This was posted 6 months 8 days ago, and might be an out-dated deal.

Related
  • expired

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

48976
$300 Electricity Rebate For Every Household (Paid as 4 $75 Quarterly Deposits into Electricity Account) @ Budget.gov.au
Go to Deal
save50 on 14/05/2024 - 21:25 budget.gov.au (11820 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

Related Stores

Budget.gov.au
Budget.gov.au

closed Comments

  • nokidsandthreemoney on 14/05/2024 - 21:40
    +4

    How to blow a budget surplus in 1 simple step…

    • Gdsamp on 14/05/2024 - 21:44
      +13

      Step 1. Be Josh Frydenberg
      Step 2. Pandemic due to virus leak from lab
      Step 3. ???
      Step 4. Lose your seat to teal 'independent'

  • hardya on 14/05/2024 - 21:42

    Should i get power connected out in the paddock to double dip?

  • douevenozbargain on 14/05/2024 - 21:42
    +8

    Lets give everyone tax relief and cut their bills and then wonder why inflation is too high and then up the interest rates. Great idea!

  • MeesusEff on 14/05/2024 - 21:43
    +1

    So WA get $300 + $400? Glad it covers one bill I guess lol

  • socialistshroom on 14/05/2024 - 21:43
    +9

    It's a step in the right direction. We should have nationalised our energy sector and resources long ago.

    • nokidsandthreemoney on 14/05/2024 - 21:50
      +3

      How is it a step in the right direction, it’s a band-aid on a gaping wound. I agree they should employ in the very least some basic Keynesian economic theory to intervene and set price ceilings or enforce more anti-monopolisation, but this doesn’t address that at all. It’s just throwing a bit of cash at the issue to try and look good for 5 minutes, but doesn’t invoke any real change.

      • socialistshroom on 14/05/2024 - 21:59

        I agree that it's not addressing the root issue, but at the same time, it's not intended to fix the issue. It's aid for those who need it. I think providing economic support for our citizens is a good thing.

        Of course, if they attacked the issue with many of the ideas you've mentioned, and in my opinion with further nationalisation, then we wouldn't need a band-aid - but alas, here we are.

        • nokidsandthreemoney on 14/05/2024 - 22:07
          +9

          I agree, we are on the same page for sure, but you mention aid for those in need. So they should’ve done that with a bit of simple means testing. They could’ve helped those in need, and only spent perhaps 4 billion, but instead with the blanket handout they are assisting a huge portion who won’t even notice the bill is waived. Just a testament to the fact it’s a flashy attempt to try and win votes and not get anyone offside including the well-to-do.

          Imagine how many schools or hospitals could’ve benefited from that left over 3 billion if they just spent a little time and effort trying to allocate the funding to the deserving pet of the population.

    • whyisave on 15/05/2024 - 01:56
      +1

      Things like that should be in the constitution,
      ie. the necessities of the local population should
      never be in the hands of foreigners for the purpose of a profit.

      Shareholder capitalism also magnifies individual greed,
      against the collective benefit of the group,
      ie. individuals want the share-price of energy companies to go up,
      but also complain about their own energy bill, haha

  • MrBillions on 14/05/2024 - 21:44

    Take it from one pocket to put back into the other…

    • rooster7777 on 14/05/2024 - 22:01

      Yep…as I lift a bit of surplus cash from your fat back pocket and redeploy it in mine.

  • yht on 14/05/2024 - 21:45
    +7

    If you see the electricity, gas and water bill, the supply charge is being ridicilous. The Government should intervene to reduce the supply and service charge, rather than giving credit. Should be calculated based on how much you use it rather than by how many days.

    • rooster7777 on 14/05/2024 - 22:04
      +1

      Are you planning on driving to the nearest bulk electricity supply centre, and filling your car and trailer up with electricity?
      A dohhhh moment might bring inspiration about the cost of building and maintaining the grid.
      No maintenance costs you say? Keep that in mind next time a major storm hits your area and the grid is zapped into stupefaction.
      Or do you reckon the solution is obvious… put the grid underground? I can already hear the squealing at the hugely increased grid costs of that….

