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[VIC, SA, NSW, QLD] "Warm Welcome" Electricity Plan: Receive $200 Credit on First Bill @ Momentum Energy

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[VIC, SA, NSW, QLD] "Warm Welcome" Electricity Plan: Receive $200 Credit on First Bill @ Momentum Energy
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asifpau on 15/06/2024 - 07:24 momentumenergy.com.au (5171 clicks)
Last edited 26/08/2024 - 23:29 by 4 other users

$200 Sign-up credit for new customers. Better than some of the others on offer. Good for churners who have recently done AGL and Origin.

(Referral solicitation removed — Mod)

$50 for gas signup as well

So in total up to $300 signup credit

For new customers to Momentum only.

t&c's:
Eligibility criteria To be eligible for this plan: 1. the Supply Address must be in Victoria, South Australia, New South Wales or the Energex distribution zone of Queensland; and 2. the Market Contract must be your first electricity Market Contract with us for the Supply Address (New Contract), 3. you must a) be a residential customer (which means a customer who purchases energy principally for personal, household or domestic use); b) sign up directly with us and not through a thirdparty; c) pay your bills in full by direct debit for the life of the plan; and d) receive your bills, notices and other communications Electronically.

Changed referral system to PM only. Do not ask for referrals in the comments.

Referral Links

Referral: random (48)

After referee initiates the switch, referrer and referee each get $50 credit on their accounts.

Referee who signs up via telephone: quote the referral code & name of referrer to customer service during your sign-up telephone call.

Electrical & Electronics Electricity Energy Supply Gas Supply Store Credit

Related Stores

Momentum Energy
Momentum Energy

closed Comments

  • Clambabula on 15/06/2024 - 07:42
    +26

    Shame you force people imto a phone call just to see fit rates. Pass just because of that

    • RockyRaccoon on 15/06/2024 - 07:50
      -3

      Not sure what your issue is I found these rates for my location on the website (which may not be the same for you - Ausgrid)

      Daily charge (¢/day)142.45

      Peak rate (¢/kWh)25.7400
      Off Peak rate (¢/kWh)25.7400
      Shoulder rate25.7400

      Solar Feed In Tariff (¢/kWh)# 7.00

      With the proviso that these are chnaging on July 1.

      You maybe doing something different in your sign up, or might be affected by your wholesale supplier. (eg Ausgrid, Endeavour etc)

      In my case having just signed up to Origin for the $200 its too early to switch again.

      • Clambabula on 15/06/2024 - 08:12
        +8

        I cannot get my solar rates without adding an address and I can't add an address without getting a pop-up that said let's chat and arrange a callback

        In fact if I try to enter my address that's the first thing that comes up after I click on my address.

        Yes i can see other rates. And if I can see the other rates why am I forced into a phone call just to add my address?

        Agaun its a pass

      • mrvaluepack on 15/06/2024 - 09:04
        +23

        Jesus! That daily charge rate!!

        • Whatisthatvelvet on 15/06/2024 - 09:44
          +1

          I checked my place in Adelaide

          Daily charge (¢/day) 169.29
          Peak rate (c/day) 37.95

          • tunzafun001 on 15/06/2024 - 12:19
            +1

            @Whatisthatvelvet: $1.70….Wowsa!
            So mentally take approx $30 of the sign up credit for every month you stay with them. Origin have a SADECO offer around 80c per day.

          • freedomj on 15/06/2024 - 18:33

            @Whatisthatvelvet: Same here in adelaide

          • [Deactivated] on 21/06/2024 - 23:51

            @Whatisthatvelvet: Have a look at alinta

            97c daily charge for me 5065

        • Guybrush57 on 15/06/2024 - 09:47

          It's on the cheaper side for Essential Energy. What's yours?

