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If you dread opening your electricity bill you're not alone. But if you live in Victoria the power is in your hands to switch. Mozo can help you to find a better energy deal. We compare plans from well-known Australian energy providers and can give you cost estimates based on your usage. Signing up is also easy as you'll be able to apply directly if you find a suitable plan.
It’s a reliable service but I guess most providers are. I don’t like their statements sometimes they make it hard to tell what is overdue and what is current. Easy to make payment plans for. Rates a little higher than some others however they offer a flat discount even if you don’t pay on time.
Read full reviewIt’s a reliable service but I guess most providers are. I don’t like their statements sometimes they make it hard to tell what is overdue and what is current. Easy to make payment plans for. Rates a little higher than some others however they offer a flat discount even if you don’t pay on time.
I like that they have an app, I can see my estimate current usage. I can pay in advance monthly so I can stay ahead of bills and I can enter my own meter reads. And they don’t hassle me with telemarketing calls.
Read full reviewI like that they have an app, I can see my estimate current usage. I can pay in advance monthly so I can stay ahead of bills and I can enter my own meter reads. And they don’t hassle me with telemarketing calls.
Between changes to home ownership and increases to superannuation, it’s been a big week for finance news. But things have also perked up within the energy sector, with the Federal Government unveiling a $1.6 billion plan as a part of the 2021 Budget. Over the next four years, the government will primarily focus on low-emissions technologies, allocating $635 million to this cause. Some of those investments will include building renewable energy microgrids in remote areas in the Northern Territory and Northern Queensland.“Our 2021-22 Budget measures will provide reliable, secure and affordable energy to all Australians, and increase investment in technology solutions to reduce emissions in a way that supports jobs and economic growth,” said Minister for Energy and Emissions Reduction, Angus Taylor. “This Budget builds on the Government’s existing initiatives to guarantee reliable and affordable energy, stimulate jobs and reduce emissions without imposing new costs on households, businesses or the economy.”An additional $25 million will be allocated to assist new gas generators with making the transition to hydrogen. However, many critics have argued that the Budget overlooks necessary funding for network upgrades, which is argued to be essential for the future of electricity stability and reliability. “If this truly is the infrastructure budget, Infrastructure Australia has identified that there is a need for major transmission upgrades to supply network access to renewable energy zones as a high priority, particularly in light of retiring thermal generation,” said Clean Energy Council’s chief executive, Kane Thornton. “It’s disappointing that in a ‘nation-building’ infrastructure budget, upgrades that will enable the access and security of clean, low-cost power have not been prioritised.”
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In an effort to transform Victorian roads, the Victorian government has announced it will be offering 20,000 subsidies of up to $3,000 for the purchase of new electric vehicles (EVs) under $69,000. The new initiative is a part of the government’s plan to have half of all new cars sold in Victoria emission-free by 2030. The first 4,000 subsidies were made available on 2 May 2021. “When people get an EV (electric vehicle) they are starting to save significant dollars off their bills," climate change minister, Lily D 'Ambrosio told the ABC."It's almost up to $1,600 that is saved off fuel and maintenance costs, each and every year, so we want to make it easier for Victorians.''In addition to the subsidies, the VIC government also plans to spend $19 million on new charging stations and an extra $10 million on government EVs, which it hopes will amount to more than 400 EVs over the next two years."This is very, very ambitious but [a plan] we are absolutely committed to achieving,” said D'Ambrosio.
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Back in March, the Australian Energy Regulator (AER) suggested that Aussies with rooftop solar who export excess electricity to the grid be charged a cost for doing so. They said this new rule could help the electricity grid cope with large influxes of renewable energy generation brought on by rooftop solar. "The poles and wires businesses were set up to get electricity from a big generator, like a coal plant or a gas plant, down those wires and into your house," said AEMC chief executive, Benn Barr. "That change we've seen over the last 10,15 years is a two-way flow … now power is not just going to your house, but power is coming from your house. The system hasn't been set up to deal with that.Barr argued that the prices would be flexible and be left up to power companies to determine, however, Aussies will still be able to earn cash by exporting electricity when required. "We've modelled different charges from $10 to $100, depending upon the size of your solar system," Barr added. "You get a good return from solar. And it's not going to make it uneconomical for customers to put it on their roof.” However, not everyone is on board with the idea. Professor at Victoria University, Bruce Mountain told ABC’s 7:30 program that this measure would decrease a household’s income received for exporting solar by 80%. This could also see fewer Aussies interested in making the switch to solar power. It’s no secret that Aussies are big fans of solar power, with recent research from the Clean Energy Regulator found that as of 31 December 2020, more than 2.66 million households have had a solar system installed. But could a proposed tax forecast a dive in solar uptake amongst Aussie households? "Essentially, they will get the equivalent of a hamburger a year as their income from rooftop solar sales,” Mountain told 7.30. “I think that's very likely to bring pressure in the rooftop solar market, and customers will be less interested in it.” It’s unclear whether this proposed change will go ahead. But if you’d like to learn more about how solar power can benefit the environment and your wallet, have a read of our solar power guide.
