The Albanese Labor Government will provide another $150 in Energy Bill Relief, extending our energy rebates until the end of 2025.
This responsible cost of living relief measure will help every household and small businesses.
From 1 July 2025, every household and around one million small businesses will see another $150 in rebates automatically applied to their electricity bills in quarterly instalments, on top of the previous rebates already being rolled out to Australian households and small businesses.
Treasury estimates this will directly reduce headline inflation by around half of a percentage point in 2025, and reduce household bills by 7.5 per cent on average nationally, compared to bills without the extension.
As the Australian Bureau of Statistics has shown, the energy bill rebates we have been rolling out with the states have directly reduced electricity prices. In 2024, electricity prices fell 25.2 per cent, but would have fallen just 1.6 per cent without energy rebates.
The extension of energy bill rebates will cost $1.8 billion over the forward estimates.
In addition, the ACCC's Inquiry into the National Electricity Market will be extended for 12 months, helping to ensure households and small businesses are getting a fair deal from their energy retailer.
The Albanese Labor Government's energy reforms will help consumers to switch between energy plans to secure the best value for their money, remove excessive fees and charges, and ensure people get the concessions they are entitled to, potentially saving them hundreds of dollars per year.
We are providing immediate relief on energy bills now while we continue to progress the overdue reform needed to deliver the modern, affordable and reliable energy grid Australians deserve.
Our economic plan is all about finishing the fight against inflation, providing responsible cost of living relief and building a stronger and more productive economy.
Helping with the cost of living is the number one priority of the Albanese Government and the Budget, and that's what our energy rebates will do.
