[QLD] Queensland Households Will Get $1,000 off Their Electricity Bills in 2024–25 @ Queensland Cost of Living Rebate

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[QLD] Queensland Households Will Get $1,000 off Their Electricity Bills in 2024–25 @ Queensland Cost of Living Rebate
Go to Deal
Poor Ass on 02/05/2024 - 14:41 qld.gov.au (2309 clicks)
Last edited 02/05/2024 - 14:58 by 1 other user

Queensland households will get $1,000 off their electricity bills in 2024–25.

$1,000 will be automatically credited to eligible residential customer bills from 1 July 2024—there is no need to apply. Exact timing will depend on individual billing cycles.

To be eligible, residential customers must have an electricity account with their electricity retailer or embedded network provider on 1 July 2024 and be separately metered and charged for their own electricity consumption.

Look for the ‘Queensland Government Cost of Living Rebate’ on your bill.

Electrical & Electronics Electricity Rebate

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Comments

          • ajole on 03/05/2024 - 12:36

            @ThithLord: Not really desperation nor grasping at straws lol. What’s your alternate plan perspective?

  • Hinee on 02/05/2024 - 14:54
    +4

    Couple this with the bonus $275 from AGL signups and I should have free power for almost a year. Cheering.

  • Sidog on 02/05/2024 - 14:57
    +5

    Queenslander!

  • TheGiant on 02/05/2024 - 14:57
    +11

    Smells like an election year…

    • PainToad on 02/05/2024 - 15:10
      +2

      Smells like a government behind in the polls in an election year.

      FTFY.

    • ghoulie1 on 02/05/2024 - 15:37
      +9

      They have been doing this for a year or two now. I got credits last year as well.

  • GordonD on 02/05/2024 - 14:57
    +5

    QLD Labor is behind in the polls, and expected to lose the election later this year.

    • richadam on 02/05/2024 - 15:02
      +15

      Hope not…

    • INFIDEL on 02/05/2024 - 15:14
      +14

      This is the 3rd year a "cost of living" electricity rebate has been made.

  • happydude on 02/05/2024 - 14:59
    +2

    Burnout economics.

    RBA pumping the breaks while Governments are hard on the accelerator.

    • cashless on 02/05/2024 - 15:04
      +2

      RBA pumping the breaks while Governments are hard on the accelerator.

      Even if that was true, what does it have to do with the price of electricity in Queensland?

      • happydude on 02/05/2024 - 15:07
        +9

        They have just effectively given everyone $1000 cash.

        During the GFC when the economy needed boosting the Rudd Government handed out $900. So in a time where inflation is running way too high, governments are giving out more money then they did when the economy needed stimulus.

        I hope everyone enjoys it, but from a policy perspective it's madness.

        • nugstar on 02/05/2024 - 15:50
          -2

          It's not demand driven inflation though.

          • happydude on 02/05/2024 - 16:31
            +1

            @nugstar: So the RBA shouldn't have raised rates at all?

            Sure, sure….

            • nugstar on 04/05/2024 - 23:57

              @happydude: Ya know how interest rates work to reduce demand right?
              And ya know how non-discretional spending doesn't go down even if interest rates go up?

          • 1st-Amendment on 02/05/2024 - 16:57

            @nugstar:

            It's not demand driven inflation though.

            Isn't all inflation demand driven? Too much money in the system creates the demand which drives inflation.

            This measure will effectively inject more money into the system, thereby increasing demand.

        • Grandslam on 02/05/2024 - 16:34
          +1

          Agreed. Before this handout it's one of the costs that would be impacting the cashed up retirees as well, since they generally don't have mortgages and are unaffected by higher interest rates. So I guess they can just keep spending while everyone else struggles.

    • Tyrx on 02/05/2024 - 15:08
      +7

      I don't think this would materially influence inflation. It pales in comparison to the NDIS with its 80 billion per year, with one in three jobs created last year directly as the result of the scheme.

