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Victorian Energy Compare - $250 Power Saving Bonus. Available from 1 February 2021 *Eligibility Condition Apply

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The $250 Power Saving Bonus is a once-off payment available to Victorian households with at least one JobSeeker, youth allowance recipient or pensioner.

On the 17 November 2020 the Minister for Energy, Environment and Climate Change Lily D’Ambrosio announced a once-off $250 Power Saving Bonus to help eligible households with their energy bills as a part of the Victorian Government’s Household Energy Savings Package.

What is the $250 Power Saving Bonus?
The $250 Power Saving Bonus is a once-off payment available to Victorian households with at least one JobSeeker, youth allowance recipient or pensioner.

All pension types will be eligible – age pension, disability support pension, carer payment and single parenting payment. The payments will be available from 1 February 2021 to 31 January 2022 and payments would be limited to one per eligible household. 

What do people need to do to be eligible?
Victorian households will need to visit the Victorian Energy Compare website between 1 February 2021 to 31 January 2022. To be eligible to claim the $250 Power Saving Bonus, Victorians must be able to meet the following eligibility criteria.

Be from a household with at least one JobSeeker, youth allowance recipient or pensioner. All pension types would be eligible – age pension, disability support pension, carer payment and single parenting payment. 
The claimant must have a Victorian electricity bill for their household.
When can eligible households apply?
Eligible households can apply on the Victorian Energy Compare website from 1 February 2021.

Related Stores

energy.vic.gov.au
energy.vic.gov.au

closed Comments

  • +41 votes

    I digress but privatization of electricity is not that great. Private companies keep fleecing us and we need to keep jumping providers and plans every 6-12 months to pay a better rate and on top of this the govt has to run a comparison website to keep this circus under control.

    • +27 votes

      They basically made plans so complicated it is harder to compare who has the best value

    • It’s either privatize or raise taxes? Governments love blowing money so the taxpayer has to pay it back one way or another.

      • you're right the taxpayer does have to pay it back one way or another. Either taxes go up, or rates and taxes go up…

    • Yes you may be forced to jump to a different company from time to time, but would you rather it be ran by a monopoly that would essentially charge more than what you were paying under a bad privatised power deal?

      I recently had to look into power in Perth. Everything about it is insanely expensive. Sure, you could say "but its Perthhh".. but thats a crap excuse. The WA government literally gives out hundreds of dolars per household in power rebates to make themselves look good - and they can afford to do so because they know the electricity is expensive af.

      • no way privatisation will lead to cheaper price, your anecdotal evidence fails to account for the inherent price difference between states, 28c per kwh is no way expensive, have you looked at the price in South Australia, or the $1.3 per day supply charge in Powercor area in VIC? WA runs their own network with interconnect with other states so there must be some cost involved.

        • +1 vote

          19.470/kwh + 61.930/day (both including GST) in Citipower area in VIC. Glad I'm not in Powercor or SA.

          Interesting to compare vs water costs (fixed costs + consumption costs) which, for our place, are about the same annual costs (~$1,800/year).

          • @ely: All are Owned by the same company - HK investment house

          • @ely: This is the bit that makes me see red. I am in ausnet area in VIC Melbourne and we get ripped off at least a dollar a day supply charge and kwh rates that are at least 10 cents more. I can't believe how variable the pricing is between distribution areas in Melbourne.

        • We are in a powercor area and the supply charge is a joke. 75% of our bill is from supply charge.

        • -5 votes

          Privatisation results in cheaper provision of services full stop.

          If you get cheaper prices under government control then invariably the government is subsiding the price somewhere in the service. For example, Railway tickets do not cover the cost of train travel. The Medicare levy does not cover anywhere near the cost of Medicare.

          Both are heavily subsidised. If they were privatised then yes consumer prices may go up but only because subsidies would have been cut and you are paying closer to the REAL cost and governments would reap a fortune both in the sale price and running costs.

          You can’t complain that privatisation leads to job losses and cost cuts and then say the service costs more.

        • Not just powercore. Jemena charges around $1.11 a day.

      • +6 votes

        Can you prove that public utilities are worse off compared to this privatized nonsense?

