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Simply Energy Vs Momentum Energy - Who Offers the Cheapest Plans?
The main difference between Simply Energy and Momentum Energy is the overall value that each provider offers to their consumers. Both retailers bring competitive offers to the table, but one provides more cost-effective value than the other. Read below to find out more.
In our latest article, we cover two competitive energy retailers, Simply Energy and Momentum Energy. If you’re wondering what each has to offer, we’ve got you covered. From the latest energy plans to each retailer’s features and perks, you’ll get an in-depth look at each provider so you can see if they’re right for you.
Simply Energy vs Momentum Energy Plans NSW
In NSW, Momentum Energy’s Nothing Fancy plan is more cost-effective than Simply Energy’s ENGIE Green Power plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Nothing Fancy
|
19% | $1,470 |
ENGIE GreenPower
|
8% | $1,671 |
*Calculated based on usage of 3900kWh/year for a residential customer on a single rate tariff in the Ausgrid network. The DMO reference price is: $1,810 / year. Click here to view plan energy fact sheets.
Simply Energy vs Momentum Energy Plans VIC
In VIC, Momentum Energy’s Nothing Fancy plan is more cost-effective than Simply Energy’s ENGIE Green Power plan.
| Plan Name | % Below VDO* | Price/year (Est.) |
|---|---|---|
Nothing Fancy
|
19% | $1,175 |
ENGIE GreenPower
|
19% | $1,177 |
*Calculated based on usage of 4000kWh/year for a residential customer on a single rate tariff in the Citipower network. The VDO reference price is: $1,456 / year. Click here to view plan energy fact sheets
Simply Energy vs Momentum Energy Plans QLD
In QLD, Simply Energy’s ENGIE Senior plan is more cost-effective than Momentum Energy’s Nothing Fancy plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
ENGIE Senior
|
11% | $1,829 |
Nothing Fancy
|
7% | $1,925 |
*Calculated based on usage of 4600kWh/year for a residential customer on a single rate tariff in the Energex network. The DMO reference price is: $2,066 / year. Click here to view plan energy fact sheets.
Simply Energy vs Momentum Energy Plans SA
In SA, Momentum Energy’s Nothing Fancy plan is more cost-effective than Simply Energy’s ENGIE GreenPower plan.
| Plan Name | % Below DMO* | Price/year (Est.) |
|---|---|---|
Nothing Fancy
|
18% | $1,839 |
ENGIE GreenPower
|
8% | $2,057 |
*Calculated 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: $2,230 / year. Click here to view plan energy fact sheets.
Simply Energy vs Momentum Energy Solar FiT
Next, we’ll cover the latest solar feed-in tariffs (FiT) offered by Momentum Energy and Simply Energy. Solar feed-in tariffs have become popular in the solar community, offering a variety of financial benefits for solar owners. Want to see if you can get a higher solar feed-in tariff? Give us a call today and speak with one of our solar experts to learn more.
| State |  |  |
|---|---|---|
| NSW | 10.00 | 5.00 |
| VIC | 5.00 | 4.00 |
| SA | 8.00 | 2.50 |
| QLD | 10.00 | 2.90 |
Simply Energy vs Momentum Energy Features
Momentum Energy and Simply Energy have an array of features that come exclusive with being a customer. From a rewards program to an interactive mobile app, electricity providers are attracting customers with various incentives. Want to see what Simply Energy and Momentum Energy offer? See the table below.
| Feature |  |  |
|---|---|---|
| Monthly Billling | ||
| Bill Smoothing | ||
| Online Account | ||
| Energy App | ||
| Rewards | ||
| Green Power Option | ||
| Carbon Neutral Option | ||
| Internet Bundles |
Simply Energy vs Momentum Energy Payment Options
Wondering whether Momentum Energy and Simply Energy accept your preferred billing method? Before you switch retailers, it’s always recommended to check which types of payments are accepted so you don’t run into billing issues.
| Payment Option | | |
|---|---|---|
| Credit Card | ||
| Direct Debit | ||
| Phone | ||
| BPAY | ||
| Post Office | ||
| Centrepay | ||
| Cheque |
Simply Energy vs Momentum Energy Renewables
Do Momentum Energy and Simply Energy rank high in renewable energy support? Retailers have been transitioning to cleaner sources of energy and promoting their efforts to the public. However, it’s important to see the actual data so you can see if they are as ‘clean’ as they advertise.
Simply Energy and Momentum 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.
Simply Energy underperformed in nearly every category except in ‘support for new renewable energy’.
Momentum Energy on the other hand, scored tens in five out of the six categories, barely falling short of a perfect score.
The overall rating given by the Green Energy Guide has Simply Energy listed at an awful 2.59 out of 10 and Momentum Energy at an amazing 8.6 out of 10.
| Criteria | | |
|---|---|---|
| Providing clean, renewable energy | 3/10 | 6/10 |
| Ending coal use by 2030 | 0/10 | 10/10 |
| Halting fossil fuel expansion | 0/10 | 10/10 |
| Support for new renewable energy | 8.6/10 | 10/10 |
| Pollution & environmental harm | 5/10 | 10/10 |
| Transparency in marketing | 0/10 | 10/10 |
Simply Energy vs Momentum Energy Results
| Categories | Winner |
|---|---|
| Electricity Prices | |
| Solar FiT | |
| Features |  |
| Payment Options | |
| Renewables | |
Should I Switch to Simply Energy or Momentum Energy?
There you have it. Both retailers are competitive in their own right, making them both a great choice. In terms of electricity prices, Simply Energy’s large catalogue of plans in every state and great rates make them more cost-effective than Momentum Energy. When it comes to solar feed-in tariffs, Simply Energy has higher rates in almost every state. Momentum Energy, on the other hand, beat Simply Energy in the renewables category with a near-perfect score on the Green Electricity Guide, firmly entrenching themselves in the best of the best when it comes to supporting renewable energy.
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 Simply Energy and Momentum Energy’s plans in VIC, NSW, QLD, SA, ACT, and WA published on their website as of 09/08/2024.
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.
- 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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- 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.