Energy prices are soaring and recent studies show that costs more than doubled in the last decade. The energy rebate is an incentive in the Victorian State Government you need to know about. The move was announced less than a month ago and is part of a $48 million election commitment by the Labor government in Victoria. You have until December 31st 2018 to do this, and there will only be one Power Saving Bonus per household in a property.
The website also shows you the best tariff for Electricity and Gas based on your circumstances and use. This website saves households an average of $330 in the first year alone (for an estimated 7 in 10 households) - click here for more details. If you are one of the 700,000 already registered (in the last three years) on the website, you can still go back to the site in the second half of 2018 to still be eligible for the payment.
Naturally, you will be asked to fill in a form (takes around 10 minutes), provide identification and bank account details for the money to be delivered. You are not required to take up an offer or switch plans - the choice is yours.
So share the news with family and friends - there's plenty of other great experiences and purchases to spend your money on than giving it to an electricity or gas supplier, and this may be a way to finally start or boost that rainy day fund as well.