$250 Power Saving Bonus for Victorian households | Summary and Q&A

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July 6, 2022
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Investor Motivation
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$250 Power Saving Bonus for Victorian households

TL;DR

The Victorian government is offering a 250 power savings bonus to encourage residents to review their energy prices, with the payment available to eligible households in the new financial year.

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Questions & Answers

Q: How can Victorian households apply for the 250 power savings bonus?

To apply for the bonus, households can either submit an application through the Victorian energy compare website or call the designated phone number provided - 1 800 000 832.

Q: Is the 250 power savings bonus available to all Victorian households?

Yes, the bonus scheme applies to all Victorian households as long as they have a recent residential electricity bill and are the account holder for that bill.

Q: Can an individual apply for the new 250 benefit multiple times within the same household?

No, the 250 power savings bonus is limited to one per household. Each household can only apply for the bonus once.

Q: Are there any limitations on the number of 250 bonuses available to Victorians?

There is no limitation on the number of 250 power savings bonuses available. However, each household is only eligible for one bonus payment.

Summary & Key Takeaways

  • The Victorian government has introduced a 250 power savings bonus to provide financial relief and incentivize households to compare their energy prices.

  • The scheme is a follow-up to previous programs and has been popular, with over 850,000 Victorians participating and saving over 110 billion dollars.

  • Eligible households can apply for the bonus starting from July 1, 2022, through the Victorian energy compare website or a designated phone number.

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