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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 (11814 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

        • Drakesy on 16/05/2024 - 17:01

          lel

  • drazenm on 15/05/2024 - 03:03

    Because they know you're peasants and zombies that's why they're doing this what they're doing, because they can get away with it as there's ZERO resistance! 🤣

    What's $300 compared to how many thousands they've milked out of you last 4 years! Unjustified, illegally, based on smokescreens and fear mongering! 🤣

    They know you'll be happy with whatever scraps they throw at you 🤣

    P.S Labor/Liberal are same 💩 different packaging. This recycle bin, zoo land, dumping ground, experimental island is governed from outside, enjoy! 🥰

  • Benzy on 15/05/2024 - 04:32
    +3

    Not sure how this post is different from the WA one - https://www.ozbargain.com.au/node/845110

    It's essentially the same thing, just offered by the federal government instead of the state.

    Previous WA post has 171 positive votes and zero negative votes, whereas this one has 39 negative votes.

    I don't understand how OzBargainers vote.

    As I mentioned in a previous post, I am saying it again, this isn't a deal, just an FYI, and it should be in the forum.

  • SydBoy on 15/05/2024 - 05:41

    Labor is so dumb to give $300 to billionaire like Gina Rinehart and Andrew forest … !

    They even more dumb to continue Tony Abbott signature policy that give $20,000 asset right off to business but PAYG earning majority tax payer can't even right off their laptop worth $1000.

  • TEER3X on 15/05/2024 - 05:51
    +2

    Hey everyone, let's not fix any real problems and just contribute to longer term problems…. Pathetic waste of taxpayer money.

    I earn less than the average and still see the stupidity in this.

  • dtpearson on 15/05/2024 - 06:02
    +5

    Let's not spend money on cheaper renewable electricity generation and storage projects that will reduce electricity bills for everyone for decades to come. Lets just do a once off cash splash to make it LOOK like we are doing something.

    • TEER3X on 15/05/2024 - 09:05

      I would have preferred the money go into battery r&d.

  • meowbert on 15/05/2024 - 06:30
    +4

    The way to solve for inflation is to… give away more money!!!

  • BobCobb on 15/05/2024 - 07:03
    -1

    Might run the pool filter a bit longer, get that water even clearer. Oh yeah. Thanks Albo!!!!

  • milobob on 15/05/2024 - 07:04
    +2

    Is this meant to help inflation just like how the first home owners grant helped to keep properties cheaper for first home buyers? Hmmmmmmm

    • Darude Sandstorm on 15/05/2024 - 07:30
      -1

      Is that a serious question?

      Obviously electricity retailers have increased costs to make this negligible, and after that $300 is exhausted the prices don’t go back down, in fact it’s the same shituation we’re having with rentals at the moment.
      Interest rates go up 4%, rents increase to match it so IP owners aren’t out of pocket, when interests rates go back down the rents stay at their highs so renters get shafted.

    • haz on 15/05/2024 - 07:34

      Not the same as you won’t be competing against limited supply which drive up prices.

    • jabroni on 15/05/2024 - 13:49
      -1

      It will technically lower inflation as it reduces CPI. The reduced spending on utility bills will drive the CPI down as the weighting on that service is quite high in contrast to other goods and services where expenditure may increase due to this. This will then allow RBA to lower rates which is what every media commentator is foaming at the mouth about

  • imurgod on 15/05/2024 - 07:04
    +1

    Not a bargain. Labor is an unmitigated disaster.

  • Darude Sandstorm on 15/05/2024 - 07:23

    Hell yeah 4.5 months of Electricity free

  • pyramid on 15/05/2024 - 07:27
    +1

    Freebies to win elections….what time we are living in….instead of reducing electricity rates, we give money to people….seems government don't have control over how much companies can charge their customers.

  • SupeNintendoChalmers on 15/05/2024 - 07:45

    As someone who now has over $800 in credit on my electricity bill (thanks solar + batteries), this extra money will be useless to me.

    Is there any way to gift or to another household?

    • treeman on 15/05/2024 - 08:23

      Can't you just get that money paid out?

    • Squeezy on 15/05/2024 - 16:57
      +1

      get your provider to pay it out into your bank account. Its your money.
      Need to make a phone call to setup but once you have my Provider pays me monthly now without intervention.

