About Momentum Energy
Company Overview
Momentum Energy, wholly owned by Hydro Tasmania
HeadquartersMelbourne, VIC, Australia
Founded2004
SizeApproximately 300 employees (source: linkedin.com). Revenue data for 2023 is not publicly available.
What They Do
Momentum Energy operates as an Australian energy retailer, supplying electricity, gas, and renewable energy solutions to residential and business customers across multiple Australian states (source: momentumenergy.com.au). The company emphasizes straightforward energy plans and transparent pricing, focusing on renewable energy support through its GreenPower product offerings. Unlike renewable energy project developers, Momentum primarily functions in the retail segment, purchasing energy from the grid and reselling it to end consumers (source: momentumenergy.com.au). This approach allows them to cater to a diverse customer base while promoting sustainability.
Projects & Track Record
Momentum Energy's GreenPower product serves approximately 200,000 customers across Australia, contributing significantly to the renewable energy landscape through government-accredited offerings (source: momentumenergy.com.au). The company's renewable promise mechanism adds substantial renewable energy to Australia's grid annually, although it does not operate generation assets itself. Momentum's operations span multiple Australian states, including Victoria, South Australia, New South Wales, and Tasmania, with a focus on providing reliable energy solutions to its customers (source: momentumenergy.com.au).
Recent Developments
In a significant recent development, Momentum Energy announced it temporarily stopped accepting new customers due to elevated wholesale electricity prices affecting the entire retail sector (source: momentumenergy.com.au). Additionally, in August 2023, the company self-reported to the Australian Energy Regulator that it had overcharged almost 2,500 customers for its GreenPower renewable energy product between 2018 and 2023, committing to refund approximately $1.1 million, including interest, to affected customers (source: momentumenergy.com.au). These actions reflect the company's commitment to regulatory compliance and transparency.
Working There
Momentum Energy emphasizes a work culture centered on customer satisfaction, teamwork, and innovation within the competitive energy market (source: momentumenergy.com.au). The primary employment hub is the Melbourne headquarters, which houses various corporate functions, while additional opportunities exist at the Hobart call centre operation. Roles span several categories, including corporate functions, marketing, customer service, and technology support, reflecting the company's commitment to a diverse and inclusive workplace (source: momentumenergy.com.au). The company has also launched a Disability Inclusion Plan, indicating a commitment to workplace diversity and inclusion.
Not seeing the right role? Join our talent pool