        Firstly there's no dealing with several distributors. Remember what happened with the bush fires in VIC some years back? That was SP Ausnet putting profits over duty.

        Then there's not having to deal with multiple retailers who sprout like mushrooms overnight. There's no differentiating factor between them, all of them employ bait and switch. If one retailer ruins a brand name with bad tactics, they can always start a new one. We are none the wiser.

        Metro trains in Melbourne are the same. Shitty peak hour service and constant blame games between them and the state govt.

        • Poor network maintenance and a lack of upgrades occurs whether the network is public or private. Government had decades to make upgrades to power networks before they were privatised and chose not to make upgrades on ageing infrastructure. It isn't like Telecom was any kind of gold standard before it got privatised with all its 'pair gain' rubbish it riddled networks with. The incentives to act may be different between public and private but just because something is public, doesn't mean it is treated better.

          If the State Government were still in charge of public transport in VIC, then there would be more strikes than you could poke a stick at. With Luba having to argue with private companies at least they have actual recourse. Also, speaking of networks, the current state government cut track and signalling maintenance in previous budgets that was put in place by the previous government, before putting it back because it was obvious the network was suffering.

          • @Koffee: Agree that public ownership isn't perfect but relatively speaking, there's less entities involved. Problems have to be fixed by the one entity and the residents can lobby the one entity. What I am unhappy about is the sham that the private sector is somehow always better for us.

        • Why go 100% one or the other? Why can't we have a government department that competes with the private sector, if they can show that they can compete and be cost effective give them more finances, just like any other business?

          It seems like having it either 100% public or private would put the power in too few hands.

          • @dmac: Or, you know the obvious alternative: have competent ministers and bureaucrats who're actually interested in doing their job and deliver results. The problem is that government service is fail-safe. No one gets fired no matter how crap their output.

    • Yet the politicians have shares in energy companies. They don't want to change the way it's running. The Auspost scam should have been a clear wake up call and the Gov should buy it all back.

  • Screw that. Where’s my freebie?

  • +10 votes

    Govt is supporting private sector? Nothing new. Check the private health insurance sector. Income over certain limit you have to have private health insurance or pay extra tax.

    • +11 votes

      Another fantastic liberal policy.

      • Why do we even need private health insurance? They're always fleecing me and I use Medicare way more than the insurance(who always tries to knock my claims) I'd rather pay the normal tax rate(where I'd still be contributing a decent amount more) than deal with private health insurance bullshit

        • +6 votes

          oh boooo, think of the jobs that will be lost if the PHI industry is dismantled

          sheds crocodile tears

    • Isn't supporting private health important to spread out the burden of healthcare i.e. reduce wait times for all? It seems that most that would benefit from private health vs paying extra tax, would prefer private health for convenience in having greater access to health services.

      In comparison Canada has a totally public healthcare system with excessive wait times, or do you think that we are a different case?

  • From my calculations, Globird has always stayed the second-cheapest overall. So, after Kogan increased their prices, I came back to Globird. I use an excel sheet for more accurate comparisons.

    • I'm with Globird also and regularly check prices and I still believe they are one of the cheapest, if not the cheapest (I'm in VIC). Also the referral system is really good, have referred lots of people and we always both get the sign up credit.

      • Globird is also the cheapest where I live. Cheaper than Tango. Referral system is an added bonus.

      • Should have asked for a referral when I joined. Back then I was not aware of this forum.

    • I think you didn't check Tango. They are the cheapest with no discounts.

      • Just compared the two. Tango is about 10% more expensive than Globird. You must have your calculations wrong.

    • I've had a look at globird too.. but for some reason they won't let me join.. something about my credit check being not good enough but I had a look at my credit rating and its in the excellent part when I check on credit savvy.. so I must be doing something wrong if they wont let me sign up with them..

  • That's bullshit it should be available to all Victorians

  • Working from home I’ve used way more power than normal. Where’s my rebate?

  • Useless website (except bonus), outdated rates.

  • Bummer I did this last time it was $50. Assuming I would be ineligible now

  • Can anyone help explain, what does " with at least one JobSeeker" means.
    Does that say, the house hold should have at least one person looking for job & jobless at that stage or currently as of 17 Nov?