  • MattyD on 15/05/2024 - 07:51
    +3

    I do find OB mentality hilarious at times. Bonus $2 cashbacks get hundreds of votes, but "here, have $300" from the govt gets ~50 downvotes in 8hrs 🤣

    • SupeNintendoChalmers on 15/05/2024 - 09:08
      +2

      Classic neo-conservative mindset.

      Me, the individual getting a tax break/Bargain = aok

      The masses getting tax break/Bargain = this is government interference/socialism/communism.

      A very toxic mindset imho

    • lac0449 on 16/05/2024 - 02:10
      +1

      Until you think "Hey…. the taxpayer is funding this". Makes it more comical when you have multiple taxpayers in the household, but 1 electricity bill, so yeah…. this is a pretty laughable offer really. I'm sure old mate living out of his car and the old lady living out of a tent a singing praises (given they're most likely off-grid)
      Should have been tax break/offset directed at LI earners/homeless support.

  • BlkR on 15/05/2024 - 07:52

    $300? just exactly how much is electricity is costing each household per quarter in here ?

  • prhino on 15/05/2024 - 07:53
    +1

    What a stupid idea to do this without means testing

  • minijumbuk on 15/05/2024 - 08:00
    +1

    manipulate the inflation away…it's like we're in communist regime

  • diggityfish on 15/05/2024 - 08:00
    +1

    What a disgrace, they are the exact reason its all so bullshit expensive, then they take more of our money, give some of it back in an attempt to buy our votes for the next election.

    Its scary to think Australians will fall for this insanity. This clown show has got to go.

    • ginormousgiraffe on 15/05/2024 - 14:17
      +1

      Scott Morrison handing out money and temporarily reducing the fuel tax - flirting.

      Albo handing out money for electricity bills - harrassment.

      Guess what, Morrison still got voted out, the public are somewhat smart enough to still make a decision.

  • Lebofly on 15/05/2024 - 08:03

    Too little too late I’m afraid, I spend $300 in two weeks of grocery shopping for meals

  • GoldenDragon888 on 15/05/2024 - 08:07

    My solution to rising costs is not to seek ways of reducing the base cost but to give handouts to you, that’ll you’ll just pass on to the company charging you the costs.

    A more palatable handout to businesses.

    See I can politician too.

    • SupeNintendoChalmers on 15/05/2024 - 09:11

      Ah yes, give the honourable, benevolent business the privilege of lowering the costs for their customers, that totally works, every time.

  • Illyria on 15/05/2024 - 08:11
    +1

    This $300 electricity assistance in the budget is a sneaky inflationary handout. It aims to stimulate the economy while rigging the electricity component of CPI metrics downwards to counter its inevitable inflationary effect being detected in CPI data. Macro shenanigans

  • SaveTheManuals on 15/05/2024 - 08:11
    +1

    Effectively just makes the cost of living more likely to rise more quickly. Short term relief for longer term pain. We need a better solution.

    • jabroni on 15/05/2024 - 13:52

      It will technically lower inflation as it reduces CPI. The reduced spending on utility bills will drive the CPI down as the weighting on that service is quite high in contrast to other goods and services where expenditure may increase due to this. This will then allow RBA to lower rates which is what every media commentator is foaming at the mouth about

      • SaveTheManuals on 15/05/2024 - 19:52
        +1

        Isn't this just a cash payment though? Wouldn't the money being spent on utility bills effectively be the same?

        • jabroni on 15/05/2024 - 22:48

          its a credit so your bill is $75 less every quarter

    • ginormousgiraffe on 15/05/2024 - 14:18

      Only if you look at it in a bubble and exclude the other measures they've proposed.

  • Frozensage on 15/05/2024 - 08:12

    Also $345 for small business. That ABN is paying itself!

    • shap08 on 15/05/2024 - 08:49

      is this the ozbargain hack?

  • treeman on 15/05/2024 - 08:22

    What if I don't pay for electricity due to batteries?
    Although I will be paying something next quarter most likely.

