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$300 Electricity Rebate For Every Household (Paid as 4 $75 Quarterly Deposits into Electricity Account) @ Budget.gov.au

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$300 Electricity Rebate For Every Household (Paid as 4 $75 Quarterly Deposits into Electricity Account) @ Budget.gov.au
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save50 on 14/05/2024 - 21:25 budget.gov.au (11831 clicks)
Last edited 15/05/2024 - 12:24 by 1 other user

New power bill relief
$300 energy rebates for every household

The Government is providing $3.5 billion in energy bill relief for all Australian households and around one million small businesses.

From 1 July 2024, more than 10 million households will receive a total rebate of $300 and eligible small businesses will receive $325 on their electricity bills throughout the year.

This is estimated to directly reduce headline inflation by around 1/2 of a percentage point in 2024–25 and is not expected to add to broader inflationary pressures.

(BTW: comparing to QLD's $1000 energy bill relief from https://www.ozbargain.com.au/node/843908, what is the difference between this one and that post as this post has so many negative votes? If it is an 'announcement', it will be the similar announcement to QLD's rebate. In other words, both posts should be treated fairly and equally.)

Financial Electricity Rebate

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closed Comments

    • Repposh on 14/05/2024 - 22:56
      +2

      I never got the $250 power bonus from last year despite applying through mygov/services Australia. No doubt this one will be just as unobtainable. No deal.

      • Hotwheels on 14/05/2024 - 23:36
        +1

        Victoria?

        • Repposh on 15/05/2024 - 00:51
          +2

          Yes

      • Unotifoso on 15/05/2024 - 07:18
        +4

        Everyone I know got theirs. Call them. Or call the Vic Ombudsman and at least notify them so it's not just an anecdotal sentence on a forum.

      • Ryxxi on 15/05/2024 - 14:35

        This one doesnt need an application.

      • nugstar on 15/05/2024 - 22:01

        Did you put your details into Vic Energy Compare and follow the instructions?

    • Oxenfree123 on 14/05/2024 - 21:31
      +1

      Don't be a sook mate

    • starbearer on 14/05/2024 - 21:33
      +15

      It's securing the votes mate

    • OMGJL on 14/05/2024 - 21:37
      +3
      1. I am sure rich pays more tax, even after all kinds of offset.
      2. working class didn't pay any more tax with the rebate, than without the rebate.
      • Tyrx on 14/05/2024 - 21:41

        Labor effectively raised income taxes to pay for this rubbish. Every single working class individual will pay for this, and the rest of the concessions which feather the bed of asset rich retirees, over the course of their life.

        I am sure rich pays more tax, even after all kinds of offset.

        Nope. This country taxes productivity, not assets.

        • jabroni on 14/05/2024 - 22:24
          +5

          please go on

          tell us how stage 3 raised income taxes

          • Tyrx on 14/05/2024 - 22:28

            @jabroni: Even the ABC has conceded that it has raised income taxes - that's why it results in tax receipts increasing by $28 billion by 2034-35 compared to before Labor made the changes. The people in the 45c bracket outright pay more tax as the result of the adjustment, and the effect of bracket creep will lead to many more people in the lower brackets getting pushed up into the 45c bracket over the course of their working life.

            • jabroni on 14/05/2024 - 22:38
              +3

              @Tyrx: "even the ABC"?

              ABC is a shell of its former self just a putrid organisation at the moment

              so you're going 10 years in the future to speculate on taxes never changing

              if bracket creep kept up with CPI the top 45c bracket would be only hitting those on $400k+ so bracket creep is a given no matter whos in government but stage 3 did more than most

            • illiterate on 14/05/2024 - 22:54
              +1

              @Tyrx: To be honest I’m not across the latest budget, but I am a high income earner and I recognise that there is an increasing income disparity across our population.

              The highest bracket means shit all because I have property passed to me from my parents that offset it.

              We need a billionaires tax or a death tax to help the australians that are feeling the inflation struggles.

              I am not a billionaire, but the death tax will impact me. As long as it’s applied universally, i have no qualms in giving up what my parents have worked hard for, because they’ve also instilled that hard work ethic in me, and I know I will be okay.

              I’d like to help our peers that have not had the space (or pressure) to help themselves.

              • Mr Plow on 14/05/2024 - 23:27
                +4

                @illiterate: Speak for yourself on death taxes. I'd rather my children get my hard earned money than have an inept government waste it on pet projects and election gambling.

