How to Apply for A $250 Power Saving Bonus in Victoria

Understand The $250 Power Saving Bonus Program

The $250 power-saving bonus from the Victorian government is distributed through VIC Energy Compare to all owners of residential electricity accounts. It is a one-time payment. A single payment is permitted per family, and millions of households are anticipated to accept the offer.

The funds will be added to any incentives or rebates you may get from your energy providers or government payments, and they will be put into your designated bank account or sent to you by check.

It's an expansion of earlier, practical programmes designed to lessen the burden of paying bills amid the COVID-19 pandemic and rising living expenses. Other past payments include the Power Saving Bonus 2022 payment for all Victorian households, which has been made to almost 1.7 million homes since its inception on July 1, 2022, and the original $250 energy bonus for concession beneficiaries, which was introduced as a COVID-19 assistance package.

Why was the $250 Power Saving Bonus for Victorian households announced?

The 2018–20 $50 Power Saving Bonus programme for families and the 2021–22 $250 Bonus for concession recipients, which gave more than 850,000 Victorian households over $110 million, are the foundations of the present $250 Power Saving Bonus for Victorian households programme.

To assist Victorians save money on energy and lessen the strain of growing living expenses, the Victorian government is asking all families to apply for the new $250 Power Saving Bonus between July 1, 2022, and June 30, 2023.

Who is Eligible to Receive the $250 Power Saving Bonus?

You can get the $250 Power Savings Bonus in Victoria. Victorian homes must:

• You should have a current domestic power bill and will hold the account.
• Check out the Victorian Energy Compare website or use one of our partnering community outreach services to connect with an energy affordability programme. Each family is only eligible for one Bonus.

To get an invitation to apply when the $250 incentive programme begins, you may register your interest and input your details on the Victorian Energy Compare website.

There may only be one bonus, a government 250 payment per family. To avoid double-dipping in households with numerous adults, the payment will be identified by your home's electricity meter number (NMI).

You are still eligible for the power-saving bonus payment if you have an energy account and reside in an apartment building with an embedded network. However, you may need further supporting documentation to complete your application.

Utility Relief Grant Scheme

Victoria's Utility Relief Grant Programme is open to low-income residents with unforeseen financial difficulties. The grant offers assistance with past-due energy, gas, or water bills for account holders holding qualified concession cards, such as a health care card in Victoria.

Grant applications are made through each utility retailer and open to homeowners and renters named on the account.

How many rounds of the Power Saving Bonus were offered?

August 31, 2023, marked the end of the fourth $250 Power Saving Bonus cycle. Previous to this, three cycles were effectively run from July 2018 to March 2023, indicating the Victorian Government's continued dedication to meeting the demands of its citizens in terms of energy expenditure management.

Use an energy affordability service from a participating community partner or go to the Victorian Energy Compare website to collect the bonus, which is a one-time payment each round. A recent power bill with your name listed as the account holder is required. You may utilise the $250 payment because it is deposited into your specified bank account. For every qualified home, there can only be one Bonus payment.

Payment Dates and Processing Times

Recipients should anticipate receiving their $250 payment via Electronic Fund Transfer (EFT) in 3–15 business days after their application is approved. If requested, check payments could take a little longer; they usually take five to twenty business days. High demand or incomplete applications might cause delays.

How to Apply for a $250 Power Saving Bonus in Victoria?

Eligible households must apply through a participating community outreach partner or on this website to qualify for the new $250 Power Saving Bonus. To apply, use https://compare.energy.vic.gov.au/.

Step 1: Click the submit a power saving bonus application button.

The main page has a button labelled "Submit a Power Saving Bonus application." Press this button to begin.  

Step 2: Disclaimer agreement.

Please read the disclaimer agreement through to the end. The option to "agree to the terms and conditions" will be available for you to check. Additionally, you can consent to Victorian Energy Compare sending you emails. Click Next after that.

Step 3: Provide information from your electricity bill.

You must present details from a copy of your power bill to verify that you are a Victorian electricity user. Not a scanned copy or a picture, but a PDF copy of your most recent store bill is the simplest method to accomplish this. Click "Upload a PDF bill" if you have one (and then see Step 4). Click "Enter the information manually" if you don't have a PDF (and then see Step 5).

Step 4: Uploading a PDF bill.

After selecting "Upload a PDF bill," you must select your bill's most recent PDF version by clicking "Choose file." After attaching the file, select "Submit your PDF bill." When the file has successfully been uploaded, the box will become blue. For details on what to enter next, see Step 6.  

Step 5: I don't have a PDF bill.

Click "Enter the information manually" if your bill is not PDF. You must enter information regarding your power account. You may find all of this information on your power bill. Contact your shop if you can still find details. 

Step 6: Additional information.

After manually entering the information or uploading your PDF bill, you will be required to submit a few more pieces of data, including your phone number and email address. The "Next" button will become blue when all the information has been entered. If the "Next" button remains blue, verify your supplied information accurately.  

