 |
Lumo gas and electricity rate Comparison SA
South Australia’s energy market is fiercely competitive. Here’s how Lumo stacks up:
Our comparison of Lumo Energy against the best market alternatives in South Australia reveals substantial savings opportunities. Electricity customers with SAPN (Adelaide) could save $180 annually, For gas customers, Adelaide residents could reduce their bills by an impressive $44 yearly. Adelaide households could potentially save a combined $224 annually on electricity and gas by switching from Lumo – a significant boost to any family budget.
Lumo – SA
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SAPN – Adelaide – Time of Use
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Lumo – SA – Gas
| Usage Type | Lumo | Best |
|---|---|---|
| Peak | 0.5247 | 0.3597 |
| Off Peak | 0.2928 | 0.2365 |
| Shoulder | 0.2308 | 0.2673 |
| Daily charge | 1.0096 | 1.5092 |
| Yearly cost | $2,216 | $2,036 |
| Overpayment | $180 | – |
| Town Name | Lumo Yearly Cost | Best Plan yearly Cost | Savings |
|---|---|---|---|
| Adelaide | $1,159 | $1,115 | $44 |
Take Action: How to Switch and Save
Our findings demonstrate that most households could save significantly by switching from Lumo Energy. The process is simpler than you might think:
Steps to Find Better Rates:
Compare all current market offers:
- Use comparison tools like Energy Umpire
- Check independent comparison sites. Aviod those that get paid a commission from a panel of allied Energy Companies.
Final Verdict: Better Alternatives Exist Beyond Lumo
Our Energy Umpire review conclusively demonstrates that while Lumo Energy provides carbon neutral offerings, its pricing structure remains considerably less competitive when compared with market-leading alternatives in both Victoria and South Australia. With potential annual savings of hundreds of dollars available, most households would benefit financially by exploring the alternative providers highlighted in our comparison tables above.
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