      • yht on 14/05/2024 - 22:31

        Cool down, Mate. Big corporate pay much less gas and never pay for the supply charge like residential. They should charge big corporates with supply charge and charge residential with percentage how much we used. Same with mobile phone charges, we didn't pay for daily supply and they still have to pay for their infrastructure and stuff. Just saying.

  • Oztx on 14/05/2024 - 21:45
    +2

    I don't understand how is this suppose to reduce inflation. It's free money for everyone, people will have more disposal income to spend on other things, demand and spending capacity will be higher than usual which eill likely lead to increased prices.

    • xavster on 14/05/2024 - 22:03
      +12

      Hi, it's a reduction in 'measured' inflation, not actual inflation.

      i.e. if last year's power bill is $2000, and this year is also $2000, but with the rebate applied directly by the retailer, your actual bill will be $1700.

      So when ABS measures inflation, they will say that electricity price inflation is negative because prices have fallen.

      It's essentially an accounting trick and doesn't reduce the amount of money in the economy.

    • Mokr on 14/05/2024 - 22:38
      -3

      Because people are struggling at the moment.

  • SpeedAU on 14/05/2024 - 21:45
    +4

    Smokes and Mirrors - $300 for everyone meh and huge tax for your hybrid car

  • Mortgagetightass on 14/05/2024 - 21:46

    I thought it would be applied to bills, this is just something that can be BSB'd to you and spend it on Zinger boxes, no?

    • WoodYouLikeSomeCash on 14/05/2024 - 21:53

      The money is given to power companies not to you directly.

      • Mortgagetightass on 15/05/2024 - 08:00
        -1

        wrong, confirmed like the last 2 years it's a payment made to you

  • Wiadro on 14/05/2024 - 21:46
    +3

    which consultancy company made all this up?

    • whyisave on 15/05/2024 - 01:58
      +3

      Probably not PwC, haha

  • purple1 on 14/05/2024 - 21:48
    -3

    This does not benefit those that have already invested in solar and/or +battery.

    • try2bhelpful on 14/05/2024 - 21:50
      +2

      That doesn’t stop it being a bargain for some people.

      • purple1 on 14/05/2024 - 22:03
        +2

        Why is this rebate applied to electricity only?
        Is gas not considered energy?

        • rooster7777 on 14/05/2024 - 22:06
          -2

          Gas is considered dirty energy…. not a resource to be encouraged.
          Those rheem ads of the 80s and the great big beautiful gas were the next thing on the nose after residential oil heaters.

          • purple1 on 14/05/2024 - 22:12
            +3

            @rooster7777: Really, so it's ok for Australia to profit from Gas exports right.

            • rooster7777 on 14/05/2024 - 22:26

              @purple1: Sorry, I need glasses. I can't find the bit I wrote about gas exports.
              I can't say I'm comfortable about gas exports, but I guess in many cases it would be used in importing countries in lieu of burning coal, so there are positives.

              I can't really gauge your outlook from your text…. it seemed you wanted domestic gas use to be encouraged, and don't want gas to be exported.
              Just a side question…..are you disappointed coal burning power plants are going the way of the dinosaurs?

              Speaking of which, today I learnt that brontosaurussss didn't give a rats about those scarey T rexs…
              something about living millions of years apart…. just in case you were curious about that.

        • try2bhelpful on 14/05/2024 - 22:20

          Frankly they want gas phased out for residential properties. We are in the process of weaning ourselves off it. We put in reverse cycle air con so we only use our hydronics if we have a party in Winter. We have a stand-alone single induction cooker to test how we will cope. The big one will be the heat pump hot water system. This will probably be next year now because we are travelling to Europe later in the year.

          • purple1 on 14/05/2024 - 22:25
            +1

            @try2bhelpful: Replacing a working cooktop/stove from Gas to Electric is not a small investment.

            • rooster7777 on 14/05/2024 - 22:28

              @purple1: Doing as the helpful one is…. using standalone induction cooker/s… is actually a tiny investment. Just sit the forker on top of the gas burning dinosaur.

