Lexi Webster
Tango Energy is an energy company that was launched in 2012 to provide Aussies with low-cost, easy energy. With over 180,000 customers, it has been awarded Finder's most loved electricity company in Victoria for 2024. Despite being founded in Australia, Tango Energy is not Australian-owned. The company, previously known as Pacific Hydro, is based in Melbourne and was acquired by China's State Power Investment Corporation in 2016.
| Characteristics | Values |
|---|---|
| Year of Launch | 2012 |
| Headquarters | Melbourne, Victoria |
| Parent Company | Pacific Hydro |
| Owner | State Power Investment Overseas of China |
| Customer Base | 95,000+ households |
| Availability | New South Wales, Victoria, South Australia, and some parts of Queensland |
| Services | Electricity and Gas |
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What You'll Learn
- Tango Energy was founded in 2012 in Melbourne, Victoria
- It's the retail arm of Pacific Hydro, which has operations in South America
- Tango Energy is foreign-owned by China's State Power Investment Corporation
- Aussies tend to prefer locally-owned energy companies
- Tango Energy provides low-cost, easy energy with quality customer service
Tango Energy was founded in 2012 in Melbourne, Victoria
Tango Energy, previously known as Pacific Hydro, was founded in 2012 in Melbourne, Victoria. It is a retail energy company that focuses on providing renewable energy to its customers. With headquarters in Melbourne and a call centre in Geelong, Tango Energy has established itself as a prominent player in the Australian energy market.
The company was launched to meet the demands of Australians for low-cost, easy energy. Since its inception, Tango Energy has grown significantly and now serves over 180,000 customers across New South Wales, Victoria, South Australia, and parts of Queensland. The company's customer base continues to expand, and it has earned a reputation for delivering quality customer service without a high price tag.
Tango Energy is committed to keeping things simple for its customers, offering a quick online sign-up process that takes less than five minutes. The company provides transparent pricing with no hidden fees and no industry jargon, ensuring a straightforward and user-friendly experience for its customers.
Prior to its rebranding, Pacific Hydro owned wind farms and hydro plants in Australia and South America. In 2016, Pacific Hydro was acquired by China's State Power Investment Corporation, making Tango Energy a foreign-owned entity. Despite this change in ownership, Tango Energy remains dedicated to its Australian customers and continues to be a trusted energy provider in the country.
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It's the retail arm of Pacific Hydro, which has operations in South America
Tango Energy, previously known as Pacific Hydro, is a Melbourne-based energy company that focuses on providing renewable energy to Australians. It was founded in 2012 to meet the demands of Aussies seeking low-cost, easy energy. With a presence in multiple Australian states, including New South Wales, Victoria, South Australia, and parts of Queensland, Tango Energy currently serves over 180,000 customers.
Tango Energy is the retail arm of Pacific Hydro, a company with operations in both Australia and South America. Pacific Hydro, owned by State Power Investment Overseas of China, is a foreign-owned private entity. This ownership structure makes Tango Energy indirectly foreign-owned as well.
Pacific Hydro's operations in South America contribute to its diverse energy portfolio. The company has strategically expanded its reach beyond Australia, leveraging opportunities in the South American market. This expansion aligns with the company's commitment to renewable energy and may allow it to access additional resources and expertise to enhance its renewable energy offerings.
The South American operations of Pacific Hydro are an essential aspect of its business, demonstrating its ability to operate successfully in international markets. While the specific details of these operations are not publicly available, it is likely that they involve similar renewable energy initiatives as the company pursues in Australia. This may include the development and management of wind farms and hydro plants, which are known to be part of Pacific Hydro's energy portfolio.
Pacific Hydro's presence in South America showcases its ambition and ability to adapt to different markets and regulatory environments. By operating in multiple regions, the company gains exposure to diverse energy landscapes and can leverage its expertise in renewable energy to contribute to the energy transition on a global scale.
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Tango Energy is foreign-owned by China's State Power Investment Corporation
Tango Energy, previously known as Pacific Hydro, is foreign-owned by China's State Power Investment Corporation. Despite being founded in Australia, it was acquired by the Chinese corporation in 2016. The company is based in Melbourne and was launched in 2012 to meet the demands of Australians looking for low-cost, easy energy.
