As Victoria braces itself for a potential second wave of Covid-19 cases, increased restrictions are set to put a further strain on the state’s small businesses. And while things might not have slowed down for the energy industry, there is a way Victorian small businesses can take some of the heat off upcoming bills: switching to a lower market offer. New research by the Essential Services Commission (ESC) has revealed that VIC small businesses have the potential to each save $2,400 a year on gas bills just by making the switch.If 10,000 small businesses did so, they’d collectively save a jaw-dropping $24 million. According to the regulator, default gas offers (the plans customers are placed on if they don’t shop around) could be reportedly up to 24% more expensive than discounted offers. “This finding shows how important it is to pick up the phone and talk to your energy retailer about their best offer,” said ESC chief executive, John Hamill. “Small businesses could be experiencing bill stress during this challenging period and these potential savings could provide some welcome relief.”Data from the ESC also found that by the end of May, approximately 684 small businesses were receiving payment assistance from their gas retailer and owed an average of $1,441 on their gas account. Electricity debts weren’t any better, as a massive 2,488 small businesses owed their retailer an average of $1,141.
Zombies, werewolves, vampires - there’s a chance you might have enjoyed movies and stories involving these mythical creatures growing up. But what if we told you there is a type of vampire that’s very real and could be sucking not your blood, but your wallet dry.
Mozo previously reported on a new energy scheme designed to help the grid cope and remain reliable during periods of high demand. It was called the ‘wholesale demand response’ and according to the Australian Energy Market Commission (AEMC), the scheme is now likely to start in October of next year.