• expired

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

48976

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.)

Related Stores

Budget.gov.au
Budget.gov.au

closed Comments

    • Remove or reduce the fuel excise tax.

      • +2

        Double fuel excise, and encourage low power EVs….. reducing foreign fossil fuel imports, and inner city smog.
        Encourage residential and commercial daylight solar EV charging
        Punitively tax big arsed SUVs and boy racer wheels.
        Reduce penalties for youths in low power EVs caught doing burnouts in dad's nissan leaf.

  • +5

    This isn't really improving or reducing the cost of energy at all.

    It's just using the money the government coerced and stole from you to pay a month or two of your own energy bills.

    This doesn't reduce the price charged by the energy retailers, they'll probably increase the price to take a share of the "rebate".

    How many power stations can you build with $3.5 billion?

    • Your comment is almost on the mark, just need to remove the word 'probably'.

    • -1

      corrr! coerced and stole from you! You're not just a disgruntled taxpayer, you rate full sovereign citizen!
      As a matter of interest….. what would you plan to power your $3.5 billion of power stations with?
      (please say nuclear! the post seems to have died down a bit)

    • This logic falls apart when you consider we have a progressive tax system where higher earners pay for a larger slice of the tax pie. Because it's effectively a cash transfer there's a minimal deadweight loss in distributing this cash too.

  • +4

    Is OP a bot and vote farming?

  • +3

    Thanks OP, got 3!

  • +6

    Some sneaky guys' sneaky policy. Not a bargain.

  • +6

    Not a deal if the money is coming out of your own pocket to fund it.

  • time for power companies to raise electricity tariffs!

  • +2

    Imagine if boomer Albo didn't blow a billion on a quantum computing moon shot, we'd have $400 per household instead! Will we see a cent back from the billion bucks? Don't hold your breath, remember this is a bloke who couldn't see a landslide referendum loss and still called it with just two months to go.

    • +4

      Alternatively…. a bloke who showed a majority of australians their naievety, or how bigotted they are.

      I mean, when a stunningly successful political campaign message is "if you don't know, vote no" it highlights a couple of things…. that the liberal party was entirely devoid of meaningful policy which it could publicly state (didn't want to say our mining sponsors hate the bustards)….. and that the majority of the population were concentrating so much on what the colour of their next carpet should be, that they couldn't be stuffed spending an hour or two doing some legitimate research (IE not sky news)

      I did note the boomer bit… are you pining for the days of menzies then? If however you're suggesting younger alternative talent that should be leading our country, I'm genuinely interested in what you have to say.

      To be honest I don't follow a lot of news, so had to research your bit about the quantum computing moonshot. Well… I've done my quick research. I see a range of publications including the financial review and some of murdoch's stable are positive about the investment. (money spent on a project is usually called an investment…. even a bet on a horse race… unless or until it becomes worthless) When the courier mail comes out strongly against anything, it usually highlights to rational people to look at the opposite position as being likely to be sensible… and the courier mail is against this one.

      If you were to say the money would have been better spent developing agricultural technology, or manufacturing technology relevant to some australian industry, or even mining technology not related to coal, I'd listen to your point rationally. But your position appears to be that there should be no such investment in future technological possibilities, and should be given back to taxpayers. If you followed the same logic for infrastructure spending, education, health, even defence spending…. let's consider the results.

      You could probably have a few years in the sun, growing fatter and drunker. After a while you'd probably find it harder to waddle home from the pub because the footpath was too bumpy. (you'd probably have smashed your car into a power pole after a big darts night, leaving you without transport and the suburb without power). You'd probably be living out in the sticks in some god forsaken place because the nation that invaded the defenceless australia wouldn't want the bad PR of shooting you, but wouldn't want to have any expense looking after human needs or wants. If an invading nation wanted to be creative, they might give you an unlimited supply of meth of fentanyl to keep you harmless.

      But worst of all…. you'd have no forum to display your stuntman skills!

      Jeez I put a bit of effort into responding to your 2 bob throw away lamer!

