Victorians will be able to easily earn $250 tomorrow just by logging into the state government website.
From July 1, the to compare their existing energy offers with other offers on the market.
The money will be distributed “without strings attached”, according to Victorian Premier Dan Andrews, meaning households won’t actually need to switch providers.
“It’s the easiest $250 you can pocket,” Andrews said in May when the program was announced.
While households don’t need to make the switch, Andrews expects many people will find they’re not getting the cheapest energy plan.
As many as seven in 10 users save money by switching providers, according to the Victorian Government, saving $330 on average in the first year.
“The big power companies rely on people who don’t have the time, information, or knowledge to save money,” Andrews said.
“But we know there are better deals out there and we’re helping Victorian families find them.”
How to get cash payment
Victorian households will be able to submit a request for a payment of $250 each via the Energy Compare website.
Victorians who do not have access to a computer or the internet can call the Victorian Energy Compare helpline or receive support from community partners to receive payment.
There will be no limit to these payments.
The bonus will run until June 30, 2023.
Don’t wait to change resellers
Many Australians pay more for energy than they should, with more than , which is the safety net set by the energy regulator.
Due to the ongoing problems plaguing the energy sector – including unexpected coal-fired power plant outages and high global fossil fuel prices – the market regulator had to raise DMO prices.
These changes are to come into effect on July 1.
Compare the Market spokesman Chris Ford said people would do well to shop around for a better rate as soon as possible before retailers raise rates further.
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