Momentum Energy Review: Is Momentum Really Your Cheapest Option?

Estimated reading time: 4 minutes

Looking for an honest Momentum Energy review that goes beyond surface-level promises? You’re in the right place. At Energy Umpire, we’ve thoroughly analysed Momentum Energy’s plans, rates, and customer satisfaction to help you understand how they truly stack up against the cheapest electricity plans available in the market.

Momentum Energy: A Quick Recap

Before exploring detailed comparisons, here’s what Momentum Energy currently offers:

• Service Areas: Victoria, NSW , QLD and South Australia
• Average Annual Electricity Cost: $1,501 (13% higher than the market’s cheapest provider)
• Average Annual Gas Cost: $2,152 (10% higher than the market’s cheapest provider)
• Customer Satisfaction: 2/5 based on recent verified customer feedback and reviews. That is a fail.

About Momentum Energy

Momentum Energy, owned by Hydro Tasmania, has marketed itself as ‘sustainable energy’ and Australian owned with retail operations primarily across Victoria, New South Wales, and South Australia. Their claims of sustainability ring a bit hollow as their hydro assets are in Tasmania, while in the mainland, they don’t have any generation and use the same electricity as every other Energy Company.

Momentum Energy has gained a solid reputation for customer service and reliability. But the real question remains: Are their rates competitive enough to keep you from switching to a cheaper provider?

Understanding Energy Costs: Is Momentum Competitive?

While Momentum Energy consistently performs well on sustainability and customer support, their pricing might not always offer the best value. Our detailed analysis, driven by advanced tariff comparison technology, reveals that Momentum Energy rates often sits in the mid-range rather than at the lower end of the pricing spectrum.

Momentum Energy Victoria Review:

Our analysis of Momentum Energy versus the best market rates reveals significant savings across Victoria. Electricity customers could save substantially: Ausnet (Traralgon) customers stand to gain $240 annually. Camberwell, Bendigo and Heidelberg can save $185, and United Energy (Moorabbin) $175.

Gas savings are even more remarkable, with Camberwell and Moorabbin residents saving $208 each. Heidelberg residents could potentially save $204, while Traralgon residents might save $190, and Bendigo residents could save $160 annually. Victorians could collectively save over $400 each year in most regions by switching from Momentum.

Momentum Energy NSW Review:

Our comparison of Momentum Energy with the best market alternatives in New South Wales reveals significant savings opportunities. Electricity customers with Essential Energy (Regional NSW) could save $202, Ausgrid (Sydney) customers could save $29 annually, while Endeavour Energy (Parramatta) customers could save $57.

Momentum Energy QLD Review

Our analysis of Momentum Energy versus the best market rates reveals significant savings across Queensland. Brisbane electricity customers could save: single rate customers stand to gain $65 annually. Time of use customer can save $83.

Momentum Energy SA Review

Our analysis of Momentum Energy versus the best market rates reveals significant savings across South Australia. Adelaide electricity customers could save $131annually.

The Real Cost of Staying Loyal

Loyalty might feel right, but in the energy market, loyalty rarely pays. Many Australians remain with their existing providers for years without realising how much money they could save by switching to a more competitive plan. Even a small difference in rates can amount to hundreds of dollars annually.

Momentum customers are facing significant overpayments across several states. In Victoria, there’s an excess charge of roughly $400 for both electricity and gas combined, while South Australia sees overcharges of about $131. Queensland customers overpay by around $60 for electricity, and in New South Wales, the excess charge is close to $80.

In real comparisons, customers who switched away from Momentum Energy to cheaper plans have seen significant savings.

Sustainability vs Savings: Can You Have Both?

Many consumers choose Momentum Energy due to its sustainability credentials. However, you don’t have to sacrifice green energy options to find cheaper deals. Several low-cost providers also offer renewable energy solutions at much more competitive rates.

By using our automated comparison tools, you can quickly identify energy providers offering both environmentally friendly options and affordable prices—ensuring your electricity choices align with your values without breaking your budget.

Switching Made Easy

Switching energy providers is simpler than ever. There’s no need for long calls, paperwork, or service interruptions. Here’s how simple it can be:

1. Enter Your Details: Quickly input basic information about your location and current energy usage.
2. Instantly Compare Plans: See clear comparisons of Momentum Energy against the cheapest and best-performing energy plans in your area.
3. Switch & Save: Make the switch effortlessly in a few minutes online and start saving immediately.

Our Final Verdict on Momentum Energy

Momentum Energy scores poorly for customer service along with most other energy companies and better for transparency but typically falls short when it comes to pricing. If your priority is saving money without compromising service or sustainability, there are better-priced options available in the market.

Ready to See How Much You Can Save?

Don’t settle for a plan that costs you more than necessary. Take control of your energy costs today by comparing Momentum Energy against real, cheaper alternatives.

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