      • There is no prize for longest word count, so I'll keep it succinct

        majority of australians their naievety, or how bigotted they are

        Australians are the most laid back and friendly people in the world, yet an overwhelming majority didn't feel comfortable with this new Voice. Stop calling your countrymen bigots just because they disagree with you.

        range of publications including the financial review and some of murdoch's stable are positive about the investment

        wow you did 'research' by reading the murdoch press, Australia's deadliest export did it again!

        You could probably have a few years in the sun, growing fatter and drunker.

        Australians need cost of living relief, is this a joke to you? Do you think everyone is on the piss?

        throw away lamer

        keep it classy rooster

    • -1

      if boomer Albo didn't blow a billion on a quantum computing moon

      More than $1B given to Ukraine

    • imagine if slomo didnt blow $500 million on a war museum nobody asked for or $250 million to upgrade a plane that Tony and Malcolm had used for years with no issue

      or the $40 billion in unaccounted jobkeeper because people who didn't qualify for it still took the money and ran - pity he didnt robodebt them hey

      and who started handing out money to ukraine? oh

      https://www.dailyliberal.com.au/story/8252698/morrison-appro…

  • +3

    Last year concession card holders received $500 for energy rebate. This year everyone gets $300 so you are taking $200 from the most needy and giving money to energy customers regardless of their income situation. No means testing necessary. I think this doesn’t pass the pub test

  • +5

    They are giving you money they you earnt… And patting themselves on the back

  • +2

    With only $1b investing in energy research, you can have some of the brightest minds, who can work super super hard to come up with the best solutions for sustainable strategies in the long-term development.

    • +1

      And they would come up with…. $300 for every household

      • +1

        Lol. Never seen anything like that in energy-related studies, but who knows

  • -1

    Is this rebate for 2023/24 or for the coming financial year? I am renting my apartment out in July. The tenant will be receiving this rebate, right?

    • Does the tenant pay the power bill?

  • +8

    Well thank you for nothing.
    The entire "cost of living" narrative is a falsehood. It is a meaningless incantation the government chooses because it sounds as if it is a natural phenomenon for which there is no one to blame. In actual reality the government created inflation by first flooding the economy with "free" money, exactly like in this case, then flooding the country with unrestricted number of immigrants while doing their best to destroy reliable sources of energy. They truly are a complete package, hell-bent on weakening the country on all fronts.

    • You've got great political convictions! You could be a great addition to Pauline's party.
      Do you have any knowledge of water, and boats? https://www.youtube.com/watch?v=k870cg2E4LM

      • great addition to Pauline's party.

        If they can be great addition to the
        hilarious PH Explains videos, then that's great :-)

      • Your comment is a total non sequitur and a strawman argument. And you are wrong, I do not support Pauline, she has just exposed herself as a zionist shill.

  • +3

    Why not just buy back the grid?
    Privatisation has not worked out.
    I’m no commie but the energy grid private sector can go and build power generation but I feel prices and bill wise should be government owned as not for profit or soemthing it’s essential service
    No one could say anything good that selling it off has done so happy to be proven wrong
    Water and electricity and then sort out agriculture

    • +2

      Works for Western Australia!

    • gawd…. privatising agriculture is part of your strategy?

    • The top-layer of powerful, deep-pocket corporate vultures,
      incentivise and use the middle-layer [political bureaucracy] as 'middle-managers',
      to push, drive & convince the bottom-layer [the population] to choose
      something that ultimately benefits the top-layer,
      ie. in this case it's the accumulation of the energy companies
      in all of the various countries that have capitalist and democratic systems,
      because such governance systems are easy to infiltrate and manipulate,
      (due to private media as well).

      This strategy does not only apply to energy companies,
      but everything that is 'owned' by the people,
      eg. roads (ie. tollways), medical services (ie. Medicare), etc.

      The citizens of the land, are treated like tenants
      having to rent back their own parents' house that they
      grew up in.