                The best way to fight inflation is to address the elephant in the room that's creating the demand - extremely high immigration. The government won't do it though as high immigration also increases overall GDP, which provides the illusion that we're better off. Meanwhile our standard of living continues to erode as our per capita GDP is in recession.

            • ginormousgiraffe on 15/05/2024 - 08:05

              @Tyrx: Yeah they increase taxes in the same way that everyone in the room on average is a billionaire when Bill Gates walks in.

      • BadAtNames on 14/05/2024 - 21:41

        Must've missed the energy company tax numbers

    • rooster7777 on 14/05/2024 - 21:53
      -2

      Do up you zip please. Your Dutton party badge is offensively exposed.

      • Tyrx on 14/05/2024 - 22:12
        +11

        I'm no fan of Dutton. The LNP are just as bad when it comes to schemes like this - it's a disease that has infected Australia and has resulted in ourselves becoming a low productivity nation.

        Drive your productive workers into a corner and they will eventually buckle under the weight of supporting asset rich parasites. Those people need to start liquidating their assets, rather than drown workers in high taxes to avoid themselves having to draw down on assets to fund retirement.

        • gakko on 15/05/2024 - 06:43
          -1

          Schemes like this are dumb but we are low productivity because we are a big mine not because of them. You could point to the funding in literally this budget aimed at increasing productivity if you want an example of albo trying tough.

    • timtam-slam on 15/05/2024 - 09:26

      Sell / Privatise power companies, give plebs $300 for bills to now private companies. Can we just nationalise our infrastructure again please?

  • linkindan on 14/05/2024 - 21:33
    +1

    Not every household - excludes people on non-mains electricity, as per usual

  • Scrooge McDeal on 14/05/2024 - 21:35
    +22

    This deal it's pointless. Everybody will get this, you need to do absolutely nothing. The money will go to electricity providers to reduce the price of the bill.

    • douevenozbargain on 14/05/2024 - 21:36
      +23

      I get my news through simpsons memes and ozbargain fake deals

    • twig on 14/05/2024 - 22:32
      +6

      So… not targeted. Yay?

    • park on 14/05/2024 - 23:01

      I tried to say this about the Queensland one the other week and people were like "well it's got lots of upvotes so you're wrong"

  • botchie on 14/05/2024 - 21:35
    +14

    where is the bargain when its for everyone

    • try2bhelpful on 14/05/2024 - 21:37
      +1

      Well it isn’t for everyone. Children don’t not get their own.

      • Ham Dragon on 14/05/2024 - 22:00
        +7

        They also don't vote or pay power bills.

        • cydia9k on 14/05/2024 - 22:21
          +3

          And they had best remember it

  • douevenozbargain on 14/05/2024 - 21:36
    +3

    So as someone who moves electricity retailers every few months, this is going to be an absolute pain for them to administer

    • DoctorCalculon on 14/05/2024 - 22:01
      +2

      Not really.

      Your credit should be refunded back to your nominated account upon exit.

      • Drakesy on 15/05/2024 - 00:55
        -1

        Minus some fictional "Admin" fee

        • DoctorCalculon on 15/05/2024 - 02:40
          +2

          I haven't come across any retailers that levy such admin fees for a simple credit refund.
          Name and shame the ones that do this.

        • INFIDEL on 15/05/2024 - 09:01
          +3

          Totally "fictional"! As in you made that up😜

          Usual BS from someone without experience to even know!

          Every electricity retailer I've used over years - has refunded 100% of Govt rebates left in my account.

          No admin fees - it's your money!

          • DoctorCalculon on 15/05/2024 - 09:31
            +1

            @INFIDEL:

            No admin fees - it's your money!

            Exactly. This is the same as how you get your solar feed in credits refunded when you switch retailers or when you ask them to.

    • INFIDEL on 14/05/2024 - 22:34
      +2

      Nonsense!
      Absolutely no pain!
      It's your money💰

      Its a simple refund that retailers are set up to do. Check your retailer's site to find how they refund electricity credits.

      Something my retailers regularly do.
      Have the Qld Govt electricity rebate refunded to my bank account every few months when I switch electricity retailers for the incentives.

