Victorians are eligible to claim a one-off $250 payment to reduce cost of living pressures. Here's what you need to know.
What is the new $250 Power Saving Bonus program?
In Victoria's 2022-23 Budget, the state government announced a once-off $250 payment for all Victorian households that use the Victorian Energy Compare (VEC) website – the Victorian Government’s independent price comparison website – to search for the cheapest electricity deal.
How to apply
You can apply for the new $250 Power Saving Bonus from 1 July 2022 by visiting the Victorian Energy Compare Website.
Victorians who do not have access to an electronic device or the internet can call the VEC helpline on 1800 000 832 or receive support from one of the Community Outreach Partners supporting the new $250 Power Saving Bonus program.
Who is eligible?
All Victorians are eligible for the $250 Power Savings Bonus.
Victorian households will need to:
- Have a recent residential electricity bill and be the account holder for that bill
- Visit the Victorian Energy Compare website or engage with an energy affordability service through one of our participating community outreach partners.
Only one Bonus is available per household.
You can register your interest on the Victorian Energy Compare website and enter your details to receive an invitation to apply when the $250 bonus program opens.
Advertisement
Need somewhere to store cash and earn interest? The table below features savings accounts with some of the highest interest rates on the market.
Rates based on a savings balance of $10,000. Sorted by total interest rates. Refer to providers' websites for bonus rate conditions and for any applicable fees and charges. Rates correct as of August 11, 2022. View disclaimer.
Image by Wee Ping Khoo via Unsplash
