More than 350,000 Victorians have already accessed the one-off $250 payment since it was launched in February 2021, providing more than $87.5 million to those who need it most.
“The Power Saving Bonus is easing cost of living pressures and I encourage all eligible households across Northern Victoria to apply for what could be a crucial $250 payment towards their energy bills,” State Member for Northern Victoria Mark Gepp said.
Households receiving payments through the Pensioner Concession, JobSeeker, Austudy, Abstudy or Youth Allowance programs, or who hold a Department of Veterans’ Affairs Gold Card, are eligible.
The payment is transferred electronically into bank accounts or provided via cheque on request, and typically takes about two weeks to arrive.
To assist eligible households who may not have access to a computer or require assistance with their application, the government is providing support through the Power Saving Bonus Community Outreach Program.
The $250 Power Saving Bonus is part of a $797 million household energy affordability package announced in November 2020. The payment is delivered through the Victorian Energy Compare website.
Victorian Energy Compare is an independent price comparison tool that helps consumers find the best energy deal available. Data shows that seven out of every 10 users can save money by switching energy offers with a typical annual saving of $330.
To apply for the one-off $250 Power Saving Bonus, go to www.compare.energy.vic.gov.au or, if you need assistance with your application, phone 1800 000 832.
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