      It's still a stupid idea though and is obviously vote buying. It is funded through royalties on coal, which just get passed on to their customers. Basically the money is going on a roundabout trip except quite a bit is burnt on that journey because of inefficiency.

      • team teri on 02/05/2024 - 15:13

        You kind of doubled the NDIS number. About 40 billion this fiscal year.

      • happydude on 02/05/2024 - 15:29

        Probably not in isolation, but couple it with tax cuts etc and it all adds up.

        NDIS though.. god don't get me started….

      • ajole on 03/05/2024 - 07:01

        I don't think this would materially influence inflation

        It would if every other state followed suit. Almost immediately would follow with a rate increase the following month.

  • toasty on 02/05/2024 - 15:02
    +19

    Thank you Queensland Labor Government, for putting in place the progressive coal royalties system and giving us Queenslanders back some of the resources companies super profits in the form of $1000 off our electricity bill and other measures to address the crazy cost of living!

    Safe bet that the Queensland LNP would never do this.

    • Repstar on 02/05/2024 - 15:04
      +1

      Not tied to any political party, but the general feeling I get is Labor is done this election. And when QLD brings in Liberal, the federal election usually falls the same way.

      • toasty on 02/05/2024 - 15:07
        +3

        QLD Labor has been very arrogant and they certainly need a good shake up, but I’m not sure the LNP will win the next election. It’ll probably be close though.

      • ribze1 on 02/05/2024 - 15:22
        +1

        Disagree. The LNP hold 21 out of the 30 seats in Qld, and there was no Teal movement. I suspect Queenslanders will take their anger out on the State Labor Gov't, and there will be a swing against the LNP at the Federal election.

        • toasty on 02/05/2024 - 15:38
          +1

          Looks like we’ll see some Teal-like community independents running at the next federal election in QLD.

    • 1st-Amendment on 02/05/2024 - 17:05
      -1

      for putting in place the progressive coal royalties system and giving us Queenslanders back some…

      Not really thinking this through are you?
      Extra taxes/duties/levies/royalties are ultimately paid for by you by higher prices. So you pay more overall, then you get a little of that back, and you are grateful to the government for taking a cut of your money?
      This is a great example of why Labor voters have such a poor reputation on economics.

      • tomfool on 02/05/2024 - 20:02
        +2

        BS, Australian oil and gas are taxed on the lower end globally yet our gas prices are one of the highest. The coal that is being taxed is likley going ofshore and if India and China are paying extra then so be it.

        • 1st-Amendment on 03/05/2024 - 15:10
          -1

          Australian oil and gas are taxed on the lower end globally yet our gas prices are one of the highest

          Which has nothing to do with the topic…

          If the gov applies a tax to something, and you buy that something, YOU are paying the tax regardless of whether it's cheap or expensive.
          So you now pay higher prices for the thing than you were before because now the cost of that thing includes extra taxes.

          The coal that is being taxed is likley going ofshore

          Some of it is, and some it YOU are paying extra for. A quick Google tells me that 90% of QLD energy is produced from fossil fuels. So YOU are paying more for it too.

  • wildstone on 02/05/2024 - 15:03
    -2

    May be a good incentive to get an EV?

    • Save 50 Cent on 02/05/2024 - 15:40
      +2

      How? You are getting a grand regardless!

      • wildstone on 02/05/2024 - 17:01
        +2

        A grand towards your electricity bill, so if you have an EV, it would be free $1000 fuel wouldn't it? Considering the fuel prices are spiking.

        • Save 50 Cent on 02/05/2024 - 17:02

          Yeah that makes sense.. go buy a Tesla mate.

  • Denbo on 02/05/2024 - 15:04
    +2

    Free shipping?

  • DingoBilly on 02/05/2024 - 15:13
    -3

    Lol this is meaningless garbage done just for an election.

    Maybe try investing that money into making things better instead of paying people off.

    • INFIDEL on 02/05/2024 - 15:16
      +12

      just for an election

      3rd year Queenslanders have received a "cost of living" electricity rebate in their electricity bills.

