Australian households will see additional rebates applied to their quarterly electricity bills, with the Federal Government extending its energy rebates until the end of 2025 in a move to relieve cost of living pressures.
From 1 July 2025, every household and around one million small businesses will see another $150 in rebates automatically applied to their electricity bills in quarterly instalments, on top of the previous rebates already being rolled out.
The Federal Department of the Treasury estimates this will directly reduce headline inflation by around half of a percentage point in 2025 and reduce household bills by 7.5 per cent on average nationally, compared to bills without the extension.
The Federal Government said the energy bill rebates it has been rolling out with the states have directly reduced electricity prices, according to data from the Australian Bureau of Statistics. In 2024, electricity prices fell 25.2 per cent, but would have only fallen 1.6 per cent without energy rebates.
The extension of energy bill rebates will cost $1.8 billion over the forward estimates.
In addition, the Federal Government will extend the ACCC’s Inquiry into the National Electricity Market for 12 months.
The Federal Government said its energy reforms will help consumers to switch between energy plans to secure the best value for their money.
