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$250 Power Saving Bonus Coming Their Way

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Hey, do you like saving money? Yes? Great! Do you also live in Victoria? If so, then you are in for a treat. If not, prepare to be heartbroken as the Victorian Government’s $250 Energy Savings Bonus starts tomorrow.

Yes, that’s right, Victoria has an energy-saving bonus system. Plus, all you need to do to get this savings is have a recent residential electricity bill, be the account holder of said bill, and click Comparison of Victorian energy website. If you’re curious, Victorian Energy Compare is an independent resource that puts energy deals side by side to try and find the best one for your wallet.

Moreover, this site could be useful even when this program ends on June 30, 2023. According to the Victorian government, 7/10 of its users can save their money by exchanging their old energy contracts. The typical savings a household might achieve is $330 per year.

If you’re curious about what other cost of living deals are available in Victoria, here’s a great resource on The latch: Cost of Living Discounts: Guide by State

This energy saving bonus also comes after the groundbreaking announcement of NSW and Victoria’s new education program. You can read more about it here: A breakdown of NSW and Victoria’s new education programs

But let’s dive into a few more details about the cool power offering that was dropped. “This is a great opportunity for Victorians to save money, lower the cost of living and lower their energy bills,” Premier Daniel Andrews said.

He also said that “big power companies rely on people who don’t have the time, information or knowledge to save money. But we know better deals are out there – and we’re helping Victorian families find them.

If you’re worried that there’s a dollar limit or cap on this deal, then fear no more. As andrew tweeted after the initial announcement, “No need to all rush at once and break the internet. There is no limit to the number of payments available.

This regime could not have come at a better time. After all, we are currently going through an energy crisis, a rent crisis and a cost of living crisis, to name just a few of the ways the country is going up in flames. Even with the increase in the minimum wage, it is still very difficult for many Australian families. Hopefully this program will help those who need it most.

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