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Power Saving Bonus program: How to get your one off $250 payment in Victoria to help with the cost of living

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All Victorian households are eligible for a one-time payment of $250 starting today through the Victorian Government’s Power Saving Bonus scheme.
Premier of Victoria Daniel Andrews announced the payments, which will cost the state $250 million, in May ahead of the state budget, saying they were designed to help people manage the rising cost of living.

Here’s everything you need to know about payment and how to get it.

All Victorian households will receive a one-time payment of $250 to meet the cost of living.
All Victorian households will receive a one-time payment of $250 to meet the cost of living. (Bloomberg)

First of all, am I eligible for this payment?

Every Victorian household will receive a one-time payment of $250 to help reduce the burden of energy prices.

Why is the Victorian government doing this?

The announcement was part of a spending initiative by Dan Andrews ahead of his pre-election budget. The electric program will last for one year, from July 1 to June 30, 2023.

Victorian Premier Dan Andrews says seven out of 10 Victorians can save an extra $330 on their energy bills each year by finding a more competitive electricity contract.

Combined with the $250, he said Victorians would earn almost $600 a year.

When will the payment arrive?

From July 1, payments will be made to the bank account used when you registered online.

What if I can’t log in?

Call the Victorian Energy Comparison Helpline 1800,000 VEC and ask to receive a check within four weeks.

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