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[QLD] $550 Electricity Credit for Every QLD Household ($1072 for Vulnerable Households) @ Queensland Government

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[QLD] $550 Electricity Credit for Every QLD Household ($1072 for Vulnerable Households) @ Queensland Government
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Taegukgi on 13/06/2023 - 15:09 qld.gov.au (4289 clicks)
Last edited 13/06/2023 - 15:46 by 1 other user

Useful with the price of electricity increasing in July.

Queenslanders will pay less for electricity in 2023–24 through the Cost of Living Rebate, with households receiving one of the following:

  • $700 Cost of Living Rebate on electricity bills for vulnerable households, plus a further $372 under the Queensland Electricity Rebate Scheme, bringing total rebates for Queenslanders doing it toughest to $1,072
  • $550 Cost of Living Rebate on electricity bills for all other Queensland households.

For most households, the rebate will be credited to electricity bills on a quarterly basis commencing from 1 July 2023. Exact timing will depend on retailers’ system requirements and individual billing cycles.

Electrical & Electronics Electricity Rebate

Related Stores

Queensland Government
Queensland Government

closed Comments

    • KapitaneXtreme on 13/06/2023 - 23:24

      Like the Burdekin hydro project that the government is funding? There is long term and short term relief; this is the latter.

  • virhlpool on 13/06/2023 - 15:28
    +2

    I would like to know RBA's reaction to this.

    • hamwhisperer on 13/06/2023 - 20:26
      +3

      Increase the rates hopefully.

  • Griffindinho on 13/06/2023 - 15:29
    +2

    Better than Victoria's miniscule $250

    • thesainter on 13/06/2023 - 15:32
      +7

      Vic had 2 seperate $250 amounts for a total of $500, still more wasted money for state in so much debt

      • lachhelix on 13/06/2023 - 15:42

        At least we're getting a cheap tunnel!

      • Griffindinho on 13/06/2023 - 16:43

        You only get one $250, then another $250 the following year IIRC.

    • hamwhisperer on 13/06/2023 - 20:26

      We should've got $0 and they did something productive with the damn money instead.

  • orangetrain on 13/06/2023 - 15:29
    +18

    Why are the poors getting some money? Outrageous, I say! I shall not have this. I am already doing my part for the country in reducing spending by increasing rents! The pollies will get a tongue lashing from me boys.

    adjusts top hat and monocle

    Outrageous!

  • Sidog on 13/06/2023 - 15:31
    +2

    Queenslander!

  • MissYona on 13/06/2023 - 15:31
    +1

    "The problem with socialism is you eventually run out of other people's money" - Margaret Thatcher

    • pharcyde on 13/06/2023 - 15:32
      -1

      Few understand this.

      • hokonfan on 13/06/2023 - 16:49
        +1

        correct. most of the people doesn't understand why that is….

      • M00Cow on 13/06/2023 - 17:42
        +2

        The rich did, because her & Ronnie were very good at redistributing wealth of country into the pockets of a few. It was so good that even communist Russia converted over sp the the oligarchs rule supreme.

    • orangetrain on 13/06/2023 - 15:35

      I didn't realise we're almost out of money? Source?

        • Pacify on 13/06/2023 - 16:04
          +4

          Such an antiquated viewpoint of government debt.

          Reality we could have multi times the amount of debt that we have it would be completely fine.

          • Binchicken22 on 13/06/2023 - 18:01
            +2

            @Pacify: Yeah that's just it, it's all fine, untill it isn't. No body really knows where that point is, I think if you had of hypnotically asked any American economist 30 years ago about their current (today's) debt situation and they'd say they are (profanity)… But they are still motoring along ok for the time being.

            • SBOB on 13/06/2023 - 18:19
              +3

              @Binchicken22:

              But they are still motoring along ok for the time being

              Same as the coyote chasing the road runner.. perfectly fine defying gravity until the dust cloud clears and he looks down.

              As long as no one looks down, we good ;)

          • diceman99 on 13/06/2023 - 20:00

            @Pacify: What a stupid view. The debt is fine. Paying off the debt is the problem.
            Paying off the debt with high interest rates is an even bigger problem

        • M00Cow on 13/06/2023 - 17:47
          -1

          Look at that LibNat debit accelerate!

          Although do you really take advice from a website full.of dodgey ads & this advice?

          The Solution
          Bitcoin

      • xdigger on 13/06/2023 - 20:00
        +2

        $368 Billions of aukus submarines are going to come at the expense of the end of free healthcare, prolonging the superannuation age, and raising taxes on working Australians.

    • klaw81 on 13/06/2023 - 15:40
      +9

      Imagine thinking that Margaret Thatcher had anything worthwhile to contribute.