  • +4

    Purchase link doesn't work. Can't see the RRP anywhere either

    • +3

      Further comment without the sarcasm:

      This 'deal' is impossible to action. I want OzBargain to notify me of deals that I can take advantage of.

      This is a forum topic. Or a new kind of category called 'News'.

      I have the same opinion on other previous similar posts.

      • -2

        You're repeatedly offended when ozbargain topics stray off the tried and true?
        Why can't we all discuss the price of HJs you say?
        (no dear reader…. not the HJs you were thinking of, he was discussing Hungry Jacks)
        Julius, you really should remember what happened to your namesake when his way differed from the public's wishes.

        • +1

          You are arguing against a strawman.

          • @realJuliusCaesar: You don't believe this post should be here…. fair enough.
            I do believe it should be here, and a large number of people are participating in the conversation.
            lights a match to your strawman.

            • +1

              @rooster7777: I believe it belongs in the forum section. Everyone can happily discuss it there. Currently it's incorrectly posted as a deal.

              The straw man was something that you made up about my comment on HJs. I never criticised the posting of the deal or the discussion of it. I asked a question and debated the value of the the deal. So if you want a light a match to a straw man, it's one you created.

              • @realJuliusCaesar: Are you a/ an ex headmaster? Your fixation on what is the appropriate place seems a bit unusual. Throw in the bit about a handle of caesar, and insisting things should take place in a forum…. and a wise person checks it's not the first of april.

                • +1

                  @rooster7777: It's not a bargain. Let's just keep OzBargain for actionable deals please.

                  I'm not the only one that feels this way.

  • +8

    I couldn't care less about the budget when David McBride has been jailed. A great stain on this nation. This government is spineless.

    • +5

      You are 150000% correct - if I could pin this comment I would, its such a (profanity) shame how whistleblowers get jailed for doing the right thing, where legislation exists for whistleblowers thats never applied in real scenarios and here we are, randoms on the internet complaining about rebates.

    • +5

      I would also like to mention how the Commonwealth Director of Public Prosecutions (CDPP), an arm of the Attorney General (Mark Dreyfus ALP) requested that the sentencing hearing be delayed to this very day, and specifically a time in the late afternoon (proceedings starting midday) sounds like the ALP wanted this to be overshadowed by the Budget

    • +5

      I agree completely! I would clarify however, that the alternative to this government is the one that initiated the case against McBride. I'm not try to be partisan, just pointing out that both the parties are monstrously immoral.

      • Its just like the US and the UK when it comes to whistleblowers, lock'em'up - the LNP governments arent much better with Witness K and other

        • +1

          Nodsnods about western governments and whistleblowers.

          I'd say that LNP aren't "not much better"… they are equally appalling. Morals go out of the window when humans become politicians. A bit like bugging the conference room in the timor gas matter.

          The worst possible neighbour you could have would probably be your own government.

    • 100%. The most (profanity) up thing to have happened in recent times.

    • Surely, the PM can intervene and pardon David McBride,
      or does that not work in a Prime Ministerial system,
      but a Presidential system could?
      ( I don't know, but just asking )

      I wonder where are the posters that neg you and
      get irritated because of such 'political comments' on mUh oZbArGAiN ,
      just because this post was not about a conflict in a certain country by the Mediterranean Sea.

  • +6

    Is this a deal or politically motivated free advertising for Labor ?

    I suspect the latter seeing as it says these electricity rebates will be applied automatically, so no action by Ozb member or anyone else is required to obtain this "deal"

    Reported as SPAM

  • +2

    We have greenwashing, pinkwashing, blackwashing, etc. from those pretending to care about something.

    When government is spruiking power bill "relief" instead of fixing fundamental issues - is that powerwashing?

  • How dare you tell me about this instead of allowing the government to spend millions in advertising like they have with tax cuts…

    • They will do both, guarantee they will spend millions advertising it, just like they spend millions trying to block content for overseas users of X.

    • Was this planted by a paid or affiliated actor ?

  • +4

    How about ya cut our income tax so we can use it our selves?

    I get that this has less of an effect on inflation but i'm pretty sure i can spend money better than the gov.

