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Lumo Energy Vs Energy Australia - Who Offers the Cheapest Plans?
The main difference between Energy Australia and Lumo Energy is the price of each retailer’s energy plans. While both retailers have competitive market offers available, one brand stands out with its cost-effective rates. Read below to find out more.
In our latest article, we look at two intriguing retailers, Energy Australia and Lumo Energy. If you’re wondering what each has to offer, we’ve got you covered. From the latest electricity plans to each retailer’s solar feed-in tariffs, you’ll get an in-depth look at each provider so you can see if they’re right for you.
Lumo Energy vs Energy Australia Plans NSW
In NSW, Lumo Energy does not service the area. Energy Australia offers the best plan by default.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Flexi Plan
|
18% | $1,498 |
*New South Wales electricity rates are based on usage of 3911kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,827 / year. Click here for more information.
Lumo Energy vs Energy Australia Plans VIC
In VIC, Energy Australia’s Flexi plan is more cost-effective than Lumo Energy’s Lumo Plus plan.
| Plan Name | % Below VDO* | Price/year (Est.) |
|---|---|---|
Flexi Plan
|
21% | $1,240 |
Lumo Plus
|
15% | $1,324 |
*Victoria electricity rates are based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network, the VDO reference price is: $1,571 / year. Click here for more information.
Lumo Energy vs Energy Australia Plans QLD
In QLD, Lumo Energy does not service the area. Energy Australia offers the best plan by default.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Flexi Plan
|
9% | $1,792 |
*Queensland electricity rates are based on usage of 4613kWh/year for a residential customer on a single rate tariff in the Energex network, the DMO reference price is: $1,969/ year. Click here for more information.
Lumo Energy vs Energy Australia Plans SA
In SA, Energy Australia’s Flexi plan is more cost-effective than Lumo Energy’s Plus plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Flexi Plan
|
7% | $2,119 |
Plus
|
3% | $2,193 |
*South Australia electricity rates are based on usage of 4011kWh/year for a residential customer on a single rate tariff in the SA Power Networks, the DMO reference price is: $2,279/ year. Click here for more information.
Energy Australia vs Lumo Energy Plans ACT
In ACT, Lumo Energy does not service the area. Energy Australia offers the best plan by default.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Rate Fix
|
3% Above | $2,224 |
*Australian Capital Territory electricity rates are based on usage of 6100kWh/year for a residential customer on a single rate tariff in the Evoenergy network, the DMO reference price is: $2,152 / year. Click here for more information.
Lumo Energy Vs Energy Australia Solar FiT
Next, we’ll cover the latest solar feed-in tariffs (FiT) offered by Lumo Energy and Energy Australia. Solar feed-in tariffs have an array of benefits with one being that it offers a return on investment for your solar system. Have questions about solar plans? Call us today and speak with one of our solar experts to learn more.
| State |  | Energy Australia |
|---|---|---|
| VIC | 5.50 | 12.00 |
| SA | 5.50 | 12.00 |
| NSW | n/a | 12.00 |
| QLD | n/a | 12.00 |
| ACT | n/a | 12.00 |
Lumo Energy vs Energy Australia Features
Energy Australia and Lumo Energy have a catalogue of exciting features on offer. From a full-service online account to various rewards, energy retailers are attracting customers with a bundle of features. Want to see what Energy Australia and Lumo Energy offers? Read more below.
| Features |  |  |
|---|---|---|
| Monthly Billing | ||
| Bill Smoothing | ||
| Online Account | ||
| Energy App | ||
| Rewards | ||
| Green Power Option | ||
| Carbon Neutral Option | ||
| Internet Bundles |
Lumo Energy vs Energy Australia Payment Options
Wondering whether Lumo Energy or Energy Australia accepts your preferred billing method? Before you switch retailers, it’s always wise to check if your payment method is accepted.
| Payment Option | | |
|---|---|---|
| Credit Card | ||
| Direct Debit | ||
| Phone | ||
| BPAY | ||
| Post Office | ||
| Centrepay | ||
| Cheque |
Energy Australia vs Lumo Energy Renewables
Does Lumo Energy or Energy Australia rank high in renewable energy support? Retailers are transitioning to green energy and promoting their efforts. However, it’s important to see the actual data so you can see what metrics are used and how well they fared.
Energy Australia and Lumo Energy participated in a study that measured their efforts toward sustainability and support for renewable energy. The data shown below was pulled from the Green Electricity Guide (GEG) by Greenpeace.
Energy Australia scored relatively high in its overall support for renewable energy, with an impressive 8 out of 10.
However, outside of their transparency in marketing, this is the only other category Energy Australia had high marks on. They scored zeroes in nearly
On the other hand, Lumo Energy performed remarkably in almost every category with multiple 10s with the only exception being “halting fossil fuel expansion” where they scored a zero.