          • mrvaluepack on 15/06/2024 - 11:43
            +1

            @Guybrush57: My rates:

            Amount
            (incl. GST)

            Supply Charge
            99.00000¢/day

            Usage
            21.78000¢/kWh

            Solar FiT
            7.00000¢/kWh

            • Guybrush57 on 15/06/2024 - 14:40
              +1

              @mrvaluepack: You've got life good son. Essential Energy is at least 50% more on both your supply and usage rates.

        • Trhrd on 15/06/2024 - 09:53

          It shows even higher for me. However, given the $200 (let's say min. $50, coz others may offer $150), it may worth to go through some hassle. e.g. @96c/day, 28c/kWh vs. @160c/day, 26c/kWh; (600kWh $197:$204) (700kWh $225:$230) (800kWh $253:$256) (1000kWh $309:$308) YMMV

        • TrustNoBody on 17/06/2024 - 17:59

          i know i checked mine in bankstown sydney and it’s $1.50 i pay 72c with agl

      • Jugganautx on 15/06/2024 - 09:19
        +9

        $1.42 daily supply rate that is criminal… Holy sht

      • furyou on 15/06/2024 - 22:27

        Are you on TOU? I'm sure Ausgrid set any change in plan must go on to TOU.
        That daily tho… that's 2kwh worth.

    • asifpau on 15/06/2024 - 08:01

      not sure what u referring too. signed up online with all rates visible and no problems at all.
      Rates were higher for me but end of day free credit will run me 2 months and will churn then

  • Timm on 15/06/2024 - 07:46

    Anyone use them? What are they like?

    • davidavid26 on 15/06/2024 - 08:21
      +3

      I’m with them at the moment, no issues. But got an email recently, they are going to drop solar rebates.

      • 89tnp on 15/06/2024 - 11:02
        -1

        looks like all of them are going to drop FIT 1/7

  • txb on 15/06/2024 - 08:29
    +13

    Why don't providers post their post-July 1 rates on their websites? They surely have this information weeks in advance. It's incredibly frustrating not being able to proactively forecast how long a credit will last.

    A $200 credit could last two months or two weeks, depending on the rate offered.

    I can't see the control load 1 rate. I can get a postcode estimate, but it only displays daily and general use rates, unless the daily rate includes both supply and CL1 charges.

    • asifpau on 15/06/2024 - 09:00

      change it your address search by selecting dropdown. you will be able to find rates than listed in each plan type.

      • txb on 15/06/2024 - 09:02

        I am in the same situation as @asifpau they require a phone call consultation for my rates to display, so I've just put the postcode option to get a generalised display of rates.

    • HitlersDad on 15/06/2024 - 09:00

      Agree almost seems like they avoid this.. just don't get locked in now with unknown rates coming up.

    • 0FoxGiven on 15/06/2024 - 09:20
      +1

      Most providers will show the new rates notice while signing up 10 business days before the rates go live. So expect to be able to see it by the 17th of June

    • Ezekiel2320 on 15/06/2024 - 09:23
      +1

      Why don't providers post their post-July 1 rates on their websites? They surely have this information weeks in advance. It's incredibly frustrating not being able to proactively forecast how long a credit will last.

      You're so close to getting it

    • 89tnp on 15/06/2024 - 11:02

      lumo has fixed rates until sep 2025 with no exit fee.

      maybe an opportunity to get in before price rise.

      • Mr Plow on 15/06/2024 - 14:39
        +3

        Why would the price rise? Wholesale prices have decreased.

        • HitlersDad on 15/06/2024 - 16:28

          Let's see

          • Whatisthatvelvet on 15/06/2024 - 18:49
            +1

            @HitlersDad: I got notification from AGL the other day that my anytime tariff is going down by 0.7c, to 41.5c.

  • controlc on 15/06/2024 - 09:25
    +6

    $1.969 service charge a day on their cheapest plan… hard pass!

