Lumo Energy, and its sister company Red Energy, are both 100% owned by Snowy Hydro, the renewable energy company which operates the Snowy Mountain Hydro-electric Scheme. This scheme is owned by the Australian Government, and consists of nine power stations, sixteen dams and hundreds of kilometres of tunnels and aqueducts. The Snowy Hydro scheme produces on average around 4,500 gigawatt hours of clean, renewable energy each year. However, Snowy Hydro also owns and operates three gas-fired power stations in NSW and Victoria, and three diesel power stations in South Australia, so it doesn’t provide 100% clean or renewable energy.
Lumo Energy, which was bought by Snowy Hydro in 2014, provides gas and electricity plans to customers in VIC and SA. It offers several different energy plans to choose from, plus a unique rewards program for its customers in SA.
In which states or territories does Lumo Energy offer energy plans?
Currently, Lumo Energy offers energy plans in:
- Victoria (gas and electricity)
- South Australia (gas and electricity)
What is the size of Lumo Energy in comparison to other energy retailers?
According to the Australian Energy Regulator’s latest report (Q2 2022/2023), Lumo Energy now has over 46,430 retail electricity customers, giving them 0.7% of the retail market share. They have over 19,400 retail gas customers, with 0.8% of the gas market share.
What are the pros and cons of using Lumo Energy as your energy provider?
- Its solar feed-in tariffs are not amongst the highest on offer
- No mobile app to track energy usage
- Electricity prices only just below the default offer in VIC
- Only offers plans in two states of Australia (but its sister company, Red Energy, provides plans in NSW, QLD and the ACT)
How is Lumo Energy rated as a green energy provider?
According to Greenpeace’s Green Electricity Guide, Lumo Energy has a score of 6.6/10 overall. This score is due to the fact that Snowy Hydro, Lumo Energy’s parent company, owns and operates gas power stations and is currently building a new gas power station at Kurri Kurri, in NSW. *
Their scores for these specific criteria are:
- Providing clean, renewable energy: 60%
- Ending coal use by 2030: 100%
- Halting fossil fuel expansion: 0%
- Support for new renewable energy: 100%
- Pollution & environmental harm: 100%
- Transparency in marketing: 100%
*Information from Greenpeace’s Green Electricity Guide is current as of August 2023, but subject to change
Why compare energy plans with Savvy?
Common questions asked about Lumo Energy
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