      It's mostly the Qld government's money that they're rebating. They own most of the generators that are supplying the electricity anyway. But there's complexity in the retail and distribution network that mean a rebate is the simplest way to deliver this.

      • M00Cow on 13/06/2023 - 17:50

        It's what a public company calls a dividend.
        Qld people as owners are getting a share of the profits.paid back as a direct credit to their bill for using their own service. No different to a dividend.

    • MetaphorOZB on 13/06/2023 - 15:43
      +5

      Don't the QLD govt own electricity generation, transmission and distribution? Then there are just the retailers that households deal with.

      Therefore, this isn't giving out 'other people's money'.

    • Cupa Bundy Drinker on 13/06/2023 - 15:43
      +5

      "When the people shall have nothing more to eat, they will eat the rich" - Jean-Jacques Rousseau

    • alidli on 13/06/2023 - 15:53
      +16

      LOL, the only socialism we have is socialise the losses, privatise the profits.

      And you can trace all the shit back to her, Reagan and the neo-cons.

    • Blacklite on 13/06/2023 - 16:01
      +4

      Spoken by someone with no understanding of economics.

      The highly capitalist fractional reserve banking system generates money out of thin air. Generates profits out of thin air. So whose money is the magic money that is created? There are many other ways money is created.

      Saying "run out of other people's money" just appeals to those without the intellect to understand an overall monetary system, that think they can keep their $1000 under the bed and protect it. News flash - the value of it is a construct.

      Money is in some ways an abstract concept, it only makes sense when aligned with resources and productivity. Unless you think there is some huge intrinsic value in a piece of plastic with $100 written on it.

      • Jonnoknm on 13/06/2023 - 16:11

        Lol so gold then

      • alidli on 13/06/2023 - 16:26
        +1

        banking system generates money out of thin air

        Did somebody say "Rothschilds"?……..the true richest people in the world.

    • hokonfan on 13/06/2023 - 16:54
      +2

      The prevailing perception among many is that our country operates as a democracy, which is indeed true.
      However, it is important to note that our democratic system functions within the framework of socialism, much like how communism can also coexist with democratic principles.

      We find ourselves in a system where capitalism is influenced by socialism, much like how capitalism can be influenced under communism.
      This hybrid of socialism-controlled capitalism shares similarities with a system where communism exerts control over capitalism.

      When I realise this, I felt we are (profanity).

    • josepet on 13/06/2023 - 17:34
      +1

      Related topkek:

      https://www.youtube.com/watch?v=xmmomV-ax-s

      • alidli on 13/06/2023 - 18:44
        +1

        🤣🤣🤣 The truth is always funnier.

    • rokufan on 14/06/2023 - 01:21

      Especially, when the windfall that paid for the handout is the coal industry they are trying to shutdown.

  • ruddiger7 on 13/06/2023 - 15:32
    +3

    I'll take it. Probably get solar with my tax return too.

    • jv on 13/06/2023 - 15:34
      -1

      Probably get solar with my tax return too.

      Why not buy Tesla shares?

      • ruddiger7 on 13/06/2023 - 15:35

        I would buy in copper instead

        • jv on 13/06/2023 - 15:45

          In Qld, I'm guessing it would be cheap to buy out a copper.

        • M00Cow on 13/06/2023 - 17:52

          No that's Telstra shares.

    • klaw81 on 13/06/2023 - 17:39

      Good idea. You'll dramatically reduce your electricity bills and the savings will pay off your investment within 4-5 years, and then you will just have a nice little saving every year afterwards.

      Obviously the success of your investment depends on the size of your system, shading on your roof etc but there are relatively few places in Australia where domestic solar isn't a good idea.

  • jv on 13/06/2023 - 15:34

    $500 Electricity Credit for Every QLD Household

    Who is paying for this?

    • 0HDAM on 13/06/2023 - 15:35
      +7

      you.

      • jv on 13/06/2023 - 15:42

        I don't live in QLD.

        • M00Cow on 13/06/2023 - 17:54

          It's Victorian GST money being sent directly to Qld.

    • pharcyde on 13/06/2023 - 15:38
      +4

      You.

    • Irishness on 13/06/2023 - 15:39
      +1

      comes out of the profits of the publicly owned electricity companies see my comment below for clarification

      • jv on 13/06/2023 - 15:41

        Where do those profits normally go ?