  • BatmanAU on 14/05/2024 - 21:36
    +12

    This is not a deal, go away

  • easternculture on 14/05/2024 - 21:37
    +36

    Rather they use that Money to upgrade and improve infrastructure, provide solar rebates etc and deliver cheaper electricity rates. More savings on the long run

    • douevenozbargain on 14/05/2024 - 21:37
      +3

      Agree.

      • furyou on 14/05/2024 - 21:43
        +4

        Free money!

        My platform is free money. Give me $100ea and after costs and admin fees, I'll give you all $80 free each!

        • mongos on 14/05/2024 - 21:47
          +4

          Unfortunately free money is never free.

          Somebody is paying for us. Probably all of us in some way

      • Iwantthatbargain on 14/05/2024 - 21:51
        +1

        Then they would have given it to only citizens who are eligible for votes. This is for all, including temporary visa holders

    • boomramada on 14/05/2024 - 21:39
      +3

      Or rather build a nuclear power plant instead of buying a nuclear subs.

      • easternculture on 14/05/2024 - 21:42
        +10

        Maybe the nuclear sub has S2G (Submarine to Grid) technology lol

        • boomramada on 15/05/2024 - 00:43
          +2

          It probably comes with 110v, not 220v lol

      • try2bhelpful on 14/05/2024 - 21:44
        -3

        Drop the nuclear options completely. Horrifically expensive in both cases. Let’s face it we are buying subs to try to get the US to come to our aid if we are attacked. If Trump gets in I wouldn’t hold my breath. He doesn’t do “foreign wars”.

        I think missiles, drones and better detection technology would be a better use of the money for defence.

        • rooster7777 on 14/05/2024 - 21:55
          +4

          anything has to be better than the "benefits" of nuclear subs to australia. Different for countries seeking to "project power" (flex muscles/threaten) in distant hostile regions.

          • try2bhelpful on 14/05/2024 - 22:01

            @rooster7777: the advantage is a lot of the defence spending is being back ended to be done in the future. I suspect, by then, subs will fall out of favour again. I suspect there is something we aren’t being told in relation to defence priorities.

          • Mr Plow on 14/05/2024 - 23:33
            +5

            @rooster7777: You should read more on geopolitical strategy and the doctrine of forward defense. China would easily have Australia bend to its will without even firing a shot by simply closing shipping lanes in an embargo. This is the real threat, not a threat of invasion.

            Conventional submarines would do very little as they'd be easily detected when they snorkel and would have to return to base not long after they reached the theatre!

            • rooster7777 on 15/05/2024 - 00:36
              +2

              @Mr Plow: So you're concerned that china would strangle australia's trade, rather than physically invade.
              Given china is australia's largest trade partner, they wouldn't need to close shipping lanes to devastate our trade…. they would simply stop trading.

              The key international shipping lane in the area is the strait of malacca, sandwiched by singapore, indonesia, thailand and malaysia. Are you suggesting at a time of international conflict china would send warships there? Wouldn't they become incredibly vulnerable targets in the face of so many aerial bases? WW2 major british warships repulse and prince of wales had the crap smashed out of them very quickly by hostile aircraft in WW2.

              If australia saw the need to defend trade with some other nation, not being their biggest trading partner china, in the malacca region, once there they would not require or desire to move around the area much… thus being a quieter diesel submarine would seem to be an asset.

              Their course travelling from australia to that area would be far away from chinese aircraft. Any chinese vessels in the vicinity of that course would be far away from chinese territory, and in the vicinity of hostile powers.

              The relevance of the doctrine of forward defense would appear to be if australia wished to engage with chinese vessels far closer to china than the strait of malacca… making hostile attacks rather than doing anything defensive. Under what circumstances would australia wish to attack china? Apart from the obvious if australian leadership went insane, the only other tangible circumstance would be if china and the US were at war, and australian wished to assist the US hostilities.

              The wisdom and likelihood of that are complex, and far harder to predict with US presidential uncertainties. The reality is that if australia has an operational number of nuclear subs, they will not be more useful in conflict unless the US is involved. If the US is not involved and assisting australian, then there are serious questions whether australian nuclear subs would be capable of operations at all. Australia is far more likely to enter a state of war against the wishes of its population if we have nuclear subs, due to US pressure. (if australia has conventional subs, US wouldn't see deployment of diesel subs in the china sea to be of real military benefit…. though political benefit can't be discounted)

              Australia seems to be pushing itself into the conflict equation here. Consider vietnam…. US didn't push for australian forces…. Harold Holt pressed the US to request them.

