Australians can claim $250 Power Saving Bonus as cost of living crisis deepens – but time is running out
MILLIONS of eligible Australians can now claim a free $250 power bill bonus - but time is running out.
Households in Victoria have only two weeks left to get their hands on the Power Saving Bonus as energy prices soar across the state.
The current power bill bonus round ends at 11:59pm on August 31 and is available to Victorians that have claimed the previous three rounds.
More than 1.7 million households have already applied for the rebate, an initiative launched by the Daniel Andrews state government.
Victorian Energy and Resources Minister Lily D’Ambrosio has urged residents to take advantage of the cost of living measure.
“We’ve put money back in the pockets of millions of Victorian households and put the power back in their hands to make sure they are on the best energy deal,” she said.
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Minister D’Ambrosio shared an image of her own power bill on social media - where she could save $203 - to prompt others to compare their provider.
“As one of many changes, we made it law for an energy retailer to say if you can save money through a better offer – because we’re on the side of Victorians, not the big energy companies,” she said.
The Victorian Energy Compare website is the only free and independent online energy price comparison service available to Victorian energy consumers.
The application takes 5-10 minutes to complete and you will need a recent power bill.
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If your application is successful, the $250 rebate will be in your nominated bank account within 3-15 business days.
The boost aims to help combat soaring bills as Victorian families face paying 25 per cent more for electricity from August 1, Sky News Australia reports.
The figure was revised down from the 31 per cent initially predicted by the Essential Services Commission (ESC).
The ESC ruling means that, on average, customers can expect an increase of $1,755 this financial year which is up from $1,403.
That figure for small businesses increases from $3,039 last financial year to $3,791.
