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

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

First things first, am I eligible for this payment?

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

Why is the Victorian government doing this?

The announcement was part of a Dan Andrews spend initiative ahead of his pre-election budget. The power program will run for one year, starting on July 1 to June 30, 2023.

Victoria Premier Dan Andrews claims seven out of 10 Victorians can save an additional $330 off their energy bills every year by finding a more competitive power deal.

Combined with the $250, he said Victorians will be almost $600 better off annually.

When will the payment arrive?

From July 1, payments will be made into the bank account used in your online registration.

What if I can’t get online?

Ring the Victorian energy compare helpline 1800 000 VEC and apply to receive a cheque within a four week period.