Momentum Energy and Red Energy at a glance
Momentum Energy belongs to Hydro Tasmania, owned by the Tasmanian Government. Red Energy belongs to Snowy Hydro, owned by the Australian Government. Both are run as commercial retailers that set their own prices.
They overlap in NSW, Victoria, south-east Queensland and South Australia. Red also sells in the ACT, where Momentum does not publish plans.
Momentum Energy vs Red Energy prices in each network
| Network | Momentum Energy | Red Energy | Cheaper |
|---|---|---|---|
| SA Power NetworksSA | $2,098 | $2,109 | Momentum Energy by $11 |
| Endeavour EnergyNSW | $1,781 | $1,747 | Red Energy by $34 |
| Essential EnergyNSW | $2,147 | $1,935 | Red Energy by $212 |
| AusgridNSW | $1,686 | $1,616 | Red Energy by $70 |
| EnergexQLD | $1,646 | $1,709 | Momentum Energy by $63 |
| CitiPowerVIC | $1,335 | $1,349 | Momentum Energy by $14 |
| JemenaVIC | $1,404 | $1,345 | Red Energy by $59 |
| PowercorVIC | $1,463 | $1,393 | Red Energy by $70 |
| AusNet ServicesVIC | $1,575 | $1,496 | Red Energy by $79 |
| United EnergyVIC | $1,376 | $1,324 | Red Energy by $52 |
| Usage a year | Momentum Energy | Red Energy | Reference |
|---|---|---|---|
| 2,500 kWh | $1,273 | $1,294 | $1,400 |
| 4,000 kWh | $1,646 | $1,709 | $1,820 |
| 6,500 kWh | $2,268 | $2,400 | $2,519 |
Plans and features side by side
| Feature | Momentum Energy | Red Energy |
|---|---|---|
| States | SA, NSW, QLD, VIC | SA, QLD, ACT, NSW, VIC |
| Residential plans | 533 | 969 |
| Time-of-use plans | 375 | 707 |
| Solar Sharer plans | 18 | 56 |
| Fixed-price plans | 0 | 0 |
| Highest flat feed-in tariff | 3c | 5c |
| GreenPower, per kWh | 3.52c | 1.2c |
| Late payment fee | None listed | None listed |
Which one should you choose?
On price alone, Red Energy comes out ahead in more of the networks they share. The gap in any one network is what matters for you, and it can change when either retailer updates its plans. If solar exports matter, compare feed-in rates on the specific plans. If you can shift usage to the middle of the day, look at time-of-use and Solar Sharer plans as well as flat rates.
Read our full guides to Momentum Energy and Red Energy, or see the cheapest retailers in Queensland, New South Wales, South Australia and Victoria.
How these prices were worked out
Every price on this page comes from the plans retailers publish to the AER's Energy Made Easy data under the Consumer Data Right, as at 14 October 2026. We price flat-rate (single rate) plans that any household in the area can sign up for, at 2,500, 4,000, 6,500 kWh a year, including GST, the daily supply charge and guaranteed discounts. Conditional discounts, such as for paying on time, are left out. Plans limited to members, existing customers or homes with particular equipment are excluded. Retailers with wholesale-linked prices are listed separately, not ranked.
Prices change, sometimes weekly. Always confirm the current price on the retailer's plan fact sheet or a government comparison site before you switch. Our switching guide covers the steps.
Common questions
It depends on your network. Comparing their cheapest generally available flat-rate plans at 4,000 kWh a year, Momentum Energy is cheaper in 3 of the 10 networks they share and Red Energy in 7, based on Energy Made Easy data as at 14 October 2026.
Across their published plans, Momentum Energy's highest flat feed-in tariff is 3c and Red Energy's is 5c. Plans with higher feed-in rates often have higher usage rates, so compare the whole plan.
Sources
Every rate on this page comes from the regulator or the regulated retailer. Last checked 14 October 2026. Prices include GST unless we say otherwise.