Step 7: Your energy profile.

To assist Victorian Energy Compare in creating your energy profile, compiling your list of possible power offers, and approving your Power Saving Bonus application, you must submit further information regarding your home's electricity profile and use. After selecting or checking the appropriate items, each "Next" box turns blue.

Step 8: Payment method for $250 bonus.

Follow the instructions to choose your $250 Power Saving Bonus payment option. Complete the necessary fields according to the payment option you select. Once your application has been accepted, your preferred mode of payment will be used. 

Step 9: Review and confirm your details.

Verify that the information displayed on this page is accurate and make any necessary adjustments. Check the box, "I confirm the details above are correct, and I am authorised to provide them," once they have been checked. At that point, the "Confirm Details" button will become blue. 

Step 10: Security check: 'I'm not a robot' & submit.

A box with the words "I'm not a robot" will usually show when you click "Confirm Details." Kindly check the box to verify. Then, to complete your application, click the blue "Submit" button.

Step 11: Application submitted.

After submitting your application, you will see a page stating that it has been received and thank you. The customer reference number is as follows: PSB3-XXX-XXXX-X. This and other details on your application will also be included in an email that you will receive.

When you click the blue "Next" button at the bottom of the page, a list of the best-priced power options in your region will appear. This will allow you to see whether you can lower your energy costs.

Email info.vec@delwp.vic.gov.au with any queries regarding the Victorian Energy Compare website, your $250 Power Saving Bonus application, and your customer reference number.  

How Else Can I Save on My Energy Bill? 

In Victoria, the average annual cost of power for a household is currently close to $1,400. Although the incentive will assist with this expense, there are further strategies to lower your energy usage and costs.

Reduce Your Energy Usage

Large energy users are your clothes dryer, washing machine, and air conditioning and heating systems. To save money, try using these high-load appliances during off-peak hours. There are further adjustments you may make:

• Switch to LED lighting and insulate your windows, doors, and flooring.
• Make use of an instant water heater.
• Adjust the temperature of your heating and cooling system to the ideal setting.
• Make use of energy-saving appliances. For additional simple energy-saving advice, check out our blog post on How To Save Energy In Your Home.

VIC Energy Compare and Save

Comparing power rates annually is the best approach to reducing your monthly costs. Retailers often launch new market offers, discounts, and sign-up incentives for new consumers; thus, you should switch energy plans frequently to take advantage of the best energy bargains.

While comparing energy plans, there are several things to consider, such as gas and electricity use rates.

Tariffs:

• Off-peak, managed load, shoulder, and/or exclusive deals and savings.
• Variable vs fixed rate fixed term as opposed to no exit fees or lock-in contracts.
• Energy packages ·Additional benefits like partner discounts or rewards stores.

Sorting through these considerations to determine which power plans are best for your house might take time. In just one quick phone call, our team of specialists at CheapBills can help you choose the best choice and walk you through the Powersaving Bonus application.

We'll consider your particular energy requirements and usage patterns to locate a plan from among our carefully chosen panel of suppliers that will enable you to reduce your monthly expenses. We can even evaluate the lowest-priced NBN plans, and Foxtel offers to enhance your savings.

The preferred energy providers include:

• EnergyAustralia
• ActewAGL
• Covau
• Tango Energy
• Blue NRG
• Energy Locals

Switch And Save On Your Internet Plan And Pay TV

Your electricity, internet, and home entertainment expenses consume your monthly budget. Find a low-cost NBN plan, 5G service, and fantastic Foxtel offers with CheapBills to help relieve some of the financial pressure on your family. To provide dependable internet at the speed you want, we will take into account a variety of plans that are offered in your region. The internet service providers we recommend are:

• Optus
• TPG
• Foxtel
• Tangerine
• More Telecom
• Aussie Broadband

Turn to Solar Power System or Solar Generator

Selecting a solar energy system offers significant advantages, including cost savings on electricity bills, environmental sustainability by lowering reliance on fossil fuels, energy independence, increased home value, low maintenance requirements, and access to possible government incentives.

Solar energy offers a clean, renewable energy source that can greatly lower your carbon footprint over time. If you want to try solar energy but have a limited budget, you can consider investing in a solar generator first. Here, we highly recommend the Jackery Solar Generator, which combines Jackery Solar Panels with a Portable Power Station to fully use solar energy.  

Jackery Solar Generators Explained

The $250 Power Saving Bonus is an excellent initiative for Australian households looking to reduce their energy bills. By applying through the program, eligible residents can receive financial assistance that offsets rising electricity costs, helping to manage household budgets more effectively.

Consider investing in a sustainable energy solution like Jackery Solar Generators to maximise your savings. These devices, paired with Jackery Solar Panels, provide a reliable and renewable power source for your home. Solar energy can reduce grid dependency, lower electricity expenses, and maximise your power-saving bonus benefits.