  • 0 0 0 on 15/06/2024 - 09:26
    +1

    Thanks just churned from RACV Arcline after getting their bonus last month

    • Guzd on 27/06/2024 - 09:52

      What other providers have you done this with? I’m with AGL and plan to eventually settle on ovo with their free three hours window

      • 0 0 0 on 27/06/2024 - 14:41
        +1

        To be honest I've kind of lost track. I'm halfway waiting to churn for gas and can't even remember who I'm with and churning to for that!

        Electricity is much easier as the churn happens within a couple business days.

        I think I went from Ovo to AGL to RACV Arcline to Momentum for electricity.

        I'll most likely churn back to Ovo as they had pretty good rates and an ongoing referral bonus or something that gave me $10 off each month

  • Raynes on 15/06/2024 - 09:34
    +2

    $1.50 daily supply for me, pass

  • daMuzza on 15/06/2024 - 09:37
    +2

    The daily rate is high, but I've done the numbers and this works out a lot cheaper for me overall mostly because it has lower shoulder rates and I have high usage.
    I've been waiting to sign up for a while now, but until they advertise what their rates from July are, I'm not going to waste my time.

  • StingyShopper on 15/06/2024 - 09:38
    +2

    Not phoning in to get a quote. I have a smart meter at my address theres no reason for me to call

  • dosai22 on 15/06/2024 - 09:46

    Any idea about solar?

  • Guybrush57 on 15/06/2024 - 09:52
    +3

    182.27c daily supply charge

    Feck nope!

  • Kas on 15/06/2024 - 10:02

    What a rip off daily changes 🤪

  • duckieboy on 15/06/2024 - 10:06

    Tried to sign up, said I failed credit check. Anyone else getting the same issue? My credit score is definitely not an issue.

    • 0 0 0 on 15/06/2024 - 10:08
      +2

      Nope I've been churning every one or two months so far

      • Brick50 on 26/06/2024 - 18:39

        Yes same issue here, haven’t had any troubles. Changed a few times this year

  • 0 0 0 on 15/06/2024 - 10:07

    Based on my usage in May for 21 days momentum is 55c more expensive than RACV Arcline. I'm churning for another month or two of free electricity

  • Darude Sandstorm on 15/06/2024 - 10:13

    does this count for second bill too? My electricity is $80~ a month for a 2 person, 2 gaming pc, homelab

    • prhino on 16/06/2024 - 16:00

      It does with most other energy retailers. The credit rolls over.

  • unity1 on 15/06/2024 - 10:16
    +2

    Do will still get the federal government $300 rebate even if we keep swapping electricity companies? When is the first installment?

    • loginid on 15/06/2024 - 12:17

      Also would like to know

  • s0805 on 15/06/2024 - 10:32
    +1

    Their new customer definition is very wide. Not sure if this is Norm. If you have been with them anytime in past, you are not new customer.

    • Tir on 15/06/2024 - 12:41

      It said at the same supply address, so if you've moved I guess it works?

    • kirkleton on 04/07/2024 - 20:41

      What if someone else at your home signs up?

  • [Deactivated] on 15/06/2024 - 10:33

    Unrelated to momentum specifically but has anyone else had credit issues from swapping often? I had been swapping gas/electricity every 2 months all year then last month my credit score dropped 200 points (no other credit enquiries, never missed a payment on anything) Pretty hesitant to keep moving around now

    • 89tnp on 15/06/2024 - 11:03
      -3

      I wouldn't have thought they are related?

    • 0 0 0 on 15/06/2024 - 11:53

      Haven't checked but presume my score will tank. But not worried, don't need to borrow money with all the money saved from the churns. Can pay for a house and car in CASH!!

  • Alzori on 15/06/2024 - 11:01

    While initially tempting, eh. It will be about $1/day more expensive than my current plan, and my current plan isn't available with my current retailer anymore so I wouldn't be able to swap back to cheaper rates.

    • 0 0 0 on 15/06/2024 - 11:54
      +5

      But $250>$30

      And just churn again after the bonus is used up.