      Was called a "dividend" in electricity bills for years before that - from profits of Govt owned power stations.

      But you don't know about that - in Vic.

      • DingoBilly on 02/05/2024 - 16:19

        Great! So instead of putting that money into needed services and improvements, they're just giving it out to people to spend which would raise inflation..

        Can you see what I mean? It doesn't do shit and doesn't solve the problem whatsoever.

        And yes, last year it was $500 and this year it's $1000. Gee, I wonder why it's gone up so much when electricity hasn't gone up the same way.

        You've basically done nothing to rebut my point at all, but that's fine. People just think "free money hur hur we r best" without actually thinking through what they've written. Feel free to provide actual points against.

  • CachePC on 02/05/2024 - 15:15
    -1

    Let's factor in a few things shall we
    1. Qld electricity rates are going up while other states are going down.
    2. As stated above by many, Qld government owns most of the production - so it's increasing electricity to give back some of its own increases🤔
    3. Over a long period of time governments have incentivize us to put solar on our roof. Yet I pay 33c per KWh and get only 5c for what I put back (which in my case is 2 times what I use)
    4. Every roof with solar is now playing its part in replacing power stations. These power stations required coal/gas and workers to run them and the maintenance. Solar owners now take on the cost of buying and maintaining the power government's are selling back to us at 7x what they buy it for!
    5. All the big energy companies are buying batteries at scale because they know solar/wind/hydro will make them no different to a supermarket in years to come - produce nothing, add storage and clip the ticket for the privilege.
    6. In the case of Qld, the tax payers are footing the bill for the storage of power.

    Yep,got to love a rebate I've paid for myself

  • Jake T on 02/05/2024 - 15:18

    I just got a text about this. Assumed it was more spam the way it dropped a bit.ly link in there.

  • Fatboy74 on 02/05/2024 - 15:19
    +1

    Thanks. 7 months of the year paid for.

    • INFIDEL on 02/05/2024 - 15:24
      +3

      With incentives for switching electricity retailers ever 2 months - I've been making a profit last few years💰

  • Serpeant on 02/05/2024 - 15:21
    +4

    Wouldn't the money be better spent on the electricity infrastructure so keep prices lower in the future, rather than a one of benefit?

    $2.5 Billion !!!

    • INFIDEL on 02/05/2024 - 15:28
      +5

      Qld Govt is also doing that. Such as pumped hydro schemes.

      They've got to spend the windfall coal royalties.
      Can do a few things with $10.5B surplus 2023-24.

    • verio on 02/05/2024 - 16:11
      +1

      There are so many ways to better spend $2.5 billion, however, this is the most easy way to get more votes ahead of the election.

      Personally, I would rather see a new stadium built instead of Gabba or maybe a new hospital.

  • park on 02/05/2024 - 15:22

    Yes it's good news, but does it need to be on OzBargain if the saving is automatically applied to everyone eligible?

    It's not a "deal" that people can benefit from knowing about.

    • INFIDEL on 02/05/2024 - 15:31
      +4

      Was considered a popular Deal last year (311+ & 0-)

      Report Deal to Mods if you disagree!

      • park on 02/05/2024 - 23:40

        It's like announcing changes to income tax as a deal. Why would anyone do that

        • INFIDEL on 02/05/2024 - 23:46
          +1

          income tax is national.
          This [QLD] Deal is a State based benefit.
          So many have moved to Qld from other States - not knowing about this.

          • park on 02/05/2024 - 23:47
            +1

            @INFIDEL: That's the point: they don't need to know about this. Their bill is the same regardless.

            • INFIDEL on 02/05/2024 - 23:49

              @park: Do as I first suggested - Report Deal.
              But with 240 upvotes, Mods will ignore your complaint.

              I think discussion is good idea & has raised genuine questions from people who qualify.

