In a major boost for household budgets across the state, the Victorian Government has announced a significant expansion of its popular Power Saving Bonus scheme, now offering a one-off $250 payment to every eligible household.
The revamped initiative, which officially opened for applications on Monday, is designed to provide immediate relief to families and individuals grappling with rising cost-of-living pressures and soaring energy bills.
Who is eligible for the payment?
The scheme is remarkably inclusive. Unlike many government rebates, eligibility is not dependent on holding a concession card. Any Victorian household can apply for the $250 bonus, provided they are the account holder for their electricity bill.
The application process has been streamlined for ease of use. Residents can claim their bonus entirely online through the dedicated Victorian Energy Compare website. The entire process is designed to be completed in a matter of minutes, with the payment typically arriving via bank transfer within just two weeks.
More than just a cash bonus
While the primary aim is to put money back into people's pockets, the program also serves a secondary, longer-term goal. By applying through the official energy comparison site, households are encouraged to use the platform's tools to compare energy offers from different providers.
This simple step could potentially unlock even greater savings by helping consumers switch to a cheaper electricity plan, effectively compounding the financial benefit of the one-off bonus.
The government has emphasised that this is a "limited time offer," urging all Victorians to submit their claims promptly. This expansion of the Power Saving Bonus represents one of the most direct forms of cost-of-living support available to residents, providing tangible financial assistance to navigate the current economic climate.
