Energy rebate boost: Queenslanders to save $1300 after federal budget
- Replies 6
In a move that has sparked both excitement and discussion across the nation, Queensland households are set to receive a substantial financial reprieve on their energy bills.
Premier Steven Miles has proudly announced that Queenslanders will benefit from a combined $1300 in annual electricity bill relief, a sum that promises to cover the lion's share of an average household's yearly power expenses.
This financial boon comes as a result of the Queensland state government's decision to provide a $1,000 credit to every household's power bills.
This initiative was further bolstered by the federal budget's additional $300 rebate for all Australians, culminating in a total of $1300 in savings for Queensland residents.
On Wednesday morning, May 15, Premier Miles couldn't contain his enthusiasm as he took to social media to spread the word.
'We had some really big news overnight that I'd like to share with Queensland. You might already know that we're taking $1000 off every household's power bill, but last night the Albanese government announced that they'd add $300 to that,' he said in a video message.
'So every Queensland household will get $1300 off their power bill.'
This announcement comes at a time when energy costs are a significant concern for many Australians, particularly our senior community members, who often face the challenge of managing their expenses on a fixed income.
With the cost of living on the rise, such measures can provide much-needed relief.
According to Canstar Blue, a comparison site, the average quarterly electricity bill for a Brisbane household is around $320, or $1280 annually.
Meanwhile, Compare the Market estimates the average quarterly charge for a Queensland household at $389.10, or $1556.40.
This means that the $1300 relief could cover most, if not all, of the average Queensland household's energy costs for a year.
The state government's policy, announced in July, is set to kick off in July this year, with the funds being automatically credited to eligible accounts.
Similarly, the federal government's rebate will commence in July, distributed in four $75 installments every quarter.
It is understood that every Australian household would benefit from the federal government’s $300 energy bill relief.
In the wake of the budget announcement, the government has stood firm against concerns that this cost-of-living relief could fuel inflation.
Treasurer Dr Jim Chalmers assured the public that the package was designed with careful consideration.
'The very clear advice we got from Treasury was that by designing our cost-of-living package the way we have, we will take the edge off inflation and won't add to inflationary pressures elsewhere in the economy,' he stated at the National Press Club.
It's important to note that Queensland's approach, along with the federal government's recent addition, differs from that of other states and territories, where most existing rebates are means-tested.
For instance, in New South Wales, eligible families can receive a one-off $500 payment, while Victorians with certain concession cards can get $250 in bill relief.
Other states offer varying amounts of rebates, with eligibility often tied to concession cards or income levels.
For our senior readers in Queensland, this news could not be more timely. As they navigate the complexities of budgeting in retirement, every dollar saved on utilities is a dollar that can be allocated to other essential needs or leisure activities that enhance our quality of life.
You can watch Dr Chalmer’s announcement here:
Source: Sky News Australia/YouTube
We’re to hear your thoughts on this development. For our members living in Queensland, how will this rebate impact your household budget?
To those living in other states, do you believe similar strategies should be implemented in your state? Share your opinions and experiences in the comments below.
Premier Steven Miles has proudly announced that Queenslanders will benefit from a combined $1300 in annual electricity bill relief, a sum that promises to cover the lion's share of an average household's yearly power expenses.
This financial boon comes as a result of the Queensland state government's decision to provide a $1,000 credit to every household's power bills.
This initiative was further bolstered by the federal budget's additional $300 rebate for all Australians, culminating in a total of $1300 in savings for Queensland residents.
Queensland residents will receive a total of $1300 energy bill rebate. Image source: Shutterstock
On Wednesday morning, May 15, Premier Miles couldn't contain his enthusiasm as he took to social media to spread the word.
'We had some really big news overnight that I'd like to share with Queensland. You might already know that we're taking $1000 off every household's power bill, but last night the Albanese government announced that they'd add $300 to that,' he said in a video message.
'So every Queensland household will get $1300 off their power bill.'
This announcement comes at a time when energy costs are a significant concern for many Australians, particularly our senior community members, who often face the challenge of managing their expenses on a fixed income.
With the cost of living on the rise, such measures can provide much-needed relief.
According to Canstar Blue, a comparison site, the average quarterly electricity bill for a Brisbane household is around $320, or $1280 annually.
Meanwhile, Compare the Market estimates the average quarterly charge for a Queensland household at $389.10, or $1556.40.
This means that the $1300 relief could cover most, if not all, of the average Queensland household's energy costs for a year.
The state government's policy, announced in July, is set to kick off in July this year, with the funds being automatically credited to eligible accounts.
Similarly, the federal government's rebate will commence in July, distributed in four $75 installments every quarter.
It is understood that every Australian household would benefit from the federal government’s $300 energy bill relief.
In the wake of the budget announcement, the government has stood firm against concerns that this cost-of-living relief could fuel inflation.
Treasurer Dr Jim Chalmers assured the public that the package was designed with careful consideration.
'The very clear advice we got from Treasury was that by designing our cost-of-living package the way we have, we will take the edge off inflation and won't add to inflationary pressures elsewhere in the economy,' he stated at the National Press Club.
It's important to note that Queensland's approach, along with the federal government's recent addition, differs from that of other states and territories, where most existing rebates are means-tested.
For instance, in New South Wales, eligible families can receive a one-off $500 payment, while Victorians with certain concession cards can get $250 in bill relief.
Other states offer varying amounts of rebates, with eligibility often tied to concession cards or income levels.
For our senior readers in Queensland, this news could not be more timely. As they navigate the complexities of budgeting in retirement, every dollar saved on utilities is a dollar that can be allocated to other essential needs or leisure activities that enhance our quality of life.
You can watch Dr Chalmer’s announcement here:
Source: Sky News Australia/YouTube
We’re to hear your thoughts on this development. For our members living in Queensland, how will this rebate impact your household budget?
To those living in other states, do you believe similar strategies should be implemented in your state? Share your opinions and experiences in the comments below.
.png){kind=icon}