    • Irishness on 15/05/2024 - 08:51
      +1

      assuming you are on the grid & have an electricity account then you gt the credit, then talk to your provider about cashing it out, failing that a switch in providers will pay it out to you

  • verio on 15/05/2024 - 08:22
    +5

    Somewhere in the state and federal government:
    - ok, so this year we have a budget surplus. Extra money to spend!! We the elections coming soon - any ideas how to spend the money?
    - maybe we should readjust the tax brackets? They are not indexed with CPI every year.
    - shut up, you idiot. We just did tax cuts, that should be enough for 20 years.
    - should we spend money on infrastructure? maybe improve public transport or more tunnels? traffic sucks in our cities.
    - naaah, that's too complicated. Projects go over budget and people start blaming us.
    - more hospitals? ER departments are over capacity.
    - black hole. No matter how much we spend the result will be the same.
    - oh, what if we just give people money? That's not an election bribe at all if we call it something else. How about a cost of living relief?
    - BRILLIANT!!!

  • digitalbath on 15/05/2024 - 08:37
    +4

    You seriously crying about downvotes? Laughable

  • obit11 on 15/05/2024 - 08:40

    Cheaper probably to give the $300 this way then give everyone a go at tax time. More people paying tax then people with electricity accounts.

  • neonlight on 15/05/2024 - 08:42

    Probably only for FTB families only

    • verio on 15/05/2024 - 08:59
      +1

      Every vote counts. So every household will get it.

  • gviddy on 15/05/2024 - 09:04

    Get out your computers and start crypto mining. Free crypto !!

  • Hinee on 15/05/2024 - 09:08

    Ozbargain is such an interesting little micro-chasm of people. Sometimes it feels like I've started using Facebook again watching these primates red in the face slinging poo at each other.

    • BargainBenno on 15/05/2024 - 11:51
      +2

      Oh it is a painless way for some people to let out their thoughts without hurting anyone physically..and a lot of comments are just in jest..I mean we live in a great country..

  • Taro Milk Tea on 15/05/2024 - 09:14
    +1

    Give freebies now, let the future generations carry the burden…and also, this is not a deal.

  • Poor Ass on 15/05/2024 - 09:20

    (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.)

    maybe OP of the other one is a top bloke

  • BargainBenno on 15/05/2024 - 09:28
    +2

    This payment totally should be means tested. I mean I know people who're spending $28,000 on a 16 night cruise in northern Western Australia and they will also receive the rebate. This payment should be for the people that are struggling to put food on the table and are going without heating at night at the moment. This is meant to be a labor government, who look after the people that have it tough. If there are 10 million households receiving this payment of $300 that equates to 3 billion dollars for the government to make this payment.

    It reminds me of Kevin O7 when he gave people the $1000. The problem there was that you had to be working to get it, and at the time I was not but could not get Centrelink so missed out.

    • qtvinsta on 15/05/2024 - 19:29

      This $300 should go to the people that really need it

  • Fizzydrink on 15/05/2024 - 09:31

    at least eastern states get a choice of provider, in WA, the cash will come off an already inflated price

    • BargainBenno on 15/05/2024 - 09:49
      +2

      Think yourself lucky. In South Australia we pay 44 cents per kWh while your rate is 30 cents per kWh. I can assure you if they open up the market you will pay more as there is just an extra layer in the delivery. We wish that there was still the one supplier who had their home in South Australia.

    • Wasabi Ninja on 15/05/2024 - 10:28
      +1

      State owned one company is the Australian dream.

      • BargainBenno on 15/05/2024 - 11:50
        +4

        Agree. I was never a fan of Govt run entities but now I see what has happened to our water, gas, electricity, public transport, banks..I can see that Govt. is the way to go..

  • packeteer on 15/05/2024 - 09:35

    hmm, I wonder how this will get paid out?

    I don't have a seperate power bill, just a flat fee for rental.

    • jjjaar on 15/05/2024 - 10:32
      +1

      According to the ABC:

      From July, all households will have a $300 credit automatically applied to their electricity bills. $75 dollars will be credited per quarter.

      …You likely won't see this at all.

  • JayCeeJay on 15/05/2024 - 09:59
    +4

    public announcement, not a deal
    belongs in forum

    • infinite on 15/05/2024 - 10:57

      I have to agree.

      No clue how this was even allowed to be posted. It should just be a forum thread.

    • H E B on 15/05/2024 - 12:35

      Automatically applied and given to eligible accounts. PSA.

  • Cluster on 15/05/2024 - 10:10

    This $300 hand out is either being funded by taxpayers, so we're paying ourselves, or with borrowed money, so we'll be paying even more for it in the future.

    It feels good and I'm not complaining about 'free' money, but people should know what it costs.