              It's handy to know about to budget spending. Not just find $250 deposited quarterly - later

              But could have been in a Forum.
              Bye

              • park on 03/05/2024 - 00:46

                @INFIDEL: Yes, could have been in a forum. Should have been in a forum

                • INFIDEL on 03/05/2024 - 00:50

                  @park: But was in Deal before, along with free public transport, rebates for solar & batteries, etc by Qld Govt.

                  Seems Mods are ok with it - as is very popular Deal.

  • Vita85 on 02/05/2024 - 15:26

    Still won't vote for you Labour. Bye bye.

    • INFIDEL on 02/05/2024 - 15:32
      +10

      So? No one has to.

      This is paid from the windfall coal royalties. Thank Putin for increased world coal prices & the coal miners! And the Qld Govt for getting a slice of the increased price our coal sells for.

      If you pay for electricity in Qld, it will appear quarterly on your electricity bills.

      • Vita85 on 02/05/2024 - 15:43
        -1

        It's just a bribe before the election to try and make us forget all the damage they've done.

        • INFIDEL on 02/05/2024 - 15:50
          +12

          Strange - 3rd year Queenslanders have received an upgraded "cost of living" electricity rebate in their electricity bills.

          There has been a payment from Qld Govt shown on Qld electricity bills for so many years!

          You mustn't have been paying attention, like most.

          Even the LNP says "cost of living" is a priority in elections. So scrapping it will be a hard & unpopular policy to adopt😉

        • socialistshroom on 02/05/2024 - 15:53
          +7

          What damage have they done?

        • richadam on 02/05/2024 - 16:23
          +8

          They have been doing this for 3 years now…

      • Phoebus on 02/05/2024 - 16:34

        Thank-you Vladimir Vladimirovich.

  • bargaino on 02/05/2024 - 15:38
    -6

    Congratulations! The state debt (currently ~$15 billion) will now be $2B higher. Plus interest.

  • x x on 02/05/2024 - 15:43
    +1

    Qld govt love throwing away money. In Oz I think they have the highest first home buyers grant and EV subsidy is also highest at $6k.

    • T-man on 02/05/2024 - 15:52
      +2

      Because it's not their money, it's the taxpayers' money

      • x x on 02/05/2024 - 15:54
        +3

        Yes but they are in charge of spending it

        • richadam on 02/05/2024 - 16:05
          +8

          And they are giving it back to their taxpayers

          • x x on 02/05/2024 - 16:49
            +4

            @richadam: Yes I'm in Qld and I think it's a good use of funds.

            • Skatez on 02/05/2024 - 17:48
              +3

              @x x: Then it’s not throwing away, it’s good use and I couldn’t agree more.

  • beach bum on 02/05/2024 - 15:49
    +2

    Would be good if AGL and the likes hadn’t been jacking up their rates and profits by 100% in QLD over the last year .

    • richadam on 03/05/2024 - 08:51

      You live on the Gold Coast. There's nothing stopping you from changing suppliers.

  • Frozensage on 02/05/2024 - 15:53

    thot government is heavily in debt and inflation is out of control?

    • nugstar on 02/05/2024 - 16:27
      +4

      Time to change up your news sources.

  • montorola on 02/05/2024 - 15:53
    -2

    Keep the $1000 and do something about Youth Crime!!!

    • richadam on 02/05/2024 - 15:54
      +5

      Why not both?

    • INFIDEL on 02/05/2024 - 16:09
      +6

      Thanks LNP!

    • INFIDEL on 08/05/2024 - 15:39
      +1

      Is that you News Ltd?

  • The Wololo Wombat on 02/05/2024 - 15:53
    -7

    So dumb.

    $1000 added per citizen makes everything inflate $1000 per citizen in the long run.

    Inflation is generally bad for everyone… but people with assets (eg homeowners) benefit and people with few assets disproportionately suffer.

    If you want to help people in a way that has long-term benefits for everyone and makes things CHEAPER…. the government should invest in infrastructure.