            • try2bhelpful on 14/05/2024 - 22:32

              @purple1: My current gas stove is over 30 years old and the electric ignition doesn’t work anymore. I think it is, probably, very close to end of life anyway.

          • rooster7777 on 14/05/2024 - 22:33

            @try2bhelpful: Do you currently have the in between strategy…. solar hot water.
            Jeez that made a huge difference at my last place. I must confess I have a gas instant hot water system currently, but my gas use is close to insignificant.
            I've got 2 9kg BBQ gas bottles hooked up (no town gas) and they've been there for more than a year. It does help to have a bit of pommy heritage, and a cruel hand on the gas tap if anyone forgets the task at hand, and starts singing in the shower.
            Errr…. beverages with the kettle, and electric self heating dishwasher round it off.

            • try2bhelpful on 14/05/2024 - 22:44

              @rooster7777: We have limited roof space and have put panels on every suitable inch we could. No room at the inn for solar hot water. We will go the heat pump but we just don’t have time to get it in before my nephew baby sits our house, and cats, when we are away. Next year.

              We have a warehouse we converted so we have big open areas. However, we’ve created a snug by carving off part of the space. We made thermal curtains that allow the space to be closed off or opened up dependent on what we are trying to achieve. This area includes the kitchen so we’ve, effectively, carved a bedsit out of part of our property. This is where the reverse AC is. It dropped our heating costs dramatically. The thermal curtains are two Queen flatbed sheets with a king size polyester doona between them. It can be 20C in the snug and 12C in the rest of the house.

              • rooster7777 on 14/05/2024 - 22:55

                @try2bhelpful: Cool! or rather, warm!
                Yes… large living spaces with no doors are not the best feature of modern designs… good work with the thermal stuffs. Have you had any artistic family members water paint a nice mural on the thermal curtain?

    • Hinee on 15/05/2024 - 09:02
      +1

      What a ridiculous neg. Do you do the same to every other deal that doesn't apply to you?

      • purple1 on 15/05/2024 - 10:45

        This is not a deal.
        This is only one part of the federal government's budget for the next financial year, in which it claims to benefit every household.
        That claim is false.

  • ddr0001 on 14/05/2024 - 21:50
    +3

    There is no bargain here. Everyone is eligible.

    • try2bhelpful on 14/05/2024 - 21:51

      See the comment of the person above.

  • Fancydancer on 14/05/2024 - 21:52
    +3

    You couldn’t make this 3h$t up

  • shortgum on 14/05/2024 - 21:53
    +6

    NOT A BARGAIN. SMART OZBARGAINERS HERE CAN SWITCH AROUND JACKASS PROVIDERS TO GET $300.

  • Hotwheels on 14/05/2024 - 21:54

    Still waiting for last year's energy relief fund.

  • unity1 on 14/05/2024 - 21:54

    Is it $300 as a lump sum?

  • WoodYouLikeSomeCash on 14/05/2024 - 21:55
    -3

    $25 a month off your power bill for 12 months. I’m sure that’s gonna really make a difference to the $1,200 increase to power bills under Labor…

    • bargain_knight on 14/05/2024 - 22:08
      +1

      Dude my power bill for a family of four isn't even $1,200 per annum. So not sure how you're getting those numbers.

      • WoodYouLikeSomeCash on 14/05/2024 - 22:17

        If your power bill was $1,200 a year least year, it’s now $2,400 a year (up $1,200). Look at the data electricity prices have doubled under Labor.

        Sourced from the AER.

        • bargain_knight on 14/05/2024 - 23:21

          My power bill is currently $65 a month for a four bedroom house with four people. I hate this sort of BS propaganda you are espousing. The lowest price I have paid per kWh is 15c. I now pay 20c per kWh. My daily tariff is 77c per day. The lowest I've ever paid is 65c per day. The current prices are about average over the last 14 years. But approximately 25% higher than the lowest I've ever paid, costing me approx. $300 per annum.

          • WoodYouLikeSomeCash on 14/05/2024 - 23:31

            @bargain_knight:

            I hate this sort of BS propaganda you are espousing

            So you’re proposing a conspiracy theory that the AER (an Australian government entity) produces propaganda?