    • ginormousgiraffe on 15/05/2024 - 14:21

      If you think about it everything is with borrowed money, and if you're the one that owns the money printer what does it really matter.

  • Wasabi Ninja on 15/05/2024 - 10:27
    +2

    Why not just post in forum ?

  • Nighteyes on 15/05/2024 - 10:28
    +1

    Not a deal, agree should be a forum post. If this was cash in account like last time that also involved you having to action something (or miss out), yes, but this is a drip fed rebate applied to electricity bill that people have to do nothing for. Should we have a deal on the tax savings per income bracket too?

  • Denaz on 15/05/2024 - 10:32
    +3

    Not a deal or bargain?

  • beltdrive on 15/05/2024 - 10:38
    +1

    Just sitting here thinking about all of the millionaires and billionaires who are going to receive an energy bill relief

  • SunElf on 15/05/2024 - 10:41

    What a shame, I won't vote for Labor never again!

    • CocaKoala on 15/05/2024 - 11:18

      won't vote for Labor never

      I don't want to take sides and think pretty much all major political parties are equally incompetent, stupid and corrupt. But the double negation in your statement is confusing me. So, will you or won't you vote for labor? 🤔

  • SummerZero on 15/05/2024 - 11:18
    +4

    Sounds like a subsidy of the energy companies funnelled through the end customers.

  • lachhelix on 15/05/2024 - 11:25

    All my problems are solved! /s

  • alcadive on 15/05/2024 - 11:30

    Tax me less in the first place or give me cash back. Don’t give my money directly to the energy suppliers.

    • BargainBenno on 15/05/2024 - 11:48
      +2

      Yes they will probably just bump up their rates to absorb the credit.

  • lonewolf on 15/05/2024 - 11:33

    I live by myself in a duplex (struggling to pay the mortgage without my parents help at the moment after the interest rates skyrocketed), how much are peoples electricity bills?, My electricity bills have gone up to around $900 which doesnt make sense for 1 person. I wfh 2 days a week so i presume that adds up some. Werent we told that privatising energy will bring in competition and bring down prices and ever since that happened, prices just skyrocketed.

    • BargainBenno on 15/05/2024 - 11:48
      +1

      In the summer months me Elec is about $600 a quarter but I also have natural gas and that is about $300. In winter my Elec drops to about $400 but my natural gas goes up to $900. We are a mostly gas house for heating, kitchen and hot water which is winter. Summer we have a 7 Kw Split system which cools and we run that a l lot to try and keep the temp down to about 25C as we have a lot of days in the high 30s where I live in summer.

      • lonewolf on 15/05/2024 - 12:19

        Yeah I have natural gas too and i use that for heating and kitchen. My hot water is electric though i think. I dont use much heating and hardly ever use Air con / split system as i have ceiling fans. I havent changed / moved my plan for like 10 years,thats probably the mistake i am making it sounds like.

        • BargainBenno on 15/05/2024 - 15:15
          +2

          Yes well we have nights of 3 and 4C in winter so heating is a must and then we get up to 42 in summer so cooling also a must. Years ago Origin was the go to for gas but they are not competitive like they use to be. Even their retention team only offer up what I can get elsewhere.I just survive on transferring from one supplier to another every 3 or 4 months and get sign up bonuses. It is the only way we can get by these days. It shows though that the retailers have plenty of money to throw around on sign up bonuses. Maybe they should just offer better rates and so no need to employ the team to keep people and then people won't move!

    • alcadive on 15/05/2024 - 15:59

      My bills are around $80-90/month.

  • loropy9 on 15/05/2024 - 11:59
    +5

    Another example of "privatise the profit, nationalise the loss". We don't need ANY government to throw around other people's money. We need affordable and reliable utility services.

  • cktftw on 15/05/2024 - 11:59
    +5

    Tax the every day person like mad and give you a tiny piece back
    Why not start taxing the energy industry appropriately to subsidise the cost to residents to start with

  • ChickenAdobo on 15/05/2024 - 12:06
    +3

    It the most stupid handout. We should have battery incentives to stabilise the grid… not this 1 qtr bill payout.

    • verio on 15/05/2024 - 12:46
      +4

      Oh mate, don't get me started on this one.

      Here in QLD the state government has only allocated $16m for battery rebates. The funding is now exhausted and you can't get a rebate.

