With more than 20 energy retailers now in market across Australia, narrowing down your options can be a mundane task. It doesn’t help that you may have never heard of some power companies, making it difficult to choose a product from a lesser-known brand. Fortunately, the electricity supplied to your home all comes from the same place, meaning the smaller energy providers are worth looking into.
But enough about comparing apples with oranges. In this comparison, we shove Lumo Energy in the ring with AGL to find out which takes top place for price and value. We take a look at both providers to give you all the details you need to make an informed decision.
AGL vs Lumo Energy – Cheapest Deals
Below are the cheapest published deals currently on our database for AGL and Lumo Energy in Victoria and South Australia, with any conditional discounts factored in.
Victoria – quick comparison
Here are the AGL and Lumo Energy plans on our database for VIC. This table contains products from a referral partner†. These costs are based on the Citipower energy network in Melbourne but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
South Australia – quick comparison
Here are the AGL and Lumo Energy plans on our database for SA. This table contains products from a referral partner†. These costs are based on the SA Power network in Adelaide but prices may vary depending on your circumstances. This comparison assumes general energy usage of 4011kWh/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area. Our database may not cover all deals in your area. As always, check all details of any plan directly with the retailer before making a purchase decision.
AGL is one of the largest energy companies in Australia, supplying power to around 3.6 million residential and small business customers. AGL retails electricity in NSW, VIC, QLD, SA, while also selling natural gas in the same states, and the addition of WA. Here are some key features of AGL:
- Green energy options available for eco-conscious customers
- 24-hour call centre with an online chat functionality on website
- Multiple billing options (monthly or quarterly)
About Lumo Energy
Lumo Energy is owned by the Australian Government power generator, Snowy Hydro, along with Red Energy. Unlike AGL, Lumo is only now available to electricity and gas customers in Victoria and South Australia. Here are some key features of Lumo Energy:
- Rewards program which offers discounts off shopping, dining and more
- 100% Australian-owned energy retailer with local and offshore call centres
- Live chat functionality and access to My Account portal on website
Should I sign up to AGL or Lumo Energy?
AGL and Lumo Energy are both perfectly reasonable electricity providers to consider, with little to choose between them in terms of their overall value proposition. Both providers have good sign-up incentives and rewards programs, with strong customer service credentials. Perhaps Lumo Energy’s links with Snowy Hydro and Australian ownership make the difference for you, or maybe you see a safe pair of hands in the energy giant that is AGL?
Snagging a bargain on your energy doesn’t have to be complicated, nor does it require lots of your time. If you know where to look (hint: the link below) and you have a spare few minutes, switching electricity providers is simple and could save you heaps.