Power Saving Bonus Program: How to Get Your $250 One-Time Payment in Victoria to Help With Living Costs?

July 1, 2022 Add Comment

All Victorian households are eligible for a one-time payment of $250 through the Victorian Government’s Power Saving Bonus program.
Victoria Premier Daniel Andrews announced the payments, which will cost the state $250 million, in May ahead of the state budget, saying they were designed to help people manage the rising cost of living.

Here you will find everything you need to know about the payment and how to get it.

All Victorian households receive a one-time payment of $250 to cover living expenses.
All Victorian households receive a one-time payment of $250 to cover living expenses. (Bloomberg)

First of all, am I eligible for this payment?

Each Victorian household will receive a one-time payment of $250 to reduce the burden of energy prices.

Why is the Victorian government doing this?

The announcement was part of a release initiative by Dan Andrews ahead of his election budget. The energy program runs for one year, from July 1 to June 30, 2023.

Victoria Premier Dan Andrews claims that seven out of ten Victorians can save an extra $330 on their energy bills each year by finding a more competitive energy deal.

Combined with the $250, he said Victorians will be better off nearly $600 annually.

When will the payment come?

From July 1, payments will be made to the bank account used when you registered online.

What if I can’t get online?

Call the Victorian Energy Comparison Helpline 1800 000 VEC and request a check within a period of four weeks.

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