      • Alzori on 17/06/2024 - 12:17
        +1

        Yeah fair call, justifies me spending $250 on new toys 😝

  • Djfhsd1 on 15/06/2024 - 11:30

    This is the closest a plan has come to beating AGL or Powershop for us with an EV in SA. Close, but still not quite there.

  • thefreelunch on 15/06/2024 - 11:34
    +1

    I had to contact them for rates (I emailed) and they said they didn't supply to my (NSW) address. This is likely why some others are getting this message.

  • Kustard King on 15/06/2024 - 14:18

    In QLD, the rates are ridiculous! Many providers are hiking the rate 1/7 so the token signup credit must be taken into consideration. AGL are doing $200 credit with a better rate if in QLD.

  • whey4000 on 15/06/2024 - 14:20

    How does churning work, if Im in the middle of a period with my current provider, do they send a bill for a partial period then the new company takes over

    • [Deactivated] on 15/06/2024 - 18:25

      In Vic yes, typically when you churn electricity with a smart meter you'll get a final bill upto the changeover date which is typically with 2 or 3 business days of signing up

      • whey4000 on 15/06/2024 - 20:09

        Ok cool thanks for confirming

  • screensaver on 15/06/2024 - 14:33

    my daily rate is 1.50 but the electricity rates are low, 26% below reference price, will consider them if they offer this again in the future

  • Choc0 on 15/06/2024 - 17:36

    What happens with the $75 government credit in July? Do we collect it from our old retailer or this one?

    • gothebroncos on 15/06/2024 - 19:10

      just keep an eye on it - I had changed during one of these and had to chase the old proider and they were reluctant to assist

  • noz on 15/06/2024 - 20:26

    Daily rate: $1.72. Highest I've ever seen.

  • theray on 15/06/2024 - 21:51
    -1

    Does any one know how long you need to churn away from AGL before you can churn back to AGL and be able to get the new customer credit?

    • bitcoinorbust on 15/06/2024 - 22:24
      +1

      AGL may exclude accounts from receiving more than one upfront credit per fuel in any 12-month period.
      Time to churn through providers Momentum, OVO, AGL, governement credits. Hopefully wont need to pay for power next 8 months

      • prhino on 16/06/2024 - 16:02

        And sadly the fine print for Momentum is every more limiting: "the Market Contract must be your first electricity Market Contract with us for the Supply Address"

  • furyou on 15/06/2024 - 22:32
    +1

    My welcome daily charge
    Daily charge (¢/day)163.57
    My current red energy 85c.

    So first 11kwh of solar fit is thrown out.

  • SBOB on 16/06/2024 - 09:45
    +1

    Similar crazy daily supply charge for my ausgrid area, but currentl $200 agl credit will be used up this month. Might be worth the churn just to get $ to cover though some winter months before churning somewhere else more suitable.

  • Ebany on 16/06/2024 - 10:36

    Saw this a few days ago while reviewing rates after my last Origin bill. Daily charge is high but we use a fair amount of power so the p/kwh rate offsets this substantially. Had been holding off while reviewing but just made the swap using one of the random referral codes above.

  • limetree1 on 16/06/2024 - 10:44

    Is it normal that this company is asking for DD setup in the end? I prefer to pay the bill when it arrives.

    • Ebany on 16/06/2024 - 12:11

      Very common. Bill arrives and the money normally comes out a couple of weeks later on the bill's due date.

      • Gavman on 16/06/2024 - 14:51

        Do they charge fees for Direct Debit from credit card? I cant see anything on their T&Cs

  • MegFan on 16/06/2024 - 13:29

    Is there an end date for this?

  • Gavman on 16/06/2024 - 14:57

    my rates r 23c pk/W and 103c daily.. pretty competitive. inner Melbourne

  • prhino on 16/06/2024 - 15:59
    +1

    By jumping from provider to provider taking advantage of the sign-on offers, I've yet to pay for electricity since October last year. My aim is to never pay for electricity.

