In response to escalating energy costs, the Australian Government has introduced the Energy Bill Relief Fund for the 2024 – 25 financial year, providing financial assistance to households and small businesses.
Eligible households can receive up to $300, while small businesses may receive up to $325, both applied directly to electricity bills. ​
Overview of the Energy Bill Relief Fund
The Energy Bill Relief Fund is a federal initiative aimed at alleviating the financial burden of rising electricity costs on Australian households and small businesses. The program offers:​
- Households: Up to $300, distributed in four quarterly installments of $75 each.​
- Small Businesses: A one-off payment of $325.​
Eligibility Criteria
To qualify for the rebate:
- Households:
- Must have an active electricity account with an energy retailer for their primary residence.​
- Electricity usage should be for domestic purposes only; commercial properties are excluded.​
- Small Businesses:
- Must possess an active Australian Business Number (ABN).​
- Should be on a separately metered business tariff.​
- Annual electricity consumption must be below 40 MWh.​
Payment Schedule
The rebates are scheduled as follows:​
| Quarter | Household Installment | Small Business Payment | Date Applied |
|---|---|---|---|
| Q1 | $75 | $325 (one-off) | August 2024 |
| Q2 | $75 | N/A | 1 October 2024 |
| Q3 | $75 | N/A | 1 January 2025 |
| Q4 | $75 | N/A | 1 April 2025 |
Application Process
- Automatic Application: Most eligible households and small businesses will have the rebate automatically credited to their electricity bills by their energy retailers. No further action is required.​
- Embedded Networks: Residents and businesses within embedded networks (e.g., certain apartment complexes, retirement villages, caravan parks) may need to apply manually for the rebate. Application procedures vary by state and territory. For instance, in New South Wales, applications can be submitted through the Service NSW website. ​
State and Territory Variations
While the federal rebate provides a base level of assistance, additional support may be available depending on the state or territory:​
- New South Wales (NSW):
- Additional Rebates: Up to $300 for households and $325 for small businesses.​
- Application: Most recipients receive the rebate automatically; however, those in embedded networks may need to apply manually.
- Victoria:
- Additional Rebates: Up to $250 for eligible households.​
- Eligibility: Includes existing energy concession customers and those with specific Commonwealth cards.​
- Application: Most rebates are applied automatically; embedded network customers may need to apply through the Victorian Energy Compare website. ​
- Queensland:
- Additional Rebates: All households with an active electricity account receive a $550 rebate, with vulnerable households receiving an additional $700. Eligible small businesses consuming less than 100 MWh annually receive a $650 rebate.​
- Application: Rebates are typically applied automatically; specific application processes may vary. ​
- Western Australia (WA):
- Additional Rebates: Eligible households receive a $700 electricity credit, comprising $400 from the state government and $300 from the Commonwealth’s Energy Bill Relief scheme.​
- Application: Automatic for most households; those not billed directly by major providers may need to apply. ​
Additional Support Programs
Beyond the federal rebate, various states and territories offer additional programs to assist with energy costs:
- ACT:
- Home Energy Support Program: Provides rebates for homeowners to improve energy efficiency and reduce household emissions.
- Victoria:
- Solar Panel (PV) Rebate: Offers eligible homeowners up to $1,400 off the cost of installing solar panels, plus interest-free loans. ​
- South Australia:
- Sustainability Incentives: Grants for renewable energy projects, energy-efficient upgrades, and water conservation initiatives. ​
The Energy Bill Relief Fund for 2024–25 provides significant financial assistance to Australian households and small businesses facing rising electricity costs.
By understanding eligibility criteria and payment schedules, recipients can effectively manage and reduce their energy expenses.
It’s advisable to consult local energy authorities or service providers for specific details and application procedures tailored to individual circumstances.​
FAQs
Do I need to apply for the Energy Bill Relief rebate?
For most households and small businesses, the rebate is applied automatically to electricity bills. However, those in embedded networks may need to apply manually, depending on state-specific guidelines.​
When will the rebate appear on my electricity bill?
The rebate is credited in quarterly installments, aligning with your provider’s billing cycle. The exact timing may vary based on your provider.
Are renters eligible for the rebate?
Yes, renters who have their electricity account registered in their name are eligible. If electricity is included in rent, tenants should contact their landlord or provider for assistance.