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The Australian Energy Regulator (AER) has announced its final decision on the Default Market Offer (DMO) for the 2021/22 financial year - and it’s good news for both households and small businesses. According to the regulator’s recent report, approximately 727,000 residential customers on standing offers will have their electricity prices cut by up to $116 annually, while small businesses will see a drop of $441. As a quick recap, the DMO was introduced in July 2019 as a measure to prevent Aussies on standing offers from being charged exorbitant prices on their energy bills. The DMO acts as a price cap that retailers must abide by and is issued by the AER. AER Chair, Clare Savage says that while the price change is good news for residents and small businesses, customers are still encouraged to shop around to ensure they’re getting the best value for money on their energy plan. “The DMO is not designed to be the most competitive deal but rather it is a safety net for customers who don’t or can’t shop around when it comes to their electricity contract,” she encouraged.“Most retailers have cheaper energy deals on offer, so shopping around remains the best way to get a better price.”
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Various solar rebates and schemes have helped thousands of Aussie households turn their green energy dreams into reality, and it’s helping boost renewable energy production big time. According to solar energy marketplace bidmysolar, one-fifth of Australia’s clean energy is generated from small-scale solar systems.One scheme that’s increasingly popular amongst Aussie homeowners is the federal government’s Small-scale Renewable Energy Scheme. Under this scheme, small-scale technology certificates (STC) are generated for every kilowatt of panels installed. The number of certificates produced per system depends on its geographical location, installation date and the amount of electricity generated, which can mean a rebate worth thousands of dollars. Regardless of the system’s efficiency, the rebate per panel remains the same, prompting Aussies to purchase less reliable and cheaper systems. As a result, electricity generation and consumption are disrupted. “Quality solar will pay for itself within three to four years and last for 15 to 25 years. Comparably, cheap solar often fails within 12 to 36 months and underperforms by as much as 60% annually,” founder of bidmysolar, Bernie Kelly told Mozo. “Cheap solar is undeniably expensive solar, because not only have you invested in a system that fails but you also continue to have sizable power bills and if you decide to reinvest in a new system, the output of those costs too.” Further research from bidmysolar revealed that one in six solar systems across the country developed a major fault or stopped working altogether, with cheaper models often losing more than 20% of their output capacity within just five years. “The government incentive programme for solar has created an environment for unreliable solar operators to thrive. Cheap, underperforming and failing solar has been dumped into the Australian market,” says Kelly. It’s forecasted that more than 400,000 applications for the STC’s by the Clean Energy Regulator will be made this year. To prevent more solar hiccups for the average household, Kelly shared with Mozo his top three tips for finding a top of the line solar system. “The most important issue for consumers is to never rush in, avoid all the sales hype, and know that prices do not swing wildly from day to day or month to month,” he said. “Avoid wherever possible, finance promising interest-free, no money down. Instead, talk to your bank and use their Green Loan initiatives or a fit for purpose solar loan.“Always stick to the facts, if anybody makes a statement regarding quality and performance, have them explain the position with some science attached. Question everything which is stated verbally and have a salesperson commit to writing what they have said.“Find an independent solar advisor who is not conflicted by sales commissions or benefits, like selling your personal details to multiple solar companies.” Despite its popularity, solar power remains a mystery for many Aussies, so if you’d like to learn more about how solar energy works, have a read of our handy guide.
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As we know, the COVID-19 lockdown began in early March, which saw many Aussies having to adjust to work life from the comfort of their couch or unfortunately, experience financial hardship for the very first time.
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As Aussies across the country ease themselves back into work following the Christmas break, the Victorian government has been well ahead of the game, announcing its decision for the Victorian Default Offer (VDO).
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While the winter chill is certain to send shivers up the spines of many Aussies, the dreaded July 1 energy price update may have a similar effect.
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