The cost of electricity and gas has risen significantly in recent years. The media attention this issue has been given has provided the motivation for people to talk more and compare prices, however by not shopping around, 70% of us are still paying 20% more than we need to for our electricity.
Electricity and gas retailers talk about rising wholesale prices and while there is truth in that, it is only one side of the story as the retailers continue to report huge profits.
MoneyBrilliant’s Bill Watch feature has been designed to help you find the lowest cost electricity and gas plans for your usage in your area. This is a good first step to decreasing your energy bills.
For customers who meet certain criteria, most typically pensioners and low-income earners, there are further concessions you can apply for. These vary state by state and are set by the state government.
In Victoria, low-income earners may apply and be eligible for the following annual rebates:
- 17.5% discount on usage & daily supply costs. The first $171.60 per year is not discounted. The 17.5% discount is calculated and deducted after retailer discounts.
- 17.5% discount on usage & daily supply costs between 1 May & 31 October if your bill is higher than $1,587.82. The 17.5% discount is calculated and deducted after retailer discounts.
You may apply if you are a Victorian resident, are the account holder and have one of the following concession cards:
- Pensioner Concession Card
- Health Care Card or
- DVA Gold Card
To apply for a concession contact your electricity and/or gas retailer by phone and provide them with your concession card details. After confirming the details with Centrelink they will apply the concession to your bill.
For further details and a full list of energy rebates, please go here https://services.dhhs.vic.gov.au/energy
Updated 12 November, 2019