Tango Energy is a private company that sells electricity and gas to customers in Victoria, New South Wales, South Australia, and some parts of Queensland. The company has over 180,000 customers and is known for providing quality customer service without a high price tag.
Being Australian-owned is not a guarantee of better customer service, plans, or discounts, and foreign ownership is not necessarily a negative thing. However, research has shown that many consumers prefer Australian-owned brands when comparing similar products or services.
Tango Energy's parent company, Pacific Hydro, owns wind farms and hydro plants in Australia and South America. Pacific Hydro is a foreign-owned, private entity, with its ownership based in China.
Therefore, while Tango Energy is a well-known energy provider in Australia, it is indeed foreign-owned by China's State Power Investment Corporation.
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Aussies tend to prefer locally-owned energy companies
Australians tend to prefer locally-owned energy companies. While being foreign-owned isn't necessarily a bad thing, research shows that many consumers lean towards Australian-owned brands when comparing similar products or services. This may be because choosing an Australian-owned energy retailer has several benefits. Firstly, it supports local jobs and encourages innovation within the Australian energy sector, keeping more money and resources within the country. Secondly, with Australian call centres, customers are more likely to speak with someone who understands their needs and concerns. Lastly, buying energy from an Australian-owned retailer means benefiting from local expertise. These companies understand the needs of Australian customers and have experience navigating the local market, which can result in better service.
However, it's important to note that being Australian-owned does not guarantee better customer service, plans, or discounts. For example, EnergyAustralia, one of the three Tier 1 energy retailers in Australia, is wholly owned by the Hong Kong-based energy company CLP Group. Similarly, Alinta Energy, which has offices in multiple Australian cities and owns several power stations across the country, is owned by a Hong Kong-based holding company. While Tango Energy is based in Melbourne and focuses on renewable energy, it was acquired by China's State Power Investment Corporation in 2016.
There are many Australian-owned energy providers, including ActewAGL, a partnership between the ACT Government-owned Icon Water and Australia's largest electricity generator, AGL. AGL serves millions of residential and business customers and offers energy plans tailored to specific electricity and gas usage without a lock-in contract. Another Australian-owned company is Momentum Energy, which operates in Victoria, New South Wales, Queensland, and South Australia. Red Energy, a subsidiary of Snowy Hydro, also has some of the most attractive sign-up incentives across the energy space.
In summary, while Aussies tend to prefer locally-owned energy companies, it's important to consider a range of factors when choosing an energy provider, including background, location, main priorities, and where they invest.
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Tango Energy provides low-cost, easy energy with quality customer service
Tango Energy was launched in 2012 to meet Australians' demands for low-cost, easy energy. The company is based in Melbourne, Victoria, and provides electricity to over 180,000 customers across New South Wales, Victoria, South Australia, and some parts of Queensland. Victorian customers can also purchase gas.
Tango Energy has a solid reputation for providing quality customer service without the high price tag. The company was awarded Finder's most loved electricity company in Victoria for 2024, thanks to its happy customers. With a quick online signup process that takes less than 5 minutes, Tango makes it easy for customers to switch to their services.
The company is focused on renewable energy and owns wind farms and hydro plants in both Australia and South America. Previously known as Pacific Hydro, Tango Energy is the retail arm of this company, which also has operations in South America.
While being Australian-owned is important to many consumers, it is not always clear which electricity providers are locally owned and which are backed by overseas investors. For example, EnergyAustralia is not Australian-owned, and Tango Energy itself is foreign-owned, having been acquired by China's State Power Investment Corporation in 2016.
Despite this, Tango Energy continues to provide low-cost, easy energy with quality customer service to its growing customer base in Australia. The company's efforts in green electricity have also significantly improved over time.
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Frequently asked questions
No, Tango Energy is owned by Pacific Hydro, which is a subsidiary of the Chinese company State Power Investment Corporation.
Tango Energy is based in Melbourne, Victoria, and has a call centre in Geelong.
Tango Energy was founded in 2012 to meet Aussies' demands for low-cost, easy energy.
According to 2021-22 figures, Tango Energy sells electricity to over 95,000 households and gas to Victorian customers. It now has over 180,000 customers and is growing.
Tango Energy is the retail arm of Pacific Hydro, which also has operations in South America. Pacific Hydro owns wind farms and hydro plants in both Australia and South America.
