Red Energy and Lumo Energy at a glance
Red Energy and Lumo Energy are sister brands. Both are owned by Snowy Hydro, which is owned by the Australian Government and bought Lumo from New Zealand's Infratil in 2014.
Lumo publishes plans only in Victoria and South Australia, so the two brands meet in the five Victorian networks and in SA Power Networks. Red publishes far more plans overall. Sharing an owner does not mean sharing prices, so it is worth checking both if you live in either state.
Red Energy vs Lumo Energy prices in each network
| Network | Red Energy | Lumo Energy | Cheaper |
|---|---|---|---|
| SA Power NetworksSA | $2,109 | $2,016 | Lumo Energy by $93 |
| AusNet ServicesVIC | $1,496 | $1,403 | Lumo Energy by $93 |
| CitiPowerVIC | $1,349 | $1,174 | Lumo Energy by $175 |
| JemenaVIC | $1,345 | $1,240 | Lumo Energy by $105 |
| PowercorVIC | $1,393 | $1,289 | Lumo Energy by $104 |
| United EnergyVIC | $1,324 | $1,199 | Lumo Energy by $125 |
| Usage a year | Red Energy | Lumo Energy | Reference |
|---|---|---|---|
| 2,500 kWh | $1,484 | $1,425 | $1,705 |
| 4,000 kWh | $2,109 | $2,016 | $2,334 |
| 6,500 kWh | $3,151 | $2,999 | $3,381 |
Plans and features side by side
| Feature | Red Energy | Lumo Energy |
|---|---|---|
| States | SA, QLD, ACT, NSW, VIC | VIC, SA |
| Residential plans | 969 | 86 |
| Time-of-use plans | 707 | 50 |
| Solar Sharer plans | 56 | 4 |
| Fixed-price plans | 0 | 0 |
| Highest flat feed-in tariff | 5c | 2c |
| GreenPower, per kWh | 1.2c | Not listed |
| Late payment fee | None listed | None listed |
Which one should you choose?
On price alone, Lumo 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 Red Energy and Lumo Energy, or see the cheapest retailers in 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, Red Energy is cheaper in 0 of the 6 networks they share and Lumo Energy in 6, based on Energy Made Easy data as at 14 October 2026.
Across their published plans, Red Energy's highest flat feed-in tariff is 5c and Lumo Energy's is 2c. Plans with higher feed-in rates often have higher usage rates, so compare the whole plan.
They are separate retail brands with the same owner, Snowy Hydro, which is owned by the Australian Government. Each publishes its own plans and prices.
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.