              Bottom line… if you honestly believe "australia could easily be bent to china's will by embargo" according to your analysis australia is already stuffed…. china just has to stop trading, thus an embargo exists, and because australia will be bent to china's will we have "lost".

              I agree I could read more on geopolitical strategy, and look forward to you sharing some pertinent facts to change my mind from australia buying nuclear subs being a disaster, to something else.

            • nugstar on 15/05/2024 - 22:13

              @Mr Plow: Waddaya talking about? Australia has a grand 59 days of oil reserves! That's definitely meeting the IEA guideline of 90 days.
              We're by far #1 at the bottom of the member country list! We're also got all the refinery capacity in the world!

              Not that it matters since we've rapidly electrified transport in our country. /s

    • OMGJL on 14/05/2024 - 21:40

      although rebate is better than nothing, your suggestion is certainly a better approach IMO

      • Scrooge McDeal on 14/05/2024 - 21:45
        +1

        Vote @easternculture for Prime Minister. ✅

        By the way, the more money they spend the riskier it gets interests rates to go up instead of down. So more pain for people with mortgages and renters. 🥴

        • massafiri on 15/05/2024 - 01:33

          This isn’t true. This essentially fudges the numbers for CPI as energy costs make up a “basket of goods” for inflation measures. This will temporarily drop inflation and give the RBA the green light to drop interest rates. This is, of course, good political policy to reduce cost of living pressure, but incredibly short sighted. The government is hoping that global inflation will slow and our imported basket of goods will also slow the inflation rates.

    • coxymla on 14/05/2024 - 21:45

      deliver cheaper electricity rates

      How has that been working out so far?

      • easternculture on 14/05/2024 - 21:49
        +4

        If you have an upgraded infrastructure, then the maintanance costs are lower. Lower maintanance costs = cheaper wholesale prices which get passed on to the customer

        • try2bhelpful on 14/05/2024 - 22:06
          +1

          I would love to see that too, we need to upgrade the grid now and put in renewable energy generators, but Dutton is already banging on about a lack of power relief right now. However, if Dutton goes nuclear then watch our power costs skyrocket. The costs are insane and they haven’t found anyone who would host the nuclear power stations. The coal station guys have said nup. Unless he intends to seize the power stations and socialise power generation. Nobody in private industry is stepping up to build the plants.

      • jabroni on 15/05/2024 - 12:54

        wholesale electricity prices are down

        retail can charge what they want because capitalism

        How has that been working out so far?

    • Craze on 14/05/2024 - 22:04

      That's too much effort and too high risk of stuffing it up like how they did with NBN rollout. Much easier to do handouts to appease the public and win easy brownie points!

    • Austrian Oak on 14/05/2024 - 23:40
      +1

      That's what happens when you privatize our critical infrastructure to overseas businesses. There is no incentive for them to improve the infrastructure as they only care about their share holders and maximizing profits.

    • verio on 15/05/2024 - 08:14
      +1

      100%. It is a stupid practice that the government should stop.

  • seamonkey on 14/05/2024 - 21:37
    +1

    🍿🍿🍿

  • BBTUNA9000 on 14/05/2024 - 21:37
    +1

    aaaand i bet single people get excluded once again

    • toasty on 14/05/2024 - 21:51

      Single people with an active account at an electricity provider are included. And anyway, being single is much cheaper than being in a couple with kids.

      • skidexa on 14/05/2024 - 22:14

        Easier to buy a house as a couple…

      • Jugganautx on 14/05/2024 - 22:31
        -3

        Just because people choose to have kids, doesn't mean they should get a relief fund.

        • FutureTech on 15/05/2024 - 06:36
          +2

          Actually they should - their kids will pay taxes in 20 years

    • 0jay on 14/05/2024 - 21:55

      how would that work?

      • BBTUNA9000 on 14/05/2024 - 22:04

        ahh n/m it says credit to account, not issued directly.

    • Brick Tamland on 15/05/2024 - 07:38

      Thats why I dont mind this government handout because for once us singles get a slice of the action

  • Lets Go Brandon on 14/05/2024 - 21:37
    +2

    Can't wait for Albo's long promised $275 reduction in power bills we're gonna be rich!!111

    • try2bhelpful on 14/05/2024 - 21:38
      +1

      Well my bill has dropped dramatically. I put solar panels on my roof and we generate a lot more power than we use.

