Millions of Victorians will be eligible to receive another $250 Power Saving Bonus payment from March to help “drive down the cost of living across the state”.
The new round of the payment was an election promise and has now been confirmed with the Andrews government’s success at the November state election.
The $250 payment is available to any household that compared their energy deal through the Victorian Energy Compare website.
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This round will be accessible from March 24, 2023.
It will be open to all eligible Victorian households, including those who have received payments under previous rounds.
“We know Victorians are doing it tough with the rising cost of energy – that’s why we’ll have a new round of the $250 Power Saving Bonus, putting money in families’ pockets and making sure they’re on the best deal,” Victorian Premier Daniel Andrews said in a statement on Saturday.
“We’re driving down bills and putting power back in Victorians’ hands by bringing back the SEC and delivering cheap, clean, sustainable energy.”
Since the current round of the $250 Power Saving Bonus launched on July 1, 2022, more than 1.7 million households have received the payment.
When it becomes available
The payments are available via the Victorian Energy Compare website from March 24, 2023.
They will be available for a year.
How to apply
Victorians will not be able to apply until March 24, as the previous round of bonuses is still underway.
Residents will need to put in their name, email address and phone number on the form when it pops up on the website.
There will be a helpline for those who cannot access the website on 1800 000 832.
As part of the application, information will be given about the best priced electricity offers available in the area, but applicants do not need to switch offers or retailers to receive the bonus.
If applied for electronically, the payment drops into bank accounts within two weeks.
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