    • HitlersDad on 16/06/2024 - 17:09

      What have been the best ones or simply the best offer at time?

      • prhino on 16/06/2024 - 17:41

        Yeah, just whatever was best. Ideally you get $200 sign up offers.

  • prhino on 16/06/2024 - 16:03
    +2

    If you've been with Momentum before you won't get the credit

    "the Market Contract must be your first electricity Market Contract with us for the Supply Address"

    • Gavman on 16/06/2024 - 19:04

      key word being at that 'address'

    • camMMM on 17/06/2024 - 03:10
      +1

      Ah bummer. I was with momentum like 3 years ago… thought I’d be in the clear. Apparently not. Anyone know how to cancel the churn?

      • circle9nine on 17/06/2024 - 11:39

        You should call them and see what they say. If not, tell them you want to use your 10 day cooling off period which will cancel the transfer.

        Can you report back?

        • camMMM on 17/06/2024 - 15:03
          +2

          I called them and said I wanted to cancel if I dont meet the criteria of the welcome credit… she said she checked my account and I have been signed up to the welcome deal and will recieve the bonus on the first bill. I decided to stay with Momentum and hopefully the credit will be applied.

          • prhino on 18/06/2024 - 10:49

            @camMMM: Good luck. I wouldn't risk it myself, until I hear of others having the credit actually applied on a bill, given the rates aren't great.

    • huntress_love on 17/06/2024 - 14:37

      does it say how far back this goes? 1 year, 2 year, 10 years…?

      Is just say new contract, it's a new contract when you signup isn't it?

      Doesn't make it clear, if there is an time limit, as Alinta may is it very clear, they'll only pay the credit every 12 month, written on signup.

      • prhino on 17/06/2024 - 15:09

        If you've had electricity from them at your property previously, you can't get the bonus at your current property.

        Seems pretty clear.

        • txb on 17/06/2024 - 21:26
          +1

          https://www.ozbargain.com.au/comment/15393051/redir

          This guy did

          • prhino on 18/06/2024 - 10:49

            @txb: They haven't been billed yet. I'd believe it when it shows up on their bill.

            • camMMM on 24/07/2024 - 11:33

              @prhino: Update -
              First momentum bill just came.

              $200 welcome credit and $50 friend referral bonus both applied !

              WIN

              Rate increase email also came. Will churn to PowerShop after next bill.

              • prhino on 25/07/2024 - 13:01

                @camMMM: Excellent. Just to confirm, did you get the customer service person actively add the credit to your acccount, or was it already there when she checked?

                • 0 0 0 on 25/07/2024 - 13:40
                  +1

                  @prhino: Mine was automatically added. Just churned out after a month. Momentum account closed with about $2 in credit.

              • nmehta on 05/08/2024 - 16:01

                @camMMM: Hey mate - have you churn out to PowerShop from Momentum?
                Did you have any credit balance left and could you request for a refund of the credit balance or do you forfeit the credit on the account?

        • Increase1 on 24/06/2024 - 09:45

          Old mate has no experience with bonus offers if he thinks T&C are pretty clear…

          • prhino on 24/06/2024 - 12:52

            @Increase1: I always use bonus offers. The T&Cs on this offer are super clear. Whether Momentum chooses to enforce them is another matter.

            • Increase1 on 24/06/2024 - 14:16

              @prhino:

              "you can't get the bonus at your current property."

              Whilst their terms may seem/be pretty/super clear, companies rarely stick strictly to their own terms. You gotta have the mentality to try them, rather than assume the worst…

              • prhino on 24/06/2024 - 15:27

                @Increase1: Yeah, but if the rates suck then you just end up wasting money.

                • Increase1 on 05/08/2024 - 19:52

                  @prhino: 100%. Thats why i havent switched. The rates are a joke

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