    Oh but thank god you're increasing rent assistance so you can justify landlords charging higher rents.

    • Your preferred policy is no rent assistance?

      • +1

        Its a policy that provides a safeguard for landlords.

        • +1

          so your policy is no rent assistance. Homeless numbers on the rise?

          I'd much rather see the morally and economically appropriate abolition of negative gearing on real estate.

          • -2

            @rooster7777: Homeless people are almost entirely made up of the mentally ill who refuse to treat themselves, substance abusers, individuals who intentionally decide to live rough in the APY-lands, those fleeing the authorities and then the children of everyone just mentioned. The only way homeless numbers rise or fall is because more or less people go out of their way to make devastatingly poor life choices to ensure they'll become homeless, then refuse temporary emergency accommodation & help.

            Only 6% of all homeless people are actually homeless and without a roof to sleep under, because authorities have re-classified being "homeless" as anyone who can't afford to live in a permanent tenancy of their choice, from the original definition of not having a roof to sleep under or a current residence. Those individuals in that 6% are entirely made up of those mentioned above who pro-actively choose NOT to accept the emergency accommodation made available to them that's paid for already by the Australian tax payer.

            Rent subsidies don't help anyone who is homeless, because the actual homeless refuse help and actively choose to live as homeless people. All rent subsidies do is allow landlords to increase base level rents for those who rent and have a laugh in the process. Every landlord in Australia is hiking rent for their tenants by an additional amount at the end of their current agreements which will include this $300 - so the subsidy does nothing but put the money into the hands of every landlord in the country.

          • +1

            @rooster7777: Bingo,
            Abolish negative gearing which arguably is the cause for the speculation.

        • +2

          The biggest landlords are the banks.
          They have the whole world hostaged by interest rates,
          and they are just pulling their money back,
          from all the hamsters who need to run their wheel a little bit faster.

          Give a man a gun, and he can rob a bank.
          Give a man a bank, and he can rob a world.

    • Theres also a reduction to income tax? Its literally on the same page

      • +1

        The point would be a $300 cost of living bonus rather than $300 that has to go to my power bill would be more welcome.

    • umm income tax cuts are coming in july

      • +1

        That's my point, build it into the income tax as a cost of living bonus, not locked to energy usage.

  • +4

    What a waste of money…

  • +2

    Hate to look a gifthorse in the mouth, but someone needs to teach the government how inflation works.

  • +2

    say what you want about the hand out, it is what it is

    however, you cannot seriously state something like '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.'

    handing out cash to people absolutely does not 'reduce headline inflation', in fact, it does the complete opposite. to suggest otherwise is an affront to the most basic tenants of economics and most people's basic intelligence.

    • +1

      Plus there’s the fact that the RBA uses the trimmed mean and underlying inflation as indicators both of which won’t be impacted directly as the governments measure is a one off.

  • +3

    This will help as much as the $1 billion to make solar panels here and the $1 billion to invent a quantum computer here because Australia has a track record in both.

    This will feed inflation because it is injecting more money into the economy.

  • I'm going to cash out this and the QLD electricity rebate and then blow it all on Eneloops. Then I will go off-grid.

    • noooooo
      Eneloops are sooo 2021! lithium man, lithium! AAs are out, 18650s are in!
      However, if you want to avoid incinerating your house, LiFEPO4 lithium iron phosphate would be a better choice.
      But…. if you're really going to buy one of those big arsed tvs you were talking about, keep some of the money for either a longgg extension cord to nick power from your neighbour to charge those batteries, or buy some solar panels.
      You know the old mantra, what goes out must go in first.

      • +1

        I have solar and an extension cord already. Just need a hamster wheel as backup.

  • Great more inflation

    • +1

      If it that simple and obvious you'd see a spike in indexed securities markets. There isn't one..

      • +1

        Why do you think Australian equities would rise if they though inflation was going to be higher for longer?

        • Markets would seek more inflation-protected securities if that was the expectation. Nobody is expecting inflation to be higher for longer during a surplus with the scale of monetary policy going on the background, so they don't.