      • toasty on 14/05/2024 - 22:00
        +3

        I’m finally doing the same after helping half my extended family get solar installed at their homes over the last decade.

        Apart from the environmental benefits, it’s a total no brainer financially with the return on investment worthwhile even if the installation is financed these days. Still, it’s a shame most renters are excluded from the opportunity to benefit from solar.

        • try2bhelpful on 14/05/2024 - 22:11
          +1

          One of the advantages is when it gets really hot I can turn on my AC guilt free. I want my EV that also acts as a battery backup. Our council is looking at community batteries. Frankly if they dropped by rates in exchange for my excess power I would, probably, be happy in the short term.

          • RockyRaccoon on 15/05/2024 - 02:32

            @try2bhelpful: An EV that uses Electricity to drive makes it worthwhile.

            An EV charging a house sounds great but with Solar panels whats the point. Problem is the EV has to be at home during sunlight hours to charge up, then if you use it at night then its not available for the house to use.

            Just buy a battery for the house instead.

            • try2bhelpful on 15/05/2024 - 16:26

              @RockyRaccoon: Not a problem for us, we are retired. The car might make it out of the garage once a week.

      • rooster7777 on 14/05/2024 - 22:00

        You should take some pride in being negged by forkwits…. if you're copping their wrath you know you're on the right path.

        • try2bhelpful on 14/05/2024 - 22:13

          Given some of the people here I think negs are a badge of honour. :)

          My man and I probably won’t get much out of this budget but that doesn’t really bother me. I would much prefer the money go to people who really need it.

          • rooster7777 on 14/05/2024 - 22:21
            +1

            @try2bhelpful: That's a bit of possible red flaggery with the more feral portion of ozbargainery…. but a good moral outlook.

            • try2bhelpful on 14/05/2024 - 22:29

              @rooster7777: I try to walk the walk as well as talk the talk. I recognise I belonged to the Goldilocks generation. Unless I develop a raging cocaine or gambling addiction I should be pretty well OK until I fall into my dotage. Give me my Euthenasia exit strategy.

              • rooster7777 on 14/05/2024 - 22:52
                +1

                @try2bhelpful: What!? I'm very fond of my porridge! Get your furry paws off my porridge!

                Sometimes I wonder if my lack of interest in the blingery of this life is a thing of taste, or of supreme tightarsedry. I enjoy conversations with septagenarian farmers with more holes in their pants and jumpers than an israeli or state department press release, knowing that they are relatively wealthy men. They tend to be emotionally balanced, and don't talk shite.

                I take pride in copping the disdainful expressions of young princes and princesses in grand SUV chariots when I dare degrade their neighbourhoods with my 15 year old ford. I do confess an addiction to fine toolery however….. though overall it is probably a characteristic running a surplus, considering the cost of paying someone to fix the car/gutter/computer/fence…. or one of the local gophers or such.

                All the best avoiding nasal addictions and the pokies/dogs etc…. and good luck into your dotage. Mine is going well… so well that I'm hoping I never suffer great pain and can avoid euthanasia dilemmas, and that one day in a few decades I just wake up to find that I'm dead.

                (PS…. I agree with you, dictionaries spell euthenasia wrong, but I've been beaten into submission on that one)

                • try2bhelpful on 14/05/2024 - 23:02

                  @rooster7777: It is a balancing act between parsimony and spendthrift. I’m not interested in bling to show off to others but I’m willing to spend money to give others a treat. Also our house needs some well overdue upgrades.

                  • rooster7777 on 14/05/2024 - 23:29

                    @try2bhelpful: I can see that. The overdue upgrades I mean. Ikea Grey!!! gawddddd…. at least peg some touristy tea towels or colourful beach towels on it to bring a bit of sparkle. That's not blingery, that's an investment in non-depression.

                    • try2bhelpful on 15/05/2024 - 01:15

                      @rooster7777: My Oodies provide the sparkle.

                      People in Fitzroy are contractually obliged to stick as closely to black as they can.

    • jabroni on 15/05/2024 - 12:56

      what did slomo give us? oh yeah inflation

  • Dealr on 14/05/2024 - 21:38
    +3

    Glad to hear about it for the middle and lower income earners. That's where the gratitude stops though.

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