      But hey, they decided to spend around $2.5 billion in energy bill discounts.

      • ChickenAdobo on 15/05/2024 - 13:57

        2,5 billion on battery rebate will go a very long way than the bill credit scheme. It nice to have but I rather have battery rebate.

        Increase value of your house and then your excess solar can beat the duck curve of increasing solarise grid. Heck even a solar less battery grid house still winning long term.

  • Senatekill on 15/05/2024 - 12:15
    +8

    taxpayer dollars wasted

    • SuboxoneSummers on 24/05/2024 - 16:40
      -1

      this is such a dumb comment I don’t even know where to begin with it

  • Alee91 on 15/05/2024 - 12:18

    I forgot to apply for the last one in VIC, still cant forgive myself

  • krazek on 15/05/2024 - 12:29
    +4

    Helicopter money has the exact opposite effect of "reducing inflation"….. Brrrrrrrrrrrr

  • Frozensage on 15/05/2024 - 13:10

    So I can get $300 per house?

  • Crys on 15/05/2024 - 13:24
    +4

    For everyone saying this money should be spent on more solar panels, that's ironically part of the reason why the cost of electricity is going up. Solar only generates power during the day and the uptake in rooftop solar has been so great that it's causing overload (exceeding capacity) on our aging infrastructure, especially the Low Voltage (LV) network. This happens because more is being fed back into the network than what is needed during the day when the demand is low. The infrastructure requires upgrading but the companies responsible for the distribution networks want to spend the bare minimum on upgrades because they have the responsibility to return the maximum amount of profit to their predominantly overseas shareholders. The only time privatised distribution companies do any major upgrades that benefit the community is when the government pays for it or subsidizes the majority of their expenses through schemes and initiatives.

    The easiest/cheapest solution for distribution companies at the moment to reduce overload on infrastructure is to control peoples' inverters to restrict how much electricity can be fed back into the grid unless they have batteries. This means so much surplus energy produced by rooftop solar is being wasted and unused.

    We need to start thinking long term and investing in things community battery projects, especially in areas where there is a lot of surplus, so all that excess electricity can be stored then used in peak hour when the sun goes down and everyone's home and actually using it - to charge their cars, run their cooktops, all their electronics and air-conditioning.

    • try2bhelpful on 15/05/2024 - 13:30
      +1

      Yup, agree with you. Although changing how you use your appliances can help too. Run the washing machines and dishwashers during the day. Many of them have timers. Although if Industry was using the electricity generated that should mean more uptake during peak generating times as well.

      The grid certainly needs to be upgraded for distributed generation. I remember the Longford gas outage.

    • BargainBenno on 15/05/2024 - 15:20
      +2

      In South Australia when you install solar you have to agree that the feed in can be shut off when there is an excess coming into the grid. It does not happen a lot but it does occur. They also are capping how many KW per day you can feed back into the grid at the higher feed in rates per day..after that it is very low..We have such a high take up of PV cells here in Adelaide.

  • Ryxxi on 15/05/2024 - 14:38

    Why is QLD getting $1000 worth of power for free and not other states where it really matters like NSW and VIC.

    • Foxxster on 15/05/2024 - 15:43
      +2

      Because giggles Miles is more desperate. All the polls are showing a Labor wipeout, not without very good reason.

    • Irishness on 15/05/2024 - 15:44
      +2

      mainly because Qld own the generating companies & didn't privatise them, so they are making profits but also I'd say because there's an election this year

    • Hinee on 15/05/2024 - 15:56
      +1

      where it really matters

      typical Victorian

    • payless69 on 22/05/2024 - 14:32

      Because 1k is a lot of money go gain bogan mates.
      Around 30% should get less but hey splitting cash is KING!!

  • nathanos on 15/05/2024 - 15:36
    +3

    Although a lot of people will see this as being a votes grab, it's actually quite a smart way to lower CPI across the board.

    In WA with the power bill credits the state government have provided, they lowered the WA CPI by 1-2% and if memory serves one of those quarters was actually near 0% CPI due to the power bill credits.

    It's actually a smart way to lower the overall target CPI that the reserve bank are shooting for, and the faster we get to that point, the faster we can have interest rates drop and start to make things a bit more affordable for everyone.

    I guess the question will be, is $75/qtr actually enough to affect CPI sufficiently to bring it back into the target range. I guess we'll find out.

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