Mozo research reveals green plans cheaper than standard electricity

By Ceyda Erem ·
green-electricity

There’s a common misconception that GreenPower is more expensive than standard electricity, stopping many Aussies from going green with their power. 

But according to recent Mozo analysis, the cheapest green energy plans were actually better value than the average electricity plan. 

In fact, depending on your state and distribution zone, households can save between $32 to more than $200 a year. 

Just in case you weren’t aware, a green energy plan refers to where a percentage of your electricity (between 10% and 100%) is generated from a renewable source. Your retailer will then purchase your nominated amount on your behalf and feed it back into the grid. 

“In most cases, the data reveals that you can help save the planet and save money at the same time,” said Mozo Banking Expert, Peter Marshall. 

The data showed that households in Adelaide have the potential to save $257 a year just by switching to the cheapest green electricity plan in the Mozo database - the Powershop Shopper Market Offer Plan. 

“For our 2020 Mozo Experts Choice Energy Awards, Powershop came out on top as the green retailer with the best residential prices in four states (NSW, VIC, QLD, SA), while Energy Locals had the cheapest green plan for the ACT,” said Marshall. 

Sydneysiders within the Ausgrid region have the potential to save $166 a year, followed by Canberra ($106), Brisbane ($105) and Inner Melbourne ($43).

Where to find the best electricity plans for 2020

As households around the country prepare for another sticky summer, having a top notch electricity plan on your side has never been more important. But unlike shopping around on home loans or credit cards, comparing energy plans can be trickier. 

That’s why every year our expert judges put in the work to uncover the best electricity plans, from New South Wales to South Australia. And with categories from solar-friendly electricity to standard electricity, there’s a winner for every kind of household. 

If you’d like to find who made it onto this year’s winners list, head on over to our 2020 Mozo Experts Choice Energy Awards winners page. 

Or if you’d like a deeper look at how electricity prices changed in 2020, check out our latest energy report.

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Ceyda Erem
Ceyda Erem
Money writer

Ceyda Erem is Mozo’s authority on Energy, as well as having broader expertise as a personal finance writer. She loves to put her researching and writing talents into stories that help our readers to make more informed financial choices, whether that’s about finding the best energy deal or writing about the latest sneaky bank tricks. Ceyda has a Bachelor of Arts (major in writing) from Macquarie University.