Concession card holders in New South Wales are set to get a little more help with their power bills, with the state government announcing energy rebates will go up from the middle of next year.
The move comes after NSW residents were hit with huge increases of around 20 to 25 percent on their electricity prices in July this year.
Some Sydney residents reported their electricity rates have skyrocketed even further, by as much as 80 percent.
Today’s announcement, ahead of Tuesday’s state budget, will see the Labor government committing an extra $100 million toward energy rebates.
Low-income households, pensioners, self-funded retirees, veterans, families, and people with certain medical conditions are expected to qualify for the higher rebate, which will kick in on July 1, 2024.
Energy Minister Penny Sharpe said the extra funds were in addition to the $326 million already allocated for energy rebates in 2024-25 and would mean an increase of about 20-40 percent for most people.
“This additional funding will make a material difference to some of the most vulnerable members of our community.
“The government is committed to keeping downward pressure on power prices at the same time as working to get more renewable energy into the grid, which will deliver cleaner and more affordable power.”
- Here are all of the rebate changes from 1 July 2024:
Low Income Household Rebate and Medical Energy Rebate will increase from $285 to $350. This is an increase of 23 per cent - Family Energy Rebate will increase from $180 to $250 for those receiving the full rate, which is an increase of 39 per cent
- For those on a partial rate (who also receive the Low Income Household Rebate) the assistance will move from $20 to $30
- Seniors Energy Rebate will increase from $200 to $250. This is an increase of 25 per cent
- The Life Support Rebate will increase for each piece of equipment by 22 per cent
