The Palaszczuk Government has revealed the 2023-24 Cost of Living Rebate will be more than three times the size of last year’s rebate. All Queensland households will automatically receive the rebate, as part of the biggest electricity bill support package in the nation.
Cairns MP Michael Healy said the rebate was possible because of Queensland’s strong economy.
Premier Annastacia Palaszczuk said electricity providers would apply the credit automatically, making it easy to apply.
“This $550 cost-of-living relief will go a long way to help Queenslanders feeling the financial pinch, while our most vulnerable will be further looked after during this tough economic climate.”
“Last year Queenslanders got $175 off power bills to help relieve cost of living pressures, and this year’s rebate is even bigger,” the Premier said.
The elderly and the most vulnerable Queenslanders will get the greatest relief, receiving total support of $1,072 per household in 2023-24 including a $700 cost of living rebate, partly funded with the Commonwealth under the National Energy Bill Relief Fund, and $372 through Queensland’s existing Electricity Rebate Scheme.
All remaining households will automatically receive a $550 rebate on their electricity bill in 2023‑24.
At a time when electricity bills are increasing across Australia and the rest of the world, these rebates will fully offset typical Queensland household electricity bill increases in 2023-24.
Small businesses will also benefit, with about 205,000 eligible small businesses receiving a $650 rebate on electricity bills in 2023-24 to cut the cost of doing business in Queensland, plus $35 million for the Queensland Business Energy Saving and Transformation Program, which includes targeted support for agriculture to enable advice and contribution to energy efficiency measures and infrastructure.
The budget also allocates $70 million over two years to deliver energy efficiency measures and advice to tens of thousands of eligible Queensland households to directly support energy efficient appliances and household batteries, keeping costs down for households, enabling more choice and greater energy equity.
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