Forming part of the state budget announced Thursday, the state government will provide all WA households with a $400 household electricity credit.
The 2022-23 WA Budget will tap into its $1.6 billion surplus to provide the new $400 credit at an estimated cost of $445 million, building upon the $600 credit delivered in 2020-21.
Western Australia Premier and Treasurer Mark McGowan said strong budget management has its rewards with the surplus allowing the government to provide cost of living relief in the form of $400 household electricity credit to every WA household.
"Our new $400 household electricity credit builds on our previous credit in 2020-21 to deliver $1,000 in savings for Western Australian households on their electricity bills," Premier McGowan said.
"There is no doubt that the pandemic and recent world events are currently having an impact on prices locally and that's why my Government is going above and beyond its election commitments to ease cost of living pressures in WA."
The Western Australia government notes eligibility criteria, guidelines and instructions of how to apply for the $400 credit will be published in the near future.
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Savings Accelerator
Special offer: Savings Accelerator (Kick Starter offer).
For a limited time, new ING customers can get a bonus 0.75% p.a on their savings rate balances of $150,000 up to $500,000 for the first 4 months. T&Cs apply.
If your balance is over $500,000 (but less than $5 million) you will earn the ongoing variable rate of 4.20%
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