Expert Guide: Lumo Energy Review and Rates
In this review, Canstar Blue takes a close look at Lumo Energy. We walk you through the energy plans, rewards and incentives Lumo Energy currently offers, and provide a guide as to how much you can expect to pay. Does it stack up well on price and features? Let’s find out.
On this page:
Lumo Energy Prices
Below are the estimated annual costs for Lumo Energy plans in Victoria and South Australia. Keep reading to see more details about these products.
Lumo Energy Victoria
Here are the Lumo Energy plans on our database for Victoria. These are 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.
Lumo Energy South Australia
Here are the Lumo Energy plans on our database for South Australia. These are 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 4000kWh/year for a residential customer on a single rate tariff. Please 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.
An Expert’s Guide to Lumo Energy
Here are the services Lumo Energy offers in each state it is available in. We summarise what you can expect to find from Lumo Energy across each state and territory.
Lumo Energy Plans
Lumo Energy has two core electricity plans on offer across Victoria and South Australia. Its range of deals includes an offer with fixed rates in VIC, as well as variable rate plans with no discounts at all, and an offer pitched specifically at people who rent their home.
Customers who sign up to selected Lumo plans will also receive access to Lumo Rewards – Lumo’s exclusive customer shopping program which brings rewards at various entertainment and retail outlets. Read on for all the details, including latest prices.
- Value: Only available in Victoria, Lumo’s latest deal is the Value plan. Lumo Value allows customers to lock in rates for a minimum of 12 months from the date of signing up until 31 August 2023. Customers will also get access to the Lumo Rewards shopping program.
- Basic: The Lumo Basic plan now appears to be the retailer’s flagship offer in South Australia. With no contract term or exit fees, Lumo promises low rates with this plan.
- Plus: On Lumo Plus, customers in South Australia will have to agree to quarterly e-billing and digital communication. It gives customers access to its rewards program which comes with $25 worth of Lumo Rewards credits when bills are paid on time.
- Lumo Movers: Lumo Energy is one of few electricity retailers to offer a specific power plan for renters in South Australia. What makes it unique for people who rent their home you ask? Well, quite simply, there are no connection or disconnection fees when you move! Lumo Movers also brings access to the Lumo Rewards shopping program.
What can you expect to pay with Lumo Energy?
Lumo Energy is fairly price competitive, with the added bonus of its rewards program providing additional value benefits, as long as you take advantage of them. In order to give customers an idea of how much being a Lumo customer might cost, we’ve calculated the expected annual cost of electricity for each Lumo Energy product at selected postcodes across each state. Use our comparison tool below for quotes specific to your area.
Lumo Energy Victoria
In the table below, we show Lumo Energy prices on the Citipower network in Melbourne. Plans are listed from the lowest priced estimate first. See here for information on the VDO, which in this comparison assumes general energy usage of 4000kWh/year, meaning the VDO is $1,307/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.
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|Electricity Plan||Difference from VDO›||Conditional Discounts||Price Estimate˜|
|Value||22% Less Than VDO||No conditional discounts||$1,025|
|Energy Fact Sheets|
˜Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditional discounts that may be available. Pricing based on Citipower network in Melbourne, but prices differ between distribution areas. May 2022.
See how Lumo Energy compares to other electricity providers in the state with our Victoria electricity price comparison.
Lumo Energy South Australia
In the table below, we show Lumo Energy prices on the SA Power network in Adelaide. Plans are listed from the lowest priced estimate first. See here for information on the AER Reference Price, which in this comparison assumes general energy usage of 4000kWh/year, meaning the Reference Price is $1,716/year for a residential customer on a single rate tariff. Use our comparison tool for a specific comparison in your area.
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|Electricity Plan||Difference from Reference Price^||Conditional Discounts||Price Estimate*|
|Basic||9% Less Than Reference Price||No conditional discounts||$1,566
|Plus||9% Less Than Reference Price||No conditional discounts||$1,566
|Lumo Movers||3% More Than Reference Price||No conditional discounts||$1,657|
|Basic Plan Information Documents|
*Price assumes general energy usage of 4000kWh/year for a residential customer on a single rate tariff. Estimated price includes any conditional discounts that may be available. Pricing based on SA Power network in Adelaide, but prices differ between distribution areas. May 2022.
Check out our SA price comparison page to see how Lumo Energy compares to other providers in South Australia.
