3 energy bill myths exposed in 2021
There are a lot of myths floating around about energy and it can often be hard to separate fact from fiction. From deciphering your power bill to which appliances to switch off, these questions have become so common that here at Mozo, we thought it’s best to put some of the myths to bed.
So, if one of your goals in 2021 is to get on top of your energy spend, we’ve collated down four energy bill myths to be aware of.
Myth #1 - If you’re not using it, it’s not using electricity
Whether it’s your computer, kettle or phone charger, you’d be forgiven for thinking that just because you’ve switched the appliance off it’s no longer using power. However, forgetting to unplug appliances at the wall could be adding to your annual energy bill.We all lead busy lives and remembering to switch off your appliances might not be as easy as it sounds. A great way around this is to set a reminder on your phone to switch off before bed at night, then you can sleep knowing you aren’t using unnecessary power.
Myth #2 - Switching won’t save you any money
Switching energy plans can sound like more effort than it's worth. But did you know that our financial experts recommend you review your energy plan once every 12 to 18 months? According to Mozo research last year, the average Aussie is only reviewing their offer once every two to five years!
The good news is, switching energy plans is actually much easier than you think, especially when you’ve got Mozo’s energy comparison tool by your side. All you need to do is answer a few quick questions about your energy bill and you’ll be able to compare some of the energy plans in your postcode, which could save you money on your energy bills in the long run.
Myth #3 - Going green won’t make a difference to my bill
Renewable energy has grown in leaps and bounds over the past few years with more Aussie households choosing to either install solar panels or use GreenPower as their source of electricity.
GreenPower refers to an energy plan where a percentage of your electricity is generated from a renewable source, but you will need to factor in any costs that may be associated with these plans, for example solar panels if you opt for solar power. Your retailer will then purchase the nominated amount on your behalf and feed it back into the grid.
Besides the environmental benefit, going green with your energy could also save you some big bucks. Mozo analysis in 2020 showed that the cheapest green electricity plans in our database were actually better value than the average electricity plan.
To find and compare energy providers and plans in your area use the handy comparison tool below.