          • whyisave on 15/05/2024 - 02:00

            @bargain_knight: That's good.
            Do you have or use a dishwasher, dryer, air-conditioner, electric grill or electric heater ?

            ( I didn't list refrigerator, microwave oven, washing machine, … as they're 'essentials' to most households )

    • Gdsamp on 14/05/2024 - 22:25
      -1

      It's been sooooooo easy under Albanese

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

    A pointless measure, the cost per household (and cost in taxes) is probably around $350 after admin costs. Give it struggling households ok, but to everyone is just populism.

    • Brick Tamland on 15/05/2024 - 07:39

      Taketh with one hand and giveth with the other

  • matttttt on 14/05/2024 - 21:55
    +7

    An election bribe isnt a deal.

  • mrgeckoz on 14/05/2024 - 21:55

    I hope resellers won't jack their prices to offset the rebate lol

  • Pulseless on 14/05/2024 - 21:57
    +6

    This isnt a deal, mods should delete.

  • bargaino on 14/05/2024 - 21:57
    +1

    Can anyone explain how throwing cash around and increasing public debt is not inflationary?
    Isn't that what they did during covid, and now we are paying the price?

    At least putting the cash into power bills is a low-overhead method. The schools payment in WA is requiring a massive amount of work by parents and gov't departments.

    • WoodYouLikeSomeCash on 14/05/2024 - 21:58
      -8

      Public debt is insane under Labor. They’re heading for $1 trillion!!!

      Labor even tried to blame it on the Coalition.

      • rooster7777 on 14/05/2024 - 22:12
        +9

        You're sh*tting me! You're claiming public debt is due to labor, after how many years of shitmo & co's deficits?

      • Nom on 15/05/2024 - 15:29
        -1

        @WoodYouLikeSomeCash - You realise you've just linked to page that illustrates about a third of the debt was Labor debt ?

        And the remaining two thirds was Coalition debt ?

        Labor even tried to blame it on the Coalition because that's exactly where most of it came from, according to your link 🤷‍♂️

    • rooster7777 on 14/05/2024 - 22:10

      pretty easily…. money from a surplus is not increasing public debt

      • bargaino on 14/05/2024 - 22:27

        Ummmm … every dollar spent is less money going to repay the debt. So higher debt at the end of the year. You do comprehend?

        • rooster7777 on 14/05/2024 - 22:38

          I comprehend, hence I pointed out your error. Money due to pay government debt is budgeted for as part of the budget process. Surplus at the bottom line is surplus….thus spending what is surplus is not increasing the debt.

          Looking at it factually, you could have said "spending the surplus to reduce public debt" which is a logically valid comment, but you didn't. You said "increasing public debt".

          Seeing as you know a bit about this complicated stuff, you might be able to answer a question I have. With my mortgage, I must pay a certain amount per month, but can pay down more if I wish. Does government debt work that way, or do they sign contracts to repay a specific amount per time period, with no leeway to change their contract by paying more?

          • bargaino on 14/05/2024 - 23:38

            @rooster7777: Seems you are quibbling over the word "increasing".
            It should be clear that effect of the spending is to make the debt higher that it would other wise be. Would you be happier if I said it "adds to the debt"? Something else?

            What is the source of your concern over the wording? From your above "shitmo" post, I'm guessing it is a tribal red vs blue thing? I don't like him either, but no need to be childish about it.

            • rooster7777 on 14/05/2024 - 23:59

              @bargaino: I'm not quibbling… I'm simply being accurate and correcting your false impressions.
              The effect of spending a surplus does NOT "make debt higher". It does NOT "add to the debt" How many ways do you have to be told this.
              The source of my concern is that you are talking bollocks, and then trying to obfuscate when it's pointed out to you.
              Being childish is not recognising truth and accuracy when it's right in front of your nose, instead petulantly repeating bollocks.

