Renewables agency invests in energy retailer that wants to sell less

The Australian Renewable Energy Agency (Arena) has backed a $5m investment in Mojo Power, an electricity retailer that helps households consume less energy and is already taking customers in New South Wales. The company works on a subscription model, where a monthly fee gives customers access to electricity at rates that only cover the expected cost of delivering it. Unlike other retailers who make money by adding a mark-up to wholesale rates, Mojo said it…

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Renewables agency invests in energy retailer that wants to sell less

The Australian Renewable Energy Agency (Arena) has backed a $5m investment in Mojo Power, an electricity retailer that helps households consume less energy and is already taking customers in New South Wales. The company works on a subscription model, where a monthly fee gives customers access to electricity at rates that only cover the expected cost of delivering it. Unlike other retailers who make money by adding a mark-up to wholesale rates, Mojo said it…

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