$250 Power Saving Bonus – Ministerial Response

Scroll down for the Minister’s response, or click here to discover more about how we’re working for Wendouree.

Original Adjournment Matter from Juliana Addison MP to Parliament –

My adjournment matter is for the Minister for Energy and Minister for Environment and Climate Action, and it is about the Victorian government’s $250 power saving bonus, which opened to every eligible Victorian household from 1 July. The action that I seek is for the minister to provide me with an update on how many households in the Wendouree electorate have applied for and benefited from the $250 power saving bonus.

Winter in Ballarat is cold, and we have recently had a number of below-zero mornings. I know that heating a home and keeping warm can be expensive. Therefore I am so pleased that the Andrews Labor government is addressing the cost-of-living pressures with the $250 power saving bonus for eligible Ballarat households. The $250 energy payment provides welcome financial relief for Wendouree constituents this winter.

Significantly, it also provides energy consumers with potential for long-term financial relief by encouraging them potentially to find a better power plan through the Victorian Energy Compare website. Indeed seven out of 10 people who have logged on have found a cheaper deal.

It has been great to hear from so many people in Ballarat who have taken up this offer who appreciate this boost to their household budgets. Further, I am so pleased that over the last month my electorate office has assisted hundreds of constituents with inquiries about the bonus as well as supporting them to apply over the phone or in person or attend outreach posts, including events at the Wendouree Senior Citizens and the Brown Hill Senior Citizens.

Modern technology can be overwhelming for some community members, and I have found that our assistance has been welcomed. Indeed many had no idea they could approach their local MP for this, and I continue to encourage anyone that needs help to get in touch with my office.

These interactions have also provided my staff and me with an opportunity to make a small difference in another person’s life and hear from constituents that we have previously never met. As a result we have had wonderful and inspiring conversations with many people in my community about their life, family, travels, work, highs and lows. Our elderly seniors deserve support, social wellbeing and more than a little kindness, and it is a privilege to help with this in addition to providing the bonus itself.

I thank the minister for introducing this important initiative that addresses cost-of-living pressures, and I look forward to hearing how many households in my community have applied for and benefited from the $250 power saving bonus.

Response from the Hon Lily D’Ambrosio MP, Minister for Energy (30 August 2022) –

As part of the Victorian Budget 2022/23, the Government invested in a new $250 Power Saving Bonus from 1 July 2022, driving down the cost of living right across the state.

All Victorian Households will receive a once-off payment of $250 to ease the cost-of-living pressures and encourage Victorians to compare their household energy prices and save money.

The Victorian Energy Compare website is the only free and independent online energy price comparison service available to Victorian energy consumers. The program will support households to better understand the energy affordability support and mechanisms that are available and encourage them to participate in the energy market more frequently.

Since the program was launched, more than 1.3 million applications have been submitted for the bonus, with over 1.13 million applications having already been approved. Of the 1.3 million applications that have been submitted, more than 15,000 have come from the Wendouree electorate.

User data shows that seven out of every 10 users can save money by switching energy offers, with typical annual savings of $330 on energy bills in the first year of switching alone. Combined with the Power Saving Bonus, that means Victorian households could save up to $580 a year.

Victorian households can apply for the $250 Bonus when visiting the Victorian Energy Compare website (compare.energy.vic.gov.au) or by engaging with an energy affordability service through one of our participating community outreach partners. The Power Saving Bonus is scheduled to run until 30 June 2023.

More information on the Power Saving Bonus and the community organisations participating in the Community Outreach Program can be accessed by visiting compare.energy.vic.gov.au/psb-outreach or calling the Victorian Energy Compare helpline on 1800 000 832.

 

Watch and read more of my speeches to Parliament here, including responses from ministers on how we’re working for Wendouree.

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