$250 Victorian energy bonus: Here’s how to get it

Posted: 2 May 2022 1:41 pm

Relief is on the way for Victorians concerned about energy price increases.

It's budget week in Victoria and premier Daniel Andrews announced households across the state will receive a $250 cost of living payment to help with energy bills.

Who is eligible for the $250 payment?

Unlike a similar energy bonus last year, this one-off payment is available to every Victorian household.

How do I claim the $250 Power Saving Bonus?

You need to register on the Victorian Energy Compare website. Registration will be available from 1 July 2022 with payments to follow shortly after. You can opt-in for a reminder to register as the date approaches on the site.

Why is the Victorian government doing this?

With inflation hitting 5.1% and the cost of energy on the rise it's not a shock that the Victorian government is looking to help households.

Victoria is due for an election later this year and the Power Saving Bonus program costing the government $250 million is just one of a raft of spending initiatives the government will announce during the budget tomorrow.

Is the $250 Power Saving Bonus for Concession recipients still available?

Yes, if you're receiving payments through one of the following programs you may still apply for the previous $250 bonus payment until 30 June 2022:

  • Centrelink Pensioner Concession
  • JobSeeker, Youth Allowance, Austudy or Abstudy
  • Department of Veterans Affairs Pensioner Concession
  • Or hold a Department of Veterans Affairs Gold Card

That's up to $500 of relief on your energy bill this year if eligible.

  • If you have any trouble applying you can call 1800 000 832 for help.

How else can I save money on my energy bill?

We know a range of simple ways to save up to $700 on your energy bill in 2022. But the biggest saving by far can be found just by switching providers. You could save up to $300 a year.

By switching and claiming your $250 Power Saving Bonus you could save up to $550 this year alone.

Ready to compare energy plans? Use Energy Finder™ to find the best deal for you.

Lower your household bills

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