        • Irishness on 13/06/2023 - 15:42
          +2

          yes into the state coffers, well aware yes

          • jv on 13/06/2023 - 15:43
            +4

            @Irishness:

            yes into the state coffers

            Oh, so because of this government scheme, they will spend less on hospitals, schools, police etc. etc…

            • Irishness on 13/06/2023 - 15:43
              +4

              @jv: I know it's ironic I agree with you, furthermore there's a state election not too far off

              • jv on 13/06/2023 - 15:44
                +1

                @Irishness:

                I know it's ironic

                Have the Qld government disclosed who will lose there funding because of this?

                • Irishness on 13/06/2023 - 15:45
                  +3

                  @jv: don't be silly just borrow more & push it onto future generations

                  • jv on 13/06/2023 - 15:46
                    +1

                    @Irishness:

                    don't be silly just borrow more

                    So in reality, they would be borrowing money just to hand it out to electricity customers.

                    • Irishness on 13/06/2023 - 15:48
                      +4

                      @jv: they are also receiving increased royalties from resource companies that are above forecast given the current price of coal / gas exports etc

                      • jv on 13/06/2023 - 15:50
                        +2

                        @Irishness:

                        they are also receiving increased royalties

                        So why don't they pay down their debt and reduce the burden of all the people now and in the future?
                        Especially now with high interest rates

                        That way, they could improve services or invest in new capital works in the next budget.

                        • Irishness on 13/06/2023 - 15:52
                          +3

                          @jv: ask them I'm not arguing with you

                        • Blacklite on 13/06/2023 - 16:08

                          @jv: Explain how it is a burden? And high interest rates don't really relate to most government debt, that is long term bonds.

                          Do you like the increase in your super fund due to government paying interest?

                          The simplification to "debt is bad" because people equate running a government with running a household really shows how stupid the average Australian is.

                          • jv on 13/06/2023 - 16:10
                            +2

                            @Blacklite:

                            And high interest rates don't really relate to most government debt

                            What is the current interest bill for the Qld government?

                          • jv on 13/06/2023 - 16:12
                            +1

                            @Blacklite:

                            The simplification to "debt is bad" because people equate running a government

                            "debt is bad" when you are not getting a return for your money.

                            As in this case of just handing out $$$$$ for nothing.

                            • Mad Max on 13/06/2023 - 22:15

                              @jv: You don't understand. There is an election in QLD in 2024. People are so pissed off for the appaling state of Queensland Health and out of control youth crime due to the government mismanagenent.
                              This money is buying votes for next year.

                            • rokufan on 14/06/2023 - 01:38
                              +1

                              @jv: There are people in the comments who think that money/debt is not connected to any hard realities so we should just borrow/print more. They are also calling everyone dummies for not agreeing. lol

                • M00Cow on 13/06/2023 - 17:55

                  @jv: No one. They own the infrastructure, who has increased the pricing, thus making more money and giving some of it back in the form of a dividend.

                  I.E. they're still stuffing the state coffers with money.

                  • jv on 14/06/2023 - 09:24

                    @M00Cow:

                    thus making more money and giving some of it back

                    Instead of paying off debt and reducing the astronomical interest bill (that needs to be paid for by more taxes or reduced services) or instead of paying for much needed for health and police services…. That makes sense.

                    • M00Cow on 14/06/2023 - 09:35
                      +1

                      @jv: This Is Qld, not Vic. The cops aren't on the public purse.

                      https://www.theguardian.com/australia-news/2023/jun/13/queen…

                      The budget papers reveal income of more than $15bn from coal royalties in 2022-23 – about $10bn more than had been forecast 12 months ago

                      Queensland will spend $8.2bn in 2023-24 on cost-of-living relief, including a $550 energy rebate for every household,

                      Qld

                      Coal royalties also helped the state temporarily reduce net debt, which is now $5.9bn, instead of the $19.8bn forecast 12 months ago.

                      https://www.theguardian.com/australia-news/2023/may/23/victo…
                      Vic

                      Net debt is expected to reach $116.7bn in June this year

                      • jv on 14/06/2023 - 09:36

                        @M00Cow:

                        The cops aren't on the public purse.

                        https://www.theguardian.com/australia-news/2023/mar/13/queen…

                      • jv on 14/06/2023 - 09:37

                        @M00Cow:

                        Net debt is expected to reach $116.7bn in June this year

                        It's going to be around $160 billion within a few years.

                        • M00Cow on 14/06/2023 - 09:48

                          @jv: yeah I know. and unfortunately, unlike WA & Qld, they don't have much in the way of mining & resources any more to pay for spending. They have to suck it off the average joe-blow. When we lived in Melb & bought a house over 10yrs ago, we paid nearly as much in stamp duty back then, then when we paid a few years ago for a house in Qld which was worth twice as much (Stamp duty & land tax are the VicGov's cashcow)

                          But basically Qld Labor Govt, increased the royalty taxes on coal last year, because the miners were reaping the $'s in and the state wasnt getting much more. The miners campaigned hard against the Govt. The Govt said, we're going to share the spoils directly with the people in the form of energy credits. Hence this rebate. The Govt angle was they're playing Robin Hood, Clive & co are getting richer, off your resources, so we're going to grab some of it & give it directly to you. Money in people's pockets wins everytime.

