Tag Archives: government

How to save $$ in Victoria [Australia]

This post is for Victorians on a tight budget – i.e. people on Newstart, the Age Pension, Disability Pension or young people working in the GIG economy – and concerns energy bills such as gas and electricity.

The first, critical step to saving on your energy bills is to understand that utility companies bank on us being too busy to go out and actively look for better deals. The new initiative by the Victorian government only means that energy retailers have to inform you of their best deals. But those best deals could still be very expensive when compared to the rest of the marketplace.

To give you an example, I changed my gas supplier about a year and a half ago. At the time, my new gas supplier offered the best deal according to the Victorian government’s own comparison website:

https://compare.energy.vic.gov.au

This morning, when I did a fresh comparison, my existing gas supplier was close to the bottom of the list, and their best deal was over $400 more expensive [per year] than the new ‘best deal’. As a result, I got on the phone [contact details supplied by the government website], made sure the quote was still accurate and…signed up:

When AGL’s best is no longer the best, I’ll move my gas account again.

Gamers would recognize this as ‘churn’. The term refers to how gamers move from one ISP to another to get the best deal. I don’t ‘churn’ often, but since I became an age pensioner, I’ve learned that loyalty simply doesn’t pay. These days I ‘churn’ my gas, electricity and comms suppliers on a regular basis.

So what’s involved in comparing prices?

Once you land on the government’s comparison website, you’ll be asked a series of questions about how you use your gas [or electricity]. It pays to make your answers as accurate as possible so dig out your most recent bill and keep it handy. After you’ve completed all the relevant questions, the website will do some kind of general comparison and present you with a list of the best matches for your circumstances.

Gas pricing is a mess with about five different rates in both the ‘peak’ and ‘off peak’ categories, but don’t let it scare you. One easy thing to compare is the daily supply charge. Essentially this is the amount you pay for the privilege of having a gas connection. In other words, even if you don’t turn the gas on at all, you’ll still be charged that daily supply charge.

All retailers charge you for supply, but the amount varies. AGL’s daily supply charge is 62 cents. Another retailer I looked at [not one of the most expensive ones] was charging 83 cents. Assuming the rates don’t change for 365 days, that’s $226 vs $303 per year [or a saving of $77 per year].

When the cost of living means you have to think twice about buying that latte, a saving of $77 is nothing to be sneezed at. And when you add that small saving to the actual cost of using the energy, the savings really do add up.

So please, bookmark that government comparison website and check it out, at least once a year. Doing your homework and making a change will probably take an hour, all up, but the way I see it, I’ve just earned over $400 for that hour. Not a bad hourly rate, don’t you think?

And finally a word about keeping all your eggs in one basket. Energy retailers that supply both gas and electricity will try to convince you to move both utilities to them. Doing so may be more convenient. It may also be cheaper, sometimes. But…a cheap gas price does not automatically mean the electricity price will be the best available price as well.

Remember, the best price a retailer offers is not necessarily the best price from all retailers. Compare…and save.

cheers

Meeks

 

 

 

 


Coal Seam Gas – destroying the Great Artesian Basin?

I stumbled on a tweet this morning.

It included this video.

Curious, I watched the video.

Shocked, I took a screenshot and added a bright yellow arrow to highlight the bubble of gas that has just been set alight. What you see under the flames is the water flowing from a bore drilled into the Great Artesian Basin [GAB for short].

This is the complete video:

Why is this so shocking? Because without that bore water, much of the food production in the arid parts of Australia simply would not be possible:

Prior to European occupation, waters of the GAB discharged through mound springs, many in arid South Australia. These springs supported a variety of endemic invertebrates (molluscs, for example), and supported extensive Aboriginal communities and trade routes.[8] After the arrival of Europeans, they enabled early exploration and faster communications between southeastern Australia and Europe via the Australian Overland Telegraph Line.[8] The Great Artesian Basin became an important water supply for cattle stationsirrigation, and livestock and domestic usage, and is a vital life line for rural Australia.[9] To tap it, water wellsare drilled down to a suitable rock layer, where the pressure of the water forces it up, mostly without pumping.

Quote taken from Wiki: https://en.wikipedia.org/wiki/Great_Artesian_Basin

By Tentotwo – Basin extent: Geoscience Australia Revised Great Artesian Basin Jurassic-Cretaceous boundaryCoastline, rivers, state borders: Natural Earth dataset, 1:50MShaded relief: Kenneth Townsend, Shaded Relief Archive, CC BY-SA 3.0, https://commons.wikimedia.org/w/index.php?curid=26822532

I know that everything in life is a balancing act between opposite and competing priorities, but destroying Peter to pay Paul is simply insane.

Yes, we do need gas to generate instant electricity until our power generation switches fully to renewables and storage [wind, solar, batteries]. But we also need to eat. If the water goes, so will much of inland Australia.

What makes this all so much worse is that we wouldn’t need to extract coal seam gas from the GAB if our offshore gas hadn’t been sold overseas for peanuts. Industry, AEMO*, and Federal and State governments are all to blame: Industry for not giving a shit about anything except shareholder profits, AEMO for allowing Industry to game the bloody system, and governments for putting short term gains ahead of long term planning.

When are we going to accept that Industry will NEVER self-regulate for the good of society as a whole?

It’s like leaving the door to the hen house wide open and expecting the fox to leave the chickens alone. Really?

Yet isn’t that exactly what all Western governments do? They allow multinational corporations to self-regulate and then go ‘tut tut’ when said corporations engage in shonky business practices.  And let’s not sugar coat reality: the Global Financial Crisis was caused by criminals on Wall Street. Closer to home we have the findings of the Banking Royal Commission. Apparently we have white collar criminals in the ANZ and Commonwealth Bank too. And then, of course, we have the thieves fronting social media and hiding behind the scenes in the ‘ad networks’. They just spy on us and steal our personal data for profit…

In a balanced ecology, you need foxes as well as chickens, but it is the role of government to protect the chickens from the foxes. Western governments are failing, in spectacular fashion. And in the process, democracy itself is under attack as never before. If we don’t stop the rot now, future generations will not be living in a democracy, they’ll be living in a corporate state, as peons**.

Meeks

* The Australian Energy Market Operator (AEMO) is responsible for operating Australia’s largest gas and electricity markets and power systems

** https://en.wikipedia.org/wiki/Peon


UBI – Universal Basic Income

The difference between a social welfare handout and a universal basic income is that the former is seen as a handout to the hopeless while the latter is an acknowledgement that the jobs provided by the industrial revolution are fast disappearing. And they’re not coming back.

https://futurism.com/new-report-claims-ubi-would-grow-the-u-s-economy-by-2-5-trillion/

The interesting thing about this article from Futurism is that it suggests a UBI might actually be good for the economy itself, not just for the people displaced by technology.

As a recipient of social welfare myself, I believe that the jobs of the future will be small scale and entrepreneurial. People will provide services to each other based on a local need. In a way, this is exactly what companies like AirBnB and Uber are already doing. In twenty years time though, social media may allow me to request a homemade cake for my birthday and have it baked and delivered by my neighbour down the road.

Such micro-transations could add up to trillions of dollars if everyone did it. But everyone can’t do it [now] because of two things:

  • lots of red tape associated with being a small trader,
  • and a social welfare system that is punitive rather than supportive

I can’t see a UBI being introduced any time soon because the political mindset is simply not there. Politicians have to stop thinking of their citizens as a drain on the government purse before any true change can occur. But at least the idea is gaining ground, if slowly.

cheers

Meeks


%d bloggers like this: