What energy company is 100% Australian owned in Australia?

 Some Aussies are surprised to learn that many of the biggest names in our power sector aren’t fully Australian owned. Companies like AGL and Origin have significant foreign investment, leaving people wondering: who’s left that’s truly 100% Australian? The short answer is that most of the large, national energy retailers are partly foreign-owned, but a handful of smaller regional and community-focused providers remain fully homegrown.

Which energy companies are 100% Australian owned?

A few electricity retailers proudly wear the “all-Australian” badge:

  • Red Energy – Owned by Snowy Hydro, which is 100% Australian Government owned. This makes Red one of the few larger retailers you can say is completely Australian controlled.

  • Powershop (under Meridian Energy Australia, before Shell’s involvement) was previously positioned as Australian-owned but is now foreign-owned.

  • Local energy co-operatives and councils (like Enova Energy, before it collapsed in 2022) have been community-based and fully Australian, though they operate on a much smaller scale than the big players.

So, if you’re looking for a retailer that is both widely available and Australian through-and-through, Red Energy is the standout.

Why aren’t more big energy companies fully Australian?

The energy sector in Australia is capital-heavy. Foreign investment helps fund infrastructure and keeps competition alive. That’s why many of the major players — like Origin and AGL — have large institutional investors from overseas.

But here’s where psychology kicks in: as consumers, we often equate ownership with trust and loyalty. Behavioural science tells us this is a form of in-group bias — we’re more comfortable supporting companies that feel “like us”. Energy retailers know this, which is why marketing often leans on words like local and community, even when majority ownership sits offshore.

How does this affect brand positioning?

Red Energy has cleverly leaned into its 100% Australian status. Its link to Snowy Hydro — an iconic national project — gives it an authority halo effect (Cialdini principle: Authority). This is a powerful differentiator in a crowded market where most retailers compete on price discounts rather than identity.

Meanwhile, companies like Origin face questions about foreign ownership. That perception gap influences customer loyalty, because people want consistency between what a brand says and what it actually represents (Cialdini principle: Commitment & Consistency).

Does Australian ownership mean better value?

Not always. Prices are influenced more by wholesale market costs and government policy than by ownership structure. But customers often feel better choosing a fully Australian company — it aligns with values like supporting local jobs and keeping profits at home. That emotional alignment can be more persuasive than a $20 annual saving.

FAQ

Is Red Energy really 100% Australian owned?
Yes. Red Energy is owned by Snowy Hydro, which is 100% owned by the Australian Government.

Is AGL 100% Australian owned?
AGL is listed on the ASX and has significant foreign shareholders. It cannot be considered fully Australian-owned.

Is Origin 100% Australian owned?
No. Like AGL, Origin is ASX-listed and has a mix of local and international investors. (See origin business energy review for deeper insight into Origin’s ownership structure).


In short, if you’re looking for a genuinely 100% Australian-owned electricity retailer, Red Energy is your safest bet. And while ownership doesn’t always dictate your bill size, it can say a lot about what kind of business you’re supporting. For those who care about keeping control closer to home, that difference matters more than cents on a bill.

For further reading on the ownership of Australia’s major energy retailers, see this Australian Energy Regulator overview.

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