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How switching from the Default Market Offer can save you hundreds
You’ve probably heard that you can save hundreds of dollars on your electricity plan by comparing deals; but if you haven’t, we’ve got good news for you. So, maybe you’re one of the many Aussies who just take an electricity plan out with a provider and stay on that plan for years? If not decades? Well, you’re not benefiting from the generous discounts available on electricity plans nowadays.
Just over a decade ago, the electricity market in Australia started deregulating, with the goal of more affordable electricity. It didn’t quite work that way in practice, though; a few major players entered the market, but there wasn’t much competition. So the price Aussie bill payers paid for electricity went steadily up for about a decade. There was a big kerfuffle about this back in 2018, though; so government policy has been steadily working to drive prices down since. In the meanwhile, a ton of new providers ca
29 April 2021
Over the years I’ve seen lots of demergers by listed companies and most have been more or less successful at creating value. AGL’s effort so far is a case study in how to stuff it up.
Seemingly no agreement between Board and management.
Premature announcement with close to zero useful information for investors and their army of advisors.
No commitment to separate listing, which is the most fundamental rationale for doing it.
Captain and the ship part company mid journey.
At this rate AGL will almost single handedly give demergers a bad name. Having said that we’d be the first to accept Brett Redman’s comment: It’s hard. Still that’s all the more reason for working out the details first.
27 April 2021
Record-breaking investment in large-scale solar and wind energy generation has helped to slash electricity prices for a range of customers in New South Wales, south-east Queensland and South Australia, with a reduction in 2021-22 Default Market Offers set to deliver more than $65 million in bill savings.
In its final determination on DMOs published on Tuesday, the Australian Energy Regulator said electricity costs for the 727,000 customers on so-called standing offers would be cut by up to $116 for households and up to $441 for small business, starting July 01.
Based on modelling from ACIL Allen, the AER has determined final DMO prices for residential customers in 2021-22 will be between $53 to $102 lower than in 2020-21 in New South Wales, $53 lower in south east Queensland, and $116 lower in South Australia.
Date Time
Energy bills continue to fall
Hundreds of thousands of Australian families and small businesses will pay less for their energy bills from 1 July, 2021.
Residential standing offer customers in South Australia will save an additional $116 a year, while those in south-east Queensland will save an additional $53 a year and customers in New South Wales will be better off by as much as $102 a year.
Small business customers will save an additional $272 in South Australia, $243 in south-east Queensland, and up to $441 in New South Wales.
Average residential customers who were on the highest standing offers prior to the introduction of the DMO, will see their electricity bills fall by up to $780 per year.