Western Australians can now benefit from a $700 electricity credit, aimed at easing the financial strain caused by rising energy bills. As part of the WA government’s cost-of-living support initiative, this credit is designed to assist households and businesses, particularly during the peak energy usage months of summer and winter. In this article, we’ll explore how the credit works, who qualifies, and the steps to claim it.
What You Need to Know About the $700 Electricity Credit
This financial relief is a cornerstone of the Western Australian government’s $492 million cost-of-living package, introduced to counteract increasing utility costs. It provides a direct $700 credit to eligible households and a $725 rebate for qualifying small businesses.
Here’s a quick breakdown:
| Feature | Details |
|---|---|
| Amount | $700 electricity credit for households |
| Eligibility | WA households and small businesses |
| Payment Schedule | Two $350 instalments: July-August and Dec-Jan |
| Business Rebate | $725 for businesses using under 50 MWh annually |
| Claim Process | Automatic for Synergy/Horizon Power; others apply via Revenue WA |
How to Claim the Rebate
Claiming this credit is designed to be as simple as possible:
- For Synergy and Horizon Power Customers
If you are a customer of these major electricity providers, no action is needed. The rebate will be automatically applied in two instalments—$350 during July-August and another $350 in December-January. - For Customers of Other Providers
If your energy provider is not Synergy or Horizon Power, you can still access the rebate by applying through Revenue WA. The online application process is straightforward and ensures no one is left out. - For Small Businesses
Small businesses consuming less than 50 MWh annually must apply through the Small Business Development Corporation to claim the $725 rebate.
Eligibility Requirements
This rebate targets Western Australian households and small businesses. Key eligibility criteria include:
- Households: Must have an electricity account with Synergy, Horizon Power, or a participating provider.
- Small Businesses: Must have an annual electricity consumption below 50 MWh.
While this initiative is exclusive to WA, other Australian states offer their own relief measures:
सम्बंधित ख़बरें
- Queensland: $1,000 electricity rebate for households.
- South Australia: $243.90 assistance for concession holders.
Why This Initiative Matters
Rising energy costs, combined with inflation and increased living expenses, have placed significant financial pressure on Australian households. The $700 rebate not only helps reduce electricity bills but also allows families to reallocate funds toward essentials like groceries, healthcare, and transport.
Additional Tips to Save on Monthly Expenses
While the rebate provides considerable relief, adopting smart financial habits can amplify your savings. Here are a few practical strategies:
- Refinance Loans: Lowering your mortgage interest rate or consolidating high-interest loans can significantly reduce monthly payments.
- Switch to Fortnightly Payments: Making mortgage repayments every two weeks instead of monthly can save you thousands over the loan term.
- Cancel Unused Subscriptions: Review and eliminate subscriptions you no longer use to save up to $70 per month.
- Use Gift Cards and Loyalty Points: Redeem unused points or cards to offset everyday expenses.
- Shop Online: Avoid impulse purchases and take advantage of online discounts to save on groceries and other essentials.
FAQs
- Who qualifies for the $700 rebate?
WA households with Synergy or Horizon Power accounts automatically receive the rebate. Other customers need to apply via Revenue WA. - When will the rebate be applied?
Payments are split into two instalments: $350 in July-August and $350 in December-January. - Can small businesses claim the rebate?
Yes, eligible businesses with annual electricity consumption under 50 MWh can receive a $725 rebate. - How do non-Synergy or Horizon Power customers apply?
Applications can be submitted online through Revenue WA.
This initiative is a much-needed lifeline for many Western Australians, ensuring they can navigate rising living costs with greater ease while focusing on other priorities.