Australian Government Doubles Energy Bill Relief, Slashing Costs for Over 10 Million Households

The Albanese Labor Government will offer a $300 energy bill rebate to every household and additional relief to small businesses as part of the Budget’s cost of living support. Just as every taxpayer is receiving a tax cut, every household will now get energy bill relief under the Albanese Government. Starting July 1, 2024, all households will automatically receive a $300 credit on their electricity bills, and about one million small businesses will get $325 off their bills over 2024-25.

Based on 2024-25 standing offer estimates, the Commonwealth’s energy bill relief will lower household bills by an average of 17% compared to the previous year. This cost of living relief builds on the Albanese Government’s Energy Bill Relief Fund announced in December 2022, which committed up to $1.5 billion to protect Australian families and businesses from global energy price shocks.Compared to the Government’s 2022 Energy Bill Relief Fund, this new power bill relief doubles the number of eligible households from five million to over ten million.