Lumo Energy Natural Gas
- Lumo Value: This plan allows customers to fix their gas rates for a minimum of 12 months until 31 August 2023. Lumo Value is only available in Victoria.
- Lumo Plus: This deal comes with similar terms as the equivalent Lumo Plus electricity plan. Customers must agree to quarterly e-billing and e-communications. There is no contract term or exit fees, and customers get access to the Lumo Rewards shopping program. This plan is only available in South Australia.
- Lumo Movers: This deal has no contract terms or exit fees, and customers get access to its rewards shopping program. Like its electricity equivalent, Movers Gas has no connection or disconnection fees.
- Lumo Basic: This is Lumo Energy’s basic gas deal, with no conditional discounts, just “low rates” and provides access to Lumo Rewards.
Contact Information & Billing Details
Here is the information about Lumo Energy should you need to pay a bill or get in touch with the retailer to make an account query.
Lumo Energy Contact Information
Please find Lumo Energy’s contact information below:
- General enquiries: 1300 115 866
- International enquiries: +613 9977 6109
- Fax: 1300 136 891
- Postal address: PO Box 4136, East Richmond, VIC 3121
- Online enquiry form via the Lumo Energy website
Lumo Energy Billing
Customers can pay their bills however they like. Lumo jokes they can even pay in gold bullions if they really wanted to. Its payment options include:
- Online payment
- Direct Debit
- In person at Australia Post
Customers can manage how they are billed through MyAccount. It can also be used to apply for hardship and financial difficulty concessions.
Like most retailers, Lumo Energy has a MyAccount platform that lets customers manage everything related to their energy account in the one place. Accessed online, MyAccount lets customers:
- Check & Monitor energy usage
- Pay your bills
- View & compare previous bills
- Update personal details
- Change billing method
Lumo Energy’s MyAccount even lets you export your energy usage data. Victorians can then upload this data to the My Power Planner tool on the Victorian Government’s Switch On website.
How do customers rate Lumo Energy?
South Australian electricity customers gave Lumo Energy 4 out of 5 stars for overall satisfaction in our customer ratings report.
Compare Lumo Energy to other Australian Providers
- Best-Rated NSW Electricity Providers
- Best-Rated VIC Electricity Providers
- Best-Rated QLD Electricity Providers
Should you switch to Lumo Energy?
Lumo Energy is a serious challenger in the market and seems a perfectly viable choice of electricity retailer. Its rates are generally competitive, often making it one of the cheapest companies out there. In addition, Lumo Energy has a great rewards program, its plans don’t lock you in with exit fees, and its MyAccount app takes out all the complication of managing your account. But with variable rates, its prices could be changes at any time.
Perhaps Lumo Energy’s most obvious short-coming is that its solar deals are not as strong as some competitors. Lumo’s feed-in tariff rates are fairly average and it doesn’t offer installation for customers interested in getting on board with solar power. All in all, it’s a good idea to keep your options open and compare offers from a wide range of retailers.
About the author
As Canstar Blue’s Energy Editor, Jared Mullane covers the retail energy market, with a focus on electricity, gas and solar. Jared has worked in the comparison industry for 5 years and prior to that his work appeared on media outlets including Fairfax Media. He continues to contribute expert articles to retailer publications such as Origin Energy’s blog and has been cited as an energy expert by media outlets ranging from the ABC to The New Daily and 2GB. You can follow Jared on LinkedIn.
Lumo Energy FAQs
Is Lumo Energy Australian owned?
Lumo Energy is a retail subsidiary of Snowy Hydro – an Australian energy generation and retailing company which also maintains the snowy mountains hydroelectricity scheme. Snowy Hydro also owns Red Energy.
Is Lumo Energy any good?
For customers in Victoria and South Australia, Lumo Energy provides a competitive range of electricity and gas plans. It may also be a convenient option for the ‘set and forget’ type customer as Lumo Energy is a dual fuel provider, meaning households will receive bills for each power source from the one company.
Does Lumo Energy offer solar?
Yes, Lumo Energy offers customers with solar a modest feed-in tariff (FiT), however there are usually higher FiTs to be found elsewhere. That being said, solar customers should review their electricity consumption needs as a higher feed-in tariff doesn’t always guarantee greater savings. It’s worth checking the base rates as well as the solar FiT to see if you’re getting a good deal.