Contact Us

The Victorian Energy Rebate is a government initiative aimed at providing financial assistance to eligible households in Victoria, Australia. The program offers a significant rebate on electricity bills, making energy more affordable for vulnerable and low-income households. It has been instrumental in easing the financial burden of energy costs for many individuals and families in the region.

What is the Power Saving Bonus?

The Power Saving Bonus is a $250 payment for Victorian households to help ease cost-of-living pressures and encourage them to compare energy offers and save money.

The Bonus is available to all Victorian households who visit the Victorian Energy Compare website or engage with an energy affordability service.

Eligibility

The second round of the Power Saving Bonus is available to all Victorian households – no concession card needed and includes any households who have received payments through previous rounds of the program.

Applications for the second round opened on 24 March and will remain open until 31 August 2023.

Only one payment per household is available for each round of the Power Saving Bonus program.

Application process

To be eligible for the $250 Power Saving Bonus, Victorian households will need to:

Can I apply if I am renting?

If you rent and meet the eligibility requirements, then you can apply for the $250 Power Saving Bonus.

Can I apply if I'm a small business owner?

Small businesses are not eligible for the $250 Power Saving Bonus. To be eligible for the $250 Power Saving Bonus you must be a Victorian residential energy consumer.

How long does it take to receive the $250 Power Saving Bonus?

If your application is successful, you should receive your $250 payment via Electronic Fund Transfer (EFT) within 3-15 business days of submission if you meet the eligibility and documentation requirements. Cheque payments will take a little longer to process but should be received within 5-20 business days if you meet the eligibility and documentation requirements. Incomplete applications may take longer to process.

Energy saving tips

Here at TaxAssist Accountants we want to do all we can to help you to thrive in these difficult times. Whether you’re a householder or are running a small business, read our guide (link to article) on how you can deal with rising energy costs, how to reduce their impact and practice energy efficient measures you can take.

Our services

TaxAssist Accountants can help with all financial aspects of running your business from Year End Accounts, Tax ReturnsBookkeepingBAS Returns, and Payroll, as well as Cashflow ProjectionsSuperannuationBusiness PlansEmployment LawDebt RecoveryCapital Gains TaxAudits and more.

Give us a call on 08 6245 7506 or fill in our enquiry form and we can set up a free initial consultation.

Date published 22 Jun 2023 | Last updated 22 Jun 2023

Choose the right accounting firm for you

Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?

Local business focus icon

Local business focus

We specialise in supporting independent businesses. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.

Come and meet us icon

Come and meet us

We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our multiple locations, meet with us online through video call software, or talk to us by telephone.

Switching is simple icon

Switching is simple

Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.

See how TaxAssist Accountants can help you with a free consultation

08 6245 7506

Or contact us