We recommend the Jackery Solar Generator 2000 Plus and Jackery Solar Generator 1000 Plus for comprehensive power requirements. They combine high performance with user-friendly features that make them ideal for various situations.

Additionally, Jackery Portable Power Stations offer multiple charging options, making them versatile tools for both outdoor and home energy management, ensuring you achieve long-term energy efficiency and cost savings.

Jackery Solar Generator 2000 Plus

The Jackery Solar Generator 2000 Plus is a powerhouse designed for heavy-duty use, offering unmatched performance.

With a massive 2 kWh capacity that expands to 12 kWh, this solar-powered generator can meet all your energy needs for extended periods. Perfect for those looking to cut down on traditional electricity consumption, the Solar Generator 2000 Plus ensures uninterrupted power for essential home appliances, including refrigerators, lights, and more.

This powerhouse supports up to 5 add-on battery packs (sold separately), making it a versatile option for larger homes or extended off-grid stays. Whether enjoying outdoor activities or preparing for emergency power outages, the Explorer 2000 Plus covers you. The integrated LiFePO4 battery technology ensures a long-lasting, reliable energy source with up to 4000 cycles, and the ChargeShield technology provides 62 layers of protection to safeguard your devices.

• Expandable Capacity: Start with a 2 kWh base and expand to 12 kWh with additional battery packs. This ensures a versatile and scalable power solution for prolonged use.
• Enhanced Output: Delivers 3000W of power, 30% more than standard 2 kWh solar products, making it capable of running large appliances like refrigerators and heaters.
• Long-lasting Reliability: The advanced LiFePO4 battery boasts a 10-year lifespan with daily usage, ensuring durability and stability.
• Quiet Operation: A whisper-quiet mode ensures minimal noise, making it suitable for home and outdoor use.
• Versatile Charging: Supports fast solar and AC charging, reducing downtime and keeping you powered up efficiently.

Jackery Solar Generator 1000 Plus

The Jackery Solar Generator 1000 Plus is a versatile and compact power solution, perfect for moderate energy needs. Offering a 1002Wh capacity with a 1000W output (2000W surge), this portable solar generator supports 99% of household devices, from refrigerators to laptops, ensuring you stay powered up during power outages or off-grid living.

Thanks to advanced MPPT technology, it charges faster and more efficiently. A full charge takes only 1.8 hours via an AC adapter or 9 hours with 2*SolarSaga 80W panels. It's an ideal choice for those looking for reliable and quick power on the go.

Regardless of weekly usage, the battery's maximum capacity will remain at 80% after a decade of utilisation. Exceptional battery standby exceeding 365 days at 80% capacity establishes an industry benchmark, rendering it optimal for emergency backup power.

• Reliable Backup Power: Expandable up to 5 kWh with three additional battery packs, this system provides 1-3 days of backup for home appliances like TVs, phones, and mini-fridges.
• Efficient Charging: It recharges quickly, using four SolarSaga 100W panels in just 5 hours or through a wall outlet in 1.7 hours, ensuring you're always prepared.
• Safe and Stable: This battery features a LiFePO4 battery with a 10-year lifespan and ChargeShield technology, offering secure and efficient power for sensitive devices.
• Portable Design: Compact and easy to transport, making it ideal for outdoor trips and emergency preparedness.

With Jackery Solar Generators, you can enjoy energy independence, whether at home or in the great outdoors. Choose the 2000 Plus for heavy-duty needs or the 1000 Plus for flexible, portable power solutions.  

$250 Power Saving Bonus FAQs

The following are frequently asked questions about Victoria's $250 power-saving bonus.

1. How do I contact Victorian Energy compare $250?

Email info.vec@deeca.vic.gov.au with any queries about your application, or call us at 1800 000 832.

2. What is the energy bonus in Australia?

The Australian Government will reimburse qualified small enterprises $325 and all Australian families $300. These funds will be paid in quarterly instalments on your power bill for 2024–2025. The rebates will be managed by state and territory governments, who will pay shops for the reimbursements.

3. What is the electricity concession in Victoria?

Types of Energy Concessions and Qualifications. A pensioner concession card, health care card, or gold veterans' affairs card is required for 17.5% of the cost of services and power used covered. The concession does not cover the first $171.60 of the yearly fee.

Final Thoughts

The $250 Power Savings Bonus reimbursement for electricity expenses is a fantastic method to lessen the annual burden of power bills for individuals who qualify through a qualified concession. When the payment is split into two instalments, it is significantly simpler for Victorians to manage their home costs and offset rising energy prices.

You can ensure you profit as much as possible from this worthwhile refund by knowing the qualifying requirements, completing the application process, and keeping track of the instalment payments. If you require further help, consider contacting your energy provider or government agencies to ensure the application process goes well.