An election promise will see power rebates of $150 to reduce the cost of energy price rises extended for Australians for an extra six months.
If reelected in the federal election due within two months, Labor will give two further $75 reductions to power bills in the last two quarters of the year.
Before the 2022 election, Anthony Albanese promised to bring down the price of power by $275, but this has been called a failure by the Opposition.
The previous rebates were worth $300 for households, with a $325 rebate for eligible small businesses.
Those started on July 1, 2024 and were due to expire in July, 2025 but will now be extended until the end of the year if Labor retains power.
‘We are going to take a further $150 right off your power bill because helping your family budget is our number one priority,’ the Prime Minister told news.com.au.
‘This is another cost of living relief measure that my government is delivering for Australians while putting downward pressure on inflation.
‘Peter Dutton opposed the $300 energy bill relief to households. His only plan for energy is a $600 billion nuclear scheme that he will cut Medicare to pay for.’
The power bill rebates will ultimately cost taxpayers $1.8billion.
They will work by giving a credit on household electricity bills, starting in July.
More to come…
An election promise will see power rebates of $150 to reduce the cost of energy price rises extended for Australians for an extra six months. Stock image