    • CachePC on 02/05/2024 - 15:57
      +6

      This is per household AND the benefit is to the person who has the electricity bill - if you rent you will also get this benefit.

      Please consider what you are writing as its very misinformed

      • The Wololo Wombat on 02/05/2024 - 16:02
        -1

        Ummm… I know what you think I meant… but you've misunderstood.

        This is about the big picture, long-term, repercussion of giving every household $1000…

    • toasty on 02/05/2024 - 16:03
      +2

      Guaranteed that you don’t have an economics degree. This measure is deflationary because it is reducing the price of electricity in QLD.

      • The Wololo Wombat on 02/05/2024 - 16:07
        +2

        It's not reducing the cost price of electricity. This is (in effect) increasing the income of each household by $1000 without increasing the size of the economy by $1000 per household.

        If they want to reduce bills long term, they should spend the money by building a (government-owned) solar farm (or coal power plant). This would be a much wiser approach.

        • toasty on 02/05/2024 - 16:21
          +3

          The previous electricity rebates were deflationary by reducing the cost of electricity bills in QLD which has come through in our state’s inflation numbers. This will be the same but even more so.

          They are also putting $89 Billion into the Big Build capital program:

          We are putting this surplus to work by delivering nation-leading cost-of-living support to Queensland families and businesses, and through our record $89 billion Big Build capital program over the next four years.

          • The Wololo Wombat on 02/05/2024 - 16:32
            -2

            @toasty: Sure, the lower (household/consumer) cost of electricity will be measured as deflation in isolation… but since the 'deflation' is not a reflection of the lower electricity cost price, but was achieved via a government stimulus…. this inflationary affect will be felt in other areas.

            ie, we will see the effects of the inflation not in electricity, but in other goods/services we purchase.

            • toasty on 02/05/2024 - 16:50
              +1

              @The Wololo Wombat: That is true to an extent, but since significant numbers of Queenslanders will be putting the money not spent on their electricity bills into their mortgages, and mortgage payments are not included in CPI calculations, any inflationary effects you are concerned about will be reduced and spread out over time.

              Most importantly, any inflationary effects will be less than the overall deflationary impact of the measure.

              • The Wololo Wombat on 02/05/2024 - 16:58

                @toasty: The economy is complex… some people will use the additional $1000 as disposable income (and buy a TV or more $$ car) some will pay off debt and have the same (effective) disposable income (at least in the short-medium term)

                Sometimes the government adding $$ to the economy is necessary to avoid the consequences of recession, other times it's completely foolish. I think the latter is true with the state of our economy (at least federally).

                I'm not sure how to take it when you say 'X' is not included in CPI…. like… this probably just highlights a flaw of using CPI to measure inflation more than helping your point…

                • toasty on 02/05/2024 - 17:31

                  @The Wololo Wombat: Yes, the CPI calculation may not be perfect, but it is one of the most important measures used by the RBA to determine how they will target interest rates.

                  • The Wololo Wombat on 02/05/2024 - 17:43

                    @toasty: Yes… but to follow your argument… you are suggesting to me that this does increase inflation… but some of it is masked by the flaws of the CPI measure… but that’s ok because CPI is used by the RBA.

                    That’s putting the horse before the cart!

                    • toasty on 02/05/2024 - 18:01

                      @The Wololo Wombat: Mortgage payments are generally not included in CPI calculations in countries that use an inflation target in their monetary policy framework as changes in the cash rate would directly affect inflation if the cost of mortgages was included in the CPI.

                      Simply speaking, it would be worse (as in misleading, almost double counting) if the cost of mortgages were included in CPI calculations in Australia because they are already accounted for in prevailing interest rates and overall debt profile.

        • node modules on 02/05/2024 - 17:04

          If it was another market where price levels are not controlled, this policy would be inflationary.

          • The Wololo Wombat on 02/05/2024 - 17:24
            +1

            @node modules: The inflation I refer to has very little to do with electricity prices. It’s about the effect of adding $$ to the economy via (in effect) increasing household income

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