three hoursof free powerevery day

even if you turn off every light, those "fixed daily fees" are quietly spiking by up to 80%.

while usage rates are dropping, energy retailers are hiking daily supply charges by up to 80% for some sydney customers.

the government announced that electricity prices are falling, but energy retailers are pulling a sneaky move. they are cutting the price of the power you use while massiveley hiking the fixed daily supply charge, the flat fee you pay just to stay connected to the grid. some people are seeing these daily fees jump between 25% and 80% overnight.

this hits you hardest if you live in a small apartment or share house and try to be energy efficient. because the fixed fee is now a bigger chunk of your bill, your total costs could rise even if you use less power. it basically makes being sustainable less rewarding for your wallet.

if your fund is hiding errors like charging dead people, what else could they be hiding?

mercer super was just fined $10.3 million for failing to report systemic issues including charging insurance premiums to deceased members and their estates

the federal court just slammed mercer super with a massive fine because their systems were a mess for years. between 2021 and 2024, they basically kept quiet about some pretty serious internal investigations. it wasn't just a paperwork slip-up; they failed to move sixty-four million dollars of member funds on time and even charged insurance fees to people who had passed away.

this is a huge deal because asic relies on these funds to be honest when things go wrong. when a giant trustee hides their mistakes, it breaks the trust we put in them to look after our retirement. keep a close eye on your annual statements for any weird fees, because the regulators are clearly finding that some big players aren't being upfront.