Mojo's 0% mark up Energy Rates

What are Mojo’s 0% mark up energy rates?

Mojo’s 0% mark up electricity rates are made of 4 components that are passed onto our customers at our anticipated cost price. These 4 broad cost components are - generation, network, metering and government ch...

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Will Mojo’s 0% mark up energy rates change?

Mojo reviews its 0% mark up energy rates annually, generally in-line with distributor rate changes. In NSW & QLD, distributors revise their rates in July and in VIC (where Mojo is due to launch early 2017) ...

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How does Mojo make money?

At Mojo, we make money through our EnergyPass®. It is a subscription, which can be paid monthly or annually and gives, amongst other benefits, access to our 0% mark up energy rates. There are two levels of Ener...

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How do other energy retailers make money?

At Mojo, we do things a bit differently - and more fairly - than other energy retailers. We offer our customers access to our 0% mark up energy rates through our EnergyPass®. We don’t mark-up our expected costs...

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How can Mojo offer a fixed energy rate when prices are constantly changing?

Mojo is able to offer fixed rates, because we hedge the price of our energy in advance. By entering into a hedge contract we swap variable price risk with a fixed price (similar to a fixed vs variable mortgage)...

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Why do Mojo’s 0% mark up energy rates vary in different states and network areas?

0% mark up energy rates vary by state and network area for two main reasons: Distributors in different network areas charge different amounts to transport electricity from generators to households (it is o...

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Does Mojo hedge its 0% mark up prices?

Yes, Mojo hedges it’s energy prices by entering into hedge contracts with a variety of counterparties. Entering into these hedge contracts protects the business from energy prices on a half-hourly basis above t...

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