The overall rating given by the Green Energy Guide has Energy Australia listed at a terrible 1.35 out of 10 and Lumo Energy at an above-average score of 6.6 out of 10.
| Criteria | | |
|---|---|---|
| Providing clean, renewable energy | 6/10 | 0/10 |
| Ending coal use by 2030 | 10/10 | 0/10 |
| Halting fossil fuel expansion | 0/10 | 0/10 |
| Support for new renewable energy | 10/10 | 8/10 |
| Pollution & environmental harm | 10/10 | 0/10 |
| Transparency in marketing | 10/10 | 3/10 |
Lumo Energy vs Energy Australia Results
| Categories | Winner |
|---|---|
| Electricity Prices | |
| Solar FiT | |
| Features | |
| Payment Options |  |
| Renewables | |
Should I Switch to Energy Australia or Lumo Energy?
There you have it. It’s clear both energy providers have a number of attractive offers and are competitive in their own right. In terms of electricity prices, Energy Australia’s plans are more cost-effective than Lumo Energy’s. The same goes for solar feed-in tariffs and features, where Energy Australia has Lumo Energy beat. Conversely, Lumo Energy showcased exceptional scores on the Green Electricity Guide study over Energy Australia.
But before switching to either one of these retailers we recommend phoning us at Electricity Monster on 1300 232 848 and let our energy experts work to find you the best deal we have available.
If you’re worried about overpaying on your energy bill, need a new connection, or just want to switch to a new electricity provider, give us a call at 1300 232 848. At Electricity Monster, we offer various free solutions to help you find a fair deal. Best of all, our comprehensive service is 100% free to use, and our energy experts pride themselves on finding you the best deal we have available. Don’t settle for high rates in this volatile energy climate, call us today and secure the best deal we have available.
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Disclaimer
This publication reviews Energy Locals and Energy Australia’s plans in VIC, NSW, QLD, SA, ACT, and WA published on their website as of 07/04/2024.
Important Points to note are:
- The plans displayed have been taken from the energy fact sheets published on the retailer’s website. We do not guarantee that this information is correct or that it applies to every household in Australia.
- Comparisons have been made on the peak rates in single rate plans from retailers, plus their daily electricity supply charges.
- The Citipower network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
- The Ausgrid network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in NSW.
- The SA Power Networks network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in Victoria.
- The Energex network has been used to compare electricity plans, and the Australian Gas network has been used to compare gas plans in QLD.
- The Evoenergy network has been used to compare electricity plans, and the Jemena gas network has been used to compare gas plans in the ACT.
- The ACTO network has been used to compare gas plans in WA.
- The reference price/VDO/GAS comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.
- The information in this blog cannot substitute for legal advice. No financial decisions should be made based on information from this blog.
- All dollar figures include GST.
- The plans displayed may be different than advertised.
- The plans offered on this page may not be available in our call center.
- ‘Get Best Offer’ is indicative of the best offer available in our database from our partners
- Data regarding renewable energy was pulled from the publication Green Energy Guide by GreenPeace.Plans from the rate tables have been listed in order of lowest price first. Please check the details of these plans directly with the retailer before making any purchase decisions.
- Victoria electricity rates are based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network, the VDO reference price is: $1,292 / year
- New South Wales electricity rates are based on usage of 3900kWh/year for a residential customer on a single rate tariff in the Ausgrid network, the DMO reference price is: $1,512 / year
- South Australia electricity rates are based on usage of 4000kWh/year for a residential customer on a single rate tariff in the SA Power Networks, the DMO reference price is: $1,840/ year
- Queensland electricity rates are based on usage of 4600kWh/year for a residential customer on a single rate tariff in the Energex network, the DMO reference price is: $1,620/ year
- Australian Capital Territory electricity rates are based on usage of 6100kWh/year for a residential customer on a single rate tariff in the Evoenergy network, the DMO reference price is: $2,065 / year
- Electricity plans are now compared to a regulated price called the Victorian Default Offer (VDO). This makes it easier to compare energy plans across the market. The VDO comparison and annual estimate is calculated based on an average usage customer.
- When calculating our rates we include in the price/year estimate the GST (unless otherwise stated), any advertised non-conditional discounts (e.g. guaranteed discount), and any one-off credits.
- What’s not included in the price/year estimate are conditional discounts, green energy charges, any concessions or rebates which may apply to you, solar feed-in tariff credits that your solar system could generate.
- The VDO comparison will differ based on tariff type and location (distribution area). Your actual energy bill may be significantly different to these estimates if your usage differs from the average amounts used in this calculation.
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- Compare Providers
- 100% Free Service
- Brokered Over 150,000 Deals
Get a $50* Coles or Woolies Voucher
When You Call & Switch Today
- Compare Providers
- 100% Free Service
- Brokered Over 150,000 Deals
Benjamin Tom
Benjamin Tom covers the retail energy market, with a focus on electricity, solar, and Internet. His interests include helping people navigate the complexities of the energy market while saving money on their power bills.