Are you eligible for $500 off your energy bill? Power bill relief is on the way for some, with the government promising billions of dollars for eligible businesses and households. 9News Budget2023
The fund will also upgrade 60,000 social housing properties in a bid to cut power bills on them by one-third.
Small businesses with an aggregated annual turnover of less than $50 million can also access the Small Business Energy Incentive, which the government forecasts to offer $310 million in tax relief that will help pay for energy efficiency upgrades.The federal government estimates retail electricity prices will increase by 10 per cent in 2023-24.Overall, the government estimates the new energy price relief will help shrink inflation by 0.75 per cent.
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