Under the scheme, Victorians can receive immediate bill relief of $250 to cut their energy costs by using the Victorian Energy Compare website and comparing energy offers to see if they can get a better deal, or by engaging with a participating community outreach partner.
Minister for Energy Lily D’Ambrosio has announced a $205 million boost to the popular program due to demand.
“Three weeks after launching this bill-busting bonus, we are proud to have supported one million Victorian households with their energy bills while helping them find the cheapest deal available,” she said.
“We know Victorian families are doing it tough, so we’re topping up the $250 Power Saving Bonus program to make sure no-one misses out.”
Since July 1, one million Victorians have applied for the one-off payment.
All Victorian households are eligible for payment, including the nearly 400,000 concession card holders who previously claimed the payment under an earlier phase of the program.
The $250 Power Saving Bonus is available until June 30, 2023, and there are no caps on the number of households that can receive the once-off payment.
User data shows that over the past 12 months, seven out of every 10 users saved an average of $330 by switching energy offers.
The Victorian Energy Compare website is the only free and independent online energy price comparison service available to Victorian energy consumers.
Other programs helping households and businesses to slash energy bills include Victorian Energy Upgrades, which provides upfront incentives for low-cost-to-free energy efficient products, and Solar Victoria, which offers households and businesses discounted solar panels, batteries and efficient heating and cooling.
To apply and for more information go to: compare.energy.vic.gov.au
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