  • FlyingMiffy on 14/05/2024 - 21:58
    +7

    I think Gina Rhinehart got a better deal, almost $1b to contribute to her business empire to dig dirt out of the ground that belongs to the whole of Australia but hey, 300 bucks for the PAYG folks is better than nothing.

    • rooster7777 on 14/05/2024 - 22:12
      +4

      sheesh… seems like a better scam than being israel!

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

        You are so going to be negged. :)

        • rooster7777 on 14/05/2024 - 22:59
          +3

          that one seems to have slipped through…..
          there was a huge firestorm on a "deal" some ruffian put on ozbargain for Kmart hand held shredders…. the title quoting the admirable israeli ambassador to the UN. Conversation rose to a scorching level…. ahhhh… the semantics of anti semitism vs anti zionism.

    • bargaino on 14/05/2024 - 22:31
      +1

      The globe is sadly groaning with debt, poverty and strife
      And billions now are pleading to enjoy are [sic] better life
      Their hope lies with resources buried deep within the earth
      And the enterprise and capital which give each project worth
      Is our future threatened with massive debts run up by political hacks
      Who dig themselves out by unleashing rampant tax
      The end result is sending Australian investment, growth and jobs offshore
      …

      https://genius.com/Gina-rinehart-our-future-annotated

    • OfTheOverflow on 14/05/2024 - 23:54

      Her time will come

  • cooni on 14/05/2024 - 21:58
    +1

    The real relevant question here for ozbargainers is how will this be implemented and what are the implications for churning?

  • Mike Nolan on 14/05/2024 - 21:59
    +3

    Getting $300 of my own tax money back is hardly a bargain.

    • AircraftFreight on 14/05/2024 - 22:00
      +5

      Not quite, federal income tax makes up 47.2% of the budget - more like $141.6

    • bargaino on 14/05/2024 - 22:33
      +3

      No, your taxes have already been spent, and then some.
      More like you get $300 now, and pay back $500 more in taxes later.

      • whyisave on 15/05/2024 - 02:05

        or give more than $1B to Ukraine.

      • jabroni on 15/05/2024 - 13:01

        how do you pay more when stage 3 in july makes you pay less?

  • AircraftFreight on 14/05/2024 - 21:59
    +3

    OzPolitics Copyright © 2006-2024 OzPolitics ABN: 26 144 073 772

  • Ham Dragon on 14/05/2024 - 22:01
    +6

    This is just advertising for the federal government. Not a bargain, and definitely not a freebie!

    Keep Ozbargain apolitical.

    • AircraftFreight on 14/05/2024 - 22:02
      +2

      The RFK Amazon deal is still stuck with me as the most political "deal"

      • bargain_knight on 14/05/2024 - 22:10
        +1

        You're right to some extent. But this post is not a deal. It's more of an announcement.

        • AircraftFreight on 14/05/2024 - 22:12
          +2

          Same same, both posted in the deal category, shit funny to read over the comments

    • rooster7777 on 14/05/2024 - 22:13

      back in your loch, nessy!

      • Ham Dragon on 15/05/2024 - 00:45
        -1

        Imagine negging someone for wanting to keep this site free from IvP bullshıt

        • rooster7777 on 15/05/2024 - 00:54

          intravenous pyelogram…. what the fork are you talking about locky?

          • Ham Dragon on 15/05/2024 - 11:37
            -1

            @rooster7777: Israel vs Palestine, it's a euphemism for circular, never-ending arguments about politics wherein no one is objectively "right".

    • jmc787 on 14/05/2024 - 22:49
      +2

      100% agree, have reported this "deal" as SPAM which is what it is

  • life is suffering on 14/05/2024 - 22:05
    +1

    One sub or free electricity

  • lazydesi on 14/05/2024 - 22:07
    +3

    is it better to buy back the assests to state govt control using this funds?

  • umoddbro on 14/05/2024 - 22:07
    +1

    Give us a discount on fuel prices…..

    • shap08 on 14/05/2024 - 22:09
      -1

      You havent bought a tesla yet? Posted here many times.

      • umoddbro on 14/05/2024 - 22:10
        +2

        No mate only camry or high yield bmw around here…

Login or Join to leave a comment
Login Join