With feed-in tariffs set to fall in South Australia, one of the biggest concerns for solar households, is losing excess power back to the grid instead of using it at home.
A Melbourne suburb is on its way to become the first town in the world where every house will be powered by solar panels, inverters and Tesla’s battery storage solutions.
The answer is yes if a recent report by energy economist Bruce Mountain is anything to go by. The study prepared for the GetUp! Group, which campaigns on issues that affect everyday Australians, looked at how much energy retailers are charging households for their services and whether deregulated retail markets are actually working in the interest of consumers.
When I first started writing for Mozo in 2011, term deposits were all the rage with interest rates sitting at as high as 6%. But as the years have passed and the RBA’s official cash rate has continued its downhill slide to record lows, term deposit rates have quickly tumbled to near the 2% mark.
As the dust settles from Brexit and the Australian Federal Election, the Reserve Bank is shaking things up yet again, by cutting interest rates to an unprecedentedly low 1.50%.