  • Irishness on 13/06/2023 - 15:35
    +4

    wait……. the Qld State owns electricity generation, transmission and distribution which is making profits of which the Qld gov is giving back a fraction of to appear that they are doing something. How about about in the longer term they think strategically and sort out some fixed price contracts rather than leaving to global market prices. It's really not costing that much more it's just global events & open market which if we are in a public owned system really isn't necessary (yes I understand there is more to this, yes there are some privately owned companies & yes there will be resistance but it is possible, about time the mining / oil&gas companies stopped milking australians (milk the export market sure)

    • Meowcat on 13/06/2023 - 17:42

      The retail market was privatised decades ago. Sadly that horse has bolted

      • Irishness on 13/06/2023 - 18:19

        the retailers are private sure but they just onsell most of the rest is publicly owned in Qld, plenty of profits there

    • rokufan on 14/06/2023 - 01:44

      It's the windfall coal royalties. Without them the budget is in the red - see the budget papers. You also presume that the contracts are not fixed price. The contracts would be a combination of fixed and floating for risk management purposes — this is to the advantage of both contract parties.

      • Irishness on 14/06/2023 - 08:27

        ok so what I mean is more of a cost+ price rather than open market where when the global price goes through the roof eventually fixed price come to an end & new contracts are at a much higher price while costs won't have changed that much so it's just large margin for miners etc. So say costs + 20% or the likes, gov can negotiate with miners & tax might form part of it. Anyway it'll never happen

  • Sweet3st on 13/06/2023 - 15:36

    How much are we getting in NSW?

    • Darkjimick on 13/06/2023 - 15:44

      I believe like SA, we get nothing

      • SBOB on 13/06/2023 - 15:56

        we get nothing

        do we also get to be happy?

    • Ricky Jones on 13/06/2023 - 15:56
      +2

      When you turn 95 they give you Free Electricity

      • danny1213 on 13/06/2023 - 16:19

        oh my…

      • johnfuller on 14/06/2023 - 08:27

        oh wow, you really do get free electricity.

    • Irishness on 13/06/2023 - 16:21

      didn't NSW privatise most of their electricity assets

    • Mad Max on 13/06/2023 - 22:17

      Nothing because you just had your elections in NSW.
      In QLD it is in 2024. Gotta start buying some votes…

  • trblvb on 13/06/2023 - 15:38

    QLD Labor trying to catch-up to VIC Labor debt $116bn in 2022/23 to $166bn by 2025/26

    • Price Jack on 13/06/2023 - 16:16

      So wrong that it just makes you look silly.

      https://www.smh.com.au/politics/queensland/record-12b-surplu…

      • omniX32 on 13/06/2023 - 17:36
        +1

        The article finishes with "Total debt will climb from $102.5 billion this financial year to $147 billion across the next four"

      • trblvb on 13/06/2023 - 17:50
        +1

        Who looks silly now…. nothing based on facts. Typical Labor smoke and mirrors.

      • rokufan on 14/06/2023 - 01:46

        Coal royalty windfall, the same industry Labor is trying to shutdown.

    • Irishness on 13/06/2023 - 15:41
      +5

      "For most households, the rebate will be credited to electricity bills on a quarterly basis commencing from 1 July 2023. Exact timing will depend on retailers’ system requirements and individual billing cycles."

    • klaw81 on 13/06/2023 - 15:42
      +9

      That's exactly what they're doing

  • bigbadwolf21 on 13/06/2023 - 15:45
    +3

    The irony that this is being paid for with skyrocketing coal royalties, the very thing that Labor want to do away with.

    • SirFaffer on 13/06/2023 - 18:44

      I guess you think the libs are the ducks nuts?

    • rokufan on 14/06/2023 - 01:49
      +1

      100%. The QLD budget would be in the red without the coal royalties. But don't worry, the future is bright, the revenue hole will be plugged with…

  • Frunk on 13/06/2023 - 15:47

    How do I redeem this deal?

    • illogicalerror on 13/06/2023 - 16:20

      Will be credited to your lecky bill automatically

  • chrisie on 13/06/2023 - 15:47

    We live in interesting times ……………………..

  • Cupa Bundy Drinker on 13/06/2023 - 15:48

    Time to charge my Tesla

  • t_c on 13/06/2023 - 15:49

    Does this mean its time we all sell our EVs?

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