Are you struggling through the chilly winter temperatures while trying your best to keep your electricity bills down?

Thanks to the Federal and State Government energy credits which came into effect from the start of the 2024-25 financial year, you can now feel less guilty about turning on the heater this winter.

From Rent.com.au’s Renter Survey on how cost-of-living increases have impacted renters’ lifestyles, 50% of renters were looking to save money on their utility bills. So, while there are various simple, smart and budget-friendly ways to minimise our energy bills, the rebate will come as a welcome relief for households across the country.

Federal Government energy bill relief

In May 2024, a $3.5 billion Energy Bill Relief Fund was announced by the Australian Government in its 2024-25 Federal Budget as part of several initiatives tackling increasing cost of living pressures. It builds on the $1.5 billion made available for energy rebates provided by the Commonwealth in 2023-24 under the existing fund.

In the 2024-25 energy bill relief package, every household nationwide will receive a $300 annual rebate automatically applied in quarterly instalments to their electricity bills from 1 July 2024.

Eligible small businesses will receive a $325 annual rebate.

State and territory governments will administer the rebates and deliver the payments through retailers, so you won’t need to take any action to claim the electricity credit offsets.

Additional State Government electricity offsets

In addition to the $300 relief offered by the Commonwealth, selected state governments have also allocated funding in their respective 2024-25 budgets to offset electricity costs.

If you live in the below states, you’ll be getting a heftier energy allowance:

See below for the total one-off financial support packages (excludes ongoing concession and benefit schemes), announced in 2024-25 government budgets, which will be flowing through to eligible residential households in each state and territory:

  • $300 in ACT, NSW, NT, SA, TAS and VIC
  • $700 in WA
  • $1,300 in QLD

You might also like:
> What you can do to keep warm if you’re renting

> 6 simple ways to reduce your winter electricity bill
> Connect your gas and electricity with RentConnect

State and territory energy concessions and benefits

To support low income households, families, seniors and other more vulnerable community segments, state and territory governments may also offer other energy-related rebates, concessions, hardship support and assistance for eligible individuals and households.

Click on the following links to find out what’s available in your state or territory:

Financial hardship assistance

If you’re having trouble paying for your energy costs, get in touch with your energy retailer.

Under the National Energy Retail Law, all energy retailers must have a customer hardship policy that supports residential customers experiencing payment difficulties. The policy must also assist those customers to better manage their energy bills on an ongoing basis. Residential customers should have access to support and options from their retailer to meet their payment obligations. Disconnection should only ever be a last resort option.

For more information, take a look at the Australian Energy Regulator’s customer hardship policies.

You might also like:
> 8 money hacks to live by during a cost-of-living crisis
> Can’t afford to pay your rent this month? Here are your next steps
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