All Victorian households will receive a $50 bonus if they seek out a better electricity deal on Victoria’s Energy Compare website, potentially saving them additional hundreds of dollars.
The Victorian Budget 2018/19 will allocate $48 million in the Power Saving Bonus – which is aimed directly at getting Victorian families a better deal from power companies.
To get the money, households will have to use the independent website – which helps the typical household save $330 on their energy bills in the first year alone.
To be eligible for the $50 bonus, households will simply have to use the website between 1 July and 31 December 2018. Households are not required to take up an offer or switch plans.
Victorian Energy Compare is helping families and small businesses save money on their energy bills. Seven out of every 10 users can save money by switching retail offers – and the site has had over 700,000 users since it was launched in late 2015.
The Budget also provides $21.7 million to increase the Utility Relief Grant cap from $500 to $650 – helping households and families suffering unexpected hardship, like losing a job, pay their water, gas or electricity bills.
See the Energy Compare site go to www.vic.gov.au/victorianenergycompare