Power Saving Bonus

This is a one-off payment of $250 per household to provide direct support to vulnerable Victorians experiencing energy bill stress due to the coronavirus (COVID-19) pandemic.

Who is eligible for the $250 Power Saving Bonus?

To be eligible to apply for the $250 Power Saving Bonus, you must be able to meet the following eligibility requirements:

• You must be a Victorian residential energy consumer (i.e. have a residential electricity account). 
• You must be receiving payments under one of the following concession programs:
• Centrelink Pensioner Concession
• JobSeeker, Youth Allowance, Austudy or Abstudy
• Department of Veterans Affairs Pensioner Concession
• Or hold a Department of Veterans Affairs Gold Card

Health Care Cards holder who are not recipients of Youth Allowance, JobSeeker, Austudy or Abstudy are not eligible.

What will I need to provide to apply for the $250 Bonus?

To apply for the Bonus, you must provide the following documentation:

• Electricity bill: Applicants must provide evidence they are a Victorian residential energy consumer by providing a copy of their household electricity bill. The applicant is not required to be the account holder named on the electricity bill.
• Centrelink CRN: Applicants must provide evidence they have an active eligible Centrelink payment by providing their Centrelink Customer Reference Number (CRN). The applicant’s residential address associated with the CRN must match the service address listed on the electricity bill.

How do I apply for the $250 Power Saving Bonus?

To apply for the $250 Power Saving Bonus, eligible households must apply on this website or through a participating community organisation from 1 February 2021 until 31 January 2022.

You can access the Power Saving Bonus in two ways:

1.       Do it yourself by applying online at https://compare.energy.vic.gov.au/

2.       If you would like assistance claiming the bonus, call us on 1300 204 781

For more information, contact one of our Financial Planning experts today.