A trailblazer in financial comparison since 2008, Mozo is used by millions of Australians each year.
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Living in NSW means that you live in a deregulated energy market and this means you can choose which energy retailer powers your home. It's important to compare your existing plan with other providers to make sure that you're on a competitive energy plan. If it's been while since you've compared your options you might be surprised just how much you could save by switching. Mozo's service is free to use and there is no obligation to switch. We'll give you a list of some of the provider plans that are available in your postcode and let you compare this against your existing plan. Switching is also easy with our service as you can apply direct online. No long phone queues or reams of paper. Signing up is done 100% online.
The best thing about AGL is their reliability. Recently, I have had emails from them with suggestions on how I can reduce my electricity bills. From one quarter to the next, I saved 23% on my bill just by turning off most of the 'stand-by' switches in the house. They also send me messages of my current account with an approximate amount it may be when the next bill is due. There may be other providers who are cheaper, but AGL has been around for a long time, and I will always be a customer.Read full review
The best thing about AGL is their reliability. Recently, I have had emails from them with suggestions on how I can reduce my electricity bills. From one quarter to the next, I saved 23% on my bill just by turning off most of the 'stand-by' switches in the house. They also send me messages of my current account with an approximate amount it may be when the next bill is due. There may be other providers who are cheaper, but AGL has been around for a long time, and I will always be a customer.
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-focused search engine 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.
New figures from the Australian Competition and Consumer Commission (ACCC) have revealed that electricity prices have fallen by 9% since the middle of last year. As a result, thousands of households across eastern and southern states now have the potential to collectively save $900 million by making the switch to a better offer. According to ACCC Chair, Rod Sims the reason for the decline in prices was due to an increase in power generation, specifically renewable energy generation and falling fuel costs. “There are two ways that households and small businesses can get the hip-pocket benefit of recent reductions in retailers’ costs: by changing to a new, cheaper plan; or, by waiting for their retailer to lower the rates on the plan that they’re already on,” he said. Under a new law that was passed in June 2020, called the Prohibiting Energy Market Misconduct (PEMM) law, electricity retailers are now required to make adjustments to their pricing in line with the cost of them to obtain electricity. And if you’ve been keeping up with energy market movements as of late, you’ll know that wholesale electricity prices have been on the decline since mid-2020. “We also expect further significant price reductions from retailers over time, as the reductions in wholesale spot prices flow through to retailers’ contracting positions,” said Sims. Victorians have the biggest potential savings of between $171 and $198 a year, as the state’s flat offer prices have reduced by 11% to 14%. This is followed by South-East Queensland ($126), South Australia ($118), New South Wales ($80 - $88) and the Australian Capital Territory ($46). Although Sims explained the ACCC will be investigating as to whether electricity retailers are following PEMM law, he encouraged Aussies to shop around to secure further savings on their annual bill. So if you think you could be getting a better deal on your electricity bill, why not take our energy comparison tool for a spin? It can help you compare some of the electricity plans available in your area.
Although the Covid-19 pandemic may have put a damper on potential international travel, it hasn’t slowed down Aussies from reaching their green energy goals. Research from solar analytics group, SunWiz finds that Aussie households had more than 31,000 solar energy batteries installed in 2020, an increase of 20% from 2019. What’s more impressive is that sub-100W solar panel installations have grown by 39% year-on-year. “In 2020 Australians continued to demonstrate a desire to reduce their power bills by making the most of the nation’s abundant and cheap solar power and empower themselves with a battery,” said SunWiz managing director, Warwick Johnston. “It was a surprisingly good year.”Unsurprisingly, South Australia led the way for solar battery installations, with just over a quarter of installations occurring in that state. According to Johnston, this influx may be linked to the state’s solar battery subsidy program. “There is such high demand from [South Australian] homeowners that the state government had to reduce its subsidy to avoid overheating the market and exhausting available government funds too quickly,” he said. SunWiz estimates that the uptake for solar batteries will continue to soar, with the analytics group forecasting an additional 33,000 installations this year alone.
Following new legislation introduced last week, Victoria is about to become the first state in Australia to impose a tax on electric vehicles (EVs) and other zero-emission vehicles. The new tax is set to come into effect on July 1 and will cost EV owners 2.5 cents per kilometre and two cents per kilometre for hybrid vehicles. It’s estimated that the total cost for EV owners will be up to $300 every year at registration time. Victorian Treasurer, Tim Pallas explained that the decision to introduce the tax on EVs was to ensure that all Victorian drivers were treated equally while creating a sustainable road network. "We are providing confidence to new electric vehicle owners with a massive boost to our charging network, funded by the distance-based charge, which will reduce range anxiety as a key barrier to take-up," he said.However, not everyone is on board with the new initiative, Greens MP, Sam Hibbins said the argument for the EV tax was not justifiable and was nothing more than a “tax grab by the government”.
According to new analysis from the Climate Council, it’s clear that gas power is slowly starting to be phased out from the National Energy Market (NEM). The non-profit organisation found that output from gas generators fell to rock bottom levels over the past summer, reaching only a total of 5% of the market share. They believe that this was due to wind and solar power breaking records of their own, surging to new heights of generation. “Our existing gas power stations are struggling to compete with clean, reliable and affordable renewable energy and storage. Australia does not need any new gas,” said Climate Council senior researcher, Tim Baxter. “Gas is a polluting and expensive fossil fuel that’s on the way out and has no role to play in our economic recovery. It’s driving up household power prices, and prices for our manufacturing industries, putting the sector at risk.” The last time gas peaked was in Autumn 2014, occupying 13% of the market share, meanwhile, renewable energy has doubled in market share during the same period. During the most recent summer in New South Wales, the market share of renewables hit 26.1%, compared to just 0.9% for gas. These figures were even more impressive in Victoria, with the renewables’ market share claiming 29.5%, compared to a mere 0.5% for gas. “As the sunniest and one of the windiest places on the planet, Australia should be cashing-in on its renewable advantage, and in doing so, rapidly reducing greenhouse gas emissions. It’s a win-win,” said Baxter.
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.
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).
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.