  • +3

    We have a progressive tax system and a surplus, higher income earners disproportionately pay for this cost of living relief for everyone else.

    Nobody is holding a gun to your head and forcing you to vote Labor, christ.

    • -1

      "Higher income earners disproportionately pay for this cost of living relief"
      It's been a while since I've been up in the stratosphere…. what's the top tax rate? 58%? 62%?
      Hang on… I just checked! You wealthy victims are paying the exorbitant amount of 12% extra income tax, because you earn more than twice the average wage!
      How on earth do you get by?
      Did you have to fire the maid, the butler, the gardener and the chauffeur? Lucky you can still afford the valet, or you'd never get by.
      Though I guess considering how devastating that tax rate is, you already had to get rid of the garden and the roller, so you're only really suffering the loss of the maid and butler.
      I feel a hot flush coming over me, just thinking about your dilemma.
      James, get me a brandy, pour me a hot bath, and for god's sake make sure you give me the right pen next time!

      • +3

        I think you misunderstand. I'm saying this is good policy precisely because higher income earners pay for more of it.

        Your math on the 12% is misleading all the same. The top 10% pay more than a third of the income tax burden. Which again, is why this is good policy. Take your populism elsewhere.

        • You said higher income earners pay disproportionately, and no-one is holding a gun to the head of voters who voted for this.
          Please accept my apologies for misunderstanding your meaning, when what you wrote was you think the policy is good.

          Also please accept my apology for saying that the average annual income tax rate is 32.5%
          Please also accept my apologies for saying that the highest income tax rate, on income more than double the average annual income, is 45%.
          Further to this, please accept my apology for saying the difference between the two rates is only 12%

          Should I pick up my factualism and go straight to the nearest window vladimir?

  • +2

    So ..who will benefit the most? Privatised energy suppliers. Even better in SA, its money going straight offshore.

    Can we get this, then change retailers and claim the credit as a refund?

    Love how this attempts to put out the inflationary fire ….by throwing petrol on it.

  • +3

    Is that you Albo?

  • Am i missing something but looking at this thread, how has this got to do with tax and tax-payers? How do people know that higher income earners are paying for this? im just confused by the relevance

  • +3

    Pointless

  • +1

    Let the price hikes begin!

  • +7

    Rebates are being applied automatically so no action required by anyone to obtain this "deal"

    Please report this as SPAM if you think it's free political advertising by a paid/affiliated Labor troll.

  • +3

    how is this a good use of money
    maybe put the money to good use? invest it in renewable energy?
    nah let's just give everyone a few hundred dollars instead, that'll help in the long run!

  • +1

    what a perfect move to push inflation up again.

  • +3

    Government handouts aren’t a “bargain”

  • +5

    People still complain about $300 not helping. How much are you realistically expecting the government to give you? $1 million to set you up for life?? We are already in a super socialist welfare country where medicare, education and energy are all state sponsored. How much more $ do you want from the limited tax pool.

    • +1

      Tax brackets that don't creep for one…

  • +1

    Which electricity retailers in QLD are y'all switching between? With FITs as low as they are it seems beneficial to stay with Alinta. 8c/kWh, no daily cap. Though I didn't notice I was paying full market rates for 9 months because their website is (likely intentionally) misleading.

    The $1000 for all QLD homes has some fine print. Not all homes! You have to be on a concession card or similar to get the full $1k. It's $550. Sauce: https://www.qld.gov.au/community/cost-of-living-support/conc…

    • +1

      I think you are reading the 23-24 part the $1000 is all households

  • I misread the title as budget.com.au lol (the rental company). I wonder how many people are inadvertently going to end up at that site.

  • -1

    One thing i have learnt from Ozbargain

    Say anything positive about LNP you get ripped on and downvoted

    Say anything that is positive about the ALP you get ripped on and down voted

    Not going to say anything political anymore

    • -1

      Based on your comments, its not Ozbargain it might be the commentor.

Login or Join to leave a comment